Tuesday, September 23, 2008

Frugal Book Party in Miami & 5 Errors to Avoid in a Tough Economy

CNBC features an insightful list from Bankrate.com about 5 traps to avoid in a bearish economy. No. 1 on the list: Using credit to make ends.

"Rather than continue a lifestyle financed by credit cards -- and compounding debt in the process -- consumers should "circle the wagons" by figuring out where they spend their money, Cunningham says.

Just as calorie-counters keep logs of every meal and snack, consumers should keep a meticulous watch on incidental purchases such as meals in restaurants, nights out at the movies, and, of course, gourmet cups of coffee. Think of it as an expense report to yourself. "
-- Source: Bankrate.com on CNBC.com

Here's the link to the full article about common financial mistakes.

The list of common errors includes:
  • #2 devouring long-term savings,
  • #3 skipping financial aid for college,
  • #4 ignoring your investment portfolios or becoming emotional paralyzed by the downturn and
  • #5 cashing out the equity in your home.

    I'll also have more financial and frugal tips tomorrow night at a book signing party. If you're in South Florida, please stop by the event!

    Time: Wednesday, September 24, 2008
    When: 7:30 p.m.
    Location: Books & Books, Bal Harbour Shops
    9700 Collins Avenue
    Bal Harbour, Fl

    "Award-winning journalist Sharon Harvey Rosenberg shares how she lives a life of high style without the stress of high costs or deprivation. In The Frugal Duchess of South Beach (DPL Press, $14.95), she chronicles her often hilarious journey of luxury living for less in one of the most expensive cities in the U.S., while equipping readers with the tools they can use in their own cities." --Source: Books & Books


    Here's how to buy my new book:

@ Amazon.com
@ Barnes & Noble
@ Borders
@ Target.com

1 comment:

shammara said...

hey, i love your tips. glad that you keep up with this blog frequently, it's a great resource to consider new ways of saving. i have a tip i found that i'd like to share: buzzillions customer reviews site that helps you find which products are worth your money and which ones people are saying to avoid. i dont' think people realize how much money gets wasted from buying bad quality or short lasting products. it was pointed out here on shopsmart mag: http://www.shopsmartmag.org/files/Money_saving_web_sites.pdf