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Several years ago — as I was clawing my way out of debt — I did a dumb thing and subscribed to Newsweek. I didn’t subscribe for just one year — I subscribed for four. As penance, I wrote an early GRS article about how having too many magazine subscriptions is un-frugal.
Recently, though, I’ve come [...]

[read all of The Accidental Slumlord]

“If we’re going to have a free-market capitalist society, we’ve got to give people the tools to not be victims” — John Cammack, T. Rowe Price

I get a lot of e-mail from PR firms. I ignore most of it, but occasionally something stands out. One recent message invited me to make a trip to Orlando [...]

[read all of The Great Piggy Bank Adventure]

I don’t watch much television; I’m more of a books and magazines and newspapers kind of guy. But I’ll make an exception this Friday. ABC will be broadcasting a special entitled Un-Broke: What You Need to Know About Money. According to the website:
Schools teach us almost everything, but not “Money 101.” For the basics on [...]

[read all of Un-Broke: What You Need to Know About Money]

Sunday’s issue of The New York Times Magazine was all about “the dilemmas of debt”, and featured stories like:

“Suze Orman is having a moment”, a profile of the popular personal-finance guru
“What does your credit-card company know aobut you?”
“The China puzzle”, which looks at the economic relationship between the U.S. and China
And shorter articles about [...]

[read all of A First-Hand Account of the Subprime Mortgage Crisis]

This is a guest post from Robert Brokamp of The Motley Fool. Beginning today, Robert will contribute one article to Get Rich Slowly every two weeks. It’s my hope that he’ll bring a fresh perspective to this site, while also providing coverage of topics where I have weaknesses. Today he’s writing about one of my [...]

[read all of Three Lessons from Warren Buffett]

Over the past few months, the mainstream media has been filled with stories about the New Frugals and the return to thrift. People who once lived beyond their means, financing their lifestyle with debt, have “found religion”. They’ve begun to embrace frugality, and have discovered the joy that can come through spending less.
The new age [...]

[read all of The New Age of Thrift]

In a study that will appear in December’s issue of the Journal of Consumer Research (but which was published online last month), Priya Raghubir and Joydeep Srivastava argue that “the denomination effect” makes us less likely to spend large denominations (a $20 bill, for example) than small denominations (such as twenty $1 bills):
The results suggest [...]

[read all of Want to Spend Less? Carry Bigger Bills]

Over the weekend, Kevin and Nathaniel both sent me an article from the St. Louis Post-Dispatch that tells the story of Jane M. Buri, an 84-year-old social worker who quietly amassed a $1.4 million fortune. How did she do it? She practiced the art of thrift. From the article:

In retrospect, friends say Buri’s savings made [...]

[read all of 84-Year-Old Social Worker Saves $1.4 Million]

This is a guest post from Kevin, who writes about getting and staying out of debt at No-Debt Plan. Previously at GRS, Kevin wrote about the power of attentive spending.
Many Americans will begin receiving a few extra dollars in their paychecks this month. Thanks to the latest round of economic stimulus from the federal government, [...]

[read all of Economic Stimulus and the Marginal Propensity to Consume]

When you make a major purchase, how do you choose between competing products? Do you buy solely on price? Or do you consider features, quality, and brand reputation?
A new study in the April 2009 issue of Journal of Consumer Research reveals that our purchasing decisions are susceptible to the influence of external descriptions. When [...]

[read all of Product Specifications Influence Consumer Preference]

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