Comments on: The 7 Deadly Sins of Personal Finance

By: RJ

RJ — Mon, 18 Jan 2010 21:54:45 +0000

Great point Anastasia. Thanks for the excellent comment.

You have to make personal finance, very personal. What works for me willn’t work for everyone else.

By: Anastasia

Anastasia — Mon, 18 Jan 2010 14:04:50 +0000

what works for one person would not work for another. some people hate creating and following an action plan (and there is a whole psychological theory behind different types, MBTI) – so for those who can’t/aka don’t want to have an action plan with timelines and goals there must be a different advice.
I would have thought of something like – meet up with a friend to talk about how you are keeping to your budget (so your friend becomes the action plan on track checker) but of cause it still requires that you stick to your budget on the day to day basis it just removes the “let’s plan for it and let’s pencil it into the calendar)
Anastasia´s last blog ..100 Years of Spending in Pictures

By: Anastasia

Anastasia — Mon, 18 Jan 2010 13:59:20 +0000

R.J., I really like this post!:-) I personally would add more flesh around the implications or offer a step in the “right direction” … that R.J., I really like this post!:-) I personally would add more flesh around the implications or offer a step in the “right direction” …

that said, I am not sure what those “right steps” would be as it is quite a difficult topic, our spending habits are more than just an irrational action grounded in an ill-judgment or laziness.

It has a lot to do with our self-esteem, addiction behaviour and lack of basic financial education
Anastasia´s last blog ..100 Years of Spending in Pictures

By: RJ

RJ — Fri, 15 Jan 2010 18:02:24 +0000

Agree Ken. There are plenty of more sins. Spending your money you don’t have, is a big one.

By: RJ

RJ — Fri, 15 Jan 2010 18:01:16 +0000

Implement habits and don’t break them. For example, tell yourself you will review the budget every Friday and stick to it.

By: RJ

RJ — Thu, 14 Jan 2010 22:27:04 +0000

Thanks Joel. When I was making out the list, I could imagine going a different direction on a few of them. Thanks for your input.

By: uberVU - social comments

uberVU - social comments — Thu, 14 Jan 2010 00:02:15 +0000

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By: Josh

Josh — Wed, 13 Jan 2010 23:18:44 +0000

The sloth one fits me well. What are some ways to overcome that procrastination attitude when dealing with personal finance?
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By: Joel

Joel — Wed, 13 Jan 2010 20:37:39 +0000

I see Lust more as the desire for more stuff. Think about how much money you’d have if you’d saved or invested your money instead of buying that Mini-Disc player.
Joel´s last blog ..Cruel to Be Kindle: What Are the Best E-Readers?

By: George

George — Wed, 13 Jan 2010 20:24:24 +0000

Great ideas. I think we can all be much happier by avoiding the 7 Deadly Sins!
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