Frugal Toad Best Reads of the Week – Frugality Tips Edition

This week I found some great articles on frugal living and frugality.  One theme that seems to be a common one is the many ways to make simple changes in daily spending habits that can result in substantial savings.

Frugal Tip of the Week

Take small savings and leverage them to build wealth.  For example: Try cutting discretionary spending like eating out or staying in a budget hotel for a vacation instead of a more expensive option.  Once you are able to make permanent monthly savings, increase your 401k contribution and invest these savings in a low-cost diversified mutual fund.  By increasing your 401k contribution you are lowering your taxable income and building wealth at the same time.  For those lucky enough to have an employer that matches your retirement account contributions, you can have the added benefit of a “free money” match.

Best Reads of the Week with a Frugal Theme

Cash Flow Mantra has some great tips on saving money with Is There a Cheaper Alternative?

Money Cactus shows us just how important simple decisions can affect your bottom line with Why Your Actions Make You Poor

Praire Eco-Thrifter shares How to Keep Your House clean Without Spending a lot of Green.

Ultimate Smart Money offers tips on cutting your monthly bills with 3 Popular Tips to Build a Saving Nest by Cutting Monthly Bills

Wisebread, one of my favorites, shares great advice on saving money with Ways to Save $1 a Day

Dont Quit Your Day Job shares How to Define ‘Savings' it's a great read!

My Journey to Millions discusses an important topic with Household Saving and Spending Advice

Carnivals Mentioning Frugal Toad

Totally Money Carnival #51 hosted by Passive Income to Retire

Carnival of Financial Camaraderie WTF Edition hosted by Financial Success for Young Adults

Carnival of Financial Planning Edition – #220 hosted by Credit Cards Canada

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11 Responses to Frugal Toad Best Reads of the Week – Frugality Tips Edition

  1. UltimateSmartMoney 01/31/2012 at 7:10 pm #

    Tips of the week is nice! Thanks for mentioning my site.

    • Paul 01/31/2012 at 10:45 pm #

      My pleasure!

  2. Newlyweds on a Budget 01/30/2012 at 10:48 am #

    I agree that small changes are the way to save money. People think you need to be able to save at least like $100 every month, or week to make a difference, and it’s really just starting little by little and increasing from there…

    • Paul 01/31/2012 at 10:37 pm #

      It is important to start good saving behaviors early in your marriage and stick with them. Small successes early on will help you to aim higher later on.

  3. PK 01/30/2012 at 9:55 am #

    Thanks for including Cameron’s article! He still thinks he has the better of the argument – which, I suppose, he does when using the strict definition. Too many judgment calls in my definition, haha.

    • Paul 01/31/2012 at 10:34 pm #

      Maybe you and Cameron can debate the topic on DQYDJ? That would be entertaining!

      • PK 02/01/2012 at 9:53 am #

        Do you mean, again? Haha.

        We’re goin gto get into it again at some point on the topic of whether or not voting is worth it. Should be good!

  4. Jai Catalano 01/30/2012 at 9:02 am #

    Great tip. I used to buy diet soda everyday at $2 a pop. I stopped at the beginning of the year and now have saved approximately $50 this month.

    • Paul 01/31/2012 at 10:32 pm #

      Good for you Jai! Think of all the calories you are forgoing as well. 😉

  5. Shaun @ Money Cactus 01/30/2012 at 3:09 am #

    Thanks a lot for including my article, love the tip of the week too!


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