Festival of Frugality # 322 – February 7th, 2012 Edition

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Welcome frugal personal finance fans! Thanks for stopping by.
My Personal Finance Journey is very proud to be hosting this week’s edition of the Festival of Frugality. 
For those of you that are unfamiliar with the Festival, its purpose is to spotlight excellent ideas that are floating around in the blogosphere to help readers squeeze a few extra pennies, nickels, dimes, or quarters out of every dollar. And, in this age, I believe that we all could use some good advice on how to do this!
So, without further a due, let’s get on with the Festival!
Shown below are the top 3 picks out of this week’s submissions. Congrats to the winning article from Squirrelers. I’ve been a big fan of their work over there since about day 1 that I started blogging, so I am always happy to read one of their pieces! 
Top 3 Editor Picks

1.  Squirrelers presents Hara Hachi Bu and Money: The 80% Solution posted at Squirrelers.

In this post, Squirrelers proposes the idea of applying an Okinawan approach to regularly eating until a person is 80% full, called Hara Hachi Bu, to personal finance (saving/spending in particular). Specifically, it is proposed that a person can start getting much further ahead in their personal finances by examining their current level of expenses, and trying to spend only 80% of the current expense level going forward.

Personally, I really liked this idea/approach. It gives people somewhat of a concrete methodology and goal to use to start saving more – rather than just recommending to “save more.” I think I’ll put this on my list of things to analyze for own personal finances as well and see if I can cut 20% in any areas.

2. Mr. Money presents Do You Save Your Pocket Change? For One Indiana Man, It Adds Up To a New Car Every 10-15 Years posted at Smart on Money.

In this post, Smart on Money shares the somewhat amazing story of an Indiana man who has purchased not just one, but several, cars using only spare change that he has accumulated throughout his lifetime.

I found this to be a very cool story! I didn’t know people were saving up to buy whole cars with spare change. I keep all of my spare change that I generate in a jar and usually cash it in and deposit to my savings account once it gets full, but probably do not spend enough cash to accumulate the level of change needed to buy a car.

3. Annabelle presents Which are most frugal: cats, dogs, or babies? posted at Shopping Detox.

This post shares some concrete estimated total costs (along with some awesome pictures!) for cats, dogs, and babies in order to determine which saves the most money over their lifetime. 

I would agree with the conclusion that cats are probably the most frugal as well – mainly because they require fairly little interaction, eat less, and can be left alone for longer periods of time than dogs and babies. 

And now, on to the best of the rest!

KT presents 3 Tried and True Ways to Find Money to Snowflake on Debt posted at Personal Finance Journey.

Corey presents Furnishing Your Apartment from Ikea? posted at 20s Finances.

Suba presents Simple Home Maintenance Anyone Can Do posted at Broke Professionals.

Erika presents How do you talk about money with your husband? posted at Newlyweds on a Budget.

YFS presents 10 Easy Tips for Saving Money on Car Insurance posted at Your Finances Simplified.

Jester presents Unexpected Crisis posted at The Ultimate Juggle.

Jen presents My Biggest Financial Fear posted at Master the Art of Saving.

Wayne presents Cheap Romantic Dates posted at Young Family Finance.

John presents Frugal Living is All About Creating the Debt Free Magic in Your Life posted at Married with Debt.

Hank presents How To Raise The Next Millionaire Entrepreneur posted at Money Q&A.

Eddie presents Airline’s Charge to Check Bags = One Big Cash Grab posted at Finance Fox.

FG presents Is Canada Immune to a Financial Blowup? posted at Financial God.

A Blinkin presents Are You A Mental Accountant? Grand Finale posted at Funancials.

Evan presents How I Saved $80 with Sprint and Why You Should Read Personal Finance Blogs posted at My Journey to Millions.

Money Cone presents This one thing will make a huge impact on how your car handles in snow and ice posted at Money Cone.

Matt presents Can You Live Debt Free and Still Have Credit Cards? posted at Living in Financial Excellence.

Jon the Saver presents We Won What? posted at Free Money Wisdom.

Peter presents Home Workout Programs can Be a Cost Effective Alternative to a Gym Membership posted at Bible Money Matters.

Justin presents How to Throw a Super Bowl Party on the Cheap posted at Money Is the Root.

Evan presents Our Frivolous Guilty Pleasures posted at Smart Wealth.

Miss T. presents How to Keep Your House Clean without Spending a Lot of Green posted at Prairie Eco Thrifter.

Beating Broke presents Take a Challenge to Start the New Year Off Right posted at Beating Broke.

D.J. presents 5 Tips to Slash Your Food Budget posted at The Family Wallet.

Marie presents Money Saving Tips for New Parents posted at Money Spending Mommy.

Cash Flow Mantra presents Getting More Miles Out of the Old Van posted at Cash Flow Mantra.

FMF presents Saving $2,000 a Year by Eating Samples at Costco and Grocery Stores posted at Free Money Finance.

Teacher Man presents More Rewarding: Earning vs Saving posted at My University Money.

John presents A Review of Food.com: Your Online Cooking Resource posted at Passive Family Income.

Kay Lynn presents 4 Things That Used to Be Too Expensive posted at Bucksome Boomer.

Marie at FamilyMoneyValues presents Win Rich Dad’s Cash Flow 101 Game posted at Family Money Values.

Everything Finance presents Can You Live a Cash Only Life? posted at Everything Finance.

Glen Craig presents Don’t Underestimate the Cost of Living When Deciding Where to Live posted at Free From Broke.

Glen presents 5 Kids Expenses to Budget For – Apart from College posted at Parenting Family Money.

Little House presents Are We Betting Against Death with a Life Insurance Policy? posted at Little House in the Valley.

SavingMentor presents Calling Retentions Can Really Slash Your Bills posted at HowToSaveMoney.ca.

Lisa presents How to Save Money on Your Super Bowl Party posted at Thriftability.

Lindy presents Making Cards, Not That Hard posted at Minting Nickels.

Marissa presents How much is commuting costing me? posted at Thirty Six Months.

Dr Dean presents Five Per Day: Keeps the Doc Away? posted at The Millionaire Nurse Blog.

Melissa presents Do You Really Want a Typical Valentine’s Day? posted at Fiscal Phoenix.

Paula presents How Much Will It Cost to Maintain a House? posted at Afford Anything.

Kennedi presents How Stores Trick You Into Spending More posted at Face and Fitness.

Kurt Fischer presents Airline Ticket Purchase Timing posted at Money Counselor.

Roger the Amateur Financier presents Frugal Friday – Automobile Maintenance posted at The Amateur Financier.

Mama Squirrel presents That’s one frugal makeup bag (crochet projects) posted at Dewey’s Treehouse.

Amanda L Grossman presents The Zero Sum Financial Game: Ideas to Help You Juggle the Month posted at Frugal Confessions.

Aloysa presents Spending That I Can Afford posted at My Broken Coin.

Well, that wraps up this week’s posts! They sure were some great ones and very interesting to read through!
Get your articles in early for next week’s Festival (Festival of Frugality #323 – host to be determined).

Also, let Ryan (the Festival organizer) know if you are interested in hosting as well. It’s a bit of work, but a great way to get your blog out there and meet new folks in the process! I just took a quick look at the schedule, and it appears that almost all of the hosting dates are open for the rest of this year. So, there is plenty of opportunity!

If you were included in this list, please don’t forget to link back to the festival here. Thanks!

***Photo courtesy of http://images.cdn.fotopedia.com/flickr-2630539049-hd.jpg


  1. Thanks for the mention!
    My recent post Investing 100% of My Income: January Update

  2. Thanks for including my post!
    My recent post 9 Common Ways You Could Be Wasting Your Money

  3. Thanks for including our post.
    My recent post Think Smart with Penny Stocks

  4. I'm truly flattered to be an editor's pick and read such kind words about Squirrelers. Thank you!
    My recent post Patience is a Virtue for Certain Money Goals

  5. Thanks for hosting the carnival this week, and thanks for including my post. 🙂

    My recent post My Goals 4 February 2012

  6. Kurt @MoneyCounselor says:

    As a rookie, I'm especially excited to be included. Thanks!
    My recent post Handling a Money Crisis

  7. Evan @ Smart Wealth says:

    Thanks for the inclusion
    My recent post Weekly Roundup: 2-6-2012

  8. Thanks for including my post. The pocket change to buy a car story was fascinating.
    My recent post A Valentine’s Day: Make A Choice!

  9. freefrombroke says:

    Thanks for hosting!
    My recent post How to Save Money on Auto Insurance – Easy Ways to Save Money

  10. Thank you for the inclusion!
    My recent post Harper’s Plan to Cut Canada’s Old Age Security (OAS) Program

  11. John-MarriedWithDebt says:

    Thanks for including me and for hosting!
    My recent post The Best Travel Tip I Ever Learned

  12. Thanks to everyone for submitting! I enjoyed reading your articles!
    My recent post Saving Money on Your Health Insurance

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