≡ Menu

Best of Frugal

Why Families Should Live on One Paycheck

{ 108 comments } Why Families Should Live on One Paycheck thumbnail

Wow, a lot has changed in 5 years since I wrote this post. In 2011, I was very unhappy with my job and I needed to make a drastic change. We saved as much as we could and cut back our spending to prepare for my early retirement. A major part of the preparation was […] Read More

3 Reasons to Save More Than 15%

{ 70 comments } 3 Reasons to Save More Than 15% thumbnail

How much do you need to save to have a comfortable retirement? The consensus from the financial industry is you should save 10-15% of your pre-tax income for retirement. Personally, I think this saving rate is too low and this advice is doing a disservice to young people. A new graduate who is starting a […] Read More

What is Your Frugal Kryptonite?

{ 57 comments } What is Your Frugal Kryptonite? thumbnail

If your income is in the middle and lower class, then frugality is the first step to financial independence. When you are frugal, you can live below your means and invest the savings to improve your long term finances. Increasing your income is also very important, but it is impossible to become financially independent if […] Read More

Should I Fix The Dent or Keep The Cash?

{ 70 comments } Should I Fix The Dent or Keep The Cash? thumbnail

Last month, we got into a little car accident when we were in California for Christmas. That was a drag because we haven’t been in an accident in years. We met up with a friend for a playdate and went to grab lunch afterward. Unfortunately, this parking lot was terrible. There were a bunch of […] Read More

Is Spending On Experience Overrated?

{ 54 comments } Is Spending On Experience Overrated? thumbnail

Last week, I received my High-Tech Antitrust settlement check in the mail and I deposited right away. (Woo Hoo!!) The arrival of the $7,000 windfall was particularly timely because we were running a bit low on cash. We paid some big bills recently and had only around $6,000 left in the bank. That’s not bad, but […] Read More

{ 54 comments } DIY make your own Kotatsu table

I wrote this article in 2010 and I’m giving it a face lift. We have been using our kotatsu table for over 10 years and we love it! There is nothing better than getting warmed up at the flick of a switch when it’s cold and rainy outside. It’s definitely my favorite winter appliance. It's […] Read More

Can you live on $1,250/month in Silicon Valley?

{ 43 comments } live on $1000 per month Silicon Valley

I was talking to my younger brother, Chris, recently and he told me his cost of living is only about $1,250 per month. That’s extremely low considering he lives in Silicon Valley, one of the more expensive areas in the USA. How does he do this? I hope he isn't eating ramen noodles every night. […] Read More

Is 3 million dollars too much to shoot for?

{ 82 comments } frugal save money retirement

Last week, I wrote about the downside of living a frugal lifestyle – you’re out of step with American consumers and that’s not good if you want to be an entrepreneur. One reader brought up a very interesting point about living frugally. Here is Josh’s comment. "There isn’t anything wrong with being frugal as long […] Read More

Being Frugal Might Not Be A Good Idea

{ 44 comments } Being Frugal might not be a good idea if  you are an entrepreneur

Oh no, two frugal centric articles in one week! Sorry about that. I didn’t coordinate with Melanie enough so that’s why we ended up with two frugal articles this week. Don’t leave yet, though. I’m going to tell you why being frugal might not be a good idea after all. I have always been pretty […] Read More

Six-Figure Incomes and Going Broke?

{ 51 comments } Six-Figure incomes and Broke?

Oh my goodness, have you seen this article at WSJ – Six-Figure Incomes and Facing Financial Ruin? It’s ridiculous. If you’re making a 6 figure income, it’s probably your own fault that you’re facing financial ruin. Well, barring medical problems, that is. That can ruin anyone. Here is the featured spender – Ms. Flores, 40 […] Read More