Home » Frugal Finance Management » Page 21

Category: Frugal Finance Management

A custom debt-reduction budget that fits your own family’s size, needs, etc., is crucial to debt reduction success.

How to Help Others When You’re on a Tight Budget

 

A few weeks ago, Grayson over at Debt Roundup shared a story about facing poverty in our lives.  In my 46 years, I’ve had lots of run-ins with poverty; I’ve been involved in several ministries that focus on feeding the poor and caring for the poor.  I’ve lived in many a lower-income neighborhood, and as a child, my family faced its own battles with hunger.

Lots of people that I came in contact with during the different ministries I’ve been involved in had no money for food simply because they didn’t manage well, end of conversation.  I saw first-hand as we ministered to the poor in different capacities as they walked around in $100 tennis shoes or jeans, yet didn’t fix a broken screen on the window or had no money left over after the 3 cases of soda or their cell phone payment to buy their kids food.

But there are the cases, like the one Grayson ran into, where people really are trying their best and simply cannot make ends meet, for a variety of reasons.  As a child, I remember specifically a time when that happened to us.  After my parents’ divorce, my mom, despite dad’s faithful child support payments, just didn’t have much money.  So she took advantage of the welfare system while she learned office skills and learned to drive so that she could get a job and bring more money in.

But one week it just wasn’t enough.  There were 3 days until the next welfare check, and we had NO food.  None.  The cupboards were bare, and my two younger brothers and I could do nothing but watch as mom cried, wondering how she would feed her babies for the next 3 days.  We sat there in silence, the four of us, and didn’t notice when my baby brother, then 4, slipped out the door.

Doug, with his 4-year-old logic, had walked up to the corner store, set several food items on the counter and waited patiently for the cashier, who knew us well (thanks to the PacMan and Centipede games that garnished the corner of the store 🙂 ) to bag up the food and bring it home.  Doug didn’t understand why mom was so upset when there was a plethora of food just waiting for us at the 7-eleven.

When the cashier asked Doug for the amount due,  my little brother looked at him, with those big-blue eyes, wondering what on earth he was talking about.

Then came Superman.

A wonderfully kind old widower, who lived across the street from us, happened to be behind Doug in line and figured out what was going on.  The frugal man had more than enough money to live on, and kindly bought our groceries and walked Doug home.

Imagine my mom’s surprise when Doug and Old Tom walked up to the door with a bag of groceries in hand.  It was Christmas in July, that’s for sure.

So when you see someone, like Grayson did,  who truly seems like they’re doing their best, but still struggling, think about how it might feel if you didn’t have the money to feed your babies, and then step in as you feel led.  Maybe you don’t have the cash to buy their groceries, but here are some ways that even those on the strictest of budgets can help out the less fortunate or those who just need a hand:

1.  Give of your time.  Serve food or clean up at a homeless shelter or soup kitchen.  Help package and distribute food at the local food shelf.  Get involved with organizations that need people to shop or deliver food that they collect and pay for.  There are all sorts of volunteer opportunities out there that require time but little or no money.

2.  Give of your surplus.  Clean out your pantry and give the food you know you won’t eat, or that is near expiration, to the local food shelf.  Give your “buy one, get one free” items to the food shelf.  Clean out your closet of all of those clothes or household items that you haven’t used in years, and donate them to your favorite charity.  Give away the extra veggies in your garden.  Or pick up one extra thing on each shopping trip that can go into a donation bag.  Every little bit helps.

3.  Partner with others.  Maybe you’ve got a friend with lots of money who would like to help others, but has no time or know-how of shopping for the food shelf.  Work together: your friend supplies the cash, you do the shopping, and you deliver the goods together.  Volunteer at an organization like Feed My Starving Children, that has volunteers pack food that they buy to send off to third world countries.  There are many organizations out there who need hands to help more than they need money.

4.  Look close to home.  Chances are, you can find a way to help others right in your close circle of family, friends or neighbors.  Maybe there’s a single mom in your life who could really use a babysitter once in a while.  Or an elderly person who needs help with errands or housework.  Maybe you could help a young couple just starting out by teaching them what you’ve learned about budgeting and money management.

There’s always a way to give to others, no matter how tight your budget might be.  Just keep your eyes open, and you’ll find a way. 🙂

 

 

How Waiting Before You Make that Purchase Can Save Money

 

I’m psyched!!!  I just saved 10% on a purchase that I probably would’ve made anyway at full price!  As you might know, we are on a super-strict budget in the Frugal Farmer family as we work our way out of massive amounts of debt.  Entertainment is one area in which we try to spend little or no money each money, but it gets hard, saying no all of the time.

So I was excited when my dad called and reminded me of a great website that I had forgotten about called www.kidsbowlfree.com  Bowling alleys registered here allow your kids to bowl up to 2 free games a day during the summer.  Although often times shoe rental is not included, bowling for 4 kids can be quite expensive, so if I can bowl two games for each kid for the price of renting shoes, I’m in!

As I completed my signup on Kids Bowl Free, I was asked a question: 

“Do you want to purchase a family pass for an additional $24.95?”  Crap.  I didn’t think about that.  It’s called “Kids Bowl Free”, not “Kids Bowl Free and Mom and Dad do too”.  But for an extra $24.95 the adults in our family could join the kids in bowling at no additional cost (each bowling center has their own family pass deal, though).    This may seem like a no-brainer to you, but for a family in our situation, $25 is a  lot of money, so I wanted to make sure and think it through before signing up.  In the end, though, I decided that bowling with my kids instead of just watching them on the sidelines was well worth $25, but I hadn’t taken the time to go back to the site and purchase the family pass.

So imagine my excitement when I got the following email this morning:

Hi Laurie ,

I just wanted to take a minute and welcome you to Kids Bowl Free 2013.  I see that you registered just the other day.

Did you see our optional Family Pass when you created your account?  It allows up to 4 adults to bowl 2 games free each day during the summer too.

The family pass is already a great deal but I thought I’d pass along a special welcome discount if you add it to your account sometime in the next 2 days.  Use coupon code iPhone10 during checkout to save an extra 10% off.  Just login to your account at http://www.kidsbowlfree.com/ to apply the special coupon code.

Have a great summer bowling with your family!

Enjoy,

Darin

Woohoo!!!!  I’m in!!!!!

Now it may not be a lot to you, but $2.50 is a lot of money when you’re in a boatload of debt and have an almost 60% DTI.   And saving an extra $2.50 on that purchase made it all the more sweeter.

Lesson learned?

If you’re contemplating a purchase that you’d not normally make, no matter how big or small, wait it out.  Why?

Because it gives you more time to make sure that it’s money you want to spend.  Because it helps you to identify the true reasons for the purchase.  And because it just might save you some money if there’s an eager salesman behind that Cool Hand Luke façade!

3 Reasons You Should Start Investing In College

 

Happy Monday, friends!  Today we are excited to share with you a guest post from Kevin over at Graduating From Debt.  Kevin has a heart to see kids get and stay out of debt through their college years.  He tirelessly teaches and encourages young people on how to get through college without debt, or pay off college debt, both on his blog and through frequent guest posting in the PF blogging world.  Please welcome Kevin, and if you are interested in guest posting for The Frugal Farmer, we’d love to have you.  Start by reading our Guest Post Guidelines here.  (Add thundering applause here. 🙂 ) Read more

$5 for a Card? I Love My Mom, but……..

Happy Mother’s Day!  Like most people, we so enjoy showering love on our moms on Mother’s Day.  But holidays and birthdays bring up a bit of hesitancy these days since we adopted our frugal living lifestyle on January 1st of this year.  Society says we’re obligated to give gifts, and we love to shower our loved ones with gifts.  But we’re also on a super-strict budget, and have to find ways to be creative about gift-giving if we’re ever going to get out of our massive hole of debt. Read more

What I Learned From Working in Personal Banking

Before I became a stay-at-home, homeschooling, earning-income-from-home mom, I held a variety of jobs.

I worked at Burger King, waitressed at an ice cream shop (and a bar in a small town, but that’s a whole other post), earned my cosmetologist’s license, worked retail at department stores, and did accounting for an electronics store.

But my main “career” before my current career was in personal banking and mortgage.

I started out as a teller, then moved to Teller Supervisor, went on to Personal Banker, both in the bank branch and in the phone center, and from there I transitioned into the position of sales assistant for a highly successful mortgage rep, before being laid off in a mass layoff at the end of 2003 as the mortgage bubble started to deflate.

All of my jobs taught me things about life, but I have to say that it was my career in banking that taught me the most about people and how they deal with money (I know: duh!).

Yes, it took me nearly 10 years AFTER being laid off to really put what I learned into action for our family, but that too is a whole other post for another day.

So I thought I’d share with ya’ll today some of the things I learned from the people I worked with in those 15 years. Read more

Health Cost Savings for Contact Lens Wearers

Health Cost Savings for Contact Lens Wearers

On a super frugal budget like ours, one of the things we work hard at saving money on is healthcare costs.  We do this in a variety of ways, such as eating healthier and exercising to keep our bodies healthy, looking for natural remedies when possible, and saving money whenever possible on healthcare costs that are unavoidable. Read more

No Fooling: The Bull on America’s Economic Recovery

Break out the party hats!  Friday’s article on Yahoo touted the “good” news that mortgage lenders are easing up on lending rules.  As for me, I can’t help but have flashbacks to the big housing bubble, and the subsequent 2008 crash that kinda sorta led to the beginning of America’s financial glass house tumbling down.   As Jim over at Critical Financial pointed out, the media’s having a heyday, and urging everyone to jump on the spending/getting into more debt bandwagon as the U.S. stock market soars higher and the housing market experiences its first real “surge” in 5 years. Read more

Why You May Want to Delay Retirement

The following is a guest post.  If you are interested in guest posting for The Frugal Farmer, see our Guest Post tab at the top of the page or by clicking here.

Why You May Want to Delay Retirement

Although it seems like everyone has the goal of being able to retire as early as possible, there are multiple reasons why it might be beneficial for a person to consider delaying their retirement in order to reap the benefits that the delay can provide. Read more