How's Your Attitude - A Prescription for Perspective

A Prescription for Perspective


We are bombarded with messages that say we must have the latest and greatest “WhatChaMaCallIt” out there. And that we’ve got to dress or look like everyone else or we’ll miss something great. Stop looking at what everyone else appears to have — the truth is, much of it is on payments and those payments are crushing the life out of them.

Realizing how much we already have and how rich we are in relationships brings the greatest sense of peace and rest.

Honestly, we do struggle with this once in a while. It's usually when were going through a tough time  . . . like a couple of years ago when one of our kids had four knee surgeries. We were all really discouraged, and it was really hard to watch her pain and try to see the bright side. But we were able to get through that tough year with the help of friends, family and our faith in God, and we saw many blessings as a result of this struggle too. Our daughter met her husband as she was recovering from her last surgery. We've also met some awesome people (doctors, nurses and new friends) who have come along side our daughter and us to encourage and support. The bright side is that we have a great network of friends and family. (Cloud Image courtesy of khunaspix/

And we've made lists of things we're grateful for, and honestly, making the lists was such a wonderful prescription for perspective that Annette started a Thankful Book that we write in a couple of times each week during dinner.
Here are five things you can do to help cultivate an attitude of gratefulness:

  1. Write a quick list of the things you are thankful for.
  2. Write a note or email, to a friend who gave you a gift.
  3. Call an old friend and get together to recall “the good old days.”
  4. Go outside at night and look at the stars.
  5. Take a look at all you do have and say a prayer of thanksgiving (we really do have a lot).

Try this for perspective: 
Public relations expert Robert L. Dilenschneider sent out a letter to his clients, where he encouraged them to have a more accepting and understanding view of people from different backgrounds. His numbers are not completely accurate, but they illustrate that we have much to be thankful for.
If we could shrink the whole earth’s population to a village of precisely 100 people, with all the existing human ratios remaining the same, it would look like this:

  • 59% of the wealth would be in the hands of only 6 people and all six would be citizens of the US
  • 80 would live in substandard housing
  • 70 would be unable to read
  • 50 would suffer from malnutrition
  • 1 would be near death
  • 1 would be near birth
  • 1 would have a college education
  • 1 would own a computer

The Atlantic - How to build a happier brainA Happy Brain? 

Steve recently read this article from Atlantic Magazine: How to Build a Happier Brain. The take-away was, that while bad things will happen in life, and we will spend time thinking about them — we need to also force ourselves to take time to appreciate the hundreds of good things that happen too. We actually need to savor a sunset, a delicious bite of dessert, a friendly smile or a kind driver who allowed us to change lanes. Rehearsing those good things, taking time to dwell on them, creates positive pathways in our brain and will help us enjoy life more. Read the article and see if you take away the same things we did.

If you have a moment, we'd love to hear a couple of the little things happened to you today that you're thankful for! 

Stop Debt Slavery in America

We are very concerned about the accumulation of debt in American households. The levels of consumer debt, student loans and mortgage debt are crippling our economy and our families. It is self-imposed slavery.

Slavery was a scourge to humanity for thousands of years. According to statistics we found, between the years of 1600 and 1800 more than 26 million Africans we're enslaved and sold during the slave trade. These people were brutally captured and taken away from their countries, homes and families, by force, by evil men who's only motive was making money.

Today self-imposed slavery to debt results in the same issues. More than 77 million people have debts that are in collections. Men and women are having their lifestyles changed: losing homes, cars and families to the "Masters" they have chosen to become enslaved to. And these masters willingly lend money to us knowing, especially in the case of student loans, that the lender is protected by law and cannot lose. They will get their money back, with interest and penalties. This type of slavery is much less brutal and violent, and it is legally protected, but it is heart wrenching and destructive to families just the same.

Once we start down the path of borrowing, rather than living on what we earn, it's hard to stop the accumulation of more and more debt. Why? Because as long as loaned money is made available to us, there will always be marketers presenting more and more enticing products and services that we "must" have.

The only way to stop the borrowing is to change our mindset. Living on what we have is challenging, but as we work at it, it becomes an awesome, fun and addictive game. There are always deals, discounts and sales waiting to be had.

Remember that whenever you have a need, there will always be someone who has the very item you want and desperately wants to get rid of it. Find that person and you'll find a deal. We've done it with clothes, cars, furniture, surround sound systems and houses! It doesn't matter what you need, if you're patient and you have cash, you'll find a deal.

Borrowed Money is Self-Imposed Slavery.

Earned, saved and carefully spent money is Freedom.

What can you do this month to become Financially Free?

We received this infographic from Allstate this week. Take a minute and study it. What would happen to our economy if all of the money being paid to lenders in interest was available to be invested, saved or spent by consumers?

Our Economy would Flourish!!!!

budget, debt, planning, categories, dave, ramsey, economides, america's Cheapest family, moneysmart

Planning for Miscellaneous Spending?


How do you budget the household misc items you buy at Walmart or Dollar General? Things like light bulbs, paper towels, bathroom cleaner, batteries, new spatula, a plastic basket to hold stuff under the sink, a new Sippee cup for my granddaughter, etc? These things are not food but they are in my cart when I buy groceries and I never quite know which category to put them in. Thanks for your help!!!


We put miscellaneous expense items into a named budget category: Cleaning products come out of our Food account; a plastic bucket would come out of our Home Repair or Clothing accounts, and the Sippee cup would also come out of clothes. It really doesn't matter where you take it from, just that you are consistent, and that it makes sense to you. Many household items come out of our clothing account because we can get our clothes for so little at thrift and consignment stores, that we always have extra money in that account.

If you’re constantly buying things for your granddaughter, perhaps consider making a budget category for purchases for her or for all of your grandchildren.

When we reconcile our budget twice each month, expenses like this are split between two categories, with some coming out of the Food account and the rest coming out of Home Repair. The best way to remember is to make a note in either your checkbook register or on the receipt at the time of purchase—or ring up the miscellaneous items separately, then record it in your checkbook.

This is the way we've done it from day-one of our marriage and it has worked great. You can learn more about the system we use here.
Remember that budgeting isn't about being CHEAP, but it is about being INTENTIONAL! 

We recently did a TV spot about the power of budgeting.

garage sale, rummage sales, tag sale

7 Reasons We Love Buying Used Stuff


  • There are more than 200 million items listed on eBay at any given time and each day more than 3 million of those items are sold. Many of those items are used or manufacturer refurbished products.
  • There are 40 million classified ads placed on CraigsList’s 700 sites each month. Millions of those ads are to sell used items.
  • Any given week there are more than 165,000 garage sales in the U.S. with more than 690,000 of us making purchases.   More than 4 million dollars are spent each week purchasing used items at garage sales.
  • There are more than 25,000 resale, consignment, and Not-For-Profit resale shops in the United States, generating an estimated $13 billion in revenue annually.

Seven Reasons Why We Like Buying Used

1) It costs less—Plain and simple. Retailers have to make a profit, someone selling an unwanted item doesn’t. A re-seller also realizes that they won’t get retail value for their item, and usually this person has no need for the item anymore—it’s just taking up physical and mental space. Consequently, they’ll gladly accept less for it.

2) It works fine. Think about it – does a used book read just as well as a new one? You bet. Does a used bicycle ride as well as a new one . . . most likely. Sure, it may need a few adjustments or new parts, but it will ride just as well. How about a used car? If you’re careful and have a good mechanic check it out for you, you’ll likely save a boodle and enjoy the ride just as much as if it were brand new.

3) Depreciation. We’ve all heard that a new car loses value as soon as you drive it off the lot. That’s depreciation. But what if you buy a used car—is there instant depreciation? Not as much, if there is any at all. Your used car will hold its value better (more about this in a minute).

What are you worth? Did you realize that your Net Worth is in large part the value of your used stuff? To calculate your net worth you add up all of your bank accounts, investments, IRAs and 401ks, and then figure the estate sale value of your other possessions (cars, furniture, jewelry, musical instruments, artwork, clothes, etc). You calculate the used value of your stuff. If I come to an estate sale to buy a Kitchen Aid Mixer, it won’t be selling for its retail price: it’ll be selling for 50 to 90 percent of retail. It will be worth its depreciated value. 

Two recent examples:

A) Becky’s truck. Our daughter Becky saved for several years and finally purchased the truck of her dreams in 2009. She paid $11,500 cash for a gently used Toyota Tacoma with 70,000 miles on it. In December of 2012 Becky had just purchased a 2007 Tacoma (4x4). She listed her 2003 Tacoma on CraigsList and sold it in 3 days for . . . watch this . . . $12,000 – it had 90,000 miles on it. She drove her truck for 3 years and sold it for $500 more than she paid! That’s reverse depreciation—her used truck APPRECIATED!

B) Steve’s Back. Last year Steve was working through some lower back pain and was told that an inversion table would help bring some relief. He found a gently used Teeter Inversion Table on CraigsList for $60 (delivered). For three months he did chiropractor prescribed exercises and used the inversion table. When he was feeling better we decided the inversion table needed to go (it took up too much space in our family room). We researched comparable models on CraigsList and listed ours for $100. It sold in two days! 

Remember we mentioned buying a used Kitchen Aide mixer a minute ago: we did find one at a thrift store a couple of years ago and bought it for $20. Steve bought a couple of needed parts for it ($10). If we wanted to sell it, we could easily get $60 to $80 for it, but we're saving it for our daughter Becky when she gets married some day.

We are beating the depreciation rule by buying used.

4) Less Clutter. Buying used clears unnecessary items from someone else’s house or business and puts cash in their hands.

5) No Tax. When buying from an individual there is usually no sales tax. In Arizona it saves us almost 9% (even on used cars!!!)

6) Environmental issues. Buying used is better for the environment. No additional fossil fuels are used in manufacturing or delivering another item around the country. And the unwanted item is used by us rather than ending up in a landfill.

7) Bugs. Buying older technology or other items allows time for the manufacturers to work out or identify “bugs”.  Knowing the shortcomings or things that need to be fixed with an item saves you time and headaches, not to mention hours on hold with tech support. Let someone else get the recall notices or do the upgrades – you get to plug and play!

Being a careful researcher and a smart shopper can garner you excellent working, gently used, products at a fraction of the retail price.

Bottom line – we love buying used items: Cars, Computers, Cell Phones, Clothes and loads of other things that don’t begin with the letter C, because they Cost us less and cause us to have more Cash in the bank. C what we mean?

What have you bought used and later sold for a profit? Post your comments below so we all can cheer with you.

Managing Household Finances with America's Cheapest FamilyAmericas Cheapest Family Gets You Right on the MoneyIn our NY Times Best Selling Book, America's Cheapest Family Gets You Right on the Money, we write about how we save money on everything from groceries to houses, cars to kids and everything in between. We also share many of these same ideas in our instant download audio seminar Managing Household Finances with America's Cheapest Family.




If you love saving money, visit our friends at - they hate paying retail almost as much as we do! Their website if full of thousands of discount codes, a forum where you can share your latest killer deal and a blog that is full of money-saving advice! Steve (along with more than 35k others) follows them on Read More...

left-overs at lunch

$35,000 for Lunch?

Buying lunch at work can be an expensive proposition. Do some simple math. Assuming I spend an average of $10 for a lunch at work five days each week. I know, some will say, "only $10," and others will say, "why not eat at McDonalds from the dollar menu." Either way, let's just make this assumption.

     At $10 per day x 5 days per week ($50 per week)


     50 weeks per year (assuming 2 weeks of vacation)
     where you would be spending money on meals from your vacation budget.

Eating lunch out at work could cost you $2500 each year!

If you brought a brown bag lunch (or in Steve's case, he carried a blue mini-cooler) of left-overs for lunch every other day you would be able to bank $1250.

Steve brought his lunch to work almost every day for more than 20 years - it was one of the ways we conserved cash to pay off our homes in record time. Our total calculated savings over that time period was about $35,000 (at $7 per day x 5 days per week x 50 weeks x 20 years). Okay, there were a few days when he bought lunch our took clients out to lunch so lets subtract 100 days at $7 or $700.

Total Savings $34,300.

Bottom Line: Cook a little extra and pack up the savings. We wrote about several ways to save on school and business lunches in our book "Cut Your Grocery Bill in Half" on pages 36 - 40.

Photo Credit: Free Digital Images _ moggara12



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