September 2006

Emotional Financing

September 30, 2006

I’d like to address one of those annoying realities of dealing with personal finance. That is, we are far too often driven by our emotions when makes decisions that impact our bottom line.I’ve been reminded of this recently due to several issues that we’ve been faced with: 1) Fixing my wedding ring. We bought a [...]

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Best of the PF Net

September 29, 2006

Hi All, I’m busy taking care of business, but I wanted to highlight a couple interesting links for you. First, you might want check out an academic article on saving and retirement by Steven Venti and David Wise. The writing isn’t that stellar, but their paper has some powerful insight. What Venti and Wise did [...]

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Putting $70,000 into Prosper.com

September 28, 2006

Sometimes pressing problems require radical solutions. If you’ve been reading our blog, you’ll have gathered that my wife and I are running a monthly deficit of $1,800. This is a LOT of money and if the situation continues, it will put us in dire financial straits. As part of the solution, we’re doing the following: [...]

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Bring on the Money!

September 27, 2006

Okay readers, just for laughs, I had to post this! I received this from a friend today and figured that posting it on our blog I’d be certain to reach the most people and be rich immediately! The same goes for you! Send people to our blog and they’ll be rich! At least they might [...]

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School Funding Action Plan

September 27, 2006

As our regular readers know, we are continually working on ways to maximize our revenues and minimize our expenditures. It turns out that education is an expensive habit to feed. With both of us in graduate school, and only one of us working, that leaves us with considerable challenges to making ends meet. We got [...]

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Our budget is $1,800 in the red

September 26, 2006

When Miel and I did our monthly budgets back in May, we failed to fully consider the impact that grad school would have on our income. This is starting to hurt us. On reevaluation it turns out that our budget, which we initially thought was balanced, is actually $1,800 in the red. Yep, that’s right, [...]

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An Interesting Idea

September 25, 2006

Last week, we blogged about inexpensive land in West Texas. Even though the land is basically economically worthless, an interesting business idea did occur to me. The main idea would be to purchase a block of desert land, subdivide it into small blocks (say 1/4 acre) and market the small plots as a novelty or [...]

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Paying for Graduate School

September 23, 2006

…is not easy. If you’re a frequent reader of DINKS finance you’ve probably known by now that my wife and I are both full time students. Miel is working on an MA in management and I’m a doctoral student. Graduate school, when done properly, is a full time effort. However, the cost going to school [...]

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Land for $200.00 an acre?

September 22, 2006

In my never ending search for good deals on the internet, I was messing around on Ebay last night. Lo and Behold, I found some super deals on land in West Texas! For example, some realtors are asking $1,400 for 5 acres of land and $6,000 for 20 acres. Thats really cheap! To be quite [...]

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Studying, Studying, Studying…

September 20, 2006

Hi All, We’re both up to our ears in academics, so we don’t have a new, fresh and exciting substantive post for you tonight. In the meantime, you might want to check out J.D’s posting on saving v. making money. Its not an earth shattering revelation, but nonetheless an important reminder worth reading. Best, James

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