Photo of some master elder savers. A recent newspaper article stated: The savings rate of Americans, meanwhile, jumped to 5.2 percent in the period April to June, the highest since 1998. A higher savings rate, however, could slow economic recovery because consumer spending accounts for 70 percent of economic activity. I read about the above implication over and over again […]

– Wise Bread has an interesting article on the pros and cons of pre-paying your mortage – I can tell you that I’ve been giving this one lots of thought and I still haven’t come to an easy answer   @ WiseBread. – Dough Roller posted a “festival of frugality” that contains some great information on frugal living, finances, debt, etc.  @ Doughroller.com […]

Sometimes it’s obvious, but most of the time it’s not.  What am I talking about?  I’m talking about how we, as humans, are comforted by following the pack or making decisions that everyone around us is making.  For example: – We like buying Google stock because it helps us find things (there are alternatives) and the media loves Sergey and […]

The Wall Street Journal recently ran a short article entitled, “Making of a Miser: Nature versus Nurture”  The article highlights a few important points in terms of what makes people cheap: If you have two thrifty parents, you’re likely to be thrifty as well. People who lived through the Great Depression were thrifty their entire lives. People have innate tendencies […]