I was interested myself. A few wealth creation seminars I've been to have recommended that process for that reason, but they were years ago and I couldn't remember if they did figures or just advice.
Benny makes a good point too. It can be interesting considering the optimal way to do things, but we should consider lifestyle too. Now some people might be in a situation where they really need to focus on the absolute optimum way to get in control of their finances, but a lot of people just need to tweak their lifestyle balance a bit. Do you really want to be rich in retirement if it means you don't enjoy the 40 years it takes you to get there? On the other hand, most people go too far the other way, and spend not only all their income, but their future income satisfying lifestyle choices for today. I think most people should be about finding the right balance. So a lot of it is about choices.
- Dinner at home v's restaurants?
- DVDs v's the theatre?
- Quality/Quantity of wine?
- Cost of various hobbies?
- Income v's study?
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Originally Posted by bjsaust
