Comments on: Weekend Reading http://fabulousfinancials.com/2008/10/weekend-reading-2.html A single woman on a mission to become healthy & wealthy. Mon, 15 Mar 2010 23:20:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Rufina http://fabulousfinancials.com/2008/10/weekend-reading-2.html/comment-page-1#comment-30141 Rufina Tue, 07 Oct 2008 01:49:33 +0000 http://fabulousfinancials.com/?p=1455#comment-30141 that is why I said lets close this issue, it was really nothing to debate about, I just made a comment, should not have said most people, my bad. I am moving onto reading your next post. See you there that is why I said lets close this issue, it was really nothing to debate about, I just made a comment, should not have said most people, my bad. I am moving onto reading your next post. See you there

]]> By: Single Ma http://fabulousfinancials.com/2008/10/weekend-reading-2.html/comment-page-1#comment-29998 Single Ma Mon, 06 Oct 2008 13:22:46 +0000 http://fabulousfinancials.com/?p=1455#comment-29998 By saying "most people," you are making an assumption because you can't speak for "most people." Frankly, this back and forth is boring me to death because you fail to support your position on why you assume "most people" can't live on 1/2 their income. YOU can't do it, perhaps. But you certainly can't speak for "most people." By saying “most people,” you are making an assumption because you can’t speak for “most people.” Frankly, this back and forth is boring me to death because you fail to support your position on why you assume “most people” can’t live on 1/2 their income. YOU can’t do it, perhaps. But you certainly can’t speak for “most people.”

]]> By: Rufina http://fabulousfinancials.com/2008/10/weekend-reading-2.html/comment-page-1#comment-29994 Rufina Mon, 06 Oct 2008 12:27:33 +0000 http://fabulousfinancials.com/?p=1455#comment-29994 I don't assume anything. I don’t assume anything.

]]> By: Rufina http://fabulousfinancials.com/2008/10/weekend-reading-2.html/comment-page-1#comment-29985 Rufina Mon, 06 Oct 2008 10:58:22 +0000 http://fabulousfinancials.com/?p=1455#comment-29985 See your point there, read some. Yes, some people can still live on a cheap even in NY, but I have to tell you that most NYorkers are struggling especially when it comes to rent. Let's close this issue. we can debate for ever on this one. <strong>There is nothing to debate. My point is, if YOU can't live on 1/2 YOUR income, that's fine. End of story. In fact, had you said that, I wouldn't have responded. Problem is, you made a blanket statement that insinuated it is impossible for anyone to live on 1/2 their income just because they live in NY. Many NYers are savers, many more than you may think. Frugality and saving isn't mainstream news because it doesn't invoke emotion, but don't assume EVERYONE is struggling. [-SM]</strong> See your point there, read some.
Yes, some people can still live on a cheap even in NY, but I have to tell you that most NYorkers are struggling especially when it comes to rent. Let’s close this issue. we can debate for ever on this one.

There is nothing to debate. My point is, if YOU can’t live on 1/2 YOUR income, that’s fine. End of story. In fact, had you said that, I wouldn’t have responded. Problem is, you made a blanket statement that insinuated it is impossible for anyone to live on 1/2 their income just because they live in NY. Many NYers are savers, many more than you may think. Frugality and saving isn’t mainstream news because it doesn’t invoke emotion, but don’t assume EVERYONE is struggling. [-SM]

]]> By: Rufina http://fabulousfinancials.com/2008/10/weekend-reading-2.html/comment-page-1#comment-29967 Rufina Mon, 06 Oct 2008 01:51:42 +0000 http://fabulousfinancials.com/?p=1455#comment-29967 What I was trying to say is that if your rent is 1/3 of your take home pay, then it would be 2/3 of your pay if you shall take a 50% pay cut. I am going to read an article, perhaps tomorrow, been working whole weekend-quarter end, I was not condemning your choice of articles <strong>(didn't say you were [-SM])</strong>, I was just stating the fact <strong>(this isn't fact, it is your opinion [-SM])</strong> that it would be two times as much expensive shall anyone be forced to do so and this woulld be definetely painful. <strong>What would be more expensive? The cost of your living expenses would not change, you would just live on less. Why is that concept so foreign? Perhaps, we have different ways of viewing things. Most of my household expenses are fixed, even my utilities can be estimated with a degree of accuracy. Regardless of how much I make, my household expenses will remain the same - unless I choose to trade up. However, if I choose (I wouldn't be forced) to live on 1/2 my income, I'd focus on reducing excess spending on non-necessities. Perhaps, even reduce fixed expenses, if necessary. I would not view it as being more expensive or painful. It would simply be a choice. [-SM]</strong> you also have to consider that median gross income for an average American is about $52K or so, therefore where you personally have 25% in expenses, others might have close to 35-40% in household expenses. <strong>Yes, I realize that, but I did not make a sweeping blanket statement as if everyone's circumstances were like mine. However, you did. Therefore, I was illustrating an exception. Besides, neither I nor the article specified a number. It simply asked if could you survive on 1/2 of YOUR pay. I'm sure it would be easier for some than others, but certainly not impossible. It's all about choices - the core of personal finance. [-SM]</strong> Everything is relative <strong>(true [-SM])</strong>, I am not dismission the notion, I would not mind spending only half of what I earn on rent, transportation, groceries, etc and save the other half, however the reality of living in a state with one of the highest tax rates, it would be tough <strong>(For YOU, ok. [-SM])</strong> I was just expressing my opinion, not knocking anyone down or anything. <strong>There's nothing wrong with expressing your opinion or making a statement about your personal situation, but when you say things like "most people," you are generalizing as if your situation is the norm, when it isn't. I'm sure there are many people living in NY who survive on 1/2 the avg income. Have you read <a href="http://www.myopenwallet.net/search/label/New%20York%20Stories%20Series" rel="nofollow">these</a>? [-SM]</strong> What I was trying to say is that if your rent is 1/3 of your take home pay, then it would be 2/3 of your pay if you shall take a 50% pay cut. I am going to read an article, perhaps tomorrow, been working whole weekend-quarter end, I was not condemning your choice of articles (didn’t say you were [-SM]), I was just stating the fact (this isn’t fact, it is your opinion [-SM]) that it would be two times as much expensive shall anyone be forced to do so and this woulld be definetely painful. What would be more expensive? The cost of your living expenses would not change, you would just live on less. Why is that concept so foreign? Perhaps, we have different ways of viewing things. Most of my household expenses are fixed, even my utilities can be estimated with a degree of accuracy. Regardless of how much I make, my household expenses will remain the same – unless I choose to trade up. However, if I choose (I wouldn’t be forced) to live on 1/2 my income, I’d focus on reducing excess spending on non-necessities. Perhaps, even reduce fixed expenses, if necessary. I would not view it as being more expensive or painful. It would simply be a choice. [-SM]
you also have to consider that median gross income for an average American is about $52K or so, therefore where you personally have 25% in expenses, others might have close to 35-40% in household expenses. Yes, I realize that, but I did not make a sweeping blanket statement as if everyone’s circumstances were like mine. However, you did. Therefore, I was illustrating an exception. Besides, neither I nor the article specified a number. It simply asked if could you survive on 1/2 of YOUR pay. I’m sure it would be easier for some than others, but certainly not impossible. It’s all about choices – the core of personal finance. [-SM]
Everything is relative (true [-SM]), I am not dismission the notion, I would not mind spending only half of what I earn on rent, transportation, groceries, etc and save the other half, however the reality of living in a state with one of the highest tax rates, it would be tough (For YOU, ok. [-SM]) I was just expressing my opinion, not knocking anyone down or anything. There’s nothing wrong with expressing your opinion or making a statement about your personal situation, but when you say things like “most people,” you are generalizing as if your situation is the norm, when it isn’t. I’m sure there are many people living in NY who survive on 1/2 the avg income. Have you read these? [-SM]

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