Browsing Tag

frugal tips

General

Starting The New Year Off Right

Well, it’s 2012 finally. The planets are aligning in a way that will disrupt the electromagnetic orientation of the Earth and destroy life as we know it. At least that’s what the Mayans predicted when they ended their vaunted calendar later this year. But one thing the Mayans didn’t have insight into is your financial status this fall. There is no calendar for that because it’s a constantly fluctuating variable. The Mayans also didn’t have insurance quotes, title loans, low interest credit cards, or any other relevant financial advice. So, to pick up the slack, here are some personal finance tips to help you start the new year off right:

Get started with your taxes now, while you’re sane. They’re coming, as assuredly as death. The Taxman lurks around the corner this time of year, waiting for his spring offensive. If you know you’ve got your work cut out for you fending off the IRS, you should get started now. Not only will you spare yourself the cost of hiring a professional tax filing service, you’re more likely to get money back off remembered deductions.

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Book Reviews

The New Frugality – Book Review

The New Frugality: How To Consume Less, Save More, and Live Better by Chris Farrell

The New Frugality is an easy to follow personal finance book that is written specifically for Americans.   The author provides some real insight on what is happening today and he suggests that Americans are definitely changing their behaviors toward money. Rather than spending recklessly and borrowing more than they can afford to pay back, he believes Americans are getting back on the right track and becoming more financially responsible.  He calls this change “the New Frugality”.

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General

Is It Possible To Be Too Frugal?

There is nothing wrong with being frugal, at least to a point, but is there ever a time when people can go just a little too far in trying to save their pennies?

When I was a university student I was extremely frugal.  I only took the bus when absolutely necessary and whenever possible I would ride my bike or walk to my destinations.  I bought the bare minimum food that I needed and always bought the cheapest of everything.  I bought my clothes at thrift stores when I had to, but seldom bought anything for myself other than absolute necessities.  My goal was to reduce the amount of student loans I would need.  My lifestyle paid off, but some people might consider my style as too frugal.

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Money Saving Tips

Read Books For Free And Sell Books You Do Not Need

Books can be really expensive, but the knowledge we can gain from them is sometimes priceless.  That being said, I am all about being a good steward with my money, so below is the process I follow when I want to read a certain book.

Whenever my husband or I learn about a book that we want to read, instead of going out and buying it right away, we check our local library database online to see if they have a copy available.  If they do, we put in a request online and we are notified when it is ready for pick up.  We do this for all the books that we only plan to read once.

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