Young and Frugal

Business and Personal Finance for Millennials

Entries for the ‘Frugality’ Category

The Party Always Ends

In the midst of what seems like endless economic chaos, I work for a company that is doing exceptionally well right now. So well that many people are getting caught up in it. Private equity firms are constantly knocking on the door, and it seems like I frequently hear talk of an IPO.  
As the [...]

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Why Is Money Taboo?

Today my wife told me that she gets embarrassed when she is around and I try to haggle. I guess I can understand, I used to be like that too, and only over time have I grown bolder. With this in mind, I have to ask why is it that in America, money seems to [...]

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Why I Don’t Have Cable

For my entire life until we moved into our new house I had cable, nearly every imaginable channel, and I never fathomed my life without it. Whenever I turn on a cable channel I take a step back in time to a memory of years past. Speed Channel depicts my childhood years dreaming of cars [...]

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Know Your Insurance Coverage and Save Big!

The following is a guest post by my wife, Mary.  My comments are in bold.
Health Insurance is a privilege, something that shouldn’t be taken for granted, but also something that is earned by many as a benefit of being employed by a company that  shells out thousands of dollars per employee to subsidize the insurance [...]

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The 7 Effective Habits of Highly Frugal People

As I’ve said before, being frugal is about controlling your money and making choices so that you can allow yourself to splurge, because if you aren’t controlling your money, your money will control you.  That sounds easy enough but in reality living frugally is not easy at all.  It’s something that I struggle with daily, [...]

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Control Money or Money Will Control You

Since I began writing, about a year ago, “Frugal” has become quite the buzzword which is practically a 180 from when I wrote “When Did Frugality Cease Being a Virtue.”  I even read an article in the Wall Street Journal last week that proclaimed Frugality is once again a virtue.
When I began writing, I’m not [...]

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What Makes A Millionaire?

Not as much as most people think.
The following information is adapted from research by Stephanie Komon at Kent State University, and is based on the book The Millionaire Next Door.  Stephanie’s research was derived for the ability of fundraisers to be able to spot wealthy people, but it is very relevant for us.  Her presentation [...]

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