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    Discretionary Dollar Saving

    Saving is essential to every aspect of personal finance. We all know what to do, we just have a hard time doing it. Here you will find a collection of ideas, some hard and some easy on helping you attain your savings goal.

    Funding your Fund

    Tuesday, December 1st, 2009 at 3:44 AM

    So you are ready to start funding your replacement fund. Now what?

    Finding Items to Shed
    Here are a few ways to surface and identify items that you can sell.

    1. Inventory Your Emotional Baggage
    What item would you never dream of selling? Are you held back by emotional reasons? What are these emotions costing you? Now of course there are things worth keeping simply for emotional sake, but what if it is something you know you will never actually use again? Can you justify having this item take up space in your life? Maybe you can, maybe you can’t.

    One way to let go, is to take a photo of the item with sentimental value. Take 10 photos if that helps. Save the photos somewhere safe, and shed that item. Next time you feel like bringing back those memories, view the photos. You will find you get nearly the same emotional reaction to a set of photos, as the actual item. Not to mention, photos are a lot easier to organize, backup and save!

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    What is a Replacement Fund?

    Monday, November 30th, 2009 at 3:18 AM

    My wife and I started developing the replacement fund idea right before we started packing for our last move. As do many couples, we seemed to have a lot of things, that we either didn’t use, or only used a handful of times. As we started to pack we starting dreading packing, moving and unpacking all these things we rarely even used. We wondered why we had all this “stuff”.

    Now let me just say, we live lightly. Most of our friends and family have far more “things” in their lives. My point? If we can benefit from using a replacement fund there is no doubt most of us could!

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