Tip #4: Involve your friends in your savings challenge

This is tip #4 of the Save $1,000 in 30 Days Challenge. Today's tip is to involve your friends and family in your money saving. Without this, you'll have a tough time achieving your goals. For more people, the reason they fail to save money is not a lack of money-saving ideas -- it's themselves and their lack of ...

Tip #3: Sell something on eBay today

This is tip #3 from the 30 Day Challenge to Save $1,000. Today's tip is to sell something from your house on eBay. But surprisingly, it doesn't really matter what you sell. I've noticed lots of commenters saying how they've already cut down on lunches, heat, etc. So what can you do next? If you're already being frugal, the ...

Tip #2: Turn your thermostat down 3 degrees

This is Tip #2 of the 30 Day Challenge to save $1,000. Today’s tip is to reduce your thermostat 3 degrees colder starting right now. Below, I’ll show you some additional math / tips to show you the effect this will have on your finances. This year, the Energy Information Administration projects that Americans will pay about 15% ...

Tip #1: Pack lunches for the rest of the week

This is Tip #1 of the 30 Day Challenge to save $1,000. The first tip is to go to the grocery store today and pack lunches for yourself all week. Sounds obvious, but below I'll include some specific tips and social-psychological techniques to make this actually work. This tip reminds me of something I heard in college from a ...

My Free Insider's Kit will show you how to earn more money

Announcing the Save $1000 in 30 Days Challenge

You’ll notice that I haven’t written a lot about frugality on this site. That’s because Americans suck at frugality. We spend more than we make. We’re terrible at deferring our immediate wants and investing for the long term. We go into debt. And we blame everyone but ourselves. Remember, fundamentally, there are two ways to have ...

17-minute interview about credit unions, money, and the economic crisis

Last week, I recorded an interview about credit unions, money, and the economic crisis with George Hofheimer at the Filene Research Institute, which studies consumer finance and credit unions. George and I met when I spoke to credit union executives a couple of years ago. Here's the interview in streaming MP3 form, plus a transcript below. RSS readers: Can't see ...