Memo to Self: “I Suck When It Comes To Money”

Sometimes we ignore reality and just say to ourselves “la la la la la” whenever we are confronted with an unpleasant thought. It’s especially true when it comes to the way we deal with our money and personal finances. Tell the truth…do you suck at money?

If you suck at money, then it's time to change your financial habits once and for all. Read on for how to get started putting your finances back in order.

The blurting out of the “la la’s” and pretending everything is just fine is something that mostly happens when you’re age 9 (I’ve done exhaustive research here, so please believe me on this). Why? Well, that’s because when you are a kid you almost never have to bear the consequences of a bad money decision. Losing your lunch money on the way to school doesn’t qualify.

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The True Cost of Owning a Home

There is an ongoing discussion about whether or not buying and owning a home is a really a good idea. I have been a homeowner myself continuously (with just a small blip on that screen while I recovered from my divorce) since 1976 and that’s roughly 40+ years, so I can testify that owning your own home has been a great move for me. That’s why I wrote about it several times (most recently with “Damn Those Skeptics: Owning a Home Does Build Wealth” in January 2018) and said it is definitely a good thing.

The cost of owning a home can be more significant than it first appears. If you're a renter, you may be in for a big surprise when it comes to ownership.

But, and here’s the big but, maybe not for everybody! Why? There is a list of reasons as to why home ownership may not be the right decision for you, but one of the most underestimated and overlooked is understanding:

What is the real price of owning your own home?

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Saving Money at the Very Best Outlet Stores

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Just this past week I checked out a new Sketchers outlet store here in my neighborhood and I have to tell you I was pretty impressed. Located in an existing strip mall on a major highway, it was way more than I expected and actually presented itself as a very classy and well-appointed shoe store for the family. It even had their own brand of sportswear and accessories to go with its well-known shoe brand. The store was clean and beautiful, and it didn’t make me feel like I was shopping at a discount store.

Outlet stores have changed over the years, but they are still a great place to find bargains. Here's what to look for when you're shopping the outlets.

The prices appeared to be pretty awesome with discounts of 30-70% off the “regular” retail. Skechers are not cheap shoes (if price is any indicator) and these shoes were mostly priced under $50 with some under $30. A note of caution with any retailer or outlet store: don’t just believe in the fantasyland savings of things like “Reg. $250.00, now just $ 9.99”! That’s pretty much just showbiz in an outlet store. But, even with that in mind, it seemed to me I was shopping at one of the very best outlet stores I had ever seen.

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The Importance of Money – Revisited

There are thousands of personal finance questions that people ask about and wish they had the answers to. For example, we all wish we had the answer to finding easy ways to make some extra money, don’t we? That’s a subject that every personal finance blogger has been asked about and probably offered dozens of different ways to do it. But besides finding new ways to earn, people search on the answers to many other questions.

The importance of money can be debated, but in the end, we all need it to survive in this society. Here's why it really is important.

Whether it’s earning extra money to paying off debts, getting the best deals when you shop, learning ways to budget your money each month, or stretching your cash, every question is important and needs some kind of valuable answer. The good news is that there are no shortages of personal finance bloggers that will offer their expert opinions. But, there is one very “cerebral” question that is asked of me constantly and it’s this one:

Why is money so important?

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Happy Blogiversary: Celebrating 5 Years of Super Saving Tips!

This month celebrates Super Saving Tips 5th blogiversary and begins year number six! Can you believe it? I find it hard to believe myself. As I approach post number 500 totaling well over 500,000 words (mostly spelled correctly), I feel pretty proud.

It's time to celebrate Super Saving Tips' 5th blogiversary! Here's a little bit about how far it has come.

So the first thing I really want to say here is:

Thank you for reading, commenting on, and supporting Super Saving Tips over the past five years!

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How Personal Finance Bloggers are Reinventing the Wheel

Every single day of the week, over a thousand personal finance bloggers (many of whom are way more successful than I am) are read by hundreds of thousands of people. All of them, and you and I, talk a lot about what’s “really important to know” or “what you have to know” about your personal finance details to be “successful”. Yes, there are always some new ways of thinking about that, but there is one undisputable truth about your personal finances. That truth is easily identified and it is:

The most important rules of successful personal finance are the ones that just never change.

Personal finance bloggers like me are reinventing the wheel by bringing new relevance and perspectives to age-old truths.

Fundamentally Speaking…

The wheel has been said to be invented by the Sumerians around 3500 BC. But, there is evidence and also a historical belief that the wheel was first used around 12,000 years before that and was “invented” many times by totally different societies that had no contact with each other. That information is interesting because it reinforces my premise that once something is established and proven to be an item that actually works and works well to accomplish a goal (like the wheel), it just never changes.

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The Super Saving Tips Money Savings Challenge

Today I’d like to throw down some great money saving ideas to put on your agenda and “challenge” you to save! Some of these are old tested and true standards and some are a little bit off the beaten path, but sometimes we need to be reminded about the simple ways to save our money. I am going to take my own savings challenge and report back to you after the month of May. I want you to do the same and follow these tips!

This month, it's time for a savings challenge, and I'm proposing 7 different kinds. Choose what works for you and let me know how it goes!

Money Savings Challenges for You to Try

1. A no spending to and from work week

You may be thinking, “Gary, that’s just totally impossible!” Nope. Well you ask, “how is it done?” It is quite easy actually. First, go ahead and fill your gas tank up the day before you start this particular challenge. You’re going to need gas for sure, but by doing it in advance you can easily avoid the temptations of stopping by the gas station on your way to work to get a little pick-me-up coffee and bagel. Make a cup and a snack at home before you head out the door. Can you manage to put the spending on hold for just those five work days? You can most definitely do this challenge. I believe in you. When the work week is over, you just might want to start applying this saving tactic to your life every week. Do it and you can easily save $25 every week!

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Free Perks You Didn’t Know You Already Have!

Finding a $20 bill in your coat pocket is something you’ve just got to love when it happens! But even though that is great news and a surprise, it is probably just your very own $20 bill that you forgot about and misplaced, so it really doesn’t give you a real “something for nothing” win. Wouldn’t it be much better if the “money fairy” just left it in your pocket for fun? Well, that is actually the case, sort of, when you take a look at some of the free perks you have and didn’t know you already have!

With credit cards and memberships, you may be entitled to many free perks that you don't even realize. Here's just the beginning of what to look for.

Free, Free, Free…Did I Say Free?

Some companies actually do give you free stuff and benefits and maybe you just don’t ever even know about it! One of my mentors, back in the day, told me something that has stuck with me through the years and its so true. He told me:

If you ever do something nice for your customers, then you need to tell them about it! After all, if they don’t know, then you have wasted all of your good intentions and the credit for it.

No credit for it and well, it is really a wasted effort, isn’t it?

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