288th Festival of Frugality – Dog Days of Summer Edition

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Dog Days of Summer

photo credit to GirlReporter

The “dog days of summer” refer to the hot, lazy days of summer.  The root of the phrase comes from Roman and even Greek roots dating back to the days of Socrates.  The origin is astronomical in nature relating to the star Sirius of the constellation Canis Major and specifically to Sirius itself a.k.a “The Dog Star.”

History lesson over, let’s get to the Festival.

Sit back and enjoy the following personal finance articles while sipping lemonade and enjoying these hot lazy “dog days.”

Dog days editors picks

  • Boomer and Echo remind us When Needs are Actually Wants.  Betsy and I often remind each other of what is truly a need and what is merely a darn want.
  • Prairie Eco Thrifter asks Do You Know a Millionaire Garage Sale-er?  This is a great reminder that wealthy people are wealthy for a reason.  If you want to be wealthy then perhaps you should start by being frugal.
  • Financial Excellence asks Is Paying Cash for a Car a Good Idea?  I’ve brainwashed myself so well that I’m surprised to learn that people still think financing vehicles is a sound financial option.  It’s not.
  • Budgeting in the Fun Stuff reveals 52 Free or Cheap Date Ideas.  This reminds me of the list Betsy and I made of 27 things to do rather than watching TV – I’m not sure why, but it does, and I like it.
  • The Millionaire Nurse Blog challenges with Cable TV: Can The Cord Be Cut?  I love to challenge people with this since TV is so unimportant yet so coveted.  Betsy and I cut the cord a long time ago and never plan to go back.  We’re even thinking of getting rid of our TV all together – it’s mostly a waste of time.  See what happens if you ask the average millionaire who The Biggest Loser is.  I say way to go Dr. Dean.
  • Sustainable Personal Finance shares how they’re Destroying Their Mortgage Debt.  All debt makes Crystal “itchy”, even mortgage debt, and I’m with her.  Accelerated debt payments can easily save the average homeowner tens of thousands of dollars over the life of a mortgage.
  • Outlaw Finance takes a shot at defining The Psychology of Saving: 3 Reasons Why You Don’t Have Money to Invest.  I can’t argue with a single thing in this article.  If you consistently have trouble with money, read it 3 times and think long and hard about implementing the advice.

The best of the rest

  • My Dollar Plan suggests How to Use Coupons After TLC’s Extreme Coupon Show Fraud.  Personally, I dislike coupons because 99% are written for unhealthy foods.  Period.
  • Free Money Finance challenges us to Think Outside the Box to Save Money.  I love this.  Ever since I did my first “think outside the box” exercise in 10th grade Algebra class, I’ve been hooked.  I say ALWAYS think outside the box.
  • Christian PF shares a story of Buying a Car When You Have Poor Credit.  The moral of this story is… pay cash – when you have cash you don’t need credit.
  • Totally Money offers up a few wise ways to Save money on your weekday lunches.  I also work from home and can really appreciate the tips given here because I use many of them myself.
  • Squirrelers suggests a self-labeled “broke college kid-esque” practice of The Loyalty Card Workaround Plan.  I used to do this when I was in college too. Fun.
  • Free From Broke asks What is Better A Foreclosure or a Short Sale?  He is speaking of purchasing, so I’m assuming a foreclosure could be had at a lesser price since the bank took a bigger loss, but not necessarily since they may be trying to make up for their loss.  Perhaps it’s really just 6 in one 1/2 dozen in another – what do you think?
  • Financial Highway gives us yet another 35 Ways to Make More Money.  Good, I could use some more money… how-bout you?
  • My Personal Finance Journey reveals 15 Ways to Save on Car Costs.  Or perhaps you could even go without a car and save even more?  Betsy and I will be downsizing to one car soon in an effort to save more mulla.
  • Afford Anything shares a nice infographic of how A Coupon is Born.  Coupons are good but remember to use only on items you need and buy anyway, never buy just because you have a coupon, that’s what they want you to do.
  • Canadian Finance Blog reminds us of 5 Ways to Stay Cool Without Breaking the Bank.  Or we just cool off by moving to Canada?  ;)
  • Stupid Cents gives us 5 Frugal Tips to Save You Money.  I guess we’re doing pretty good since Betsy and I employ all five tips.
  • PT Money shares The Secret to Understanding Your Personal Money Style.  My personal finance style is spend first ask questions later, so I’ve had to train myself to be disciplined, which is a good thing.
  • Deliver Away Debt offers a few ideas on How to Pay for College Without Loans.  I love the topic and would like to offer another alternative – skip college and just learn at your local library.  No you won’t have a flashy piece of paper at the end, but can still be just as educated and perhaps even more so.  I’m just sayin.

Thanks for reading 288th edition of the Festival of Frugality.  Be sure to comment on the articles you love and share them with your social circles.

Done?  Good, now take one last sip of your ice-cold lemonade, place your straw hat over your face, lean back, and kick your feet up to take a nice long dog days nap.

 



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