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Money in the News: Saving Money Edition

The Consumerist posts about a 12 year old boy who raised over $10,000 to save his grandmother from forclosure.

Within a month, he’d raised $10,500 from donors as far away as California. Earlier this week, he signed over all the donated cash to the bank so that the foreclosure auction would not take place.

The 33 TV in Dallas posted an article with some small ways to save money, mainly by getting fit.

For the last one, head to your local library and check out some fitness DVD’s.

“We have over 1,500 DVD titles that you can check out for exercise purposes,” said Jo Giudice of the Dallas Public Library.

All items are free as your disposal, just as long as you bring them back. The library is good for trying out something new.

Five Cent Nickel posts six ways to save money at work

a) Keep a little clothing maintenance kit in your office so you don’t need to visit the one-hour cleaner if you have a problem — include needle and thread, a lint roller, Febreze (or the generic equivalent), Static Guard, a stain stick, and a little bottle of laundry detergent;

The Art of Manliness (yes, I read a blog about manliness, religiously) talks about 8 personal finance lessons from Benjamin Franklin

1. Understand the True Value of Things

Benjamin Franklin learned one of his first, and most important, personal finance lessons as a boy. When he was seven, he saw another boy blowing a whistle and was so charmed by its sound that he offered the boy all the money in his pockets for it. The boy eagerly agreed to the deal. Young Franklin was delighted with his new possession and blew the whistle happily all over the house. But his satisfaction was cut short when his brothers and sisters, finding out how much he had paid for it, informed him that he had forked over four times as much money as it was worth. “The reflection gave me more chagrin,” Franklin recalled, “than the whistle gave me pleasure.”

Good Financial Cents posts about how you can save money by refinancing your life insurance

I was surprised to discover I could get $250,000 more coverage, bringing my total life insurance coverage to $2.5 million – and in the process, save over $400 a year.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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