Comments on: Living on a per diem http://mattblair.ca/2009/05/29/living-on-a-per-diem/ Toronto creative classer and family man Mon, 19 Aug 2013 13:49:16 +0000 hourly 1 https://wordpress.org/?v=3.6 By: Matt http://mattblair.ca/2009/05/29/living-on-a-per-diem/#comment-739 Matt Thu, 04 Jun 2009 08:50:01 +0000 http://www.mattblair.ca/?p=157#comment-739 Good points all around, Grom. Interest isn’t an issue in my case; not only is the money coming out of a no-interest chequing account, but the surplus is going into a savings account, so I’m actually saving up more money faster than I otherwise would.

Classifying expenses is an important first step in this exercise, and the real value of doing this for a month is coming from physically seeing how much I spend on what sorts of things after the fixed expenses are covered. Like I say, I’m a non-math guy, and I’ve found it helpful to see it in real terms.

Having all the cash on hand is admittedly a bit of a hassle. It’s kind of fun to start the day by giving yourself some money, but I think the novelty might wear off by the end of the month.

]]> By: Grom http://mattblair.ca/2009/05/29/living-on-a-per-diem/#comment-370 Grom Thu, 04 Jun 2009 05:50:54 +0000 http://www.mattblair.ca/?p=157#comment-370 It’s an easy plan but you can do the same on a piece of paper and don’t have to have a lot of cash on hand or in your wallet. Just write down your expenses and classify them in categories. That way you get a lot more insight in your spending then just budgetting. Your also missing out on some interest(=i) probably. After one month all that remains in your wallet(=x) could have earned you: x*i^(1/12).

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