Pennysaverblog – Page 322 – Smart Finance and Money Saving Tips

General

Is It Possible To Be Too Frugal?

There is nothing wrong with being frugal, at least to a point, but is there ever a time when people can go just a little too far in trying to save their pennies?

When I was a university student I was extremely frugal. I only took the bus when absolutely necessary and whenever possible I would ride my bike or walk to my destinations. I bought the bare minimum food that I needed and always bought the cheapest of everything. I bought my clothes at thrift stores when I had to, but seldom bought anything for myself other than absolute necessities. My goal was to reduce the amount of student loans I would need. My lifestyle paid off, but some people might consider my style as too frugal.

May 18, 2010

Book Reviews

Personal Finance For Canadians For Dummies Book Review

Personal Finance For Canadians For Dummies by Eric Tyson, MBA and Tony Martin

Personal Finance For Canadians For Dummies is a great read for anyone wanting to brush up on various aspects of personal finance ranging from reducing taxes to investing to budgeting.

I really appreciate the style of writing used in this book as it is so easy to follow and understand, and believe it or not, the book isn’t boring like so many finance books seem to be.

May 16, 2010

Shopping

Is It Worth Your Money? Take The Quiz To Find Out

Do you think it is worth the money to have a lawyer draw up your will?

Do you consider generic prescription drugs to be as effective as the more expensive brand names?

These and other topics are brought up in the Kiplinger.com quiz “Is It Worth It?”

To buy or not to buy- that is the question. There are certain things that are offered to us that may seem like a good idea but later we find out that we wasted a lot of money for nothing.

Before reading any further, I would encourage you to take the short “Is It Worth It?” quiz on Kiplinger.com under the Spending Wisely section.

May 14, 2010

General

Pennysaverblog 100 Day Challenge Update 4

There are 42 days left of my 100-Day Challenge, and it definitely is a real challenge for me right now. I have been struggling to make exercising a priority as it was never really a top priority for me before. Nevertheless, most days I have still managed to get at least 15 minutes of exercise. The odd day that I miss I try to make up for on the other days by doing at least 30 minutes or more of exercise. I do feel a bit like a failure, though, when it comes to the exercise piece of my challenge.

So far I have managed to keep within my $100 entertainment budget. Since the last update I spent $5.00 on ice cream while hanging out with a friend. So that means I still have $55 remaining. I have discovered that it is not easy to stick within this small budget for such a long period of time. I hope I can stick to it.

May 12, 2010

General

Do You Want To Retire?

There’s so much talk today about the importance of saving for retirement. But just what does retirement mean to you? What do you want to do when you retire? Or do you even want to retire?

These are important questions to ask yourself before you build a strategy for saving for your retirement. If you aren’t planning on living extravagantly, traveling the world, or having expensive hobbies, you won’t need to save as much as those who do have big plans.

While some people are content to stay home and take life easy, others are preparing to be more active when they retire than they have been during their working years. Others don’t ever plan on retiring because they are passionate about their work and can’t imagine that life could go on if they were to ever quit.

May 10, 2010

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