Archive for the ‘Frugal’ Category

Earth Day – Simple things to save Money and Earth as well

We only think about conserving energy and saving the planet when the gas price goes up and when we feel the pinch in our budget. But every year Earth Day reminds us that we need to do something whether gas price is up or down. It also gives us opporunity even during this time of unprecedented environmental challenge, for every citizen to make an impact.  This year Earth day is on April 22 and I want to share few simple things which I do every day and has an impact. You can also try it out and be satisfied for doing something.

1. First thing, avoid paper bills unless its really necessary. If we all reduce paper usage, it will eventually reduce the number of trees cut for this purpose. Many utility companies, financial institutions like banks, mortgage servicers, insurers are campaigning to reduce the paper waste by requesting customer to signup for ebills over the internet or email. Obviously they have better motive  which is to reduce their cost but still it makes sense to help reduce the paper waste by moving to ebill solutions. But do it subjectively.

If you think your bill will change every month and needs to verify before paying, you shouldn’t sign up for auto withdrawal but if they have an option to get ebill and then pay online then go for it. If they only have option for ebill and automate the payment, then continue with paper bill in those situations. On the other hand, if the bill stays same all throughout the year, you don’t need the paper bill. For example, mortgage is always going to be same every month and you can avoid paper bills instead get ebill reminder to pay them or setup auto deduction.

2. Next comes Electricity. We use lot of electricity at home everyday which is either generated by Coal or Wind. Wind is good but we don’t have lot of windmills to support our electricity demand. Currently it’s most electricity comes from coal which has lots of waste and emissions. For your part, reduce electric consumption by using fluroscent bulbs as much as possible instead incandescent  bulbs.

You might find incandescent bulbs cheaper than compact flourescent bulbs but things are getting better these days. Even if you pay more and buy flourecent bulbs  they will last longer than their counter part. So think again and do the right thing. We changed 90% of lightings to flourescent bulbs. Also Turn off the lights when you leave a room whether at home or office. Start making it as a practice. Don’t forget to Turn up the Thermostat during summer and Turn down during Winter. Turning up to 78 degrees uses less electricity and Turning down to 65 degrees during winter will use less natural gas to heat up. Both saves you money and good for the environment.

3. Plastic is another big chemical waste which is ruining our earth’s composition.  Try to reduce plastic waste. It also emits lot of unhealthy gas during decompositon or recycling process. You can help by reducing the plastic use by reusing them as much as possible. For example, save Ziplock bags or any plastic bags after first use and try to use them few times before you throw it out. Avoid bottle water if you can use filteration system like Reverse osmosis. That reduce plastic waste and also gives you good, healthy water for cheap. Check out a Costco offer for Reverse osmosis I posted last week.  


4. Water is another precious resource from mother nature. Try to reduce water consumption by not  leaving the water running while brushing your teeth or shaving.  Nearly tens of gallons of water just goes down the drain during our daily activities. By saving water, you save money and also natual resource which is getting wasted. So try to avoid wastage by only using limited quatity when needed during shaving, doing laundry, watering the lawn, washing the car, washing dishes.

5. Finally, Petroluem/Gas/Oil. Carpooling is the best way to reduce carbon footprint by reducing fuel consumption and also saves money on fuel cost and vehicle mileage. Also there are reports about effective driving can reduce gas usage. May be it’s true but it is hard to change your habit immediately whether it’s good or bad. No harm in trying, so I recommend you try one change at a time and see the effect and go from there. Like try to avoid rising your engine too quickly when you start from lights. Do it slowly which won’t consume more fuel. Try small things like above and you might see the difference in your gas tank.

These are just simple things which I follow and feel good in both saving money and helping save the planet. There are many websites like this one which shares lot more tips to help to do your part and make an impact in reducing bad impact to our Mother Earth.



Happy Earth Day!!

5 Money Saving/Yielding Websites to check out

Many of you frugalers are surely die hard fans of shopping websites like Amazon.com, Craigslist.org, ebay.com saving money on every gifts you purchase and try to find deals on day to day shopping as well. Recently we bought diapers at Amazon saving $10 compared to walmart. I don’t know an item Amazon don’t sell. Anyways, here is few more to add to your list. These websites are all different kinds, not just shopping websites so check them out.

SmartyPig.com Saving smart towards goals.


I like to call Adult version of PiggyBank, real and smart. It is a unique patent pending savings program launched to help people save for specific goals. It is neither a bank or credit union. It is just internet company who bridges consumers and banking breaking away from traditional savings methodology. I came to know about this website from mymoneyblog.com.

In our traditional banking world, we all have checking and savings account. May be you can have “n” number of savings account in ING Direct but still it is just another savings account towards a goal. But SmartyPig main motto is about giving importance to your goals and savings account is  placed behind it. They can add money into your account. It gets even better with high interest from reputed BBVA bank insured by FDIC.

You can have goals like buying a car, Christmas shopping or anything. Another intersting aspect, you can use social media to invite friends to help save for you. Few things which turned me away initially was, they are not a traditional bank with account numbers for your saving goals. You can only transfer or withdraw money via ACH or debit cards. With high interest rate and retailer gift cards with bonus percentage, it is an attractive savings program hard to miss out. I will post more details about SmartyPig in my later post.


VistaPrint.com – Cheap Marketing tools.


This one is my favorite when comes to ordering marketing tools like business cards, banners, car magnets, T-shirts. I been using Vistaprint for almost 2 years now. They been around for a while but expanded their offerings a lot in recent years. They offer cheapest marketing/advertising in the internet. I only paid $9+ shipping to get a T-shirt, Cap, Large and small car magnets. Actually I paid only shipping and item are free. If you are small business and just want to put words out, it is the cheapest and simple way to start your marketing for the business. Quality is reasonbly good and worth for the price paid.


Neighborgoods.net – Borrow, Share or lend and save…


This one is interesting site taking our good old concept online. A website where neighbors help neighbors to save by borrowing and sharing..

We all used to knock on neighbors door for a tools or pint of sugar when in need but these days neighborhoods have become so security conscious and privacy oriented. We lost the human touch of living in a lively neighborhood. I am not going to say this website helps to get along and party but it surely helps on step forward to share, lend, borrowing items in need. I signed up and posted few items which I don’t have problem lending to a neighbor who can prove me he/she lives in and around the neighborhood. That’s the way it should be.

Groupon.comDaily deals at Best



I discovered this website last week from different sources. It is about group purchasing and offering the deals to consumers. If you are aware of woot.com which was recently bought by Amazon.com, the idea is similar except Groupon is not about just product. It can be any businesses. At woot.com, they used collective purchashing to publish great deals everyday and consumer has to purchase quickly until it runs out. Groupon.com uses similar collective/group purchasing concept to find deals for consumers in different areas and market it with consumers who are signed with them. Simple concept to deliver best deals for group of consumer using email and social media in your area and around town. You can sign up and check it out.

Meritline.com –  Find almost any Handy Electronic stuffs cheap.

Last but not least, I always wanted a website where I can find everyday electronic or tool stuffs which we usually don’t have time to search and get at HomeDepot or Lowes. Meritline is the place to go, it has been real saver of time and money. I have ordered many items like battery charge finder, LED lights for kids, cheap head phones and more for the past couple of months. Most of the time no shipping, just pay for the item and it usually ships from Hong Kong or Singapore and takes 2-3 weeks. As per the quality, I cannot guarantee it. It depends on the product and various. You get what you pay for. Try it out.

Finally a bonus website, OverMyMinutes.com – Use your minutes wise.
I been using this website for almost a two year or so. It saved me bunch of dollars by alerting when I was close to go over my talk time. You can put your provider info in their websites and they will alert you to make you aware that you are close to your allowed talk time. It is a useful tool for your kids cell phone as well which every parents needs these days.

Hope you get chance to check out the above websites and share you feedback. If you know of any other similar type of website, please share with us too.

Millionaires – Myths and Misconceptions

For the last two post, we have been talking and sharing lot about Millionaires and their mindset. Particularly in the previous post, I have listed few questions which was asked by friends and even asked myself many times. So I wanted to dwelve into those questions and crack some myths and misconceptions about Millionaires from research/study.


Let’s start with something simple.


#1. I have to become a millionaire/rich person to live happily.


That is not true but many think that way. If you ask me, that’s a misconception by many people. It became ingrained in many people minds after looking at rich people,  that they can live happily once they become a millionaire/billionaire or rich person. 

One person’s success in life shouldn’t be all about money and how much he/she makes. It is just a part of the puzzle. It is mostly about how you live with what you make and how you help others to get what they want.Studies have for years shown that cash has only a small effect on our well being.  One can still  lead a miserable even after getting a windfall of money and there are many examples to prove that case.


#2. Millionaires are lavish spenders.

That’s totally wrong. If you take Mr.Warren Buffet, he is one among the richest people in the world but he still lives in his old house. He drives his own car which is pretty old too. There are many other rich who lead a conservative and frugal life. Many new millionaires are true frugalers and made to the list by saving and conscious spending. Not everyone makes to millionaire list by winning a lottery. You should check out the book, frugal millionaires(
http://www.thefrugalmillionaires.com) and you will understand how millionaires think differently than normal person.



#3. I will be financially free when I  become a Millionaire.

Don’t count on it not in this current economic situation and expected high inflated one in the future. These days, simply being a (one) millionaire is not enough to be financially free, depending on ones age. Financial freedom is totally independent of being rich person. Not all rich people call themselves financially free. Here is an interesting reportfrom study conducted by Universty of Belgium, UK and  Canada about Wealth and well being. Actually money makes you financially dependent. When you have more money, you become more dependent on it for everything and anything.


#4.
Only men are up against Million dollar goal.

According to a report, nearly half of all millionaires are all women. There is no big difference among Men or women when it comes to making millions. Here is the listof women billionaires all over the world.


#5. You need to have Millionaire Mindset to be a Millionaire.

Not entirely true but it helps to reach the goal quicker. You can ask, What is millionaire mindset? It is explained in detail in the best selling book wrote by famous network marketer Bob Protector. He shows how an ordinary person can create his/her own economy by using their mind and thought process. You can read more at free ebook copy.  I also found this ezinearticleto be more precise and short. To be short, it is about fine tuning your act and mind to decide your own the destiny and move towards as the only goal. I don’t truely follow up them since I believe in my simple 3P strategy, Plan, Persist and Perseverance.  


#6. I really need a Millionaire goal to be successful.

Not actually. It depends on each individual. Every individual is different in their own approach but many analyst recommend having a higher goal can lead to higher success rate. As I said earlier, success in life is different for each individual and it doesn’t have to measured in dollars.  Sometimes it is fun to track numbers and dollars to see the progress. But most of the time, it is about pride to say that you are one among list of High networth individual in this world.


Also tracking Many experts from their real life example, “What gets tracked, gets improved?” If you don’t track your progress, you won’t know where you were and where are you now. Tracking the progress is an important part for financial advancement.


#7. Everyone can’t become a Millionaire.


Why not? If school drop outs like Bill gates, David Mudrock(Dole foods CEO) can do it, you can too.  You don’t need an MBA or doctor to be a Millionaire. Here is the list of all drop out millionaires,  and here is one from forbes 2010 list of top ten drop outs.


If this makes you feel better and get you working on your Million dollar goal, go for it.

I have unrevealed some myths about millionaires, now you might ask how can easily become a millionaire?

It is actually a million dollar question and nobody has silver bullet answer for this question. If I had known the exact answer, I would have been a millionaire by now. Obviously, you cannot be a millionaire overnight unless two things happens, winning lottery or waking up with million dollar idea. There are “n” number of ways to become a high networth individual(over 1million).

A very conservative approach many banks suggest is to save a particular dollar amount from your early age like 21 every month and you can be a millionaire when you are 60 years old. It is also not set in stone because it depends on factors like saving rate and economical condition. But there are other ways like starting a new business, inventing some new product, work on multiple investment strategies etc., 

Just hook on to a strategy which works for you according to your comfort level and keep at it. Don’t give up, just keep trying…

Image source: westLoh.com