saving money

America Saves Week: Grow your dough.

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As a country, we’re not saving. Our personal savings rate is at its lowest level since the 2008 recession.

How’s your savings going?

Plenty of reasons explain why people aren’t saving: un- or underemployment, tax issues (local, state or federal), stagnant wages if you do have a job, illness (your own or a family member’s), the rising cost of living or even good old-fashioned bad luck (of all the cars in the parking lot, yours was the one that got sideswiped by a guy who just kept going).

Fact is, we have to do better. That’s why America Saves Week was created. Even if you don’t take the America Saves pledge (which apparently gives you the chance to win cash) or follow any of the suggestions in the ASW tool kit, the program might help you focus on this essential fact: It’s up to us to save ourselves – and one way to do that is to SAVE.

 

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Honey-mustard pretzels: An easy, frugal snack.

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Lately we’ve been playing around with recipes for honey mustard pretzels, thanks to having scored one-pound bags of Snyder’s of Hanover pretzels for 50 cents apiece at the bakery outlet.

We’ve experimented with proportions and also the type of pretzel: minis, nuggets and “snaps” (the square ones that look like tic-tac-toe grids — see illustration at left). Yesterday DF came up with what I think is the simplest and most flavorful honey mustard pretzels recipe in the whole wide world.

In the interest of scientific discovery, perhaps you should try it yourselves.

Here’s how:

Melt two tablespoons of butter. (We use a Pyrex cup in the microwave.)

Add three tablespoons of honey and three tablespoons of prepared mustard.

Stir in one teaspoon powdered mustard, a shake of garlic powder and a splash of Worcestershire sauce.

Pour one pound of pretzels into a large bowl and drizzle the sauce over them, stirring constantly until evenly distributed. (A rubber or silicon spatula works well.)

Coat two or three cookie sheets with cooking spray and spread the pretzels as evenly as possible. Bake at 250 degrees for at least one hour, stirring every 15 minutes. If they still feel super-sticky, bake them a little longer. (We have left them in for 75 minutes.)

Break up the pretzels with a pancake turner or your brave, brave hands. (Pro tip: It’s more fun to lick your fingers than a hot metal utensil.)

 

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Join us for a no-spend February.

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Is your budget suffering a holiday hangover? Were you caught in the government shutdown? Or are you just interested in getting control of your cash? A no-spend month could be the right first step to take, and NerdWallet is sponsoring one for February.

To be clear: That doesn’t mean no more fresh fruit until March, or having to shine on a prescription refill. A no-spend month is actually more like a “spend-super-intentionally month.”

On the NerdWallet “Community” message board, my former MSN Money colleague (and now NerdWallet columnist) Liz Weston describes the event as a month where you try to avoid any non-essential spending. Each participant gets to define what is and isn’t essential.

Having done a no-spend month before, Weston describes it as “kind of magical.” Specifically:

“Not only do we save money, but we get creative finding no-spend workarounds when unexpected situations pop up.

“We get clearer what’s a necessity and what isn’t, which can really help us get a grip on our spending going forward.

“We appreciate that having any discretionary spending is a blessing. For many, every month is a no-spend month because they don’t have any extra money beyond what it takes to survive (and sometimes not even that).” 

Sound good?

 

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Frugal Phoenix fashion.

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Before I begin, let me pat my own back for successfully resisting the headline “Phrugal Phoenix Phashion.” You’re welcome.

The thrift stores down here are much better than the ones in Anchorage. No surprises there, since more than a million people live in the Phoenix metro area. This means a lot of donations.

Specifically, a lot of donations of warm-weather clothing, the kind that doesn’t exactly crowd the racks in Anchorage thrift stores.

Since I’m due to attend (and speak at) the in Orlando, one of my goals was to find a couple of new shirts and maybe a pair of pants. My daughter and I spent some pleasant times treasure-seeking in Savers (called Value Village in Anchorage) and Goodwill.

I scored four shirts and a pair of cotton-linen slacks for less than $22. Abby found a bunch of tops for even less – and in the process triggered her thrift-store FOMO. That’s one of the down sides of thrifting. Fortunately my trying-on tolerance is fairly low, so I tended to find a couple of things and then just wait with the cart while she test-drove shirt after shirt.

The best part about Savers: the 50-percent-off sale that takes place every Monday. This allowed me to get good prices on clothes and also a hat to keep the punishing summer sun off the top of my head.

 

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Extreme heat, safe retirement and book-ish T-shirts.

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I’m in Phoenix, where my brain is slowly frying. Which helps explains the rando stuff I’m about to post.

First: I flew down here to Satan’s Fry Daddy to help my daughter celebrate her 40th birthday. Yes, I was surprised as well, and mildly curious as to where those four decades flew.

Part of my birthday gift to Abby was to help prepare* for the bash: cleaning, shopping and food prep. It was quite the spread, encompassing fruits, vegetables, hummus, meats, cheeses, tortilla chips and salsa, crackers, pita bread, chocolate chip cookies, miniature Reese’s peanut butter cups and a decent selection of adult beverages, bought by Abby and Tim and also brought by their pals.

If you’re gonna invite people, invite those who bring the weird stuff rather than expect you to anticipate their tastes. Hard iced tea – who knew?

 

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Early auto loan payoff: Three inspiring stories.

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Aside from a house, a car is probably going to be the most expensive thing most of us ever buy. According to Experian’s 2017 “State of the Automotive Finance Market” report, the average auto loan amount is now $30,621.

Sound like a lot? That’s because it is – and our cars probably cost more than that. The $30,621 figure is the auto loan amount. Imagine how much it might be without trade-in allowances and/or down payments.

Oh, and we’re borrowing for a lot longer. Almost one-third of borrowers (32.1 percent) are choosing terms of 73 to 84 months.

These are the kinds of numbers that make me want to lie down with a cold cloth over my eyes. I learned them while researching “How to finally pay off your car this year,” an article for Magnify Money.

Fortunately, I also know of some consumers who didn’t opt for seven-year loans. Instead, they paid off their vehicles in six to 18 months. They weren’t well-heeled – just determined.

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Black Friday 2017: Are you in or out?

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I have given birth to boring. My daughter put up a blog post today that testifies to tedium:

“I check the leaked Friday ads for what the Walgreen’s site-wide discount will be – so that I can buy really exciting stuff like toilet paper and garbage bags.

“Last year, I made a whole Excel spreadsheet to find the best price for loading up on the aforementioned toilet paper and garbage bags, plus hand soap, body wash, a couple of skin-care products and…Ugh, it’s all a boring, boring blur.”

Truth is, my own tastes are fairly plebeian this year. In fact, I have only two things I really want to get:

Butter. It’s $2.29 per pound, limit five, at Fred Meyer. That’s noticeably cheaper even than Costco, and since DF and I are all about the holiday peanut brittle and sea-salt caramels, I plan to limit out on this greasy goodness.

Bedclothes. Sheets are on sale but I’m not sure I’ll get them; will depend on how they feel. I’m more interested in the micro-plush blanket sale, also at Fred Meyer. Right now we’re sleeping under a mass of loosely connected blanket molecules; it’s a machine-crocheted number that’s so old DF can’t remember its exact age. Still warm, but the crocheted holes are turning into gaps in spots so I want to get one of those blankets, which are limited to stock on hand.

Speaking of which: I may or may not go there at 5 a.m. Friday. Yes. On purpose, for a handful of reasons:

 

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Always getting ready.

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It was 20 degrees this morning. About time, too: This has been a weirdly warm fall, with temperatures in the low 50s as recently as the past weekend. Not that I like shivering when I get up, mind you, but it seems appropriate to the season.

Yet while putting the yard to bed today DF harvested the last of the green and red leaf lettuce. Planted right next to the house, it escaped the freeze. We ate some of the leaves on our suppertime hamburgers.

 

“The last of the outdoor harvest,” he noted. “Eating lettuce from the yard on October 16…Most years you think you’re lucky to be eating it on September 16.”

As I said: weirdly warm. Yet I felt a pang even as I snapped the crisp lettuce ribs between my teeth. Delicious – and the last. We’ll be blessed if we eat fresh salad again in June.

 

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‘The secrets of super savers,’ revealed.

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Think coupons aren’t worth it? Not if you’re doing them right – and it doesn’t have to eat up hours of your life. A new book from the authors of the Living On The Cheap website shows why.

“The Ultimate Guide to Coupons: How to Save More Money in Less Time and Get The Best Deals” shares what authors Teresa Mears and Laura Daily call the “secrets of super savers.”

Specifically, “the smart way to use coupons, investing just minutes to save dollars.” They’ve produced a book that stays true to the LOTC mission: to help people live their best lives without breaking the bank.

 

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Coupon ethics.

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A couple of young women in Williston, North Dakota were recently busted for fraud after running a coupon scam in the Albertson’s supermarket where they both worked.

They managed to get at least $21,000 in “overage,” or money owed to them for having coupons that were worth more than the on-sale product (in this case, Tide detergent).

These chumps give couponing a bad name.

Worse, when people indulge in fraudulent behavior it winds up costing all of us.

So tempting to think, “Giant Corporation makes billions a year – it’ll never be noticed.” Don’t think that way, unless you’d also be fine with taking money out of a store’s cash register when the clerk’s back was turned. Coupon fraud steals from the retailers (which may not be reimbursed for fake Qs) and from the manufacturers (if they pay out unwittingly).

The money that retailers and maunfacturers lose translates to price increases for consumers. Everybody loses, except the cheaters – and they might, too, if they get caught.

For those who are new to the Q, I’m offering a coupon ethics primer on how to do it right – and also how not to mess it up for everyone else.

 

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