As the recession of 2008 dragged on, frugality came into vogue, and many commentators believed a new and lasting way of life had begun. The savings rate went up, people held onto their cars longer, and second hand stores became all the rage. In 2010, 63 percent of people said the recession had “forever changed” […]
A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. How to decipher if it’s time to let something go (Becoming Minimalist). Minimalism seems to be growing in popularity. Here are some ideas for getting rid of some of your stuff. Better than a bike (Humble Dollar). Good […]
A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. The simple thing that helped me save $30,000 (CNN Money). Ah, that lowly, much-maligned yet wonderfully powerful tool called a budget. The 50% rule: why frugality is freedom (Better Humans). I’ve never been crazy about the term “frugal,” […]
How well we manage money has much to do with how well we make decisions. How much should we spend on a house? Should we finance a vehicle? A lot of financial decisions can be simplified by using a Cash Flow Plan and taking an objective look at how much a household of our size […]
MSNBC recently compared the benefits of sweating the small financial stuff versus the big stuff. Their conclusion? Both ways work. Penny pinching – clipping coupons, buying store brands, etc. – helped one couple profiled in the story knock out $50,000 of non-mortgage debt and build a healthy emergency fund in less than three years. It’s […]
