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Friday, November 21, 2008

Want to Find Advice on How to Live in Tough Times? The New York Times Presents EconoWhiner.com

www.econowhiner.com is a blog that gives advice on how to live in tough economic times. The whiner has to develop a budget to take control of the expenditure. "Do some thinking about how you work best. Not only is there no one-size-fits-all approach that works for everyone, it’s a pretty good bet that the only approach that’s going to work for you is one that matches your mood swings, personal priorities, spending habits, and more.

If The Whiner needed to record every single expenditure, every single day, in order to develop a budget and then figure out how to live within that budget (as many financial advisors recommend), it’s fair to say that we would take a flying leap off the roof. On the other hand, some people really love to put it down on paper every time they spend a buck on a pack of gum. (We don’t know those people and we’re not sure that we want to."

The Whiner also wrote about the types of friends who may be busting your finances. So the solution encouraged by the site is to dump your friends to save your finances.

Here is a sample of the types of spenders who are out there. You can find out more at www.econowhiner.com. Here is a sample: "Competitive spenders. They’re the ones who define their personal worth by their net worth (or, if they’re really in denial, whatever it is that they’re pretending their net worth is at the moment). Unless you’re comfortable ignoring the competition, move on.
Compulsive spenders. Yes, they’re probably going to end up broke. But that’s no reason why you have to, too.
Over-the-top spenders. When you’re in the burger-and-fries budget category, don’t hang out with someone who’s going to order the Kobe steak and then expect you to split the bill. And remember, everything’s relative in this economy: If the local burger dive’s out of your league, your best bet is to stay home."

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