The well respected Jonathan Clements is not in a good mood and when he is not in a good mood, he dishes some advice that may sound questionable. To be fair I think I agree with all of them. Perhaps except this:
Don’t budget. It’s a tedious exercise favored by nerdy individuals. Instead, make sure you save enough every month. Do that, and there is no need to budget.
This basically smacks the engineers in the face. To be fair, I do agree. There are many folks who cannot stand to budget, and lament its too much work. To all those, this advice is good.
But I felt that there is something you would not be able to gain if you don’t do this nerdy stuff.
I wonder how many felt the same way.
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momo
Tuesday 26th of August 2014
Hi drizzt. I shall just post it here as it is your latest blog post. Hope you can create a new blog post on this.
Sorry if im late. The board lot size of SPDR STI ETF will be reduced to 100 units. Yes! http://www.sgx.com/wps/portal/sgxweb/home/faqs#Reduction-of-Board-Lot-Size
Kyith
Tuesday 26th of August 2014
Thanks momo. Seems this is inline with the 2015 100 units lot size
Jacques
Tuesday 26th of August 2014
Budgeting in excel shouldn't take more than 30mn a week. Budgeting with Mint (available in the US) takes even less. It's not too much work. It's just uncomfortable to some.
Kyith
Tuesday 26th of August 2014
Hey Jacques,
Too right, after I do it. But really. I manage to only convert one lady to do that,and she does it every day.
Think Jonathan's idea is that it is not useful to spend this amount of time to do it at all