What a Backpack Taught Me About Cheap vs. Frugal

cheap vs. frugal

It was 2009, in the midst of the recession, and blogs full of bargains were all the rage. I was pretty excited to read about how I could get a backpack for my little kindergartner for free!

If I spent $10 on other items at this store, I could get him a free backpack with his favorite superhero splashed across the back. No biggie, since I needed groceries anyway. While we were there, he chose his backpack. (Of course, we had to have the matching lunch box.)

This cheap vs. frugal post was written by Jamie Jeffers, our incredibly talented staff writer!

What a Backpack Taught Me About Cheap vs. Frugal

…Before we even got to Christmas break, the straps were already broken. We tried to tie them up the best we could, but it was also wearing out at the bottom.

My free backpack wasn’t such a . . . → Read More: What a Backpack Taught Me About Cheap vs. Frugal

How to Save Big On Back To School Shopping

save big on back to school shopping

Summer is almost over (Seriously? It feels like it just started!), which means many children, and their parents are preparing for back to school. Did you know that in 2015, parents in the U.S. spent $25 billion dollars on back to school shopping? That’s an average of $630 per child. Holy crap!

This post has been written by Kimberly Studdard, our regular staff writer.

How to Save Big on Back to School Shopping

If you’re like most, I doubt that your bank account is loaded up with hundreds (or thousands if you have multiple children) of dollars, just waiting to dole out on your kids for this upcoming school year. So what can you do to save big on back to school shopping?

1) Inventory Check

Before you go shopping or even set a budget, you need to check and see what you already have. Keep a running checklist . . . → Read More: How to Save Big On Back To School Shopping

10 Cheap Recipes You Can Make in 15 Minutes or Less

cheap recipes you can make in 15 minutes or less

Want to cut your expenses so you can get out of debt? The top 3 most expensive budget items today are your house, your car, and FOOD. If you want to put a dent in your debt, tell your stomach to watch out! It’s time to make a change!

10 Cheap Recipes You Can Make in 15 Minutes or Less!

This post has been written by our talented staff writer, Kimberly Studdard.

Even if you love cooking, chances are life can get in the way sometimes. Many days, families, busy professionals, or college kids just don’t have the time to make a delicious 4-course meal. And to top it all off, food can get expensive! But it doesn’t have to be that way. Here are 10 cheap recipes you can make in 15 minutes or less.

#1. Simple Fried Rice

Fried rice is one of the ultimate cheap recipes . . . → Read More: 10 Cheap Recipes You Can Make in 15 Minutes or Less

7 Tips to Save Up Cash for Your Next Rental Purchase

save up cash for your next rental

Want to buy a rental property? I always recommend doing it with cash.

And then of course I hear this…

“Derek, you must live in some kind of fairy tale if you think people can save up enough cash to buy a property outright. Most can barely do it with a loan!”

Well, I’m not most people, and you shouldn’t be either…because most people are broke and have constant setbacks from their continual poor choices!

Instead of living in the land of “most people”, let’s first discover the major benefits of buying a house with cash:

Never pay interest to the bank – this alone is hundreds of thousands of dollars in savings No need to pay for an appraisal – saves time and makes it more appealing to the buyer Cheeeeaaap closing costs – since the greedy bank isn’t involved, you save thousands here A reduced purchase price – . . . → Read More: 7 Tips to Save Up Cash for Your Next Rental Purchase

How to Host a Cheap Summer Party for Less Than $150

cheap summer party

Summer brings the heat, pools, and barbecue’s, but it also brings the parties! With 4th of July, back to school sales, and lots of other fun days, a cheap summer party is a great way to get everyone together before summer ends. But how do you throw a party for less than $150?

This post was written by the ever-talented Kimberly Studdard.

Keep Invites Minimal

This pertains to both the invites themselves, and who you choose to invite to the party. Are you friends on Facebook with all of the people you want to invite? Create an event and invite them virtually. Can your kids text their friends or invite them by word of mouth? Have them do so! Don’t spend extra money on your cheap summer party if you don’t need to.

If you still want to send an actual invite, that’s okay! Try delivering them by hand . . . → Read More: How to Host a Cheap Summer Party for Less Than $150

Top 5 Ways You’re Losing Money When Buying a Car

losing money while buying a car

According to USA Today, over 17.5 million new cars were sold in the U.S. in 2015…. And then a new record was set in 2016 with sales topping 17.55 million.

We Americans sure love our cars, and sometimes we get so enamored with the look, the smells, and the status symbol of the brand that we lose all sense of logic during the new car purchase. And with the escape of logic, we often find ourselves questioning our purchase just hours after the buy…

Top 5 Ways You’re Losing Money When Buying a Car

You’re losing money, you know it, but what’s really happening during the car sale? And how much are you getting screwed because of what you don’t know?

It’s time to stop the madness. Take note of these 5 ways you’re losing money when buying a car and vow to never let them happen again.

1) . . . → Read More: Top 5 Ways You’re Losing Money When Buying a Car

30 Things To Do Instead of Spending Money

Instead of Spending Money

It can be hard to reduce your spending if you love having fun. But entertaining yourself doesn’t have to be expensive, and there are quite a few things that you can do instead of spending money on an expensive concert or dropping $40 for a night at the pub. Instead, here are the top 30 things that you can do without spending a dime! (Extroverts, be sure to thank me in the comments below! :))

30 Things To Do Instead of Spending Money

This marvelous guest post was written by our very own, Kimberly Studdard.

#1. Go To The Park

What better way to get in some exercise and sun than to go to the park? You can even choose a park with a pond so you can relax near the water.

#2. Go To A Free Event

If you love going to the movies or listening to live . . . → Read More: 30 Things To Do Instead of Spending Money

Interest Rates Are Going Up, Should You Refinance Your Mortgage?

“If I refinance my house today, I could save an entire percentage point in interest! It’s a no-brainer, right?!”

Ummm…not necessarily….

Just because you can save 1% on something doesn’t automatically mean it’s a good idea, ESPECIALLY when there’s an up-front cost of doing it.

Should You Refinance Your Mortgage?

Just a few months ago, rates for a 15-year and 30-year mortgage were 2.7% and 3.4%, respectively. Today, since the Fed has decided to raise the interest rates, mortgage rates have followed suit and stand at 3.18% and 3.95%.

So the big question is: With mortgage rates on the rise, should you refinance your mortgage?

Well, just like almost every decision in this world….it depends….

How Much Does It Cost to Refinance Your Mortgage?

So many people go into a mortgage refinance completely blind. They know they can save on interest and that it’s probably the right thing to . . . → Read More: Interest Rates Are Going Up, Should You Refinance Your Mortgage?

4 Ways to Make Saving Money More Fun

make saving money more fun

I remember as a child pulling a dollar bill from a birthday card. I ran to my room with it clutched in my fist. When I got there, I carefully folded it so it would fit into the Care Bear bank my aunt had made for me.

I’m not sure that I was exactly excited about saving the money. But I knew that later I could pull it all out, count it up, and see how many packs of baseball cards I could buy.

This post has been written by our fantastic staff writer, Jamie Jeffers.

4 Ways to Make Saving Money More Fun

If you aren’t the type of person who naturally gets a kick out of saving money, don’t worry! There are ways to make saving money more fun…and even a bit interesting as well! Let’s find a way that sounds like the most fun to you.

Why . . . → Read More: 4 Ways to Make Saving Money More Fun

How to Build a Capsule Wardrobe to Save Money

capsule wardrobe

If you find yourself buying new clothes because you can’t find your favorite jeans, or if none of your outfits ever seem to be put together, you may want to try out building a capsule wardrobe to save money. Not only will it save you money, but it can also help you save time, energy, and frustration when picking clothes to go about your day.

This post was written by our regular writer, Kimberly Studdard.

How to Build a Capsule Wardrobe to Save Money

So what is a capsule wardrobe? While a capsule wardrobe hasn’t truly been defined, it can be considered as a small collection of fashion pieces that never go out of style. The biggest key to having a capsule wardrobe is to have it be as minimal as possible, typically anywhere from 15 pieces to 40 pieces.

With any great capsule wardrobe, all the items in . . . → Read More: How to Build a Capsule Wardrobe to Save Money