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A Nice Girl changing her money profile

Last week I told you about my scores according to the test in Nice Girls Don’t Get Rich. I also told you what the verdict of the test was and that I did ‘get moving’ as instructed in no uncertain terms. What I didn’t tell you is what my reaction to the score was, what I discovered and where I am today. This is what I’ll do in this post.

I am an avid reader and until recently I, like most people around, read paper book. I hardly ever write on the book – for me this is disrespectful to the author of the book and to the book. I like my books in good condition, read but not shabby and used. Having this attitude, you may imagine what strength of emotion and speed of thinking can make me write in the margins of a book? Very strong! I have written in two books in my entire life – and this, as it happens is one of them. When I opened it last week to write the post I saw the following:

‘Tragedy!’ – written after the interpretation of the test results.

The Money Principle Brain Teasers

I am following several blogs on money and related matters; these are mainly American so not everything discussed is relevant to our British, or for that matter European, situation. Sometimes when I read on matters of personal finance, finance generally and finance management interesting questions pop out. So, I decided that these deserve a discussion here – they are brain teasers because answering or deciding on a side may involve some research, knowledge and certainly thinking. These do not go beyond what we usually do when faced with important and potentially life transforming choices.

The Money Principle brain teaser for this weekend is the following:

“Only the poorest and the richest can easily increase their income.”

Four ways to reduce spending on food

Over the last eighteen months we have managed to reduce our monthly expenditure on food by between one third and a half. It is anybody’s guess how much we used to spend before my records began. But in December 2009, the first month of records, we spent on food £548.98. Yes I know December is not exactly a usual month and that is why I am not going to be comparing it with any odd one, but with December 2010 – our spending on food was £353.40. All else was the same – four adults and one growing up lad (all sons back home for Christmas); Christmas dinner that if anything was nicer in 2010; and our customary New Year’s Eve party for our friends. During a normal month now we spend about £280 on three adults and a growing up lad. This was achieved by applying the following four rules.