Monday

Seven Super-Cheap Gift Ideas to Help You Save Money over the Holidays


The following is a guest post by Kate Willson, who writes on the topics of top online colleges. She welcomes your comments at her email Id: katewillson2@gmail.com.

For years, the Christmas season steamrolled over my carefully planned budget, as I spent more than I could afford shopping for gifts to make all of my friends and family happy. It would take me three full months for my finances to recover from the overspending. Year after year, while making small talk at office holiday parties and family gatherings, I would always hear conversations about how homemade gifts or small-scale thoughtful gifts meant so much more than extravagant gifts; others said they wished cash-strapped family members hadn't spent so much. Something clicked. I needed to put some effort into thoughtful, low-cost gifts instead of going all-out at the mall. Here are some great ideas for Christmas gifts on the cheap:

1.) Homemade desserts. Gifting delicious cookies, pies, brownies, cobblers and other homemade goodies tops most lists of low-cost Christmas items, scoring high for the fact that you actually spend time making these desserts at home. The key is to make the items from scratch, wrapping and presenting them beautifully. Cobbling together some cookies from a packaged tube and putting them on a Styrofoam plate covered with plastic wrap won't cut it. You can find adorable baskets and ribbons to display cookies and brownies at Hobby Lobby or other craft/decor stores for cheap.

2.) Handmade Tie-Fleece Blankets. My husband tells me every year that the best gift I ever got him was a handmade tie-fleece blanket. These warm and soft wonders don't require any sewing (thank goodness, I'm no good at that), only two beautiful pieces of fleece that fit your gift recipients' color preferences that you tie together by hand. There are tutorials all over the web on how to make tie-fleece blankets, including YouTube videos. Just be sure not to pick a nerdy or holiday-themed fleece pattern. The recipient will use it throughout the winter and may not want Merry Christmas all over it for the remainder of the year.

3.) Bottle of wine. Adorned with a lovely ribbon, this is usually a perfect gift for office holiday parties, as you can get a delicious bottle of wine for under $20. Local wines are also great gifts to bring for relatives out of state, as they represent a little piece of the place you live.

4.) Photo book or photo calendar. If you're like me you have hundreds of digital photos of your family stored on your computer's hard drive. Using online resources like Shutterfly or Snapfish, you can create personalized photo books or photo calendars for less than $20. These are fantastic gifts for older family members who don't get to see you very often throughout the year.

5.) Magazine subscription. This isn't as lame of a gift as it sounds. If you have a friend who routinely buys celeb gossip mags like Ok! and People, why not let them keep up with those celebs without paying for it at the grocery store every week? Music lovers might enjoy Rolling Stone or Spin. Here's a tip: Go to your nearest chain bookstore and look closely through magazines to get ideas on mags that aren't typically available in your typical neighborhood grocery store.

6.) DVDs or CDs. Look for the classics when it comes to DVDs and CDs and you'll usually stay under $20. Buy movies that have fun memories of you and that person attached to them.

7.) Christmas ornaments. You can find some truly beautiful ornaments for your friends and family members to hang on their tree year after year for under $20.

Additional Reading:

Giving of Yourself

Sell, Trade or Cash in Those Gift Cards

Friday

Weekly Roundup


Classic Cat “aims to make Classical music more popular by making it more accessible. It does this by providing an index to over 5000 free to download classical performances on the internet, sorted by composer and work. The site is specialized in audio files, but contains also some video, sheet music, lyrics and midi links.”

Joy of Baking is one of the most extensive, well put together recipe sites I have ever come across. If you like to bake, or want to learn how, this is the one to bookmark.

Beeline TV allows you to watch free online broadband internet television from around the world, including news, TV shows, movies, music, entertainment and sports.

Here is a graphic that illustrates how the unemployment rate around the country has changed since 2007.

CU Lookup is a locator of federal credit unions. If you are looking for lower fees and loan rates it might be worth looking into membership with a credit union.

Some recent personal finance posts I enjoyed reading. The End.

I have to make a confession, and I am only being honest. I have come to dread writing this part of the roundup, not because I have to write much but because I have to read so many posts before I finally find a couple of articles that I like. Well, I’m done with it. I think I am going to replace this part with a link or two to some websites that I enjoy that have nothing at all to do with personal finance issues, just to mix it up.

Maybe, in honor of Monty Python, I’ll call it “And now for something completely different.”

Weekly Reminder – A reminder of a useful article you might have missed.
In this post I list my ten favorite homesteading books.

Make it a great weekend!

Wednesday

Is Peer to Peer Lending a Money Maker?


As I have been looking around for ways to make money other than in the stock market I kept running into peer to peer lending, so I decided to dig in and try to find out if this would be a profitable endeavor. Peer to peer lending, or P2P, involves the individual lending and borrowing of money from one person to another outside of a traditional financial institution. Reasons for borrowing can include everything from paying for a wedding to consolidating debts, and is usually performed through an online lending firm. The lending models can include direct lending to an individual or to a pool of borrowers, and can be either unsecured or involve collateral.

I decided to take a look at some of the larger P2P sites to help me decide if I want to pursue this as a money making opportunity. The following is what I learned.

Prosper – There are several ways to invest with Prosper. Their automated plan allows investors to automatically bid on listings that match specific criteria. You can also diversify your risk by spreading smaller loan amounts across many borrowers. The minimum investment is $25.

Another option is to invest directly by viewing the loans that borrower’s request, which are unsecured, fixed rate loans with multiple terms. Borrowers are asked to describe the purpose of the loan, and their credit information is included to help you decide on a bid. You can also sort the listings by different variables such as time left, amount and loan category. There is a 1% annual loan servicing fee on direct P2P borrower loans.

You can buy notes (loans) from other lenders or sell yours using their trading platform operated by Folio Investing. They charge a 1% transaction fee for every note sale.

The blog reviews and comments about Prosper I read on the web ran at a two to one ratio of negative verses positive experiences. Most of the complaints from investors were of high loan defaults, while others claimed to have no problems at all with loan repayments. Prosper claims to have implemented a much more conservative risk management strategy which has led to a loan loss rate drop of 65% since the site’s 2009 relaunch.

Lending Club – Just a little newer than Prosper, Lending Club works basically the same way, minus the bidding. There is a service charge to investors of one percent of each payment received from the borrowers. They offer 3 or 5 year notes and claim that since 2007 investors have earned an average net annualized return of over 9.5%.

The reviews and comments that I read on the web about Lending Club were around three to one positive verses negative experiences, quite the opposite of what I found about Prosper. Most investors said they were making a return of from 9% to 11% and there was not much mention of loan defaults.

Loanio – Currently the site says “Loanio will not be accepting registration from lenders or borrowers, or approving new loan requests, until further notice. We appreciate your patience during this “quiet period” and hope to reopen for business as soon as possible.”

Kiva – If you are interested in using some of your money in a charitable way take a look at Kiva, which is a non-profit corporation that matches lenders with low-income entrepreneurs in various countries. The borrowers are considered at high risk of non-repayment and the loans made are philanthropic in nature with no offered rate of return.

So what are your thoughts on P2P lending? If you have tried it how did it go? As for me, I found out residents of my state are not allowed to invest in either Prosper or Lending Club, but if I could I think I would try Lending Club first.

Additional Reading:

What Financial Advice Would You Give to Future Generations?

Do You Give to Panhandlers?

Is It Tougher to Save Money or Make More?

Monday

10 Free Sites to Help You Save Money During the Holidays


The following is a guest post from Bailey Harris, who writes about home owners insurance and other finance related topics for www.homeownersinsurance.org.

A new poll from Consumer Reports found that 42 percent of shoppers consider it "critical" to find the best prices on holiday gifts this year. If you are among them, you should know that there are lots of sites online that can help you find the deals you are looking for. Here are 10 free sites to explore this holiday season.

Google Product Search - This Google search engine is designed to help shoppers find and buy items on the Internet. Google works with all kinds of sellers, including large stores and individual sellers on auction sites like eBay and Amazon.

PriceGrabber - PriceGrabber is a comparison site for people who shop online. When you type a product into PriceGrabber's search engine, it shows you detailed product information and reviews, side-by-side product comparisons, and a list of the best prices on the Internet. The site also offers coupon codes and rebate information.

Price Protectr - Price Protectr is a unique site that helps you keep track of the prices of the things you want to buy and the things you have already bought. The site supports more than 160 popular stores, including Amazon, Best Buy, Costco, Dell, and Buy.com.

Black Friday 2010 - There are a lot of different Black Friday sites online, but this is one of the better ones. In addition to posting Black Friday sales ads and online deals, the site also offers discussion forums, buying guides, store hours for Black Friday sales, and a site search engine.

RetailMeNot - This site offers coupon codes and discount information for more than 65,000 online stores. You can also find printable grocery and restaurant coupons.

CouponCabin - CouponCabin typically features more than 100,000 active coupons and deals on any given day. Most of the coupons are meant to be used online, but the site also offers printable coupons and coupons that can be received via email.

eDeals - eDeals is an all-in-one online shopping site. It shows you deals for more than 8,000 Internet retailers. You can also find coupon and free shipping codes.

FreeShipping.org - FreeShipping.org provides free shipping codes for nearly 4,000 online stores. You can also subscribe to their newsletter to receive shipping coupon alerts via email.

MyGroceryDeals.com - This site makes it easy to plan ahead and save money on your holiday food and food gifts. It shows you the grocery deals for your area as well as coupons that could be used to maximize your sale savings.

Family Crafts - Making your own gifts is a great way to save money during the holidays. This About.com site offers craft ideas for the whole family, links to craft blogs, and a discussion forum for gift-makers.

Related Reading:

11 Ways to Go Frugal

Five Great Catalog Shopping Sites

When Coupons Aren’t Enough

Friday

Weekly Roundup


The Buck List participated in several carnivals recently. Check out the following for some good articles on careers, investing, personal finance, taxes, frugal living, passive income and more. My thanks to the hosts for including my posts.

Carnival of Wealth #12

Carnival of Money Stories 2, Perfectionism Edition

Financial Independence

Carnival of Road to Financial Independence #25

Best of Credit Cards and Saving Money

If you are having car trouble you might consider using Bosch Service to locate one of their 14,000 worldwide service centers, which “receive quality parts, diagnostic and wheel service equipment and training from Bosch, the largest original-equipment parts manufacturer in the world.”

This article asks if a lottery could be the answer to America’s poor savings rate. It was an interesting read for me as I had not heard of Prize-Linked Savings before.

Just a reminder that if you are wanting to opt-out of receiving unsolicited mail, telemarketing phone calls and email spam visit this FTC Just Say No website.

Some recent personal finance posts I enjoyed reading.

This article discusses our lack of focus.

Here is one about why you should stop trying to keep up with the Joneses.

Weekly Reminder – A reminder of a useful article you might have missed.
This post offers some tips on how to save money after you die.

Have a good weekend!

Wednesday

Make Money with a Metal Detector


With a lot of patience (60 to 80 percent of what you find will be trash) and a little luck (just one find could make your dreams come true) this hobby of looking for lost items could serve as a money maker. A buddy and I went out last summer with his metal detector and while we didn’t find any lost treasure we had a good time and are planning on going again.

After deciding what you want to search for (jewelry, gold, silver) and where (land or water) you will have a better idea of the type of a detector to buy and how much to spend. Once you have learned how to use it you can begin searching at the beach, parks, fairgrounds, parking lots, ball fields (make sure to search under the bleachers), the grassy strip between the sidewalk and the curb, church yards, vacant lots, cemeteries, really almost anywhere people have gathered. Try searching after a heavy rain as the wet ground has more connectivity and it is easier to dig. Of course if it is private property make sure to ask the owner for permission. It also helps to know the local laws regarding metal detecting.

Some people have placed ads online offering to search for lost items for a reward if the item can be found. It might be a good idea to join a club to learn from those with more experience. If you find something substantial you can take the item to a jewelry or coin shop to find out what it’s worth. Following are some helpful sites to help get you started. Good luck!

Metal Detector Reviews – This site is a good starting point when trying to decide what kind of a detector to buy. It features user reviews of many different types of metal detectors broken down by manufacturer and price. They also offer search tips and a list of over 100 places to look for your loot.

Go Metal Detecting – This excellent site offers searching and cleaning tips, tutorials, treasure stories, a forum and a link list of detecting clubs.

Related Reading:

Bucks Guide to Making Side Cash

Monday

Frugal Lessons From The Past: College During the Depression


History can provide some of the best lessons to help us figure out solutions to today’s problems.


Concerning finances, thrift, frugality and simple living there are tried and true bedrock principals that we should never forget.


This post is part of a series that focuses on some of those principals by going to source materials for inspiration.

The following is taken from the book The Great Depression by David A. Shannon and is a list of some of the ways college students made and saved money during the 1930’s.

Running a “dog laundry”

Serving as a campus guide

Working side jobs including gas station attendant, undertakers helper, railroad fireman, in a steel mill, cutting tombstones, selling newspapers, first aid instructor, washing dishes, moving furniture, painting, tutoring, washing cars, night watchman, janitor, secretary, mail carrier, clerk, usher and switchboard operator.

Cooking their own meals

Working on campus or trading items for tuition

Taking in boarders

Reselling textbooks

Remodeling and mending clothes

Catering

Housekeeping

Babysitting

Tinting photographs (there might not be as much of a market for this one today)

Related Reading:

Frugal Lessons From The Past: Economy in the Home

Friday

Weekly Roundup


Wanderfly is a travel site with a “personalized recommendation engine.” Use it to help “find, organize, share and book your travel – all in one place – so you can get going and start discovering new places.”

If you are looking for legitimate home-based work take a look at Leapforce. They are currently offering positions for search engine evaluators, map quality analysts and search quality judges. Check out the site for more info.

WannaLearn is a hand-picked collection of free instructional sites on a wide variety of topics such as computers, crafts, health, fine arts, business, and even a section on how to make useless things. Very click-worthy.

The Wall Street Journal offers this article featuring an itemized receipt breaking down how your federal taxes are spent.

For my fellow gardeners here is a site to bookmark and return to for inspiration over the coming winter. Barbara Pleasant is a garden writer who offers up great tips and advice on all things gardening.

Some recent personal finance posts I enjoyed reading.

This post ponders the difference between wants, needs and wants you need.

Here is some advice on how to manage money when you’re overwhelmed.

Weekly Reminder – A reminder of a useful article you might have missed.
I wrote this post listing 10 ways I have made money since losing my job.

Have a good weekend!

Wednesday

Frugal Recipe: Chicken Tortellini Soup


It is the time of year when we love to make soups, and this is one of our favorites. With just a few ingredients and spices this makes for a delicious, hot soup to take the edge off of a cool autumn day.

Ingredients:

Two cups of cooked chicken

One package of cheese tortellini pasta

One small onion, diced

One package of mixed frozen vegetables

One can chicken broth, or use homemade

Two stalks celery

One can cream of chicken soup

Directions:

Mix all of the ingredients together in a pot and simmer until done, then add a pinch or so to taste of the following: white and black pepper, parsley, thyme, garlic, basil, tarragon and a few shakes of parmesan cheese. Serve with crackers or your favorite kind of bread.

Related Reading:

Frugal Recipe: Poppy’s Chili

Monday

Ten Tips to Stop Living Paycheck to Paycheck


The following is a guest post by Omar Adams, who writes on the topic of online accounting degree . He welcomes your comments at his email id: omaradams47@gmail.com.


The figures are startling to say the least – over 70 percent of Americans live from paycheck to paycheck. By the time pay day comes around, they’re broke and waiting to get their hands on the money that is due them. It’s a vicious cycle that they cannot seem to break; it becomes a habit that is hard to get rid of; in short, it’s like a ticking time bomb waiting to go off. Living from paycheck to paycheck is not such a bad thing if you live within your means and have no outstanding debt except your mortgage; however, it might be a good time to tighten your belt and start putting aside some money every month. This not only builds a fund for a rainy day, it also makes it possible for you to enjoy something you like, even if it’s extravagant, at least once a year. Here is how to get started.

1. Start by taking stock of your income every month (or week). Count only monies that are sureties, not any inheritances or windfalls you’re expecting will happen.

2. For a whole month (or week), keep track of all your expenditures; hold on to bills and receipts and list everything that you buy.

3. Using this list and the receipts you’ve collected, separate your essential expenditures from those that are not necessary for day to day life. This would include payments towards loans, groceries, repairs and maintenance, gas, etc.

4. Now total these non-essential expenditures and subtract it from your overall expenditures for the month (week) and you have a figure – this is the amount you can literally save every month (week).

5. Put aside half of this amount into a savings account and the other half into your checking account.

6. Set a rule where you’re never supposed to touch the money in your savings account unless it’s for an emergency. Use the money you’ve saved in your checking account for any overflows during that month – you may have guests or your child may need something extra for school. Put any amount that remains into your savings account.

7. If you have any outstanding amounts on credit cards or pay day loans, pay them off with the money left over each month. Concentrate on the bills with the higher interest rate, and if possible, try and consolidate all your debts into one with a single, lower interest rate.

8. Now start thinking of ways to bring in more money – if your house is large, rent out a portion of it so you have more money for expenses and maintenance; take on a second job if you have the time; or try to make money off the Internet in your spare time. The best way to save more money is to make more of it.

9. Rework your budget every month to include all the money that comes in; however, don’t start spending more just because you’re making more. Wait for at least a year or until you have a sizeable amount set aside in your nest egg before you allow yourself to spend more. If you start splurging all your hard-earned money, you’re going to go back to living from paycheck to paycheck. Remember that your additional income is not permanent, and until it becomes so, it’s best to keep the purse strings tightened.

10. Finally, resolve never to go back to living from paycheck to paycheck; it’s going to take an enormous amount of willpower and determination, but if you’re able to stay the course for a few months, it becomes easier with time. The sacrifices you make are worth the emotions you feel when you’re finally debt-free and have a sizeable amount in the bank.

Friday

Weekly Roundup


The goal of Sharing Backyards is to make sure “that anyone who wants to garden and grow food for themselves can.” They match up those who have space to garden and are willing to share with those who would like to have a gardening space.

If you ever find yourself needing to convert documents to PDF give the free PrimoPDF a try.

Repair Pal can help you compare auto repair estimates, search for a repair shop and share reviews. Make sure to bookmark this one as there are plenty of other hints and tips to peruse.

I finally found a finance article reporting some good news, or something like that. Maybe.

County Health Rankings provides access to state reports ranking each county within the 50 states according to “four different types of health factors: health behaviors, clinical care, social and economic factors, and the physical environment.”

Some recent personal finance posts I enjoyed reading.

This post asks if your weight is affecting your salary, and gives some maybe not so surprising answers.

Here are 10 ways we lose money without realizing it.

Weekly Reminder – A reminder of a useful article you might have missed.
Here I review the book “Gene Logsdon’s Money Saving Secrets: A Treasury of Salvaging, Bargaining, Recycling and Scavenging.” Worth a read, if you are into that sort of thing.

Have a great weekend!

Thursday

Tasty Autumn Tidbits


The following is a guest post by Olivia Fox. Growing up in an artist’s family, she delights in finding creative ways to make money stretch. Her musings can be found at The Frugal Bohemian. I highly recommend you visit.

At our house we’re always in the market for treats, especially frugal ones. Here are several food items prepared from stuff we used to dump. Now they’re good enough for gifts.

Candied Peels

Score the surface of four thick skinned oranges or five lemons into quarters through the white, and peel from the fruit. Slice the rind lengthwise into 1/4 inch wide strips. Place in a pot, cover with cold water, bring to a boil. Simmer for 15 minutes. Drain. Repeat with fresh water. Drain. Repeat. Dissolve 4 ½ cups sugar in 1½ cups water over low heat. Add peels to the sugar syrup. Simmer on a low until the rinds become translucent, about 45 minutes. Let them sit in the syrup overnight. Heat through in the morning and gently drain. (Save the syrup for hot tea.) Coat individual peels in granulated sugar and dry on a rack overnight. Store in an airtight container.

Toasted Seeds

Take a squash with big seeds, like butternut or pumpkin. Remove the seeds, separate them from the pulpy middles, rinse and drain. Preheat the oven to 350 degrees. Drop the still-damp seeds, single layer, onto a lightly greased pan. Sprinkle them with salt, garlic powder, and paprika. Or for a bit more kick, chili powder. Toast for about fifteen minutes until lightly brown.

Apple Peel Jelly

Put the cores and peels from about 15 apples (4 cups tightly packed) into a large pot and cover with 6 cups water. Simmer about 20 minutes. Drain the juice through a cheesecloth lined colander into a bowl without squeezing. At this point follow the recipe for apple jelly on your pectin package. If you find there’s not enough juice, do a second boiling of the peels in an additional cup or so of water. The final jelly is delicately flavored, and blush colored.

So there you have it. Buon Appetito.

Related Reading:

One Way to Get the Most Out of Your Chicken

How to Save Money by Salvaging

Become a Food Rescuer

Wednesday

The Happiness of Life


Samuel Taylor Coleridge wrote the following about what he thought made up the happiness of life.

“The happiness of life is made up of minute fractions—the little soon-forgotten charities of a kiss, a smile, a kind look, a heartfelt compliment in the disguise of a playful raillery, and the countless other infinitesimals of pleasurable thought and genial feeling.”

Monday

Five Interesting Frugal Videos

The following are five interesting videos showing many ways people who are practicing the art of frugality can conserve resources and save money, courtesy of YouTube.

Meet the Carters



The $21 Challenge!



The Most Frugal Moms in the Country



Being Frugal: The Original Sustainability?



Possum Living