Dominica Passport | Caribbean Recipes | Dominica Photos | Classified Ads | Search Jobs | Advertise here!

Experience Dominica – The Nature Island: Dominica Vacations | Exotic Vacations | Honeymoon Destination

Dominica weekly is a personal weblog about the nature island of Dominica.


During these tough economic times, more families need to economize and save. But cutting back everywhere isn’t always the best course.

Sure you’re cutting back to save money,but you and your family have to eat, house yourselves and stay healthy.

But once you’ve taken care of the essentials, financial experts say there are additional areas that require real investment, whether you are spending time or money.

The Wall Street Journal recently rounded up six places it pays to spend more cash, not less.

In a nutshell, the WSJ suggests it’s worth your money to:

1. Pay for expert advice.
2. Pay to bring down debt.
3. Pay yourself.
4. Pay for little indulgences.
5. Pay for some things you could do yourself.
6. Comparison shop.

Tips like paying for a little indulgences may sound a bit condescending, but even they can pay off big-time in the long run:

Indulging in the occasional guilty pleasure—a $4 latte, for example—can be a good idea when times are lean, says Erica Sandberg, author of “Expecting Money: The Essential Financial Plan for New and Growing Families.”

“It’s a very dreary existence when you cut down your expenses to an absolute skeletal budget,” Ms. Sandberg says. “If you do that too long, it’s like a diet, and you are going to raid the refrigerator.”

Be sure to take some time out to read WSJ article [Scrimp to Save More Than Money – via Consumerist] for a more in-dept explanation behind each expense – and while we’re on the topic to “Saving or Spending money” we’d love to hear what expenses you think are worth paying for in the midst of this global recession. Let’s hear what you’re to say in the comment.

Reblog this post [with Zemanta]

Share this Dominica article with your friends:

Facebook Twitter Google Buzz Google Bookmarks Digg Reddit delicious Technorati Slashdot Yahoo My Web

Tagged with: , , , ,

Related Post

I have a small cardboard box (piggy bank or cash-tin) that sits on my kitchen counter. Inside it is my pocket change from the last several months.

It seems like such a simple idea, but it can be quite powerful if you keep up with it. At the end of each day, I take that change and put it in the box, where it remains for a while. I usually let it build up for about 3-4 months period, which is when I usually stop by my bank branch anyway to do business. The day before I just count all my pocket change, bag them in the amounts specific by the bank and just deposit into my account. The last time I counted all my pocket change, I made a deposit for EC$87.25 into my savings account. From there, I usually transfer it into a high yield savings account that will earn interest on my accumulated change.

Every little bit helps and it takes almost no effort at all. On an average day, I have about 90 cents in pocket change; I used to have much more, but I started using up all the quarters to pay the bus to and from home. But with 90 cents everyday that means I usually have around twenty seven dollars in the jar at the end of each month, which often feels like “free money.”

It’s a simple and nearly effortless way to build up your personal savings.

Share this Dominica article with your friends:

Facebook Twitter Google Buzz Google Bookmarks Digg Reddit delicious Technorati Slashdot Yahoo My Web

Tagged with: , , , , , , ,

Related Post




Business Key Top Sites