It’s been a l-o-n-g time since I posted a batch of links. I’m not sure why. Maybe it’s because I’ve been so wrapped up in my personal life lately. Speaking of which: What am I actually doing nowadays, anyhow? I’ve been kind of quiet about that, haven’t I?

Well, I’ve been focusing on the things that I most enjoy. That means learning Spanish, of course. I’m now eleven months into this project. I continue to take 4-1/2 hours of private lessons every week. I’ve also been volunteering in a second-grade dual-language classroom, and I’m volunteering to teach English to a native Spanish speaker. (I meet with her between two and four hours each week.) Plus, I do lots of other little things to accelerate the learning process. I love learning the language and believe I’m a solid intermediate speaker now. My lessons are becoming increasingly esoteric. And yesterday I found myself thinking in Spanish without any reason to be doing so! Love it!

Meanwhile, I’m still focusing on fitness. This month, I’ve been to my Crossfit gym in Portland every single day. (And my body aches because of it!) I’m also writing tons, helping to plan this year’s World Domination Summit, spending lots of time with friends, and, yes it’s true, I’ve begun dating.

I have a good life.

But this isn’t my personal blog. This is my finance blog, and you come here to learn about money. To that end, here are some articles I’ve been collecting from around the web.

To begin, I liked this recent question at Ask Metafilter: What’s like a Brooks Brothers shirt, only cheaper? As you know, most of my wardrobe is based on clothing from Costco and thrift stores. That’s begun to change with time (hello, REI and Icebreaker!), but I’m still trying to figure out how to dress like an adult — frugally. This thread was useful for me.

Another question: How much will it cost to live to 100? If Smart Money is to be believed, you’ll need $3.5 million: $1.5 million for your first fifty years of life, and $2 million for your last fifty.

And another question: Will driving a Prius save you money? Not unless you own it a hell of a long time. If your goal is to save money, you’re better of walking, biking, or taking mass transit — or buying a cheap fuel-efficient car. (There are other reasons to own a Prius; personal economics isn’t one of them.)

Elsewhere, friend-of-the-blog Scott Dinsomre recently published a five-minute test designed to answer the question “Should I quit?” In his e-mail to me, Scott wrote:

This is a 3-minute yes/no test that calculates a score to help someone understand how healthy (or unhealthy) their work situation is, and whether they should quit. Depending on your score, you get access to a bunch of free tools to make the transition. My goal is for it to be a wakeup call and ideally something where people share and compare their score with friends and coworkers and create some real change.

Finally, another friend-of-the-blog, former staff writer Adam Baker, is in the midst of his next mad project. He’s producing a feature-length documentary film on complacency — what it is and how to overcome it. Here’s the trailer for “I’m Fine, Thanks”:

Adam and his crew are funding this project (in part) through a Kickstarter project. Not familiar with Kickstarter? It’s a “crowdfunding” website where average folks can contribute a few bucks to make big dreams come true. If you’d like to support Adam, go check out the “I’m Fine, Thanks” project page at Kickstarter.

This article is about Spare Change

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This article is by staff writer April Dykman.

I’ve been a staff writer at Get Rich Slowly for three-and-a-half years and an editor for the last one-and-a-half. In fact, I was one of the first staff writers to come on board, along with Adam Baker of Man Vs. Debt.

But this will be one of my last articles as a staff writer. My last official day will be July 4.

From reader to writer
When J.D. first hinted about a contest for staff writers, his search was already underway. I thought the names were in and the deal was done.

But I loved Get Rich Slowly, and I was a long-time reader and active commenter. I also wanted to become a full-time freelance writer.

I took a chance and emailed him, and it was one of the best decisions I’ve ever made. Yes, the names were in, but he was willing to add another.

Facing big fears
I told a few people about the staff writer tryouts, and while some were encouraging, others weren’t. “You’re writing your tryout articles for free?” said one part-time freelancer. “That’s never a good idea.”

I admit, I thought maybe it was foolish. There were some great writers in the running, some with blogs of their own. Although I had a lot of writing experience, I was inexperienced at writing for blogs or writing for websites at all, for that matter.

I also was terrified to put my writing out there in cyberspace. I was scared of what you guys would say in the comments — J.D. has a thick skin, but I most certainly did not!

Although I was nervous, I’d already thrown my name in the hat, and there was no way I could back out. I submitted these two articles, and waited in fear for the day they went live:

Of course you know how it turned out. You, the readers, and J.D. welcomed me on staff.

Learning and growing
Over the past three years, I’ve written quite a few articles! Some were popular, some struck a nerve, and others just plain fell flat!

But let’s not dwell on the bloopers. :-) Here are a few of my favorites:

The more I wrote, the more I got to know all of you. I learned to read comments and accept criticism as part of the job. I also got constructive criticism that made me better and words of encouragement that made my day.

J.D’s feedback was invaluable. He made me a better writer and better able to connect with all of you. His trust in me to edit guest posts and manage staff writers gave me more confidence and widened my skill set. I’ve even emailed him for travel advice!

In addition, my freelance business started to grow. I got a couple of clients who found me on GRS, but more importantly, I had the courage to pursue freelancing as a full-time job. I didn’t really believe I could write full-time before working for GRS — part of me thought it wasn’t possible to earn a decent living as a writer.

But two years ago, I was able to quit my job.

Work-life balance
As it turns out, work life has been very good. In fact, a few weeks ago, I realized I was becoming a workaholic. This was definitely a new development, as I’ve always fiercely guarded my personal life from work intrusions.

But I was skipping out on piano lessons and time with friends. I’d eat dinner with my husband, but then pull out the laptop and work until the wee hours of morning.

I let work encroach on my personal life because I love what I’m doing so much that I don’t want to stop. Twice I even forgot to eat lunch! (I also write a food blog for fun, so forgetting to eat is kind of a big deal for me.)

While loving my work is great, I knew this wasn’t a lifestyle I could sustain. My mentor pointed out that this is what causes burnout.

It was a hard decision to leave. In fact, I made my husband press “send” on the email to J.D.! I couldn’t do it! But I need to step out of my comfort zone and focus on projects that challenge and scare me again.

Not exactly goodbye
Nevertheless, I’m so attached to this site and community that I couldn’t quite close the door completely. Although I’m no longer an editor and my last day on staff is July 4, I was given the okay to come back from time to time and write for GRS. And of course I’ll be among you as a reader!

So it’s a not-quite goodbye, and a very big thank-you. It’s been a privilege to write for you.


This post is from staff writer Tim Sullivan.

“I don’t know what they want from me. It’s like the more money we come across, the more problems we see.”
— Notorious B.I.G.

For a while, just like Notorious B.I.G., I battled the stresses of lifestyle inflation, though on a much smaller scale. I was making more money than ever, yet more nervous about finances as well. I was more knowledgeable and more empowered with money than ever, but somehow still felt like catastrophe was right around the corner.

I sat down to look at the financial infrastructure I’d set up and my heart sank. I thought I had it all together: automated savings and bill pays, targeted accounts, investments. Everything. But it all suddenly felt so wrong. My liberal arts degree couldn’t help but cry out, “Tim, this doesn’t express you.”

The Penniless Year I Felt Rich
I spent a year paying off my student loans, devoting almost all of my disposable income to this project. I was inspired. My quality of life went through the roof because my Sunday walks through the nearby forest were freeing — mostly because they were free. In fact, I walked everywhere. Every book I got out of the library was a victory as I smugly checked the retail price on the back. At the end of every month, I tallied my savings and felt like I ruled the world.

I was dead broke. Man, it felt good.

Devouring Financial Advice
Repaying my loans was a huge step forward, and I was ready for my new financial outlook. I read everything I could about personal finance. It was all so persuasive. I started doing everything.

  • I put together a budget.
  • I set up investment accounts.
  • I automated anything I could. (I even automated 1% of my paycheck to go to a targeted savings account, a puppy fund, in case I ever decided to get a puppy!)
  • I got credit cards for the rewards.
  • Then I read something that made me cut up all my cards.
  • Then, weeks later, reading more about hidden perks, I called to get my cards sent to me again. I automated those and then froze them in my freezer.

I was being a good finance soldier, following the advice of experts.

In the personal finance books, the authors’ voices are strong and convincing. They seem to have all the answers even if they constantly contradict each other and, often enough, themselves.

The Story I Bought
As many personal finance gurus recommended, I set up auto-withdrawals into my savings accounts. Outside of my retirement account, I had targeted savings for all of the following:

  • Grad school
  • Future home
  • Future kids’ college fund.
  • Honeymoon
  • Car
  • Puppy fund

I was 23 years old, single, and didn’t know if I was going to stay in France or move back to the States. I didn’t know if I wanted to go to grad school or even what I would study. Yet still, I continued contributing because that seemed like what I was supposed to do. Never mind that I hated the idea of owning a car. I just thought it was the adult thing to do. As I acquired wealth, things like buying a car, or even a house, became more tangible, and because of that, they were causing me stress. Mo’ money, and — in this case — mo’ information caused me to create my own problems.

I bought into the story that you graduate college, get a job, work hard, get married, buy a house, have kids, send them to college, and, eventually, retire. This trajectory was so heavily ingrained in me that I couldn’t shake it.

The road to wealth is paved with goals is one of J.D.’s tenets. I had goals set based on the idea that there’s one right way to live. It was cathartic watching my automated system run its little gears to all the separate accounts. I got so much satisfaction from checking my accounts and seeing all the little numbers rise, but then a few hours later, I’d worry if I was putting away enough, or if I was putting too much somewhere, or not enough into my retirement fund. So what did I do? I read more…

I saw all the charts about what saving for retirement looked like if you started young versus if you started a decade or two later. I thought I could exponentially increase my future wealth if I just put more away now. But what about my short-term goals?

I was a mess. I thought about money all the time. I was a few years into my personal finance adventure and already felt like I was having a midlife crisis. I was over-thinking. I needed to take a step back.

My Actual Goals
I wanted to find the excitement I had while repaying my student loans again. I wanted goals that made sense and were important to me. I didn’t know if I wanted to own a house, much less what city to put it in. A car seemed like a terrible idea for me. And Chairman Meow, who entered my life for free when my girlfriend’s co-worker found him in a box, converted me from my dogs-only mentality. Grad school… shrug …maybe someday. Future kids’ college fund? It all just seemed too far away!

But more money shouldn’t lead to any of these problems. It should enhance my already happy lifestyle.

Here’s my step back: I took away my targeted savings accounts and contented myself with having one account marked “savings” and one marked “Istanbul”. That’s enough for me.

Savings gets a chunk because there will be more concrete goals in the future and I’ll have a huge jump start on them. I really wanted to do everything right and have a leg up, but as I find out more and more, just as there are different developmental stages of our emotional lives, there are different stages of our financial lives. There are no shoulds or shouldn’ts. And maybe being debt-free and stashing some money toward the future, whatever it may hold, is just right for me — right now.

Have you found yourself in a trap of over thinking your finances? What have you done to simplify and make your system of saving more appropriate for you?

Tip: The last thing I did to stop worrying about where every dollar went was set up an auto-payment to Doctors Without Borders. Yeah, it’s a good cause. But for me, I figured if I was giving money away, I really had no reason to freak out about it — a few dollars less and a lot fewer mental problems.


This post is from GRS staff writer Donna Freedman. Donna writes the Frugal Cool blog for MSN Money, and writes about frugality and intentional living at Surviving And Thriving.

A few years ago I challenged MSN Money readers to carry their lunches two to three times a week for a month, and then figure out what they’d saved. The most common reaction? Shock. The most common refrain? “I just never added it up before.” When they did, they found they’d been spending $25 to $80 a week on lunches out — even when sticking to the daily special or using BOGO (buy-one, get-one) coupons. Yikes.

20060731_0173Understand: This column isn’t a screed against restaurants. It’s a reminder that some old frugal tricks still get results. Lunch away from the workplace can be fun and restorative. Sometimes it’s even a networking/team-building issue. Five days a week, though, can mean some serious coin. Even if you could get away with $5 lunches every day (and can you?), that’s up to $1,300 a year.

Surely you could do it cheaper than that, even if you spring for the wasabi mustard and Boar’s Head turkey breast. Why not carry your own lunch three times a week and see what you can save?

When lunch = sandwich
Deli meat and cheese, tuna, egg salad and PBJs are staple sammies, but a little variety can help keep you on the wagon. For example:

  • Use almond butter or multi-nut butter, and the best jam you can afford.
  • Add crunch and you’ll add interest. Start a batch of sprouts. Dice some celery or onions. My mom liked thinly sliced cucumbers on her sandwiches.
  • Play around with condiments: barbecue sauce on leftover chicken or roast beef, creamy horseradish on meat loaf. Try a couple of different mustards.
  • Spread a hot-dog roll with peanut butter and add a whole banana. Fun!
  • Cook and crumble some bacon. A little goes a long way on egg salad, turkey and cheese, or even peanut-butter sandwiches.
  • Roasted and/or marinated vegetables are delicious on good bread. See Tamar Adler’s An Everlasting Meal: Cooking With Economy and Grace for ideas. (My favorite: pickled beets and hard-cooked egg.)
  • Changing the bread can make a big difference. Pita, pumpernickel, “everything” bagels or onion rolls make everyday fillings new again.

Sandwiches don’t always mean sliced bread. Roll up your ingredients in a flavored tortilla. Pack hummus or baba ghanoush with flatbread and a side of olives and tomatoes. Crackers, cheese and fruit make a quick and easy lunch.

3 ways to combat soggy sandwiches

  • For PBJs: Spread peanut butter on both slices, then put the jelly in between.
  • For meat and cheese: Spread the mustard or mayo between the ingredients rather than on the bread.
  • For hoame-made hoagies: Pack lettuce, tomato, onions and oil in a small container. If possible, bring a whole tomato and a small paring knife — freshly sliced tomatoes have more personality.

Incidentally, sandwiches don’t have to be wrapped in foil, plastic wrap or wax paper. For my entire adult life I’ve carried them in a Rubbermaid container.

Speaking of containers: You’ll want a few extras, whether they’re designed for food storage or repurposed from elsewhere. Use them for things like carrot sticks, pickles or desserts.

Use it up — all of it
When I worked at the newspaper my lunches were more leftovers than sandwiches. In part that was because I prefer a heavier lunch and a lighter supper. It also kept that last lonely serving of lasagna from growing a fuzzy little blue-and-green beret.

Maybe no food ever gets wasted in your household. (Parents of teenagers are nodding vigorously right about now.) In that case, freeze some of your batch cooking in single-serving containers.

Not a batch cooker? Cook a little more than you’d planned, such as using the entire 16-ounce package of spaghetti or throwing an extra chicken breast on the grill. Instant leftovers – just add lunchbag.

Tip: Or “engineer” your leftovers, i.e., set aside one serving before you put dinner on the table.

Keeping food cold is an issue if there’s no workplace fridge, or if you’ve found that lunches aren’t safe there. I’ve had my food stolen from time to time and it always irritated the hell out of me.

If this happens where you work, get a small cooler or an insulated lunch bag (I found mine in the free box at a yard sale). Putting in a bottle of frozen water or juice into either one will keep your food chilled. You could buy a freezable cold pack, but where’s the frugal fun in that?

Gearing up
You might forget your lunch a few times until you get in the habit. Keep some basic supplies at work: peanut butter, canned soup, crackers, granola or protein bars, dried or canned fruit.

Note: These items are also handy if something keeps you from having breakfast before you get to work.

Another option: Keep a shelf-stable entrée or one of those lunch kits (tuna, ham salad) at work. They’re pricey, but still cheaper than going out to eat.

If I were a betting woman (which, I guess, I sometimes am) I’d wager that a large majority of workplaces now provide use of a microwave oven. Some people worry about chemicals leaching from plastic containers. If that’s you, check garage sales or thrift stores for an extra glass or ceramic bowl/casserole to keep at work.

Look for an extra spoon, fork and knife, too, if you’re determined to keep your wedding-gift cutlery as an intact set. An extra paring or serrated-edge knife is handy, although it might make your supervisor nervous to see a blade on your desk.

If you do use plastic, be aware that certain foods (especially tomato-based ones) will stain the dish. I’ve heard that coating the container with nonstick cooking spray keeps stains from happening. That seemed like an unnecessary expense (plus additional cans going into the trash), so I simply resigned myself to having one butt-ugly Tupperware bowl.

Lunchtime sips and lunchtime tips
What about beverages? Water is the healthy and frugal choice, but you might want something with a little more zip. Soft drinks are frequent loss leaders, and flavored drink mixes are generally inexpensive. I prefer homemade iced tea.

Put your potable wherever you keep your other lunch stuff, e.g., the top fridge shelf. Note: Filling five bottles with tea (or whatever) on Sunday night means you can grab and go all week.

Some people make a week’s worth of sandwiches at a time, too. That idea never appealed to me, but organizing my lunch the night before certainly did. Just a few minutes each evening meant a less stressful morning.

So set that container full of leftovers next to the drinks and put an orange on top. Keep these tips in mind, too:

  • “Baby-cut” carrots go on sale fairly frequently, and are one way of getting beta carotene into the prep-averse. Personally, I prefer to lathe my own carrots. In fact, I’ll do a few days’ worth of carrots, cukes or celery at a time.
  • Make pudding or gelatin and pour it into repurposed containers. (Healthier version: homemade yogurt.)
  • Wash apples, grapes or whatever fruit you like and put it on the “lunch” shelf in your fridge. Or make fruit salad and apportion it into containers.
  • Wash a few days’ worth of greens and add grape tomatoes, mushrooms, radishes or anything else you want.
  • Keep hard-cooked eggs on hand. Not just for sandwiches: An egg, a little leftover chicken and a few bits of cheese turn a bowl of greens into a chef’s salad.
  • Fill small bags or containers with chips, snack mix or cookies – much cheaper than those petite prefab pouches.
  • Not much of a cook, or too pressured to pack some days? Watch for sales on frozen single-serve dinners, which are less expensive than lunch out. I’ve seen some particularly tasty-looking iced entrees at Trader Joe’s.

Spending less at the noon hour isn’t the goal. It’s the means to a goal, so start thinking about what you’ll do with the money you’ve saved. Will you snowflake a debt, beef up a retirement account, pay for a summer vacation, keep the utilities current?

Every dollar should have a job. Otherwise the money will wind up being spent in ways you might not even notice.

Recording your progress — seeing your debt disappear or your emergency fund grow — gives you a specific reason to keep away from the Value Menu. You may find that team-building can take place in the workplace cafeteria, too.

Sack lunch photo by lilszeto.


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