Month: May 2014

Eat Well Without Spending A Fortune

Recently, Dave left the following comment in response to my discussion of an ultra-frugal May: I’m really curious about your meals; I easily spend $400 to 600 on food a month — for just me! Please give us some more details about the food aspect; what did you eat? What did you buy? I’m really …

Categories: Meals

Should I Prepay On My Home Loan Or Put It Into Savings?

I had a lengthy and interesting discussion with my wife this morning about the interest rate on our home loan. We are locked in at 5.875%, and I told her that at that rate, we were better off not paying extra on the loan and instead putting it away in an HSBC Direct account at …

Ultra-Frugal? Still Need A 401(k) Or A Roth IRA?

An ultra-frugal reader writes in with an interesting question – why even bother with a 401(k)? My husband and I have been living on about half our income for many years. If our expenses and savings rate stay about the same, we’ll have enough savings to live off the interest in about 7-10 years (depending …

Six Things To Do When Shopping For Cell Phones And Service

In addition to our move, we’re about to switch cell phone services from a regional provider to Verizon, primarily because of signal availability in the area we’re moving to. We also happen to be not under a lengthy service plan, so we’re also looking to upgrade our phones as well since our old ones are …

May 2007 Review – Net Worth +12.1%, Assets +6.2%, Debts +0.8%

It’s time for that monthly financial review again, where I make sure I’m keeping up with my short-term financial goals. I generally break things down by evaluating my assets, my debts, and then my net worth, and then using these numbers, I attempt to set goals for the coming month. This is a useful exercise …

Categories: Money

Review: The Soul of Money

When I showed my sister-in-law The Simple Dollar, her first comment was, “You talk a lot on here about ways to make and save money. Do you really talk about how to spend it in a spiritually fulfilling fashion?” It was a question that actually made me think quite a bit. I do talk about …