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Money in the News: When We Go Extreme and When We Are Frugal

Money Crashers has a guest post on how to extreme coupon.

That’s a total of $1,238.63 that we’ve spent on $7,580.30 worth of name brand groceries, toiletries, and cleaning products. We saved 84% ($6,341.67 in savings) in three months without sacrificing quality using discount grocery coupons.

Money Ning posts 15 tips to use up leftovers.

11. If you’re brown bagging it and like variety, as work friends if they’d be interested in a leftovers swap. You get their meatloaf sandwich, they get your baked ziti, everyone is happy and full. posts about a man who uses his weight watchers diet to inspire the way he thinks about finance.

Determine after fixed expenses (rent, phone, etc) how much spare cash you have per day. Plan for days when you know you’ll exceed your daily budget (night out at the movies) and spend less on other days.

Dave Ramsey tweets the following two tweets which I had to share again:

In 2010 there were 332 billion coupons available. 3.3 billion were redeemed and saved consumers $3.7 billion. –NCH Marketing

If the US Gov was a family, they would be making $58,000 a year, they spend $75,000 a year, and are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget and debt, reduced to a level that we can understand.

Yahoo! Finance posted an article about how one person paid off $46,000 in debt in 10 months.

Luckily – we have been disciplined enough during our entire marriage to avoid the much higher interest credit card debt. If you are starting with high-interest credit card debt, then that debt will be your highest priority to eliminate because the interest rates work against you so much harder.

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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