I did a semi-unfrugal thing today. I drove to Costco to buy a new pair of pants. While I was there, I bought a new shirt. I’ve lost a lot of weight this year, you see; but more than that, I’ve lost a lot of girth. My Crossfit workouts and improved diet are starting to pay off.
On January 1st, my size 38 jeans felt tight. Today, my size 34 jeans were feeling loose, and I no longer had a belt that would hold them up. (I need a new belt, too.) So, I bought a pair of size 32 jeans at Costco, along with a medium-sized shirt. I know I could have just walked to Goodwill and bought a belt, but I couldn’t help myself. It’s been about ten years, I think, since I’ve worn size 32 pants and a medium shirt. I had to see if I could fit in them again. And I do!
Now that I’m done tooting my own horn, here are a few finance articles from around the web:
First up, David sent me an article that marries two of my passions: finance and comic books. An anonymous family was about to lose their home to foreclosure, a home that had been in the family since the 1950s. (Which makes me wonder why nobody in the family had bothered to buy it outright in sixty years…) As they were packing stuff to move, they found a bunch of old comic books, including a copy of Action Comics #1 in very good condition. This comic, which features the first appearance of Superman from 1938, could fetch up to $250,000 at auction, which ought to save the family homestead.
Next, my very own wife shared a USA Today story about 40 wealthy families who have agreed to donate most of their money to charity. Bill Gates and Warren Buffett are asking other billionaires — including George Lucas, Ted Turner, and Paul Allen — to sign a pledge that they’ll donate at least half of their wealth to philanthropic causes. So, make sure you let the billionaires in your life know about this so they can join!
Meanwhile, Frugal Dad’s frugal daughter offered a guest post on 10 ways to save on back-to-school shopping. I think it’s fun to read personal-finance advice from a kid’s perspective — especially when the advice is good!
Finally, this list of ten stock-market myths that just won’t die from The Wall Street Journal just makes me tense. Yes, some of the items on the list are myths. But the “de-bunking” of other myths is, well, hogwash. It’s cherry-picking of the worst sort. You can’t dismiss long-term results in one breath and then dismiss short-term results in the next. If you do that, any investment sucks. It’s a list of myths that creates more myths.
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This article is about Spare Change