Personal Finance Review – First Lesson in Frugality

August 5, 2007

A person is never too young to start learning how to be frugal. My son had his first lesson in frugality this weekend when I taught him to lick the inside and lid of the yogurt container clean.

Of course he doesn’t understand the concept of money yet, however, he is learning an important component of frugality.  Get the most use out of everything you can. Make your resources last as long as possible and don’t waste anything.

The responsibility of teaching him all that he needs to know can be a bit overwhelming but it is nice to see a few lessons sinking in already. I found a lot of good personal finance stuff this week so the review is a bit long, enjoy!

Your Long Commute May Cost You More Than Time and Money @ Gen X Finance

Making Money with an eBay Store @ Mighty Bargain Hunter

What Is Gap Insurance? Who Needs It And Who Does Not? @ Money, Matter, & More

Reducing Our Electrical Usage: One Year Later @ Five Cent Nickel

Zecco and Prosper: Two Great New Ways to Invest @ Lazy Man & Money

Boost Your Career with Professional Classes @ Free Money Finance

Setting Up Another 529 Plan @ The Suns Financial Diary

One Sentence Summaries of 10 Prominent Personal Finance Books @ Blueprint for Financial Prosperity

7 Ways To Destroy Your Credit With Bad Mortgage Loans @ The Digerati Life

Get Your Personal Finance Questions Answered @ Consumerism Commentary

Starting A Savings Account For Your Newborn @ The Simple Dollar

Saving For A Home On Your Own @ My Money Blog

Store-Branded Credit Cards: A Shocking Look Back @ No Credit Needed

Thanks to Plonkee Money for hosting last week’s Carnival of Personal Finance, Frugal Babe for hosting the Festival of Frugality, and the Financial Blogger for choosing How Money Can Change a Life as his favorite web article for July!


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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2 Responses to Personal Finance Review – First Lesson in Frugality

  • Ben

    Thanks Happy Rock, I’ll have to remember that one when our little guy starts flipping the light switch on and off.

  • The Happy Rock

    The licking the lid comment makes me laugh.

    I know my 22 month old just started saying electricity, because part of the explanation we are used to try and curb his fascination with turning lights on was to say “it saves electricity”. Kids are great!