Coin by Coin: Helping You Work Toward Financial Freedom One Step at a Time

The envelope system is a method recommended my many financial professionals (including Dave Ramsey) for making a quick and easy budget. The above video is a short, straight-forward introduction to using this system.

What if you could feed yourself for a year with only $845? How much money could you save? A company called Shelf Reliance will let you do just that.
With your $845 purchase, they’ll deliver to your door, for free, #10 cans (3.44 liter, 110 US fluid ounces) of the following:
Two cans of spaghetti, [...]

It might be boring, but one of the best, most consistent ‘investments’ is buying in bulk.
Take a big trip to Costco and go on a $1,000 spending spree and buy everything in bulk that you will need over the next year. Compared to what it would cost to buy those items individually, you will [...]

Would you pay $1,000 for something that you could get — of equal quality — for $1? If you use disposable batteries, that’s exactly what you’re doing.
The electricity you get from a disposable battery, according to Eric Giler, is thousands of times more expensive per kilowatt-hour than the electricity you get from the wall. [...]

Tags: batteries

Not all dollars are created equal.
According to research performed by Priya Raghubir, people are more likely to spend small-value bills than large-value bills. She terms the brain’s preference to hold onto bigger bills the “Denomination Effect”
Dr Raghubir tested this effect by paying visitors to an Omaha gas station $5 to fill in a fake [...]

On Point’s most recent show covered the increase of American’s debt and decline of thriftiness since the start of the nation.  From the show’s description:
Once upon a time, America was famous for its thrift — for local banks and credit unions and savers’ clubs that encouraged everyone – even the little guy and gal – [...]