Trent at The Simple Dollar has an excellent deconstruction of comments on the Yahoo Finance article by Anya Kamenetz about living frugally in the Age of the iPhone. What I find vastly interesting is that some of my coolest friends in San Francisco were some of my poorest. They were really good about saving their money. I learned a lot from them about how to shop thrift, go clubbing on the cheap, and figure out the free and fun stuff around town. We rarely took cabs there. The bus and our feet were our best travel companions.
English Major Money asks, “Where do our money personalities come from?” Great question. You’ll have to read all over my blog to find that one, but try clicking the Personal Memory category on the right. I’m sure it’s buried all in there.
Hazzard at Everybody Loves Your Money has created a chart to tell you what you have should have saved by now. It’s got a number for every age between 21 and 65. Even though I’m in my early 30’s, I’ve got what a 29 year old has got. Fortunately, I am trying to save more than $2.5K a year and do way better than only 8%. However, 8% is a very achievable average rate of return that I use in most of my long term forecasting spreadsheets.
Ask Dong has some tips on TIPS.
Savvy Saver’s strategy for zero balance transfer arbitrage. I’ll be honest, this sounds too risky for me. I don’t know that I’m interested in trying out since I have lots of debt at the moment. On one hand, I don’t need new credit lines for anything whatsoever in my life right now. Maybe in 3 years I’ll need car, so this could be a good time to do it. But on the other hand, interest rates are falling so perhaps the time for the greatest interest rate spread has passed us by?
Pinyo of Moolanomy guest blogging for J.D. of Get Rich Slowly. Get it? Ok, the post is actually on Pinyo’s 12 Investing Mistakes. A really excellent list. Please learn from it. Even now, it still has lessons for me.
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{ 6 comments… read them below or add one }
Thanks for the mention!!
Hazzard
Some of your links seem mis-formatted. Just a heads up.
Thanks for the link, and I think my link is the one that’s misformatted… I always appreciate a link, even a broken one.
Hi Dong!
I fixed the link!
Links still bad. Looks like a mismatched quote mark that’s propagating through the page.
Thank you for citing my blog as well as the post on Get Rich Slowly. I am glad you enjoyed the post. I still have to be careful about those mistakes occasionally. Some are harder than others to avoid.