What is going on!? It seems that there is an amazing new festival every week!…but I am not one to complain, I am merely the messenger. Be sure to check out this weeks Festival of Frugality from our friend Jacob at My Personal Finance Journey. Check out his top three editors picks for all your great frugal needs.
1. Darwin presents Older Americans Are Going to Wreck Your Life – Here’s Why posted at Darwin’s Money, saying, “There are several surprising demographic and financial reasons why older Americans are set to wreck your life. Nobody’s talking about it, but the outcome is undeniable.”
I would give this article the top ranking merely for the picture at the top of this post (just kidding, but check it out anyway! haha). However, on a more serious note, this post brings up some VERY important issues about how the Baby Boomer’s and other aging individuals will affect the economy in the near future.
2. Mike Holman presents A practical way to estimate and budget for home maintenance costs posted at Money Smarts Blog, saying, ”Traditional methods of calculating home maintenance costs can be misleading. Here is a more accurate to handle house maintenance costs.”
The posts you read while surfing the blogosphere that make you think to yourself, “I need to perform this same analysis with my specific situation,” are true gems! Indeed, they are probably the reason that many of us read blogs in the first place. This article is one of these posts. Personally, I have been using the percentage method of calculating home maintenance costs for the past year and a half since I bought my condo. The method described in this post seems much better though, and it definitely warrants me to give it a try!
3. Evan presents Can You Tell One Scotch from Another? Price versus Preference posted at My Journey to Millions, saying, “Just because you pay 50% more for your cell phone service doesn’t mean it is better …just because you overpaid on an engagement ring doesn’t make it more valuable…and just because your bottle of scotch is 4 times the price doesn’t mean you’ll like it more!”
Personally, I’ve never been able to see how people discern a significant difference between a good $15 bottle of a wine and an expensive $80 bottle of wine. Heck, I’m happy just having a $2.77 (price just went down) bottle of Oak Leaf from Wal-Mart for every day drinking. So, this post really resounded with me! Give it a read!
Be sure to come back next week for the 299th Festival from our friends over at Credit Karma Blog. Don’t forget to send your entries here as soon as you can!
Also, #300 is still open for hosts along with the rest of October! Let me know if you are interested as soon as you can as these will fill up fast. Please see the guidelines and, if you meet them, send me a message of interest to get on the schedule.