New Frugal Blog Network Member and Festival Links

July 22nd, 2008

I’d like to announce the newest member of the Frugal Blog Network,Kelly of  Almost Frugal.  Kelly is an American living in a small city in the French Alps with her three kids, three cats, and one French husband. And a mountain of debt (~€60,000) that they’re trying to dig their way out of, one centime at a time.

Also,the latest edition of the Festival of Frugality is being hosted by fellow Frugal Blog Network member Antishay Ventenne. It includes my post on “Stuff“. The Carnival of Personal Finance is being hosted this week at Taking Charge. I’m pre-posting this since I’m on a road trip through Thursday so I can’t make any picks. Go ahead and check out the Carnival and the Festival and make your own picks.

Road Trip

July 21st, 2008

I’m going on a short road trip to Charleston,WV this week.  I’ll be leaving tomorrow and coming back on Thursday. The trip is 11 hours each way which will make it two of the three days mostly driving.  I’m not sure if I’ll have internet access when I’m there.  I plan to schedule some posts while I’m gone but I might not be able to moderate comments or answer emails while I’m gone.  I’ll post a summary of the trip when I return.

Weekly Roundup-Introductory Edition

July 19th, 2008

This first edition of the Weekly Roundup includes my favorite posts from the Frugal Blog Network this week and others from across the blogosphere.

Using Health Reimbursement Plans to Reduce Medical Expenses from Not Made of Money. My employer doesn’t offer such a plan and I don’t make enough to make a HSA beneficial to me but if I did I would definitely take advantage of this type of plan.

Life Moves On, and We’re Back in Business from Antishay Ventenne.  After taking a break from her blog after successfully paying off her debt Shanti is back with a vengeance.

Making It Work from Frugal Babe. This post shows that with a little improvisation more frugal opportunities are available to you.

Is it Possible to be Frugal in America? from Frugal Bachelor.  Puts an interesting perspective on how frugal we really are.

How to live in a caravan and save up for a house from Find Financial Freedom.  Since I’m thinking of living in a van this article was interesting to me.

Introducing the Frugal Blog Network

July 18th, 2008

There are a lot of blogger networks popping up and since I wasn’t invited to join any of them I decided to start my own. The Frugal Blog Network is a group of three other frugal bloggers and myself.  Our goal is to increase the quality of our content and the viewership of our blogs.

You should check out the other member sites but I’ll include a brief introduction of the member sites here.

  1. Antishay Ventenne: Is a young Seattle resident who recently became debt free. You can learn a lot more about her at her About Me page.
  2. Frugal Babe: Is a married twenty-something living in the suburbs of an anonymous city. Learn more about her at her About Me page.
  3. Not Made of Money: Is a blog by a husband and wife team who live on one income. Visit their About Me page to learn more.
  4. Tight Fisted Miser: Since you’re here you should already know who I am.  I’m a 40 year old law student living in Kansas City,MO.

We will operate like most other networks with weekly roundups and occasional group writing projects.  We’re also looking to add a couple more members.  If you have an established blog that at least somewhat pertains to frugality and would like to join send me an email.

Alternative Income: Referral Bonuses

July 17th, 2008

This has some overlap with bank bonuses but deserves to be considered seperately.  There are many programs that will pay you to refer new customers to them.  Last month I made over $300 in referral bonuses. That was one of my better months but I should make over $200 this month as well.  Unless another new referral program comes up I’ll probably be back under $100 next month but this is good money for the amount of work involved.

I have various referral bonus programs on my Make $$$ With TFM page.  My most consistent performer has been ING DIRECT.  I exhausted my original 25 Orange Savings referrals and then exhausted the additional 25 they gave me as well resulting in $500 for me.  Now I’m making my mom money by sending her Orange Savings referrals.  I still have Electric Orange referrals but there isn’t much demand for them.  If you’re interested in any of the bonuses just send your info via the contact form on the Make $$$ With TFM page.  If you have any questions email me or leave a comment.

Stuff

July 16th, 2008

If I’m going to live in a van I need to get rid of some stuff.  Even though I live in a studio apartment and don’t buy very much I still have too much stuff.  I need to go through it all and see what I need to keep and what can be sold or given away.  I don’t think there is much worth selling but I’ll probably give away a lot of stuff on Craigslist of Freecycle.  It is kind of amazing that even though I try to only buy stuff when it is really necessary I’ve still managed to accumulate a lot of stuff.  Not near as much stuff as most people who fill their garages with all their extra stuff but still a lot.  It makes me wonder how much money is spent each year on stuff that is barely or never used and then just goes into storage.

The late George Carlin had a lot to say about stuff.

 

More on Food Stamps

July 15th, 2008

After I posted about “My Experience with Food Stamps” and commented on a CNN article that featured a woman who found it difficult to feed her and her baby on $280 a month in food stamps.  I received a couple of long comments on that post that I want to spend more time on.  The first was from B, a homeless man who detailed how hard it was for him to eat on food stamps and states that the woman in the article shouldn’t be criticized because she can’t get by on her food stamps.  In response Skye shares her experience feeding her family of three, which included a baby, on less than $250 a month.

My response to B would be basically along the same line as Skye’s response.  I’m not guessing that the woman should be able to make the $280 a month in food stamps last all month.  I’m speaking from experience.  I regularly spend about $100 a month on food.  It shouldn’t cost a $180 more to feed a baby also.  I don’t doubt that the woman was having difficulty getting by on the food stamps but that is more likely from her making poor choices on food purchases than the amount be insufficient.  B does make a good point that his food costs are increased because he doesn’t have access to a refrigerator or a microwave.  Reading through his comment though it appears some of his problem stem from making poor food purchases.  First, he states that he drinks bottled water because he thinks tap water is unsafe.  That is unlikely.  Most bottled water actually comes from municipal water supplies.  I seriously doubt that bottled water is much better for you than tap water.  I normally drink tap water and only buy bottled water when I’m in a situation where I’m “forced” to buy it.  If you’re homeless than you probably should forgo any marginal health benefits you would get from drinking only bottled water.  Second, he states his alternative for cheap food is to buy food at the dollar store that is full of additives and preservatives.  There are better choices at your local grocery store.  Check out “20 Healthy Foods that Cost Less than a Buck” for some examples.  With a little planning of your food purchases you should be able to eat on $100 a month without too much problem.

TFM Featured on MSN Money

July 14th, 2008

I’d like to welcome those of you who came here after reading about my van dwelling post at the MSN Money Smart Spending blog.  I don’t usually update my blog on the weekend so I’m a little late in welcoming everyone.  Please spend some time here and read through the archives, if you like what you read go ahead and subscribe to my feed.  There will be updates on my van dwelling adventure as progress is made.  If you’re not coming here from MSN and haven’t read the post I’m referring to you can read it here.   Also I’m going to be making an announcement on Friday that I’d like to share with as many people as possible.  So be sure to check back in then, if not sooner.

June Income

July 11th, 2008

Here is a breakdown of my income for June:

Job

$662

Online Income

$337.16

Bank/Referral Bonuses

$470

Interest

$13.43

Mystery Shop/Selling Stuff

$44.36

Total

$1526.95

My income was decent for June considering I didn’t work at my regular job very much. I had a great month for bonuses. Online income was also very good. I paid for one year of hosting and renewed my domain for two years or it would have been even higher than last month. I was also helped by having three paychecks in June. This month my income should be about the same. I probably won’t make nearly as much on bonuses but I’ll be working more which should offset that.

June Investment Income

July 10th, 2008

June’s investment income only rose three cents to $27.69 from $27.66 the month before.  This is somewhat depressing since I contributed $500 to my IRA in June but market losses erased almost all of it. I’m hoping for better results this month.

This is not my actual investment income. To get this figure I first add up my retirement accounts, emergency fund, and any other money I consider permanent savings.  What the total of my savings would earn at 6% interest for a month is my monthly investment income.