How to trim your living expenses. (Realistically.)

9781591846437HWhile at the Financial Blogger Conference in St. Louis, I ran into Brian J. O’Connor, personal finance editor and columnist for The Detroit News. He was in the Expo Hall, handing out copies of his book, “The $1,000 Challenge: How One Family Slashed its Budget Without Moving Under a Bridge or Living on Government Cheese.”

I happened to have read the book (got an advance uncorrected proof) and was thus able to provide him with potentially the strangest endorsement for the cover of the second edition: “Your book helped me get through my colonoscopy prep.”

He did blink a bit at that, but apparently being a PF writer in Detroit exposes you to all sorts of odd people.

I’d kept the galleys in the bathroom during the, uh, cleansing part of the prep, so as to get a little work done despite my frequent trips to the john. Turns out it was the right move, so to speak: The book is funny as well as well-researched and it took my mind off the current circumstances.

O’Connor’s premise is simple: As middle-class budgets get squeezed ever more tightly, how can we actually save in the face of price increases of the most basic needs?

But he did it, trimming his own family’s budget fairly ruthlessly — yet also fairly painlessly. That’s why I’m giving the book away: to inspire others to find ways to rearrange their own expenses.

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Time is something we can’t do over.

thThe 2013 Financial Blogger Conference was the best yet, and also the most exhausting. We got up at 2 a.m. on Tuesday, Oct. 15 to fly to St. Louis and, coincidentally, walked back through our front door at about 2 a.m. on Thursday, Oct. 24.

In between: a long plane trip, most of a day spent “frugalizing” a family with MP Dunleavey (for her Woman’s Day column), the conference itself and then a few days hanging out with my daughter, who also attended.

The conference days were a blur of activity, four days of leaving the room at 7:30 or 8 a.m. and falling back into bed at 1:30 or 2 a.m. Yet it was delightful to attend sessions, reconnect with others who’ve attended for three years running, to win prizes, and to discuss some very interesting work-related propositions (nothing I can noise around just yet, though).

Right now DF is on furlough (grrr), so we had Thursday and today to recover from the trip. It’s been tough for me to get my head back into the game; instead, I want to spend my days talking about writing and having other people cook for me.

Scratch that: I want to spend my days working only when I feel like it. I expect I’m not alone.

As I noted in “Termination dust,” being kicked to the virtual curb by MSN Money has caused me to reconsider the kind of life I want to lead. That’s why an e-mail I received today really resonated.

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Message in a virtual bottle.

Message in a virtual bottle.I’m tossing this post out there on faith, because I’m not sure how many people will actually be able to read it. That’s because the site continues to flutter and flicker.

My web goddess is ferreting out the gremlins responsible for the past few days’ worth of aggravation. It’s not an easy task, so please hang in there if you get “site down” or, worse, “fatal error” messages over the next couple of days.

Honest: I’m not quitting the business, even though part of the business quit me (and an unknown number of other writers).

Today I put my final MSN Money post into draft form. After almost seven years of contract work it feels odd to be a free agent once more. Not unpleasantly odd, mind you: I’m looking forward for a clear space in which to breathe.

I’ll still have to work, but I’ve lined up just enough to pay my basic expenses. I don’t want to dip into savings, but neither do I want to go back to being just as busy as I was before.

In other news…

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When helping your parents hurts you.

When helping your parents hurts you.Last month I was contacted by Kira Reginato, an elder-care management specialist and host of a weekly radio program in Santa Rosa, California. She’d come across an article I did for MSN Money called “Are you your parents’ ATM?”

Reginato invited me to be on her program, “Call Kira About Aging,” to talk about this very sensitive issue. If you’d like to hear the result, you can access the podcast here.

No time to listen? Let me give you a few of the highlights, starting with some frightening stats regarding folks currently in their 40s and 50s. According to the Pew Research Center:

  • 27% provide primary support for a grown child.
  • 21% have provided financial support to a parent aged 65 or older in the past year.
  • 38% say both their grown children and their parents rely on them for emotional support.

Anybody but me think that sounds not only emotionally but financially exhausting?

Specifically: If you’re helping out parents whose money isn’t stretching far enough and/or picking up the slack for your under- or unemployed kids, what happens to your own finances?

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Need a reason to save? Here’s a $10,000 reason.

Donna-FreedmanSeptember is National Coupon Month, and Valpak and Savings.com are sponsoring a campaign called “10,000 Reasons to Save.”

The idea is to highlight the “tangible, long-term impact” that coupons can have on our lives.

Coupons have made a major difference in my life, especially when I was a broke single mother and a broke middle-aged college student. Maybe they’ve made a big impact in your life, too – and if so, you can share your story for a chance to win up to $10,000.

That would be a pretty big impact, too. 

The Reasons to Save website invites readers to contribute short essays (250 to 500 words) about their specific reason to save – buy a house? have a baby? put an existing baby through college one day? – and how smart coupon use could support that long-term goal.

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Jean Chatzky wants to school you on finances.

XSmallWant to take charge of your debt, your spending, your retirement or some other aspect of your finances? Maybe it’s time to go back to school.

Jean Chatzky’s “Money School” opens Sept. 10 – and since friends don’t let friends pay retail, I can offer you a discount code.

The financial editor for NBC’s “Today” show and the author of eight books, Chatzky will teach half a dozen virtual personal finance classes in real time (more on that in a minute).

You can choose one or two or take all six for an additional discount. Bonus: You won’t have to worry about mean kids who slam you into lockers or steal your lunch money.

What’s on the syllabus? So glad you asked.

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In which I electioneer for the 2013 Plutus Awards.

thNot for myself! I did ask for Plutus Awards votes back in 2011, when I was nominated for “Best Blog Contributor or Freelance Writer” and “Best Written Blog.” (Thanks to all who voted, because I did win the first one.)

This time around, I’m asking for your votes for someone else: my daughter, Abigail Perry, who writes I Pick Up Pennies.

It’s pretty easy to do: All you have to is click on this link and her site’s URL will automatically be filled in under “Best Kept Secret.” Enter your own information (name, e-mail and whether or not you’re a PF blogger), then just scroll a bit further down and hit “nominate” – and you’re done.

Do I sound impossibly stage mom-ish? Well, she’s too modest to nominate herself so I felt compelled to do it for her. Here’s why.

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Giveaway: Clark Howard’s new book.

9781583335253LConsumer king Clark Howard has followed up his New York Times bestseller “Living Large in Lean Times” with another one that’s sure to be a hit. I know this because I’ve read it: Clark has donated two copies for review and/or giveaway.

Review first, giveaway after.

The format of “Clark Howard’s Living Large for the Long Haul” is quite smart: Interview 50 U.S. residents who were body-slammed by the recession and find out how they coped.

This is both shrewd and reader-friendly. Too often personal finance books and articles use people as bad examples: “John Smith had 24 credit cards. For years he was up to his hairline in consumer debt, and ultimately declared bankruptcy. Now his credit score is in the crapper, he can’t get a decent auto loan rate and landlords don’t want to rent to him. John is an idiot. Don’t be like John.”

It’s not that object lessons are bad. It’s that sometimes they’re a little too close to the reader’s own behavior. The temptation is to shut down, i.e., to be unable to learn anything from the example, or to pretend you’re nothing like John (“Yeah, I have a dozen cards but at least I don’t have two dozen – and I’m making the minimum payments on time so everything’s cool.”)

Clark’s premise is swell and once again he’s packed the pages with sometimes obscure and always ingenious tips. It’s a terrific resource, and one that I plan to keep on my own bookshelf along with his previous book.

That said, there’s something else to say: Clark, if you’re reading this, get yourself an editor, son. Please.

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Want more money? This book could help.

thAt age 17 Scott Gamm started his own personal finance blog, Help Save My Dollars. Now a business major at New York University’s School of Business and contributor to websites from The Huffington Post to TheStreet.com, he apparently decided he isn’t quite busy enough.

So he wrote a book.

More Money, Please: The Financial Secrets You Never Learned in School” is a good primer both for those just starting out and those who, well, never learned what they needed to know in school.

Know someone like that? Enter to win this book and give it to him or her. You might change a life.

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A satisfied life.

On Sunday we went to lunch with DF’s mother and her longtime companion. The most exciting part of the meal was the very large black bear that ran around in a field behind the restaurant until employees chased it away. The most interesting part was what his mother said about flowers.

She’d gone to a local nursery and was so taken by the blooms that she bought more than she needed. In fact, it’s been a long time since she bought anything she didn’t specifically need.

“It was nice to want something,” she said. “I haven’t wanted anything in a long time.”

That’s not because she’s clinically depressed or too impoverished to dream. It’s because she’s satisfied.

 

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