The key is to keep tweaking your own system to make it run smoothly. Don’t spend too much time on it though, or you’ll be missing the point. Once the system is in place, all you should do is to find additional stream of income and do the same thing all over again! And that’s where the hard part comes in :)

Just came across your blog on personal money management, and it’s brilliant! Informative, informal yet solid. I like the way you used case studies and studied your own experimentation on yourself and your money habits, to share with your readers.

I think I came from another blog, either Micheal’s or Erica.biz but I think I’ll stay around longer with you. Personal finance management is one of my personal areas that I’ve been beefing up like you, setting systems in place to automate that is good, and using the 80/20 rule to get rid of the useless or not so important stuff. You’re spot on!

I’m focussed more on maximizing ourselves and entrepreneurship, but I do touch on personal finance as well.

Keep up the great work Ken.

Nigel

Just checked out your site, I really like your insights from your career at Microsoft! And
thanks for hanging out here.

As for the ridiculously low interest (trust me I hate it), I’d suggest you to invest the money instead of putting it into a savings account, unless you’re saving for something like a wedding or vacation. In fact that’s what I did.

Along the same line, DON’T cut down on the things you love. You should cut down the things that you’re overspending on, stuffs you don’t really have to spend extra on to be happy. For example, I love eating out, but I don’t have to spend 50 bucks every time. Even if I spend like 30 bucks for a dinner, I’m equally happy because of the experience with friends and the good food. You gotta figure out what’s really important to you (takes some soul searching sometimes!).

Thanks for sharing Kunal, have a good weekend there!

Are we too focused on how to cut our expenses, that we completely miss out on how to maximize savings?

I mean, really, with interest rates ridiculously low, I’m making “pennies” in interest … is this worth the sacrifice for giving up an expense that makes me happy?

Should you also be looking at the other side of the coin, how to push our savings and investments to the next level?

Just two cents.

Thanks!

Kunal Kalsani

KISS is a great way to go, and it definitely works for you. But quite a lot of people just leave it to their guts and spend on unimportant stuffs when they should really be spending on more important stuffs in their lives.

This technique is really for those who know they should be doing something about their overspending problems but don’t know how. And they probably can’t trust their universe either! And the really hard part is the impulsive instinct to buy stuffs, not the system itself.

Thanks for sharing man!