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Frugal Articles of the Week

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Reading Nook Photo

Today I wanted to feature a few frugal articles that caught my eye this week. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

Do You Give Money to Panhandlers? by J. Money
This is an important, age-old question that J. addresses. Should you give money to panhandlers and homeless people? What happens when you do and how will others think about the decision?

Human civilisation ‘will collapse’ unless greed culture is stopped, report warns by Andrew Hough
Unfortunately, our reckless abandon and consumption of natural resources is hurting us all. This recent Telegraph article highlights how our consumption and luxury cultures/needs push us careening down an unstoppable path of climate change. We need to reduce what we use for more reasons than our budget — it’s about everyone’s well-being.

What 2,000 Calories Looks Like by Josh Barro, Troy Griggs, David Leonhardt, & Claire Miller
It might surprise you to see this New York Times story about calories in food in a list of frugal articles. Incredibly, when you eat out you’re not just spending more money — you’re getting tons more calories. When you make food at home, it’s often healthier and contains fewer calories.

7 Financial Lessons Learned from My Parents’ Debt by Erin M.
I was shocked by this intimate and detailed article focusing on the lessons that one personal finance writer took away from her parents. The most powerful takeaways center on reducing possessions and that “Keeping up with the Joneses” feeling. Well worth a read!

Filed Under: Save Money Tagged With: articles, Calories, climate change, Collapse, Financial, Frugal, homeless, Panhandlers, Parents, weekly

Reclaiming the Heart of Christmas

By Frugaling 7 Comments

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Frontier Airlines Flight in Winter Cold

“Welcome to the Eastern Iowa Airport,” a big-brother-like loudspeaker exclaimed. Then that generic male voice droned on about watching your bags and reporting suspicious activity. Despite the boring interjection that repeated unnervingly in my ear for about 6 hours (I was a wee bit early), I knew I was flying home for the holidays — that’s all that mattered.

The quaint, small-town airport was filled with Christmas trees and holiday garb. Personally, I loved the colors and lights. People tended to be cheerier and friendlier — saying “happy holidays” and “merry christmas” in the place of “what the heck are you doing blocking my way to ‘Zone 2’ of this aircraft?”

Airports are the perfect place to people-watch — holidays amplify the eccentricity! A woman wearing a pink jumpsuit walked by with bells on her feet — each step providing jingles to everyone around her (whether they wanted it or not). A big-bellied man yelled and paced around the hallways, which made me wonder if this person needed a psychological intervention. His frustrations and screams were broadcast across the terminal. Then, I got a glimpse of his microscopic earpiece. My mind settled on him being “sane, but needing a cease and desist order.”

In between auditory assaults, I sought respite in a book about “vandwelling” and paying for graduate school on a shoestring budget. My phone grabbed at me to answer various travel plans and requests. When I put down the visual stimuli, reading material, and the fellow travelers quieted, my mind raced and face flushed for embarrassment: I hadn’t purchased a single present for my family.

I filled with dread, and puzzled how I’d fix this apparent problem. I realized I had no idea what people wanted, anyways. I’m away from family at large stretches of time, and there’s nothing that can supplement regularly seeing people in person. Frankly, I felt out of the loop.

The last couple years, I’ve been a sorry contributor to colors under the tree. While my family understands my small bank account (net worth: ~$500), and I recognize that I hate the consumer/consumption focus of the holidays, I’m still affected by the expectations of gift-giving. I want to provide happiness and laughter to those around me — to be liked and care for others. I want to see glistening eyes — appreciative because I got something that speaks to their passion, interest, and love.

When I finally arrived at my parents house, I asked my mom what I should get everyone. I confessed that I hadn’t purchased anything, and she nearly interrupted me before I could finish the sentence. “Oh, we are in the same boat, it’s going to be a small Christmas. I have no idea what to get anybody either,” she said.

I smiled at the irony of the holiday. If you looked in the newspaper, watched television, and/or surfed the web (sans ad blocker) — without knowing the true meaning of the holidays — you’d think it was merely another sale season where capitalistic pressures stress consumption for self and others. We know Macy’s, Nordstrom, and Dillard’s all have sales. We know Claus-laden Christmas cards of red and green will occupy the aisles of grocery stores.

As humans affected by these messages, my mother and I were both feeling the strain of not knowing what to get everyone, but also feeling compelled to do so. Frankly, it felt stupid that we were bucking the internal messages (buy less) for the external scripts (buy endlessly), which are nearly built-in now.

My favorite Christmas memory was not the year that I unwrapped a remote-control car. My favorite Christmas memory was not the packs of baseball cards I’d requested. My favorite Christmas memory was not the cast-iron skillet, which I have yet to understand how to use (sorry, mom!). No, at the heart of Christmas and my current state of happiness is that I’m home and around family. I’m too happy about what I currently have to care about meeting the demands of our conspicuous economy.

Now, watch this ridiculous video and have a wonderful holiday!

Filed Under: Save Money Tagged With: Caring, Christmas, Consumer, Consumption, Gifts, Giving, Happy, holidays, Merry, Sales, Stress, Travel

Frugal Articles of the Week

By Frugaling Leave a Comment

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Reading Nook Photo

Today I wanted to feature a few frugal articles that caught my eye this week. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

The Cheapest Generation by Derek Thompson and Jordan Weissmann
While this article was actually published a couple years ago in The Atlantic, I just recently read it. It catalogues the many challenges that major companies are facing from Millennials. Companies like Ford are getting desperate, as the latest generation refuses to buy cars at the rate of their parents. While a clever title — “The Cheapest Generation” — I found it to be inherently pessimistic. Instead of being the cheapest, Millennials could be considered the most “green,” “eco-friendly,” “budget-conscious,” and more.

Flowchart: Should I buy this? by Callie Enlow
Good Magazine has been a leader in publishing articles about environmental, political, and socioeconomic issues. In this latest feature, Callie Enlow created a flowchart to show readers what they should and shouldn’t buy — to provide a roadmap. It’s worth your time, especially during the holiday season.

A Big Safety Net and Strong Job Market Can Coexist. Just Ask Scandinavia. by Neil Irwin
Here’s a politically controversial topic that looks at the high-tax Scandinavian countries. In America, we tend to assume that the more capitalist our economy is, the better we all perform. In reality, the evidence regarding these “free market” principles can be somewhat dubious. Neil Irwin masterfully presents a basic thesis: high-tax countries actually have lower unemployment rates.

The Opportunity Cost of Parents Leaving Their Village by Femme Frugality
Femme Frugality is an inspiring author and parent, who talks honestly about family dynamics and home life in her latest article. Femme provides insight into the pressures put on families — financially and psychologically. Despite these pressures, she emphasizes the powerful opportunity for collective action and shared help. It’s worth a read!

Filed Under: Save Money Tagged With: articles, collectivism, Frugal, Millennials, socialism

Picture The Life, Not The Millions You Want

By Frugaling 3 Comments

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Rich Kids of Instagram photo
Photo: Rich Kids of Instagram

There’s a powerful allure to the “self-made millionaire.” Across vocations and incomes, some of the most viral and popular articles in the personal finance world provide how-tos to readers. And if they’re not step-by-step guides, articles tend to showcase people who’ve succeeded in their path to great financial success.

The lesson is simple: watch and learn. View a role model, and copy the steps to success. Seemingly, this is propagated as a convenient and regular method for monetary gain. Unfortunately, every individual is different — from intelligence to net worth to credit rating. Each of these factors can influence your ability to hustle and follow in these role models’ footsteps.

Too frequently, affording a lifestyle is purely linked to income and wealth. That goal of riches seems empty to me, what do you think? What if we reversed this strange paradigm and reviewed the life, rather than money, we want?

Today I wanted to introduce a new method for success that downplays the millionaire status for something more lasting and rewarding. The following are 5 key elements for a fulfilling and happy life, and may just provide the riches along the way!

Photo Rich Kids of Instagram
Photo: Rich Kids of Instagram

1. Freedom. This is continually at the top of the heap for financially savvy worker bees. Freedom allows for free time, family time, and fun time. Often, more work and income are seen as the pathways to this goal. This ironically can propel us further from freedom and enter into a vicious work-cycle that only perpetuates our desire for more down time. When we scrub away goals of financial riches, freedom and time become crystal clear. Reduce any discretionary spending (if possible), and you’ll suddenly see more money in your pocket — all while maintaining and/or reducing time spent working. Now, you can read that book with your newfound free time (just make sure to check it out of the public library)!

2. Autonomy. People love choice and independence. Heck, as children, our first words are usually “yes” and “no” (right after “mom” and “dad”). We are born, bred, and instructed in the world of autonomy. Imagine for a moment the toothpaste aisle. Can you picture all the options, rows, columns, and sale items? Every time I walk by the toothpaste I’m bombarded by the variations — uncertain where my money is best spent. With more money, we get more choice. With riches, we are able to choose grander items — upgrading from a Ford Pinto to a BMW 7-Series. But this is the unfortunate influence of massive advertising dollars. Will the BMW 7-Series make a fundamentally whole and self-actualized person? Unlikely. And that brings us to the original point of this list: fulfillment. Let’s make fulfilling decisions that last, not spontaneous purchases that fill wants and cravings.

3. Self-worth. The things we own tend to say a lot about us. There’s actually a professor, Sam Gosling, that wrote a book called Snoop: What Your Stuff Says About You. He points out some pretty self-explanatory conclusions about your living spaces. Your home represents you, and can often provide a sense of self-worth. Remove your items, and who are you? Really, I mean it… Without your iPhone, Macbook Air, furniture, photos, and material goods, tell me about yourself. Can you do it? I bet you can, because your self-worth and personhood is bigger than anything you own. After years of shopping sprees and poor financial planning, I realized that once I stopped spending wantonly, my self-worth soared. This is an intrinsic trait that requires inner worth and work — your bank account will never provide true self-worth.

Photo Rich Kids of Instagram
Photo: Rich Kids of Instagram

4. Health/Safety. There are countless examples of wealthy people having bodyguards and security teams. Their money is frequently seen as a path to safety. But this is comically out-of-whack, as the wealthier you become, the more threatened you may feel. Frankly, the stories of billionaires being kidnapped for ransoms should scare anyone. What this tells us is that there’s a middle-ground for wealth and safety. The safest and healthiest levels seem to center on getting your health needs met and living in a proper shelter. Again, this doesn’t require millions.

5. Companionship. I dream of hosting lavish parties in a loft apartment; preferably, encapsulated in the clouds with glass windows. Something modern to look out at the world. What my heart and head is really getting at is a desire for friends and companionship. It speaks in funny ways, when it desires these simple pieces of fulfillment. Companionship and connection with other people is fundamentally human — we are social creatures. But money isn’t necessarily required for that. Sure, you may not look like the Rich Kids of Instagram, floating on a yacht full of tanned 20-somethings, but there are people who care and will be around when the going gets tough; again, regardless of the digits in your bank account.

Filed Under: Save Money Tagged With: Autonomy, Billionaire, Choice, Companionship, freedom, health, Millionaire, rich, Rich Kids of Instagram, Riches, RKOI, Safety, Self-worth, Wealth

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