The Simple Dollar Weekly Roundup: Keedoozle Edition

I’m always fascinated by ideas that are attempted way before their time. My favorite one recently has to do with grocery stores.

In the 1930s (!), there was an attempt at opening a chain of fully automated grocery stores (called Keedoozle). In a Keedoozle, all of your dry goods were displayed in glass cases in the store and you could examine them by flipping a switch to rotate them. If you wanted the item, you merely put a paper “key” into the slot in the case, hit a button, and a special hole was punched into your key. When you were ready to check out, you took your “key” (which had punched holes for several different items) to the cashier, who ran it through another machine, which caused the items you want to come rolling down a conveyor belt to you and your total to be quickly calculuated.

In the 1930s.

Unsurprisingly, there were some significant technical issues with this, but beyond that, customers just weren’t ready or willing to do this at the time. It was just a step too far and the chain failed in the 1940s.

The funny thing is that we’re just now moving in this direction, with self-checkouts and other “new” ideas at grocery stores. Honestly, if it meant lower prices, I’d love it if a grocery store did things this way.

How To Find Your Passion Passion is a very beautiful and powerful thing. Without it, it’s almost impossible to really succeed to your potential in life. (@ dumb little man)

How Long Can You Stay in Your Home After You Stop Paying the Mortgage? I’ve actually witnessed this exact phenomenon. I know of at least one person who hasn’t made a mortgage payment in eighteen months without a peep from his bank. I’m guessing they decided the cost of dealing with it was more than the value of the mortgage? (@ wisebread)

Calculate How Much Your Debt Costs You Per Month I think the costs go beyond dollars and cents. One big cost of my own debt was quite a few sleepless nights in 2005 and 2006. (@ get rich slowly)

How to Set Financial Goals – 3 Financial Goals Worksheets Sometimes, a tool like this can make it a lot easier to sit down, figure out your goals, and get them down on paper. (@ squawkfox)

Extreme Couponing: Do Some People Go Too Far? I think anything can become psychologically addictive, especially if it becomes a competition at which you can keep some kind of score. Couponing definitely falls into that. (@ rainy day saver)