Comments on: Dieting For Dollars

By: Articles4You

Articles4You — Tue, 15 Dec 2009 10:20:54 +0000

thanks very usefull information !

By: Money Hacks Blog Carnival - Earth Day Edition | The Personal Finance Playbook

Wed, 22 Apr 2009 12:05:31 +0000

[...] Frankle presents Dieting For Dollars posted at Wealth [...]

By: Neal

Neal — Wed, 08 Apr 2009 18:52:47 +0000

Great comment Oblivious. That perspective makes sense. I guess I better leave my fuzzy dice at home!

By: Neal

Neal — Wed, 08 Apr 2009 18:51:05 +0000

I see your point SJ and its important. I think this is a good tool – but not the only one.

IMO, money is a exchange medium for time so in many ways, this really IS the trade off.

I took a 7 day cruise w/my family that cost me thousands…..and it was the best use of money ever. My wife and I savor the moments daily. But we did this calculation prior to making the trip and we decided to spend the money.
So I do agree that it will make us pause before spending, but it won’t always end up with a thumbs down.

By: SJ

SJ — Wed, 08 Apr 2009 16:22:06 +0000

But that only makes sense if the amount of time you have to work is equal to the amount of time you have to play…

I think when you do things like that you get skewed towards over saving and what not… Shouldn’t you also weigh in the benefits =)
(the happiness willl last x days after the event lolol)

By: ObliviousInvestor

ObliviousInvestor — Wed, 08 Apr 2009 11:45:44 +0000

I try to remember to do this all the time. It’s a great way to put things’ real cost in perspective. (It helps me remember that my time is quite literally my life. So if I’m wasting my time on something…)

GetRichSlowly also talked about doing this once. He even suggested backing your fixed expenses out of the amount you make per month. That way, you can see that rather than making $4k per month, perhaps you only have $1,500 per month in disposable income.

When you look at it that way, something that costs $1,000 takes roughly 3 weeks to earn rather than 1 week.