Category: Savings
Cut the Cable
September 4, 2014
Do you really need to slump in front of the TV for hours every night? Yes, it is quite a strong temptation, especially after a long days work. We all know that it is better to read a book, do a work out, better still give your time and attention to kids, if you have them.
Well, here is a positive reason to get rid of the cable Continue Reading
1 Years Salary Spent on the Wedding?
August 20, 2014
I just read an interesting article on Fox business news describing that the 2013 Real Weddings Study revealed that the average US wedding costs are close to $30,000. Wow that is a fair chunk of change, considering the average household income is in the low $50,000 range. As may be expected, there is quite a range of costs between the states, and it looks like if you want to spend the least the best state is Continue Reading
Fuel Economy
August 7, 2014
Buying a fuel efficient car and keeping it for 5 years or more can save you 1000s of dollars in gas. There are plenty of options for getting fuel efficient cars, you can go for hybrids that include plug-varieties, all electric or those that run on diesel. There’s a lot of choices nowadays, and when you are calculating your overall costs you may even want to add in very fuel efficient gasoline cars. One place I have found very easy to use that helps me compare cars of all types and costs associated with each is Continue Reading
Statistic Brain – Look at the Stats to Get Motivated
July 1, 2014
This post is probably most exciting for the scientists, engineers and mathematicians among us. I found this cool site cool Statistic Brain, which gives the stats on many interesting things, including financials, entertainment, education, food, health crime, and demographics.
Clearly, being a blogger about frugality and how to gain your financial freedom I went straight to the financials. (Although other pages such as food or health had some important stats about the US and the world, and reading these certainly makes me want to do even more exercise and give more to charity, be it time or money). Continue Reading
Take the Train, Ride the Bus
June 28, 2014
Public transport is a great way to save money and is a less stressful way to commute. Clearly, in the major cities it is much easier, and especially so in parts of Europe, where you can often travel all over very large cities using their subways, trains and buses and on just one type of pass for relatively cheap. Continue Reading
Hedonic Adaptation – Are You the Hamster in the Wheel?
June 21, 2014
When I first heard of ‘hedonic adaptation’ I wondered what it was, perhaps it was some kind of cool new band that I had not yet listened to? Nope, it is instead a term whose meaning I suggest should be taught to every citizen in the US, or perhaps every citizen in this rapidly developing world of ours.
Got your attention? I hope so, because for me, learning about hedonic adaptation made me changed my entire views on money, savings and investments, and my focus on what really makes me happy. Continue Reading
Never Retiring?
June 15, 2014
I just read an article on MarketWatch about never retiring. Before we get into the idea of never retiring, there were some troubling statistics in the article that I would like to highlight. Fidelity (the retirement/investment brokerage firm) is quoted as saying that merely one-third of americans that are working are going to be able to pay 95% plus of their expenses in retirement. Even more scary is that an additional 12% will be able to cover just their essential expenses, leaving 55% likely to have difficulty in covering these. We are talking about not being able to pay for food, healthcare, housing, all of which sound pretty important to me. Continue Reading
Telecommute
May 28, 2014
Well, you may not be financially free just yet, but I am hoping you are training those freedom producing muscles. We discussed that riding the bike or walking to and from work is a great frugal and healthy option. However, how about not even going into work at all? Continue Reading
Early Retirement Calculator – Networthify
May 23, 2014
Helping you find increased motivation for becoming financially free as early as possible is Networthify.
It’s a website that provides a useful early retirement calculator that lets you know how long until you can retire early/become financially free Continue Reading
Caffeine habit
May 9, 2014
Many of us need a shotof coffee or a cup of tea to get through the day, some of my friends need it even just to help them get out of bed! I’m super caffeine sensitive, so I need it when I have to stay up late or perhaps all night! Well anyway, thanks to Mrs Frugal Prof, as she reminded me of the ‘latte effect’. Fortunately, she is not suggesting to go cold turkey here, but merely brewing your own drink to increase your savings.
Let’s crunch some numbers for fun Continue Reading