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101 Ways to $ave
Old 01-06-2006, 04:42 AM   #1
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101 Ways to $ave

Andy Rooney inspired whine, "Did you ever notice articles have to begin with numbers? I haaaave." Well heres another 101 ways to...




http://news.morningstar.com/article/...&t1=1136543544
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Re: 101 Ways to $ave
Old 01-06-2006, 05:15 AM   #2
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Re: 101 Ways to $ave


Some of these even I had'nt thought of...but others have to be filler to get to that magic 101:


#55 Duh!
#63 LOL
#73
#101 You'd think I'd planted that one there myself!
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Re: 101 Ways to $ave
Old 01-06-2006, 06:30 AM   #3
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Re: 101 Ways to $ave

#63 -- Don’t get divorced.

How will that save money? I suppose the lawyer fee and settlement can be expensive. However, staying married just to avoid the costs could be detrimental to your health.
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Re: 101 Ways to $ave
Old 01-06-2006, 07:32 AM   #4
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Re: 101 Ways to $ave

Quote:
Originally Posted by Spanky
#63 -- Don’t get divorced.

How will that save money? I suppose the lawyer fee and settlement can be expensive. However, staying married just to avoid the costs could be detrimental to your health.
think half of your money/stuff disappearing.
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Re: 101 Ways to $ave
Old 01-06-2006, 08:09 AM   #5
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Re: 101 Ways to $ave

I like the parody of Warren Buffett:

Rule no 1: Don't spend money.

Rule no 2: Never forget rule no 1.

Doing without electricity, transportation and cooking with sterno during hurricane aftermaths a few times over thirty years was always an attention getter and helpful in improving focus. Warm beer was always a challenge.

The lists are great comedy and fun to read.

We slept on the neighbors floor for six weeks after a tornado took the roof off in 1995 and were temporily homeless.

Most of these lists are a joke for the 'truly aggressively frugal.'

I know seven families personally living in FEMA trailers in their front yard right now.

Perhaps a more whimsical list created by forum members would be in order.

Heh heh heh heh
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Re: 101 Ways to $ave
Old 01-06-2006, 09:20 AM   #6
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Re: 101 Ways to $ave

I would disagree with #63.

That one alone got me to FI.*

It was like pugging a hole in the lifeboat.

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Re: 101 Ways to $ave
Old 01-06-2006, 11:00 AM   #7
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Re: 101 Ways to $ave

Quote:
Originally Posted by Spanky
#63 -- Don’t get divorced.

How will that save money? I suppose the lawyer fee and settlement can be expensive. However, staying married just to avoid the costs could be detrimental to your health.
Yep, millionaire next door...most well to do couples are on their first marriages and never got divorced.
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Re: 101 Ways to $ave
Old 01-06-2006, 11:14 AM   #8
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Re: 101 Ways to $ave

11. Stop buying clothes that are “dry clean only.” Learn to iron.

I think there's a law that req. clothing manufacturers to include cleaning instructions on garments, but many pieces labeled dry clean only can be successfully washed in the washer or by hand.
Here's a good book on fiber care, and nitty gritty care on anything home related.
Home Comforts : The Art and Science of Keeping House
http://www.amazon.com/gp/product/074...lance&n=283155
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Re: 101 Ways to $ave
Old 01-06-2006, 11:57 AM   #9
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Re: 101 Ways to $ave

Quote:
Originally Posted by ()
Yep, millionaire next door...most well to do couples are on their first marriages and never got divorced.
Divorce costs a ton! Lawyer fees were the least of it. Mine were about $5k for a basic divorce with split custody of kids, sale of house, QDRO, and car division.

The real cost to me was the QDRO and assumption of debt (hers ) while losing all the equity in the house (long story) and starting all over from a NW of -$30k and raising a teen age boy on my own. Cost? never calculated it but the QDRO was 50% of my DBP and DC at the time of the divorce. It is painful but not as much as being married to a free spender with no concept of saving, investing or LBYM.

Divorce from that..........priceless.
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Re: 101 Ways to $ave
Old 01-06-2006, 12:09 PM   #10
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Re: 101 Ways to $ave

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Originally Posted by P.S.
11. Stop buying clothes that are “dry clean only.” Learn to iron.
I think it's a shame that business attire has to be drycleaned. What if everyone showed up for work in wash & wear slacks & polo shirts? Or better yet, submarine coveralls & sneakers?

Over the last few weeks I bought at least a year's worth of "ER business attire": four pairs of shorts, four t-shirts (two WITH sleeves!), a pair of slippers, and a pair of sunglasses. Total cost: $40.

Luckily it doesn't require dry cleaning and it can all do double-duty as beachwear.
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Re: 101 Ways to $ave
Old 01-07-2006, 12:10 PM   #11
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Re: 101 Ways to $ave

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19. With the high cost of oil, those hybrid cars are looking more attractive all the time. Check out Hybrid Car Guide for more.
It was my understanding that the "all-in" costs of hybrids was higher than similar conventional cars even with the run-up in gasoline prices.
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Re: 101 Ways to $ave
Old 01-07-2006, 12:32 PM   #12
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Re: 101 Ways to $ave

Yep, the break even on hybrids, even factoring in rising gas prices and tax breaks is about 10 years.

Betcha gonna need a battery replacement between now and then.
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Re: 101 Ways to $ave
Old 01-07-2006, 12:40 PM   #13
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Re: 101 Ways to $ave

Quote:
Originally Posted by ()
Yep, the break even on hybrids, even factoring in rising gas prices and tax breaks is about 10 years.

Betcha gonna need a battery replacement between now and then.
Yikes!! What do you think that costs??
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Re: 101 Ways to $ave
Old 01-07-2006, 01:10 PM   #14
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Re: 101 Ways to $ave

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Originally Posted by . . . Yrs to Go
Yikes!! What do you think that costs??
How would we know? The Prius isn't old enough yet and there aren't a lot of EVs on the road to compare the costs.

But in another 5-10 years we'll be casting our conspicuous-consumer eyes on a used extra-battery Prius...
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Re: 101 Ways to $ave
Old 01-07-2006, 05:06 PM   #15
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Re: 101 Ways to $ave

"36. Don’t take a loan from your 401(k) plan--you’ll save on double taxation of that repaid interest. "

Aren't 401k loans paid back with after tax dollars? That would mean the interest plus the loan amount is being taxed twice, once when you repay the loan plus interest and again when you take the money out of the account at retirement, no?
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Re: 101 Ways to $ave
Old 01-07-2006, 06:10 PM   #16
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Re: 101 Ways to $ave

That's right and do you think I can get that thru the thick heads of the employees taking out loans right and left from their 401ks? They just don't get it but that's okay they'll be the ones working and keeping the SS going for me.
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Re: 101 Ways to $ave
Old 01-07-2006, 07:06 PM   #17
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Re: 101 Ways to $ave

I was looking at the numbers for mini-SUVs a few weeks ago. For the hybrid to pay off on reduced gas usage took over 250,000 miles based on a gas price of $3.00 per gallon. That doesn't take into consideration that the hybrid is more complex mechanically and less field tested, so it almost certain to be more expensive to maintain.
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Re: 101 Ways to $ave
Old 01-07-2006, 09:32 PM   #18
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Re: 101 Ways to $ave

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Originally Posted by ((^+^)) SG
I was looking at the numbers for mini-SUVs a few weeks ago.* For the hybrid to pay off on reduced gas usage took over 250,000 miles based on a gas price of $3.00 per gallon.
Yup, a decent used vehicle still beats out a new retail hybrid. Our 13-year-old 22-mpg 97K Taurus is still a better deal over a new Prius.
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Re: 101 Ways to $ave
Old 01-07-2006, 09:33 PM   #19
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Re: 101 Ways to $ave

The idea behind having a hybrid is not so much cost saving in gas but to contribute to a cleaner environment.
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Re: 101 Ways to $ave
Old 01-07-2006, 09:47 PM   #20
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Re: 101 Ways to $ave

Quote:
Originally Posted by Spanky
The idea behind having a hybrid is not so much cost saving in gas but to contribute to a cleaner environment.
But if you are getting your electricity from coal burning plants, you are still using petroleum to power your car (and you're still polluting). Arguably electricity from a nuclear plant is worse.

So depending on what part of the country you live in, you may be spending a lot of money on the car for little or no environmental benefit.
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