PFHour #3 Recap
This week JD and Jim talked about finding balance in the things that you do. Much of the discussion revolved around finding a good balance between work and play but it later moved to talking about the Balanced Money Formula and how you can find balance in spending and saving. They reached the conclusion that the Balanced Money Formula, with all its percentages, was most valuable in establishing a framework in which you could spend and save responsibly.
We’d also like to thank Baker at Manvsdebt.com for having called and asked engaging questions each of the last three weeks. We like to think of ourselves as an interactive show and much thanks to Baker for being a part of it!
Posts of the Week
Jim’s post of the week is The Post That Never Was from Soul Shelter. It discusses a conversation Mark, one of the blog’s author, has with his remarkably eloquent 11-month old son about finding balance (and a living room tent). We
JD’s post of the week was a post on MoneyNing titled How We Prepared Ourselves for a 50% Pay Cut. It was a guest post from Steve of My Wife Quit Her Job and it discussed how Steve and his wife prepared themselves for a 50% pay cut when they learned they were pregnant. JD liked
Congratulations to Kathryn for correctly answering last week’s trivia question and winning a copy of Liz Pulliam Weston’s book, Your Credit Score: Your Money and What’s At Stake.
This week, the trivia question was for listeners to identify a household name that used to collect golf balls as a kid and sell them. As always, if you know the answer, please send it to trivia at personalfinancehour dot com and you’re entered to win the prize of the week!