This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Friday, February 26, 2010

Article: Taking Frugality Too Far

Posted By Paul

I thought this was a good article on when you have taken Frugality too far. I especially liked that they call out not tipping in restaurants as an example of 'frugality gone wrong':

Taking Frugality Too Far

Article and Blog: Hiding debt: The secret lives of American debtors

Posted By Paul

An interesting article today on CNNMoney. It talked all about people who accumulate debt secretly. Trying to hide it from their loved ones, often with disastrous results. It sounds like hiding debt must be an incredibly shameful and stressful secret to have. Hearing people talk about the experience reminded me of stories from people trying to hide affairs or drug habits.

Check it out:

Hiding debt: The secret lives of American debtors

The story of Blake who lost $250,000 ($150k of which belonged to his mom) and tried to hide it was incredible.

I looked at his blog which was mentioned in the article. It looks interesting enough that, I plan to follow it:


Wednesday, February 24, 2010

Article: Overcome marriage money challenges

Posted By Paul

I read an article on the dollar stretcher that I really liked. So many aspects of the article reminded me of things that my wife and I do to handle money in our marriage, such as:

-Using rewards credit cards (never carrying a balance but splurging with the reward money)

-Saving up for expensive items (which also gives you time to decide if you really want or need the item in the first place)

Worth a read for all married couples, whether or not spending is a source of friction in your marriage:

Overcome marriage money challenges