Tag: savings

Breaking the Cycle: How to Avoid Rationalizing Your Way into Debt

February 7, 2015

Debt is a common problem that many people face. It can be difficult to avoid falling into debt, especially when you rationalize your spending habits. Rationalization is a common defense mechanism that we all use to justify our actions, even when they’re not in our best interest. This can be especially dangerous when it comes to spending money. It’s important to break the cycle of rationalizing your way into debt and take control of your financial situation.

Unlocking Financial Freedom: Embracing the Power of Passive Income

January 21, 2015

The idea of financial freedom is a dream for many people. The ability to live the life you want without worrying about money is something that most of us aspire to. One way to achieve financial freedom is by embracing the power of passive income. Passive income is money earned without actively working for it. It can come in many forms, such as rental income, dividends from stocks, and royalties from creative works. By building multiple sources of passive income, you can create a steady stream of money that requires little to no effort on your part.

Seeing Clearly on a Budget: Top Tips for Saving on Eyeglasses

January 14, 2015

Eyeglasses are a crucial part of many people’s daily lives. Whether it’s for reading, driving, or just seeing the world clearly, eyeglasses are an essential tool for those who need them. Unfortunately, they can also be quite expensive, and many people struggle to afford them. However, there are ways to save money on eyeglasses without sacrificing quality or style.

Looking to see how your smart phone can save you money? Hopefully you are on a cheap plan at least, which is a great topic for another post in the near future… OK, so one major way people try and reduce their expenses is to use coupons for shopping. However, spending the weekend clipping coupons sounds really tedious to me, as I’d rather be on the beach, plus Mrs Frugal Prof and I prefer to get local, fresh organic produce that we use to make our meals (ok, I have to admit here that Mrs Frugal Prof is by far the superior cook!).

The Ibotta app looks like a much easier way to do the coupon thing, and it is a way to earn actual income from your shopping, which gets deposited in your paypal account 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

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

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

Frugal Apps – Valpack

May 7, 2014

Limiting your spending and making your money go into investments is a key move to get you into the financial freedom fast lane. If you are into coupons to lower you expenses, the Valpack app may be of great benefit. Continue Reading