Comments on: Quick Wins, Pareto, and Personal Finance

By: Sunday Morning Link Love - 12 Days of Christmas | I've Paid For This Twice Already...

Sun, 09 Dec 2007 14:54:47 +0000

[...] Quick Wins, Pareto, and Personal Finance. The graphs are super cool and the concept is even cooler. I learned a [...]

By: Weekend Roundup - Be Sure to Check Back Monday Edition | beingfrugal.net

Weekend Roundup - Be Sure to Check Back Monday Edition | beingfrugal.net — Sat, 08 Dec 2007 11:53:29 +0000

[...] Quick Wins, Pareto, and Personal Finance at Moolanomy [...]

By: Pinyo

Pinyo — Sat, 08 Dec 2007 04:33:47 +0000

@FinanceAndFat – Thank you for your compliment on the graph. Quick wins are great, especially when you are working with limited resources. Best of luck on your journey.

@Raymond – Thanks! I wish my mom will listen to me about the heat. I am practically sleeping naked even when it’s freezing outside. I am going to go check my windows now though, but I think they are drafty even when tightly shut.

@Mrs. Micah – Yeah, good point. I prefer maximizing money and pay off high interest first. But both methods work.

@Mrs. Quick Wins – Please say high to Mr. Pareto for me. I am glad you liked the diagram.

By: Elizabeth

Elizabeth — Fri, 07 Dec 2007 17:29:52 +0000

Wow! I can’t tell you what an eye-opener this post and diagram were! It explained something that had been niggling at my mind for a long time. My husband is all about the “big things.” But he’s prefectly suited to sit and figure out big things through to their conclusion. My personality couldn’t be more different. Now I see that he’s an ideal “Pareto” man while I’m a “Quick Win” woman. We’re perfectly suited for optimal efficiency. I’m going to show him your charts and concepts — I wouldn’t mind a little credit for the value of the skill set I bring to our union

By: Mrs. Micah

Mrs. Micah — Fri, 07 Dec 2007 16:32:12 +0000

I think that’s why Dave Ramsey sets his snowball up the way he does. He wants to get you hooked on the quick, easier wins so you’ll be willing to go the distance.

By: Money Blue Book

Money Blue Book — Fri, 07 Dec 2007 16:28:01 +0000

Good advice Moo-ster,
I think an effortless way to cut costs is to simply be efficient in home utility costs. No need to blast the heater when you can simply put on a sweater and a pair of socks.

Also I recommend checking all window latches to make sure they are all fastened. One winter a while ago I was wondering why my home was so drafty all winter until I discovered the top pane on one of my windows had been left slightly ajar all winter…duhh
-Raymond

By: FinanceAndFat

FinanceAndFat — Fri, 07 Dec 2007 15:59:37 +0000

That’s a great way to think about it and once again you have produced a wonderful graph to illustrate the point.

Personally, I’ve been focusing my time and energy on the low-benefit/low-effort quick wins. I find that coming from a situation of total financial disaster I have a large number of quick wins available and they quickly add up. I am seeing fast progress and that keeps me engaged in getting my finances in order.

Once I reach a point of stability I will begin to tackle the larger-effort wins.