You’ll Never Believe How Much I Saved … and How

     

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    • dc_1977

      I hate these slideshows, they rarely load correctly on my computer… I wish LearnVest would just do simple articles.

      • Courtney

        You should try it in List View, that’s what I do. Just click into the slide show and select “List View” at the top of the page.

    • Melinda

      Sharing on LinkedIn is horrible

    • JackieAU5

      Awesome story Roi had! Congrats to him and best of luck!

    • fran

      I tried List View, it didn’t work for me, either.

      • Debi Brown

        Try viewing it in Firefox. Mine never load in IE either.

    • j_may

      I guess none of these people have kids, therefore no daycare bill, which is like having another mortgage. :(

      • Jennifer Osborn

        Right?

      • Elizabeth

        I think you missed the point of this article. Each of these people found a way to save money that suited their unique lifestyle and circumstances. Try and find inspiration in their creativity and commitment to their goals.

    • PalB

      We are trying to implement #3 b/w us for the same goal as the Bradleys

    • bob

      Stealing is not a good way to save money.

    • Claire

      Love these types of articles. I don’t think people realize how much saving money is really within their control. In the past two years, I’ve gone from only saving $200 a month to $4500 a month with the same income. It requires dedication, focus, but most importantly awareness. Set up a Mint.com account. Find out your area of weakness. For me it was clothes and dining out. In the past year, I’ve stopped shopping altogether and also only dine out three times a week (I used to dine out two times a day). I also have the benefit of not having any debt except for my mortgage. No school debt because I got a full-ride scholarship and I have driven my 10 year old car since I’ve had it and have paid it off. I take public transportation on the week days, and I don’t ever travel. It’s doable. Yes my husband and I are DINKs but we’ve made a conscious effort to exponentially increase our salaries by making bold career moves, and we’ve decided to hold off on kids to grow our careers.

    • DisappointedSubscriber

      I feel like there is nothing on LearnVest that applies to me. I thought that these “normal savers” might have something, but I can’t identify with any of them.
      If I saved $1000 from my paycheck, it wouldn’t be half my salary, it would BE my salary. I already don’t have cable, or any other utility bills except internet.
      I have a single income, which doesn’t even come close to his wife’s $50k.
      I can’t really afford to buy supplies to create things to sell on Etsy, or I would. I love making things. Sometimes I get supplies to make soap or baskets for a gift. Yay!

      If I wanted to walk to the grocery store, it would be 12 miles down a mountain then 6 to town. Public transportation doesn’t exist here. So I have to have a vehicle and keep gas in it. On the plus side, I do literally live at work, so no commute.

      And Roi, go you! That’s an awesome story. I don’t think I’d call it normal or average, but I’m happy for him.

      The career articles, which are the main reason I joined, never have
      anything relevant. I have a state job; you *don’t* negotiate, which is mentioned in probably 1/4 of the articles I’ve read.
      Every article is like this. I just can’t relate to any of the authors. I’m not blaming LearnVest really, I’m just sad that I am apparently the exact opposite of their target audience, being a single college grad, from the rural south with a state job in a male dominated field.
      I guess I’m finally unsubscribing after nearly 2 years of trying, hoping to find some financial help.

      • Jennifer Osborn

        I totally know what you mean. My husband and I live in a rural area and have work in opposite directions, there is no public transit. We have childcare expenses and we are no where near some of the salaries cited in this article. I would like to read how people who are considered low-income or moderate income are able to save.

      • Amber Finkelstein

        Maybe the lesson here is that some of us in this bracket (State employee here, also!) need to write our stories and submit them.

        It sounds like Lauren is doing some things that might benefit the rest of us.

      • LVSquared

        You just described a very odd niche, but one in which you control things – college grad, rural south, state job – move from the mountain into town, use your college degree and do more to make moves in that state job. Increasing your income in order to save is also a possibility…I am a fan of Dave Ramsey as well, and he is not quite as nice as these articles. He’s more of a get your butt in gear type that lays it out there and tells it straight. Sometimes, that’s what’s needed.

        • Debi Brown

          Amen! If you change nothing, nothing changes!

        • DisappointedSubscriber

          I’m not complaining about my life; I’m saying that the situations these people have don’t sound “normal” to me. I realize I have a specific niche, but these articles don’t apply to most of the people I know. Cutting out cable is probably the only real piece of advice some people I know could use.

          LearnVest is advertised as a site for women to learn career and financial information. I merely commented that I am sad that it has been nearly useless for me the year and a half that I have been subscribed and that it is equally useless for most of the women I know.

          Women that live in the rural south need just as much help with their finances and getting out of debt as $50K/ year financial advisor living in NYC. I
          only commented about why I’m unsubscribing in the hope that maybe it
          will spark someone to say “You know, maybe I could write an article for
          people like that!”
          I love my job(great retirement, free house, absolutely crazy fun work) and for what I do, I’m as far up as it gets. I have savings; I’m paying off student loans. I just wanted a website that could give me ideas on how to perform better at work and teach me how investing works.

          So, I am a disappointed subscriber.

          • http://www.leeanna.me/ leeanna @ leeanna.me

            I agree. I have been subbed to this site for a few months, but haven’t found valuable advice. 99% of what’s posted is common sense, IMO.

          • Kristin Thomas

            I agree completely. I saw this article and was excited to see good ways to save money. It’s not helpful to hear from someone who’s wife makes $50k that they don’t need. If I had an extra income that I didn’t use OF COURSE I would be saving. I’m a little frustrated at this site as well. I keep coming back though because I am hopeful.

          • ksgirl73

            Agreed. I used to enjoy reading LV, but more and more I’m realizing that their articles cater to the high income New Yorkers and not those of us living in the rest of the world.

      • C.A.

        I agree that it would be great, and certainly make the site more appealing to me, if LearnVest strove for more diversity. While there is, of course, the underlying sentiment of “Work with your individual life and circumstances!”, it doesn’t negate how narrow the income/culture bracket that is usually focused on here is. I’ve found some helpful advice, but it can get discouraging to constantly have to go “Okay, so how do I adjust this to apply to someone who is making about a quarter of the money described here (and isn’t an entrepreneur)…?”

    • Claire

      Have you thought of visiting Mr Money Mustache? His forums have tons of people in your situation.

      Yes, I guess these are not common people… But you are in control of your destiny. You can move to seek better opportunities. Hell, my parents emigrated to find better opportunities for us.

    • Brianne Archer

      How does someone who earns $50K per year take home $2K per paycheck every two weeks? That math doesn’t add up even before you reduce for taxes, social security, and health insurance.

      • Lauren

        I make $65K per year and each paycheck is only $1600…

      • Jill Donaghy

        Exactly. I re-read that a few times and it still didn’t make sense.

        • Debi Brown

          I have to agree. Are you living at home with your parents? No car payment or insurance? Groceries? Utilities?

      • Guest

        She said she takes home $1000 per paycheck, not 2K.

        • Jill Donaghy

          She said she puts aside $1000 per paycheck in savings. She’d have to take home more than that.

          • ksgirl73

            She must not have any deductions for retirement or health coverage.

    • mara

      I want to save for a house like Deacon did..but my partner doesn’t make as much as his wife. We are starting to freelance to reach our goals…let’s see when we get there

    • Debi Brown

      I managed to pay off $17k in a little over a year and a half. I worked two jobs and sometimes three. And I stopped buying stuff! My cellphone plan expired, so I decided to save the $29.99 for a smartphone (amazing how much more time I have when just texting/talking is available!) and put that towards my debt; $60 for my gym membership; $358 car payment; cable $65; etc. Once you start chipping away at your debt with these amounts, it really starts to add up. I’ve almost brainwashed myself because now I love to see how much I can save instead of spend!

    • RestlessAntics

      #1 is silly. Why would you save up money to pay off credit card and student loan debt, when that money should just be funneled to pay off the debt directly? Those six months that the money sit in her account as she “saves” allows interest to build up on her debt.

    • papillon

      How do you start a carpet cleaning company with $80?

      • thirdtime

        You buy a carpet cleaner and start advertising. My brother did it many years ago. I also started a newspaper in 1995 for $50, using my computer and purchasing some publishing software, and I still publish the paper today (only now I have employees). People never believe me when I tell them I started my business with $50 and had zero experience in publishing, but it’s true. There are business opportunities everywhere and a lot of them don’t require much money to start, if you are willing to take a leap.

    • Amy

      As a self employed entertainer/business owner/agent in a downed economy, there is really nothing left to cut out of my life unless I move into a cardboard box…. I need help!