This lady saved over $280,000 and never earned more than $9,000 per year. She worked longer than many of us would want to, also, but still an inspiring story and an example of how time and savings do add up.
AOL Daily Finance Article on Lady Who Saved a Bundle
Building Wealth doesn't have to be all about making money big chunks at a time, or making the big bucks (although that helps) - but every dollar we save, we can re-direct it towards saving for our retirement through investment vehicles. New ways of saving money appear all the time. In this blog, I hope to cover those new ideas, as well as discuss some of the ideas that can be found in my book, $10 a Day to $1,000,000.
Wednesday, February 15, 2012
Tuesday, February 14, 2012
Using Facebook to get discounts
One way to get coupons for places you regularly do business with is to like their page on Facebook. Many businesses will post special deals and coupons for their "Facebook fans."
Tuesday, February 7, 2012
Public Transit
Riding Public transit can be an adventure and sometimes harrowing, sometimes annoying, many times inconvenient, but many times a money saver. This is especially true if you work in a metroplitan area in which parking is not free. In Los Angeles County, an "EZ Pass" costs $84 a month, and you get unlimited rides of base fare routes - for any route that charges more than base fare, you would pay the difference.
Monday, February 6, 2012
Picking up Pennies
Today, I picked up a penny. Most people ignore a penny on the ground, but think about it. Most people would pick up a quarter - but 25 pennies and that is a quarter-dollar. Picking up pennies is most useful if you use the self-checkout at the store. I usually don't carry coins on me, but if I pick up a penny on the way to the market, and I end up needing a penny, picking up that penny came would turn out to be agood thing. Of course, I don't pick up pennies that have been run over a million times by cars, or look particularly dirty and i might catch some bacterial disease.
For the last few years, I've been saving up the equivelent of all the coins I pick up during the year, and at the beginning of the new year, I'll take the bag full of coins and dump it into the coinstar machine at the supermarket. Some stores, if you decide to get paid with the store's giftcard, you don't get charged a fee. If you want the cash, you will be charged around 9.5% for the fee, but many times you will also get a coupon worth about a dollar you might be able to use. The last time I used one of these machines, I cashed in $8.00, got charged around $0.75, but recieved a coupon for a 2 liter bottle of soda that was on sale for $1.29 that week, so I actually received a premium.
For the last few years, I've been saving up the equivelent of all the coins I pick up during the year, and at the beginning of the new year, I'll take the bag full of coins and dump it into the coinstar machine at the supermarket. Some stores, if you decide to get paid with the store's giftcard, you don't get charged a fee. If you want the cash, you will be charged around 9.5% for the fee, but many times you will also get a coupon worth about a dollar you might be able to use. The last time I used one of these machines, I cashed in $8.00, got charged around $0.75, but recieved a coupon for a 2 liter bottle of soda that was on sale for $1.29 that week, so I actually received a premium.
Sunday, February 5, 2012
Digital Coupons
The Sunday paper use to be the way we got most of the coupons we used at the grocery store. Then the coupon supplements started websites and we became enabled to print out coupons from our computers. Now, if you have a supermarket card, you can download coupons onto your supermarket club card. You can do this through coupon providers such as redplum (not all stores are partnered with them, and you still have to print out coupons if you do your grocery shopping at a market not set up to do this with redplum), or through certain markets that have digital coupon set-ups for their customers, such as Vons, in Southern California.
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