Frugal Tip: Drink Water instead of Caffeine

Sorry it’s been a while since my last Frugal Tip. Inspiration, it seems, comes in spurts. Today’s tip deviates from my traditional tips in that I haven’t yet implemented this time (I have all the others). What is Caffeine? Information via Wikipedia: Caffeine… Caffeine was discovered by a German chemist, Friedrich Ferdinand Runge, in 1819, and is a bitter, white…

The Dave Ramsey Experiment

At the beginning of this year the owner of the company I work for presented us with a challenge: Read Dave Ramsey’s The Total Money Makeover and adopt its principles. He was so  passionate about this book that he bought every employee a copy with the request that they read it. I didn’t wait for the company to buy the…

Bank Bailout: how it could have been done

What was at the core of the financial crash of 2008/2009? In a word: credit. Hear me out on this… Banks were lending people money. This is money that the people didn’t have to begin with, but spent it anyway because of the culture that big banks created and marketed. People then lost their jobs and were unable to pay…

Google to serve ads based on your credit score?

Some of you may remember when Google teamed up with the credit score company (anyone remember the name?). They’ve laid low ever since… until today. Via Twitter, Google is preparing to serve ads for “high-end” or “luxury” goods and services to people with higher credit scores. No one is going to complain about that, right? It’s what’s been unsaid that…

Frugal Tip: Snowball your debt

This one comes straight from Dave Ramsey, and it’s mathematically WRONG. The fact that it goes against everything your high school math teacher taught you is part of the reason why it works so well! Before you embark on this Frugal Tip… Before you attempt this Frugal Tip you need must have some debt (other than your home). If you…

The Total Money Makeover

Barry Mower of Lifetime Products recommended Dave Ramsey’s The Total Money Makeover to his employees. He said that the “system” in the book wasn’t easy but that a lot of people had recommend it to him. I started to imagine the Rich Dad, Poor Dad series that advocates finding ways to get your money to work for you (rather than…

Finished Baby Step Number One

My wife and I have recently decided to undertake Dave Ramsey’s Total Money Makeover to help us get out of debt and secure our financial freedom. Dave recommends the following seven-step process to achieve financial independence, he calls these the “Baby Steps to get your finances in order and on track.” $1,000 to start an Emergency Fund Pay off all…