Comments on: Make More Money or Live More Frugally? What’s Your Preference?

By: Lynnae

Lynnae — Mon, 17 Sep 2007 03:26:28 +0000

I totally agree with you, Jennifer. Making more money doesn’t help if you don’t change your habits first.

By: Jennifer

Jennifer — Mon, 17 Sep 2007 02:24:36 +0000

Interesting. We just moved, DH has a higher paying job. Once you buy a bigger house, pay more for car insurance (bigger city=higher rates) more for utilities to run your bigger house, and higher taxes in another state…we are really having to live on less, even though he’s making more. And I quit my job to make the move, with intentions to be a SAHM again. I’m all for making more money, but I’d like to do it once we get in really great frugal habits. Our lifestyle won’t change on more $ when it happens, but we will be pumping up the retirement & college funds for the kids, putting sweat equity into finishing our basement, etc.

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Wed, 12 Sep 2007 11:02:55 +0000

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By: Erin

Erin — Wed, 05 Sep 2007 14:26:53 +0000

I would choose both! I could make more money, but if I stopped being frugal then the results would be the same. Make more, but I would spend more too. I’d rather make more, and still spend less.

By: come clean

come clean — Tue, 04 Sep 2007 22:42:47 +0000

Both should be issues that everyone should be striving for at all times in my opinion. Frugal, at least in my opinion, does not mean going without – only going without those things that you don’t use or are not a good use of your money. And everyone should be improving themselves which should lead to higher income in the future.

By: Lynnae

Lynnae — Tue, 04 Sep 2007 21:31:55 +0000

Thanks for weighing in, everyone! It’s nice to hear different perspectives! In a perfect world, I’d go for Plonkee’s suggestion.

And Brian, go ahead and use my post. I can take the heat. :)

By: Brian

Brian — Tue, 04 Sep 2007 19:52:53 +0000

I don’t think the two are mutually exclusive. You can find ways to increase your income that are either passive or require little time. For instance, you may use your blog as a nice income generator with a flexible schedule. At the same time, you can continue to live a frugal, disciplined life.

I’ve been wanting to write a similar post to this for some time (leaning towards income generation). Maybe I’ll use your post as my basis and we can start a JLP/trent style flame war. (for those who are familiar with them)

By: plonkee

plonkee — Tue, 04 Sep 2007 19:18:55 +0000

I’d prefer to have my income raise for no work, then I could indulge in some budgeted lifestyle inflation. I don’t however, want to work harder than I do now.