05/05/14 9:28am
Be honest: can you REALLY afford that train?

Be honest: can you REALLY afford that train?

Financial advice columns continue to hammer away at us to ditch our credit cards and start paying down debt. But how do you get started when you’re already stretched thin?  Your rent is too damn high and by the time you’ve paid for cable, cell, Seamless, yoga and going out on the weekend you are all tapped out.

Unless you are willing to give up some of those things you associate with the cost of living – and I’m talking about more than just fancy (read: overpriced) coffees — you’ll remain a  caged hamster spinning round and round on your financial wheel forever. How do you break the cycle and start paying off debt and saving  — even just a little bit —for the future?

That’s the subject of my upcoming class at Brooklyn Brainery on June 21 “Money Management 101:  Living Within Your Means” And Brokelyn readers get first crack at enrolling before everyone else! It starts with getting real about what your basic monthly needs cost. Here are some of my tips you can start today: (more…)