Archive for the ‘Frugality’ Category

81st Festival of Frugality: Tight Fisted Miser

Tuesday, July 3rd, 2007

We’re one day away from the big BBQ and fireworks festival that is our Independence Day here in the United States and so it’s only fitting that I share a BBQ related frugal tip for you that, unfortunately, might come too late for you to take advantage of it. If you haven’t gotten yourself a propane tank yet, try getting an empty propane tank second hand off Craigslist for a few bucks. The difference between the exchange and getting a whole new tank is at least twenty dollars, so you can save yourself a few bucks by picking up a beat up one on the secondary market!

This week’s host is Tight Fisted Miser and the 81st Festival of Frugality is up for all to enjoy.

Here were the choice bits according to TFM:

Happy Fourth!

Next week the host will be Ask Mr Credit Card so please get your entries in!

Are You As Frugal As Hetty Green?

Friday, February 23rd, 2007

From Fortune’s Almanac of American Wealth: Wealthy Eccentrics:

Hetty Green (1834-1916)
Green turned a small fortune inherited from her parents into a huge one. Her investment style was conservative, but canny; she favored railroads and real estate, and always kept substantial cash reserves. She lent but did not borrow. Referred to (behind her back) as the “Witch of Wall Street,” she was known for two things: her ability to make money and her inability to spend it.

Perhaps it is not true that she spent an entire night looking through her house for a two-cent stamp, but her stinginess was legendary. She had a single black dress that she would wear until it wore out, and disdained heat and hot water. She worked out of space at a bank, surrounded by stacks of securities, unwilling to pay rent for a room of her own. She re-used envelopes and ate oatmeal for lunch. In old age, when she suffered a hernia, she refused to have an operation: It would have cost $150. When she died, Green’s fortune was estimated at $100 million (about $2 billion in current dollars).