Matt Berkus

Archive for the ‘Thrifty Spender Experiment’ Category

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Economic Stagnation Survival, What You Can Do Instead of Protest?

Sunday, October 9th, 2011

News shows are bloated with commentators discussing America’s economy, its problems, ideas to fix it, the politics surrounding fixing America’s economy, but what about the individual? Protesting Wall Street? Ever notice all the cell phones, I-Pad’s, hair dye, clothing, the cardboard on which they wrote their signs, music devices carried by the protesters, and the fact that it was organized by social media; all created by evil, Wall Street corporations; a bit hypocritical for my taste. Is there anything the individual can or should be doing to help them self and help the economy.

I was watching Fareed Zakaria this morning (Oct. 9, 2011) on CNN on his show, Global Public Square (GPS) and the topic focused largely on getting America back on track. Guests included author Tom Friedman (The World Is Flat), CEO of Starbucks Howard Schultz, author Michael Lewis (Moneyball) among others each identifying the underlying problems with the American economy and ideas to fix those problems. However, the ideas were focused on the big picture, macro side of economic life, what our leaders ought to do; but what, as individuals and families can we really do. (more…)

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Tags: bankruptcy, moneyball, spending tips, surviving bad economic times, tom Friedman
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Save Money on Groceries with the $1 per Pound Rule

Sunday, April 3rd, 2011

The Rule: Only buy items that have a per unit price of less than $1 per pound.

First, let me give credit; this rule comes from Jeff Yeager and his book, The Ultimate Cheapskate’s Road Map to True Riches. The rule is fairly self explanatory, if the food item cost more than $1 per pound, don’t buy it. This rule is surprisingly effective when it comes to both saving money and eating healthy as it cuts out about 70% or more of what’s available at grocery stores, mostly the stuff that is bad for you anyway.  (more…)

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Tags: debt free, grocery coupons, grocery savings, how to save money on groceries, jeff yeager, matt berkus, save money on groceries, thrifty living
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How To Deal With Spending Temptation – Thrifty Spender Experiment

Monday, March 28th, 2011

When I started the Thrifty Spender Experiment, I knew there would be challenges, but I underestimated the difficulty. I especially underestimated the power of temptation when it comes to day to day spending. Day to day spending, or what I term, convenience spending,  can be and is a real budget killer. See if these sound familiar: the Starbuck’s coffee in the morning, lunch out because you don’t feel like making lunch or eating what you brought, the cocktail after work, a long commute home in the snow and stopping to pick-up some dinner versus making dinner, the bottle of wine for dinner, the snack or drink from the vending machine, the list goes on. (more…)

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Tags: debt free, get out debt, matt berkus, Spending temptation, thrifty living, thrifty spender experiment
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Thrifty Spender Experiment – Get In Great Shape With Zero Cost

Sunday, March 27th, 2011

There are so many options for cheap and free exercise, you can’t really sum it up in a short video. Other ideas include playing sports with friends. For sports like basketball and soccer all you need is a ball and a park. There is also hiking and walking. I am not saying don’t do what you love, but consider the financial burden you are creating. I can’t tell you how many people I have consulted with that owe tens of thousands of dollars (and often more than $100,000) to creditors, can’t pay those creditors, but go skiing twice a week during the season, play two rounds of golf a week, or spending hundreds of dollars a month on group classes like yoga and so forth. The idea here is to focus on the need. The need is to stay in or get in shape, to exercise, to take care of our bodies; that need can be met at zero cost. When you have regained your financial health, you can again participate in more costly activities if you choose too.

Find the resources mentioned in the video here

You Are Your Own Gym

Barefoot Running

Cross Fit Unbroken – No Equipment Needed

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Tags: cheap denver gyms, how to exercise on the cheap, matt berkus, thrifty living, thrifty spender
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Considering Buying a Fuel Efficient Car, Check Out This Website!

Monday, February 28th, 2011

Just a quick tip; http://www.fueleconomy.gov/ allows you to search and research vehicles by fuel economy. The website provides robust and easy searching to find cars and evaluate their fuel economy, Carbon Footprint rating, and Air Pollution score. So, you can find the greenest of green car like the Nissan Leaf or an affordable gas sipper like the Ford Fiesta.

You may research both new and used vehicles to find the best fit. With gas prices pushing $3.25 per gallon here in Denver, may be time to consider saving money on fuel.

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Tags: air pollution, carbon footprint, fuel economy, fuel efficient cars, fueleconomy.gov
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How To Extend Payment Due Date For Car Loan or Student Loans?

Sunday, February 27th, 2011

Whenever possible (when times are good) you should pay more than your minimum monthly payment toward any car loans and student loans. So few people take this action, but it has benefits beyond the obvious and can provide a short term safety net if times go bad.

The obvious benefits are that you pay down your debt quicker and pay less interest over time. (more…)

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Tags: car payment, saving interest, student loans, thrifty spender, thrifty spender experiment
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Are The First Generation Electric Cars (Nissan Leaf) Really Cost Effective?

Monday, January 10th, 2011

Here at the Thrifty Spender Experiment, we are always looking for ways to save money. From a pure money saving perspective, can you really save money with an electric vehicle?

Believe me, I am tempted by the prospect of not having to buy gasoline, but electric cars require recharging and are significantly more expensive than their high MPG counterparts.

According to the Nissan Leaf FAQ, Nissan estimates that it will cost $2.75 to charge the vehicle assuming a $0.1147/kWh (kilowatt per hour) cost of residential electricity. This means that it takes approximately 24kWh to charge the car. The car has a realistic range of 50-100 miles per charge. (more…)

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Tags: cost to recharge, do electric cars save money, electric car, fuel savings, how much cost to recharge electric car, Nissan Leaf
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Thrifty Spender Experiment – FAQ – How Does It Work?

Wednesday, January 5th, 2011

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Tags: matt berkus, thrifty spender, thrifty spender experiment, thrifty spending
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