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Archives for September 2013

Soylent: The Future Frugal Food Source

By Frugaling 11 Comments

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Soylent: The Future Frugal Food Source

The Matrix tests philosophical assumptions and the idea of external actors on our life. The film paints a dystopian society full of technological advances and constraints. This world needs the nutritional value in food, but doesn’t have the production capability. A gray, porridge-like substance is developed to handle these concerns; meeting the daily value needs. The implications for our society can be disturbing and inspiring. What would it be like to have a single food, meal replacement?

In a world of extremes – one side dying of starvation and the other obese – the importance of nutrition and meal planning is increasing. This begs alarming questions about farming, dietary needs, education, and world poverty (to name a few). There are tremendous income gaps and inequalities in the world – many are rooted in (physically and financially) accessible food and water.

Now, a company and crowdfunding project wants to introduce a better alternative; they’re calling it, Soylent. The organization is comprised of a group of tech savvy entrepreneurs that are likely looking for a nice payday, but also to fulfill some incredible nutritional needs. They have both local and international goals for their product, too.

50% of the food produced globally is wasted, and food makes for the largest component of municipal garbage. If not for this waste there would be plenty of food to adequately nourish everyone alive. 2 million people are killed annually by smoke inhalation from indoor cooking stoves alone. 70% of americans are overweight or obese. 1 in 7 people globally are malnourished, and 1 in 3 in the developing world suffer from deficiency. Countless others are living hand-to-mouth, subsistence farming, hindering economic development. Even in the developed world, agriculture is the most dangerous industry to work in by occupational injuries and illnesses, and obesity is on the rise. (Soylent.me)

What started as a kooky pipe dream turned into a full-scale manufacturing marvel. Soylent and people behind it are already prepping mass deliveries for December 2013.

This masterpiece of nutritional hacking will cost approximately $2.83 a meal (when buying a month-long supply). Moreover, the meals will provide a wealth of diverse nutrients, aimed at giving the body everything it needs. The proposed ingredients can be found here.

With potential to become more affordable, Soylent has a terrific business opportunity. The company raised over $1 million in a brilliant round of crowdfunding. But just in case you’re wondering whether the founders believe in their product:

Rhinehart lived solely off Soylent for a month at the beginning of the year, and now he’s probably relying on it for about 80 percent of his intake. (TechCrunch)

Soylent is sure to save people money – if it’s healthy and stays affordable. If you’re on the go a lot, this drink may be your solution for staying healthy, keeping a normal weight, and saving your budget. Food costs are generally my most expensive category – beyond rent. If I could supplement this meal replacement product into my diet, my bank account would be very happy.

The great news is that you needn’t wait to try it. A site attached to Soylent offers a variety of different recipes and options for the prospective user. Just go to http://diy.soylent.me/recipes and you’ll find a wealth of user-submitted and top-rated recipes to make this Matrix-like drink.

Would you ever switch to a food substitute to save money?

Interested in reading more about Soylent?
http://www.fourhourworkweek.com/blog/2013/08/20/soylent/
https://campaign.soylent.me/soylent-free-your-body
https://en.wikipedia.org/wiki/Soylent_(food_substitute)
http://www.theverge.com/2013/9/27/4776560/the-world-of-diy-soylent-production

Filed Under: Save Money

More Money More Problems?

By Frugaling 6 Comments

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When I reflect on my decision making, I realize that making more money can lead to careless spending. You may balk or laugh, saying, "How simple? You're just realizing this?" I assure you, while the realization is simple, preventing it can be a challenge.

This semester alone, I’ve paid nearly $3000 of student loan debt and made more money than ever before – on top of working 50 hours a week in grad school. While the money has been a wonderful development, the consequences have sometimes been challenging. By pushing myself to make more and more money to pay off debt that’s tracking at 6.8%, it’s meant stress, sleepless nights, and even, ironically, poor budgeting.

When I reflect on my decision making, I realize that making more money can lead to careless spending. You may balk or laugh, saying, “How simple? You’re just realizing this?” I assure you, while the realization is simple, preventing it can be a challenge.

Never before have I had such monthly budget surpluses, but I still have a lot to learn (and pay off). When you make more money, the tendency seems to be towards an “I deserve this” attitude. Somehow, I feel entitled to spend frivolously. This can wreck tight budgets and ruin savings plans.

So there you go… We all mess up. We all make mistakes. And, we certainly don’t always make the best monetary decisions. It’s all about how you stay accountable and react to the mishap. When I make a mistake, you can bet I’ll be writing about it – this is my method and medium for accountability.

Who or what makes you accountable for your spending?

Filed Under: Make Money Tagged With: make more money, money

Save Money With Open Source Software

By Frugaling 5 Comments

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Save Money With Open Source Software

Chances are you’re a Windows or Mac person. This duopoly has a tremendous hold on the consumer market. Windows continues delivering terrific business products, while Apple has cornered a niche of the consumer market. While Apple has made significant headways in the younger demographics, Windows is still king. The behemoth has a staggering desktop market share of 91 percent, and Apple/Macintosh (UNIX) has only about 7 percent. With about 98 percent of the population covered with these two operating systems, it’s easy to forget that there are alternatives. More importantly, that you can save money by choosing the third option: open source.

What’s Open Source?

Open Source Logo
Photo by: Open Source Initiative

If you’re asking for a standard definition, it can be difficult. Open source goes beyond software; really, it’s a way of living life – a philosophy. Open source is about designing products in a public way – open to critique and feedback. When you’re struggling with Windows – why has it just rebooted three times in a row? – the gut reaction is anger and need for help. Maybe you’ll need to call someone in India or dial through call-tree customer service (“Dial 0 for a representative. We’re sorry, we cannot help you due to a large call volume.”). With open source, you’re opting for some bumps in the road, but the ability to question the designers, coders, and people responsible for the software you use.

Anything open source should be in the public domain – the source code should be accessible. Support is made in donations, ad-support, or customer service. Legalistically, open source requires a free license for use. Contrast this with Windows, which charges about $50 to $100 for one computer with Windows 8.

The secondary aspect that’s fundamental to open source is a desire for others to improve the product. Ask Apple or Windows if they want public support and design of their products, and they’d laugh in your face. These are heavily funded closed source systems. When software and operating systems are closed to the general public, it means that the code – behind the scenes – is not publicly accessible or made to be. By choosing open source, you’re participating in a democratic system that fosters contribution and activity.

What Software Is Open Source?

Ubuntu Open Source Desktop
Ubuntu OS – Photo by: Tim Schulz

With a significant profit incentive to make things inaccessible, trademarked, patented, and trade secrets, it may be surprising to hear that much of our digital technology comes from open source beginnings. In fact, chances are great that you are using open source technologies right now.

The web browser with the greatest market share is Google Chrome. A couple years ago, the stalwart was Internet Explorer, which was simply a function of it being preinstalled on Windows machines. Google Chrome makes up about 37 percent of market share.

If you’re using Chrome, type in, “chrome://credits/” (without the quotes) into your address bar. Suddenly, you’ll realize that Chrome has a lot of people to thank. Within this credit page, Google has placed a number of licenses – most of them are free and open source. Moreover, Chrome is a derivative of a purely open source project called Chromium. Open source is fundamental to Google Chrome’s existence.

Other open source software examples include: Android (smartphone operating system), MediaWiki (the backbone of Wikipedia), Firefox (web browser), Linux (operating systems; e.g., Ubuntu), LibreOffice (free Microsoft Office alternative), Thunderbird (desktop mail client), Vienna (RSS reader), and Gimp (photo editing alternative to Adobe Photoshop).

Oh, and one last example: WordPress. It’s the foundation for this site – all the code and pages you see are made possible through this open source initiative.

How Does Open Source Save Money?

As a reader of Frugaling.org, you’re probably wondering where the real savings are. The bottom line is that open source products save you lots of money; oftentimes, with little hassle or transition, too. Many of the aforementioned open source products are already part of your every day technology.

Free isn’t always better, unless the product is comparable. You don’t want to be sacrificing a good experience for a free one. Likewise, you have to be willing to try a different experience to save money. This leap probably keeps many in the 98% group.

Computers with Windows pre-installed suffer pricey licensing fees. Apple products have burdensome margins and markups – they pass their profits onto shareholders. If you choose either of those routes, you’ll be spending more than you have to. But if you consider open source routes or using only open source software, you are sure to save.

Chromebook Photo Wiki
Photo by: Alvin Trusty

Start considering what open source alternatives you can begin using. If you buy a Windows-less computer like a Chromebook, you’ll spend about $249 (compare this to $1000 or more for most Macs). The computer is a barebones version of Chrome that comes with little software. In fact, the entire computer uses Google’s foundational software to freely access technologies – all made in part by open source. By buying a Chromebook, you can also install or rewrite over the software and install something like Ubuntu. If you install a new operating system that is based on open source technology, it can be easier to find other applications that also save you money.

Imagine never having to pay for Microsoft Office again. Imagine never having to buy into the crazy profit margins at Apple. Imagine being able to get real help – quickly – to your tech problems. Imagine being able to participate and grow a software – democratically. That’s the potential of open source.

Open source is credited with causing a $60 billion drop in private, closed source funding. Your bottom line will certainly be happy about that!

Filed Under: Make Money

5 Must-Reads To Reduce Your Spending

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These reads go beyond simple "how to make a budget" articles. My goal with this site and these specific articles was to touch a deeper nerve - getting at the crux for why we spend too much. It's time for a better, frugal future.

Frugality requires a deep look into what motivates spending and how you can better budget for the future. Today, I wanted to highlight five of the most popular articles on Frugaling.org that will help you reduce your spending and give you inspiration for change. These reads go beyond simple “how to make a budget” articles. My goal with this site and these specific articles was to touch a deeper nerve – getting at the crux for why we spend too much. It’s time for a better, frugal future.

1. Time, Frugality, And Learning To Say No

Maybe you’re struggling to find time in your life – busy with the almost endless to-do lists, homework, chores, etc. Sometimes we take on too much, signup for more activities than we can handle, and work creeps into our personal lives. This is a recipe for disaster. It’s time to take back the reins and learn to say one simple word we learned as children, “No!”

Learning To Say No.

2. 10 Takeaways From A Spending Cleanse

After countless weeks of trying to curtail my spending, I wondered what a week off would look like. Could I make it an entire week without spending a dime? Turned out I could! The following article is a collection of the ten powerful takeaways from a week away from money.

A Spending Cleanse.

3. Friends Make Friendly Budgets

Sometimes you realize that your psychological well-being and health is affecting your spending. In fact, if you feel isolated, removed, and depressed, you expect to spend far more of your disposable income. Learn how your mental health equals more or less to your bottom line.

Friendly Budgets.

4. Need For Spend: The Secret To Stop Shopping

There’s a public secret – is that possible? – that exists to reduce your need to spend. Almost every town, big and small, features this public option that will fill your need to shop around without spending a dime. In this article, I explain how you can use your local library to get the latest digital books, magazines, movies, and more!

Stop Shopping.

5. Save Money With Mindfulness

Lastly, here’s an article about learning to develop a peace with your desires. The latest and greatest new technology may beckon for your checkbook. Just think, the new, iPhone 5S just arrived! Wouldn’t life be grand if you owned one? With mindfulness meditation and close scrutiny of your wants, you can find a peace to begin your frugal journey. Just breathe.

Money Mindfulness.

Filed Under: Make Money

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