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MOB #80 – Carve A Little Savings Out of Your Budget

March 9th, 2009 · podcasts

The main topic of this week’s episode of Millionaire or Bust is carving some savings out of your budget. But, before I talked about that, I had to give you this week’s news:

First off, we had the 17th bank failure of the year, making eight consecutive weeks with at least one bank failure. Then on Sunday, Circuit City closed it’s doors for the last time.

And while oil and gas prices were going up, the DOW, S&P 500 and NASDAQ were all dropping. To combat that and the horrendous unemployment numbers that were released, the top ranking House Republican called for a spending freeze.

Of course since people knew they were on their own to help themselves in this economy, workers started spending less on eating out according to a survey.

For those of you looking to save a bit more money, I discussed a few ways to carve a little extra money savings out of your budget that I was thinking about as I poured through my bills while doing my taxes.

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4 responses so far ↓

  • 1 Trevor @ Financial Nut // Mar 9, 2009 at 9:37 am

    I still can’t believe that Circuit City finally close their doors. Wow!

  • 2 Shawno // Mar 13, 2009 at 2:26 pm

    I’ve decided to start saving money by no longer paying my unsecured debts. That’s the advice I got over on Yahoo! Answers, anyway. And that site’s pretty reliable, from what I’ve heard. I mean, sure, that’ll destroy my credit. But credit won’t mean anything after the eventual collapse of western society.

    I’m sure you’d agree with this line of thought, David. I’m expecting to hear you fully endorse it on the next show.

  • 3 David // Mar 15, 2009 at 9:59 pm

    @ Trevor You know, it’s weird to see them close, but I’m not surprised. They just seemed to be having too many problems the last few years. My last purchase there was years ago. Best Buy got most of my recent business. They just seemed to have what I wanted at the right prices more often.

    Luckily, I do most of my shopping online so, I’m not so worried about the lack of competition we now have in my area. I’ve seen how that drives down the quality of service sometimes.

  • 4 David // Mar 15, 2009 at 10:01 pm

    @shawno LOL…I’m not sure I’d pick Yahoo! Answers as the best source of information, but I’ll definitely bring your comment up on the next show, which I’ll be recording tonight actually. I’ve been neglecting to bring up some of the comments on the show, so I’d better get to it, anyway.

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