This week’s Festival of Frugality is being hosted by No Debt Plan. Lots of posts here, so it took me a while to get through the list. Great stuff though, as always.
- Preparing for a Disaster – Sometimes, some very simple steps can help a lot.
- Wash and reuse plastic baggies – I never knew this was a super frugal tip. I just thought it was what people did. Note that propping the bags open over the kitchen sink faucet works great for drying them out.
- First Frugal Grocery Shopping Trip – I really need to start a price book.
- Eating Healthy While Clipping Coupons – Great advice for me, since I’m working on getting better at couponing.
- Coupons – Making Them Work For You – Even more great advice.
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.