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 ...

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 ...

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

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 ...

The Truth: What Obama and McCain won’t tell you about your money

After watching the debate tonight, I figured I'd translate what both candidates were saying. Sorry I'm not as politically correct as them, but I hope this is informative. Things will get a lot harder before they get better. All the predictions about the recovery taking until "at least the end of the year" are horseshit. In truth, nobody knows, but ...