Festival of Frugality #201 – Life Stages & Home Ownership Lesson Edition
Festival of Frugality – Life Stages & Home Ownership Lesson Edition
Welcome to the #201 Festival of Frugality!
If you are new to Gather Little By Little, I can suggest a few of our great posts:
This edition is about life stages and home ownership. When we are young, most dream of owning our first home. It may be small, it may be old, but once it is ours, it’s the most beautiful place on earth to live!
Condominiums are perhaps the most frugal way to become an owner. While it doesn’t cost much more than an apartment on a monthly basis, you can build equity while paying down your mortgage and the condo should grow in value. After a few years, you may be interested in leaving the condo, take the equity from it to buy a townhouse and rent out your condo! Here are the best Frugal Tips of this carnival:
Peter presents How To Get The Best Deal When Signing Up For Cable Or Satellite TV posted at Bible Money Matters.
MoneyNing presents Help Your Children Visualize Money Mangement with the Four Jars Approach posted at Money Ning.
Half condo, half house, it is the perfect size for a young family that wanted a backyard but didn’t want to spend 50% of their monthly budget on a mortgage payment. This is definitely another frugal way to become an owner.
Paul Williams presents Do It Yourself: Why Your Time Is Not Worth As Much As You Think posted at Provident Planning.
Baker presents 92 Quotes About Debt That’ll Make You Think, Laugh, & Tweet! posted at Man Vs. Debt.
Usually a bit older than new constructions, bungalows are perfect when you need space and you want to raise a family. You now have a great backyard to play with the children and enough room for a pool if you like. While the bungalow provides a good standard of comfort, it is normally less expensive than the 2 storey cottage.
Tyler presents I Am Responsible for the Corporate World’s Waste, or A Lesson in Micro Economics posted at Frugally Green.
Canadian CC presents How a Good Credit Score Can Make You Save Money on Credit Cards posted at Canadian CC.
Sarah Eliza presents Wallet-Friendly Ways to Make a Difference TODAY, aka “Broke” and “Charitable” can still go hand-in-hand! ;P posted at Devastate Boredom.
scheng1 presents How healthy is your personal finance: How to save money part one posted at How healthy is your personal finance.
Cecil Dellison presents Tougher Credit Card Situation Helping Pawn Shops | Clearchoicecreditcards posted at Clear Choice Credit Cards.
2 Storey Cottage:
We are now getting into bigger and nicer stages of homes and as expected, the payments become much higher too! If you don’t have a 2 income household, you may have a hard time going on vacation and maintaining this type of house, Doctors and stock brokers notwithstanding. While this option provides you with more comfort, this is definitely not the most frugal choice of property!
Cecil Dellison presents Do Consumers Need to Worry about Credit Card Processing posted at Clear Choice Credit Cards.
Tom @ Canadian Finance Blog presents How Much Does Raising A Child Cost? | The Canadian Finance Blog posted at The Canadian Finance Blog.
The Smarter Wallet presents Buy Electronics On Discount At These Shopping Sites posted at The Smarter Wallet.
The Luxury Home:
Hey congrats! Everyone looks at your house when they walk through the neighbourhood. However, there is a very important question you must ask yourself: can you afford your desires?
SVB presents MyPoints, MemoLink, MySurvey Online Shopping Sites For Point Rewards posted at The Digerati Life.
Kristia presents Four Money Saving Swap Ideas for the Winter and Holidays posted at Family Balance Sheet.
DR presents Blockbuster Review – Online and Brick and Mortar Style posted at The Dough Roller.
The American Dream:
Based on luxury or tax saving purposes (you heard from your accountant that your mortgage interest payments were tax deductible, didn’t you?), you now have a huge house. You can almost call it a mansion. But there is just one problem; there is a foreclosure sign in front of it!
The Everyday Minimalist presents How to deal with and stop bad gifts posted at The Everyday Minimalist.
Matthew Paulson presents Cash for Appliances is Coming – What Consumers Need to Know posted at American Consumer News.
Sometimes, you are better off living happily in a simple home and keep it than impressing everyone with a huge mansion albeit only for a few months! I hope you have enjoyed the carnival!