Where do You Spend Your Time and Money?

Not surprisingly, many people spend lots of money on "E"... education, entertainment, eating, enjoying, earning, etc. Recently I came across a friend spending quite a bit of money on a personal coach, and another friend spending time recruiting others to join a financial investment group. Whatever happended to plain food, shelter, and clothing? Do we all have enough money saved up (our balance sheet) to ensure sufficient basic needs should something happen to our income?

Most don't think about retirement until retirement is here. This can be an ugly transition if not enough is saved up. With the economy still fragile, more and more articles on retirement and savings have popped up lately, including this WSJ article: http://online.wsj.com/article/SB126912089798665247.html?mod=WSJ_RetirementPl

I smiled when I checked my numbers as they appear to be on-track for retirement (assuming I keep working and saving), then frowned when I realized that I had to divide the number by two to account for both my husband and I... and subtract more if and when we have children.

Friends, before you make the next big purchase, or spend a large chunk of your time doing something, check your numbers and see if you still want to go ahead.