MyMint interview, I should stop eating out

  • April 9th, 2007

Have you ever caught yourself questioning a purchase at the cash register – the energy drink, the triple shot, a new piece of hardware, or a new article of clothing? I know I have. Unfortunately, the disciplined side of me – the side which decides whether or not I should make a purchase – was not as outspoken during previous years. Rather than questioning the long-term advantages of a purchase, I would live for the moment. Even now, from time-to-time, I crumble and find myself spending $3 on a coffee when the honest truth is that I probably don’t need it.

Many other young individuals face the same types of challenges regarding decisions and overall financial management. Analyzing and understanding your expenditures is the first step in gaining better control of your finances. MyMint hopes to improve your finances by providing an online tool designed to help you save money. By analyzing your habits, MyMint hopes to provide specific ways you can save money.

Noah of MyMint recently interviewed me, the results of which can be found on the MyMint blog: Personal Finance Interview with Derek Punsalan of Answering the questions helped me realize some of the faults, or areas that I would benefit from improving. Mainly, my continued efforts to minimize expenses on anything considered to be "non-essential" in my life – frivolities or excessive entertainment related expenditures.

I invite you to visit the MyMint blog which offers general financial tips as well as additional interviews including: Trent of, Lazy of, Devin Reams of, Joel Mueller of, Cap of Aaron Patzer of, and Paul Stamatiou of All worthy reads if you’re interested in knowing how other bloggers manage their finances.

What’s in your wallet, and how do you pinch pennies?

What's in your wallet?

I try to keep my wallet thin – a few misc. cards, cash, and ID. Click through to see the bento box on Flickr

Aside from a few business cards, a bank card, drivers license, Metro pass, and a little cash (usually $10), the wallet contents are at a minimum. Ideally, the best route is to carry a minimum amount of cash limiting your spending for the day. However, there are some scenarios when an actual debit / credit card is more appropriate. If carrying a limited amount of cash is not an option, limit the funds in your debit account (moving amounts to other accounts). What are you doing to limit your daily spending?