The Running Realtor: October 2008

A blend of ramblings about Real Estate & Running around New Haven County and the Connecticut Shoreline

Can You Survive On $60 Per .....?

Can You Survive On $60 Per Month?  That title caught my eye a few weeks ago and has remained on my mind for a few reasons. First because it was a featured ReBlog that reinforces the fact that features are not about the written word but more about who posts those words. Secondly because I agree people should live within their means and had been planning to look at my numbers but kept putting it off, a blogging idea is often a motivator to get something done.

Sure, you can convince yourself you are living on only $2 a day if you excluded food, housing, transportation and all the rest of life’s necessities. But isn’t that the logic that created the Mortgage Meltdown Mentality?   With today’s economic environment we are all looking for ways to stretch a buck but first we need to take a hard look at expenses.

$100 Bill cut upCan You Survive on $60 Per Day? That was my initial thought while rehashing the idea of budgeting but I knew in most cases that figure would not be enough.  I decided to break my expenses down into four budget categories.

$60 a Day for Housing
a Day for All Necessities
a Day for Little Extras
a Day for Taxes

Being in a commissioned based business I don’t get paid by the day but still think in terms of hourly wages, weekly pay checks and monthly gross income. Calculating my expenses in each of the categories gave a clear message HALT.  The numbers didn’t work.  Maybe if I devote $60 a day, 365 days a year to each group it will balance.

What does it really cost you to live?   Everyday, 365 days a year expenses continue. Don’t trick yourself into a false sense of security.  The method used to dispense your money whether it is cash, check or charge doesn’t make any difference.  Knowing what you have verses what you need will dictate daily spending habits so you will survive.

If reviewing your budget leads to the decision to make a change in housing contact me, Dan Cummings - Connecticut's Running Real Estate Agent for help buying or selling property in New Haven County.

Comment balloon 15 commentsNo Longer Active • October 29 2008 09:16AM
Can You Survive On $60 Per…?
Can You Survive On $60 Per Month? That title caught my eye a few weeks ago and has remained on my mind for a few reasons. First because it was a featured ReBlog that reinforces the fact that features are not about the written word but more about… more
Elected Officials Love to Waste Money
In this economic climate where people are struggling to maintain their meager existence the elected officials still are not able to comprehend controlling cost. Today I received this flyer and although I have forgotten most of the Spanish I… more
The Playwright Halloween 5k
It is that time of year again! The Playwright in New Haven will be hosting their 3rd annual Halloween 5k road race to benefit the Yale-New Haven Children's Hospital. October is a great time to run in Connecticut with crisp morning temperatures. … more
Who does what and when? Real Estate Agent
Today I ran into a series written by an up & coming runner and a downhill racer by the name of Beth Forbes but the Re-Blog feature didn’t allow me to alter the title so I will do it my way and add the occupation of Realtor The Real Estate… more
The Marathon Psycho
Some people may consider me nuts but I am actually reflecting on the psychology of finishing a marathon. Practically every Saturday this year I have spent a few hours with runners that joined the Team in Training During the cold… more
The Great Schlep
The Great Schlep has surfaced in the news recently touting their latest tactics during the Columbus Day weekend to utilize the young and dumb in an effort to bribe the old and feeble. Hope my opening line catches attention but I do not really… more
The Running Realtor's Home Sales Report - September 2008
The month of September was filled with gloom and doom from government officials who foolishly decided pumping 700 billion into Wall Street was the solution. The stock market continues to slide downward and big banks are bickering about who gets to… more