Money Saving Techniques

When the Latte Factor doesn’t work

Posted by on February 3, 2010 in Money Saving Techniques

The Latte Factor is a phrase coined and trademarked by ersonal finance author David Bach to explain how the expenditure of many small things add up to a lot of money over time. The phrase itself derives from the fact that Bach showed that a latte a day at $3.50 equals $1,260.00 over a year. [...]

Is there a relationship between savings rates and real estate values?

Posted by on November 16, 2009 in Money Saving Techniques, Real Estate

To paraphrase the words of the SteadyHand blog, is this a financial crisis well wasted? Last week, ING in Canada and the UK warned of the possibility of a real estate bubble in the residential and commercial real estate market spurred by the low interest rate environment. Beside the obvious bubble and double recession concern [...]

5 tips on saving money while shopping

Posted by on November 9, 2009 in Money Saving Techniques

I  welcome our guest blogger, Steven from Grocery Alerts Canada, who shares his tips on saving money while shopping. When my wife and I started dating she thought I had a shopping addiction. I just enjoy shopping. If you enjoy shopping as much as I do, I have five tips to share that will help [...]

How to save money attending sports events

Posted by on September 4, 2008 in Money Saving Techniques, Uncategorized

The NFL regular season starts tonight with the Washington Redskins playing the defending Super Bowl Champs the New York Giants which is an apropos time to blog about the costs of attending a sporting event live. As a life-long sports fan, it is tough to accept the fact that large companies who own sports franchises [...]

Is there such a thing as too high of a savings rate?

Posted by on September 3, 2008 in Money Saving Techniques

I am often astonished to read tales of personal finance where the person in question is saving 40%, 50% or upwards of 60% of their take-home pay to reduce debt, plan to retire early retirement, move to an island or fulfilling some other dream. I often think that this is an insanely high savings rate. [...]

Is Being Frugal Frowned Upon by Western Society?

Posted by on March 12, 2008 in Money Saving Techniques

Yesterday, I wrote about ways of saving money which is, in some respects, a prelude to today’s post. I have previously interviewed Alan Corey who became a millionaire before he was 30. One of his biggest strategy on reaching his goal was to save money- over 60% of his income through a wide variety of [...]

10 Ways to Save Money Now

Posted by on March 11, 2008 in Money Saving Techniques

The stock market seems to have entered a definitive slide (good, stock may actually be cheap in the spring) which means, if you want to increase net worth in the short term, the emphasis has to be on finding ways to save money rather than focusing primarily on capital appreciation. Most of us know about [...]

Budgeting: Beyond the Numbers

Posted by on February 26, 2008 in Money Saving Techniques

I have spent most of this year emphasizing controlling costs than relying on the appreciation of investments. With the stock market the way that it is, I best to pay more attention to something which I can control than that which I cannot.  I do a budget on fixed costs but I have been worried [...]

Saving Money While Moving

Posted by on September 4, 2007 in Money Saving Techniques

I spent a part of my holiday moving my office. Suffice to say, this activity isn’t exactly on the top of my list of things to do on a sunny August day.  However, it needed to be done at a time in which I needed to watch the pennies in order to amass a large [...]

Saving Money at the Supermarket- Week 4 and Final Results

Posted by on July 3, 2007 in Money Saving Techniques

Here are week four and final observations on my supermarket experiment. The rules are laid out here and the  links to results from week 1, 2 and 3. Week 4 results did not prove to be too different than week three results. The biggest changes were that tissue and snack bars in the ideal locations [...]