Comments on: New Year’s Financial Resolutions: Resolve to Take Baby Steps http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/ because money doesn't grow on trees Thu, 09 Feb 2012 19:16:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Amanda L. Grossman http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10283 Amanda L. Grossman Fri, 29 Jan 2010 14:50:10 +0000 http://www.mydollarplan.com/?p=1045#comment-10283 Hello Holly! Thanks for the comment, and good luck on the cold turkey! Hello Holly!

Thanks for the comment, and good luck on the cold turkey!

]]> By: Holly http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10274 Holly Fri, 29 Jan 2010 01:01:33 +0000 http://www.mydollarplan.com/?p=1045#comment-10274 Thanks for the motivation to go 'cold turkey' with the cc. I like the idea of weaning oneself from credit, too, but it still seems a little too attractive to overspend; I'm going all cash and will pull $ from savings if necessary. I also started using YNAB (so far I am loving it!) so that I will know exactly how far I can get with cash each month. Great post!!! Thanks for the motivation to go ‘cold turkey’ with the cc. I like the idea of weaning oneself from credit, too, but it still seems a little too attractive to overspend; I’m going all cash and will pull $ from savings if necessary.

I also started using YNAB (so far I am loving it!) so that I will know exactly how far I can get with cash each month.

Great post!!!

]]> By: Man vs Debt – Who Will Win? | Money Smart Life http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10167 Man vs Debt – Who Will Win? | Money Smart Life Sun, 17 Jan 2010 07:33:27 +0000 http://www.mydollarplan.com/?p=1045#comment-10167 [...] New Year’s Financial Resolutions: Baby Steps @ My Dollar Plan [...]

[...] New Year’s Financial Resolutions: Baby Steps @ My Dollar Plan [...]

]]> By: Money in Our Life: 5 Personal Finance Basics to Work On | My Super-Charged Life http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10150 Money in Our Life: 5 Personal Finance Basics to Work On | My Super-Charged Life Thu, 14 Jan 2010 12:01:43 +0000 http://www.mydollarplan.com/?p=1045#comment-10150 [...] first, but it will be worth it.  Check out some suggestions on how to make this transition in New Year’s Financial Resolutions: Resolve to Take Baby Steps. Piling up more debt is unacceptable.  It will only make the mountain we have to climb to [...]

[...] first, but it will be worth it.  Check out some suggestions on how to make this transition in New Year’s Financial Resolutions: Resolve to Take Baby Steps. Piling up more debt is unacceptable.  It will only make the mountain we have to climb to [...]

]]> By: Baby Boomers U. S. (The Blog) » Blog Archive » Baby Boomers Blog Carnival Twenty-second Edition http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10140 Baby Boomers U. S. (The Blog) » Blog Archive » Baby Boomers Blog Carnival Twenty-second Edition Wed, 13 Jan 2010 12:25:51 +0000 http://www.mydollarplan.com/?p=1045#comment-10140 [...] presents New Year’s Financial Resolutions: Resolve to Take Baby Steps posted at My Dollar [...]

[...] presents New Year’s Financial Resolutions: Resolve to Take Baby Steps posted at My Dollar [...]

]]> By: 100 Inspiring Personal Finance Posts for the New Year | Accounting Degree.com http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10090 100 Inspiring Personal Finance Posts for the New Year | Accounting Degree.com Tue, 05 Jan 2010 18:04:47 +0000 http://www.mydollarplan.com/?p=1045#comment-10090 [...] New Year’s Financial Resolutions: Resolve to Take Baby Steps: This post will help you organize your PF New Year’s resolutions slowly but surely. [...]

[...] New Year’s Financial Resolutions: Resolve to Take Baby Steps: This post will help you organize your PF New Year’s resolutions slowly but surely. [...]

]]> By: Amanda L. Grossman http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10089 Amanda L. Grossman Mon, 04 Jan 2010 20:04:01 +0000 http://www.mydollarplan.com/?p=1045#comment-10089 Hello Kitty! Thank you for your comment. It could certainly still be worth paying the potential annual fees (my credit card has not started this yet either...but I am holding my breath) if the rewards are great. For example, I have cashed in my rewards for over $400 worth of gift cards this year, so if there had been a $35 annual fee attached to the card, it still would have made financial sense to keep the card. I hope your holiday was wonderful! Hello Kitty!

Thank you for your comment. It could certainly still be worth paying the potential annual fees (my credit card has not started this yet either…but I am holding my breath) if the rewards are great. For example, I have cashed in my rewards for over $400 worth of gift cards this year, so if there had been a $35 annual fee attached to the card, it still would have made financial sense to keep the card.

I hope your holiday was wonderful!

]]> By: kitty http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10083 kitty Sun, 03 Jan 2010 21:00:28 +0000 http://www.mydollarplan.com/?p=1045#comment-10083 " However, it looks like many credit cards are now going to charge an annual fee to their best customers: the ones who pay off their balance each month and only use the credit card for the rewards. " No sign of this happening yet... If it does, it'll be the question of math (for disciplined users): annual fee vs rewards amounts vs convenience. "If you are living on credit cards now (even with discipline), this means that you are charging this month’s living expenses to next month’s tab." This is true only in part. Yet, you pay this month' expenses next month, but if you are disciplined you also have extra money left this month. If you are like me, you move this money to savings now an pay your CC bill from next check. So the alternative, if you switch to cash would be simply to 1) wait with moving money from checking to savings/investments or 2) move money from savings to checking. Both are less convenient and result in possible loss of interest or investment opportunity. So if or when the cards would start charging yearly fee, it'd be the matter of figuring out if it's worth it. ” However, it looks like many credit cards are now going to charge an annual fee to their best customers: the ones who pay off their balance each month and only use the credit card for the rewards. ”
No sign of this happening yet… If it does, it’ll be the question of math (for disciplined users): annual fee vs rewards amounts vs convenience.

“If you are living on credit cards now (even with discipline), this means that you are charging this month’s living expenses to next month’s tab.”
This is true only in part. Yet, you pay this month’ expenses next month, but if you are disciplined you also have extra money left this month. If you are like me, you move this money to savings now an pay your CC bill from next check. So the alternative, if you switch to cash would be simply to 1) wait with moving money from checking to savings/investments or 2) move money from savings to checking. Both are less convenient and result in possible loss of interest or investment opportunity. So if or when the cards would start charging yearly fee, it’d be the matter of figuring out if it’s worth it.

]]> By: A New Year’s Resolution Roundup Part One » JoeTaxpayer http://www.mydollarplan.com/new-year%e2%80%99s-financial-resolutions-resolve-to-take-baby-steps/#comment-10082 A New Year’s Resolution Roundup Part One » JoeTaxpayer Sun, 03 Jan 2010 13:04:40 +0000 http://www.mydollarplan.com/?p=1045#comment-10082 [...] New Year’s Financial Resolutions: Resolve to Take Baby Steps by Amanda at My Dollar Plan is a focused finance-centric list of how to get your finances in order over the next year. She addresses debt,  saving, income, and investing in one’s own future. Not sure if it’s polite to ask her if she’s in great shape or just decided to stick to finance for the goals. [...]

[...] New Year’s Financial Resolutions: Resolve to Take Baby Steps by Amanda at My Dollar Plan is a focused finance-centric list of how to get your finances in order over the next year. She addresses debt,  saving, income, and investing in one’s own future. Not sure if it’s polite to ask her if she’s in great shape or just decided to stick to finance for the goals. [...]

]]>