Category Archives: Frugality

WSJ’s Ways to Save $10,000 in One Year

WSJ sought to write a provoking article on how to save an extra $10k per year. Their suggestions, sometimes reasonable, sometimes not, are listed below, along with my commentary (full article here.)

Dump the TV
That is a good idea if you live alone and are paying $600 per year on television. With roommates, if we dumped the TV altogether that might save me $60 per year, and I’d have to convince my roommates to dump the TV.

Use loyalty programs aggressively to get discounts on car rental, air travel and other deals
Not a bad idea, but something that takes time to figure out, and if your time is worth  more than this (if you earn $50/hour that’s only 20 hours for the whole year to spent figuring out these deals, signing up for programs, etc.) You’re probably better charging $70/hour and working those extra 20 hours.

Switch Bank Card Companies
Some banks do charge lower fees. The only fees I’ve paid (that I know of) are the few that came when I accidentally bounced a few checks this year, forgetting to transfer money properly into my account. How much do you think you would save if you switched banks?

Reset your weekly expenses to fortnightly.
I already don’t have weekly expenses, except maybe a splurge on eating out every once in a while. My parents, on the other hand, could do with moving their house cleaner to bi-weekly. This is probably the best tip of the bunch, if you have unnecessary weekly expenses. Continue reading

On TV: Extreme Couponing = Extreme Ridiculous

Did I ever mention my extreme hatred of coupons? Sure, if I happen to have/find a coupon for something I was already planning to buy, I’ll use it, but too many people waste countless hours on couponing. This sad addiction is the subject of TLC’s latest “why people are sad” series called Extreme Couponing.

This video speaks for itself. The man and women in the video took a day off of work to use coupons that they paid $70 for(!) when they could have been earning income for the day’s work and not buying as much crap. 150 Butterfingers — who needs 150 Butterfingers? Obviously these folks have a big problem with poor eating habits, and the coupon situation just helps them be unhealthy. In any case, after this preview, I honestly can’t bare to watch any more of this show  (it makes me want to punch my monitor) but I’d love to hear from you if you saw any of the episodes… does it get any better? Does anyone do couponing right?