10

The Hidden Cost Of Small Town Living

small town living

My wife and I are raising our three kids in a small town, about 40 minutes drive from my work in the city. We chose small town life many years ago for several reasons; family supports, proximity to schools & church, general peace and quiet, that kind of thing. The lower cost of living, town vs. city, was also a …

6

The $1500 Rule For Car Buying

car buying

Is there a financial decision that people agonize over more than buying a vehicle? A house is undoubtedly a bigger purchase, but it isn’t one that comes along as often, at least not for most people. I often find myself in conversations with friends and colleagues who are trying to figure out how buy a car without it breaking their …

4

How To Save Money By Resisting a Throwaway Mentality 

throwaway mentality

This past week, I took my sixteen year-old Honda lawn mower to my local small engine repair shop.  Earlier on, in an effort to diagnose why it wasn’t running smoothly, I had taken the carburetor apart, only to discover that the pin holding the float in place was missing. I have no idea how that can even happen. Regardless, I …

8

ARE EXTENDED WARRANTIES WORTH IT?

are extended warranties worth it?

I remember shopping for a digital camera at Best Buy several years ago. This was back in the day when people still bought digital cameras. A salesperson explained to me the features and benefits of two comparable models.  In doing so, he pointed out the superior quality of one of the cameras, mentioning that he owned one very similar, and …

8

EXPONENTIAL FRUGALITY: UNCOVERING THE TRUE POTENTIAL OF FRUGAL LIVING

Exponential Frugality

Hey everyone!  Allow me to introduce a concept that I like to call ‘Exponential Frugality’.  It’s a simple but different way to calculate the $$$ you’ve saved from being frugal. I hope you find it helpful, or at the very least, thought provoking.  Enjoy!  You may or may not consider yourself a fugal person.  After all, we all hold varying levels …

20

5 DEFENSIVE MONEY STRATEGIES YOU SHOULD BE USING TODAY

Even if you’re not a sports fan, there’s a good chance you’ve heard the saying, “Offence wins games, defence wins championships.”  It’s a long held cliche in the world of sports, which suggests that the team that takes a defence-first approach is the one more apt to go all the way. Never mind the flash and flair of the high …

24

WOULD YOU BUY YOUR CHILD THEIR FIRST CAR?

first car

It’s a question many parents ask themselves.  Should you purchase a first car for your child, versus having them save the money on their own. My son turned 16 about six months ago, and is currently shopping for his first car. Naturally, this has led to many conversations with other parents about their own experiences. What I’ve found, somewhat surprisingly, …

18

WHATEVER IT TAKES, LIVE DIFFERENTLY

LIVE DIFFERENTLY

Hey everyone! This past week, I’ve been thinking about the concept of what it means to ‘live differently’ when it comes to your money. As you’ll find out below, I was inspired by a quote from a fellow personal finance blogger. To illustrate the power of living differently, as opposed to following what most consider to be the ‘normal’ materialistic …

20

OVERCOMING YOUR FINANCIAL KRYPTONITE

financial kryptonite

The personal finance blogosphere has it’s share of stars.  These superheroes of personal finance walk, or bike, among us.  They look like you and me…for the most part. 😉  They have interests that are similar to anyone else, join the same clubs, and attend the same churches.  Their kids ride the school bus with your kids. They even shop at the same …

24

CAN A PERSON BECOME TOO FRUGAL?

too frugal

By nature, I’m a pretty frugal guy.  However, since launching Mystery Money Man just over 6 months ago, I’ve taken things to the next level.  My no-spend January, our family’s 16-day, uber-frugal summer road trip, and my growing aversion to a vast majority of spending are evidence of this. My increasing focus on frugal living has caused a significant shift of mindset,  and I’ve …