Through a combination of extreme cheapness, hard work, and determination, Alan Corey became a millionaire at an age when most of us are still trying to figure out how to start paying back our student loans. How did he do it? He shared some of his saving secrets with Mainstreet.com, and they’re useful whether you aspire to wealth or just need more money to pay down debts.
saving money
How To Reduce Your Insurance Premiums
By 9.28.09
Kiplinger has put together a list of ways to reduce costs for auto, home, and life insurance. For auto and homeowners insurance, boosting your deductible from $250 to $1000 can lower your premiums between 15-25%. If you haven’t looked at your life insurance policy in a while, don’t wait any longer to shop around—rates have “dropped significantly” over the past 15 years but are now on the rise. And when calculating homeowners insurance, don’t fall into the market value trap: make sure you’re covering the true cost of replacing only the home and what’s inside, not the value of the land.
When Are Alkalines Better Than Rechargeables?
By 9.21.09
The big benefit of rechargeable batteries, aside from possibly being more ecological, is they’re supposed to save you money in the long run. However, blogger Len Penzo argues that for some devices, you’ll spend more money if you go the rechargeable route.
Traveling Domestically? Consider A Hostel
By 9.16.09
Tough times has forced a developer in South Florida to rethink his condo hotel development, so he’s reconfigured it as a hotel-hostel that offers not just the standard shared room arrangements familiar to any college student who’s traveled, but also slightly more expensive private rooms with kitchenettes and basic hotel amenities for $50 a night, writes the South Florida Sun-Sentinel.
Financial Advice For College Students
By 9.14.09
The San Jose Mercury News has compiled a list of financial tips for people just entering college. These are the sorts of things that will help you avoid racking up huge debts or wasting money you don’t have on fees and penalties—and of course they can apply to pretty much anyone, not just college students.
Get On A Plane, Go To Your Surgery
By 9.11.09
We’re not sure if this is the start of a trend or just some very creative cost-cutting by a few companies, but Business Insurance notes that some self-insured firms are now sending their employees to other states to save money on medical procedures.
Poll Results: Our Significant Others Aren't Very Thrifty
By 9.10.09
Two weeks ago we mentioned that Cognitive Daily was running an informal poll about thriftiness. Here at Consumerist, we like to take polls. We bumped up their response rate to over 5,000, far higher than what they usually get, and now they’ve posted the results. Apparently we all think we’re thriftier than everyone around us, especially our significant others, and the world wants to shop at the GAP. We bet the GAP is happy to hear that—too bad (for them) the poll was informal.
Just How Thrifty Are You?
By 8.31.09
The cognitive psychology blog Cognitive Daily has put up a quiz asking you to rate your thriftiness compared to that of your parents, your best friend, and your significant other. What will we learn from this quiz when it ends on September 3rd? That people like quizzes, obviously, as well as how many respondents insist on mashing up all the old soap into a “new” bar in the bath. (I do this, but because I think it’s fun, not thrifty.) Take the quiz here.
Where Saving Money and Ethics Collide
By 8.26.09
The Mighty Bargain Hunter blog presents us with a money-related ethical dilemma: what do (should) you do when someone has priced an item way too low? He shares several stories that illustrate how this quandary can occur, and the response alternatives primarily boil down to two options:
Slate Dyes Its Hair To Find The Best At Home Kit
By 8.25.09
Slate’s column for ladyfolk, doubleX, recently tested 5 home hair dye kits to see which of them work the best. It seems Slate’s fancy writers are too good for Kool-Aid or RIT, which is what my friends always used when they needed a good ugly green tint; apparently Slate also wanted to test brown dyes and not ugly green ones. Of the five, the worst was the $6 “Rainbow Henna Persian Dark Brown,” while the best was a $14 Clairol product, which handily beat out a $30 kit from Frederic Fekkai.
How To Cook A Meal In Your Hotel Room
By 8.24.09
We’ve never looked at a hotel’s bathroom counter and thought, “I could probably roll out some dough right there.” We’ve also never tried to use an iron for a hot plate, or shoved uncooked spinach into the coffee maker. But now that we’ve watched this proof of concept video from George Egg, we may consider going grocery shopping the next time we’re stuck in a hotel with an overpriced room service menu.
Minimizing the Cost of Raising Kids
By 8.18.09
The choice to have a child is usually not a financially-focused decision. And we’re not so crass to suggest that it should be a dominant factor. But the cost of raising a child properly should at least be one of the factors that couples consider before they take the plunge into parenthood. Why? Because raising kids is a very expensive undertaking.
Save Money On Groceries By Buying The Ugly Ones
By 8.7.09
Salvage grocers are stores that stock all the dented, crushed, slightly past their “best by” date products that consumers have been trained to avoid. Because of this, they’re the Dollar General or Big Lots of supermarkets, with prices up to half off regular store prices, says the Associated Press.
Six Ways to Save on Back-to-School Shopping
By 8.6.09
Guess what — summer is over. Ok, so it’s not technically over. But the carefree, I-don’t-have-to-think-about-school part is certainly long gone. Think differently? Just look at the Sunday paper ads, the email promotions and banner ads all over the web, and the signage in almost any store you walk into these days. Oh yeah, it’s back-to-school time, baby.
Save Money by Shopping on Tax Holidays
By 7.30.09
How would you like to save 4% to 7% on many of your back-to-school purchases? Or maybe you aren’t a student but have some fall clothing shopping to do and would like those savings yourself. Or you’re been putting off that computer purchase for a few months. Well, with the tax holidays many states are offering, now may be your time to pounce and buy, buy, buy.
By 7.24.09
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Here are 9 ways to save money on groceries. Did you know you can frequently find your milk or juice for less at convenience stores? [MintLife]
Creative Ways to Save Money on a Wedding
By 7.24.09
Depending on the source, the cost of an average wedding in the US is somewhere between a low of $20k and a high of almost $30k. No matter what number you use, that’s expensive. But Wise Bread offers us some extreme weddings savings tips than can make the day very affordable. But be warned, there will be lots of compromises. Here are their suggestions and our quick summaries of each idea:
Save Money on Cable Television and TV Services
By 7.17.09
Given the state of the economy, it seems like everyone is looking for ways to save on non-discretionary expenses. Lucky for us, The Digerati Life offers some useful thoughts on how to cut back on TV services without turning off media completely. Their five suggestions include:
