Festival of Frugality #201 – Life Stages & Home Ownership Lesson Edition

By Mike

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:

How to open an online store

Alternative Income From Internet

My own Budget Spreadsheet

You Need a Budget Review

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!

condoThe Condo:

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:

Craig Ford presents How to Avoid the Restaurant to Save Money posted at Money Help For Christians.

Mr Credit Card presents Why I Collect Miles posted at Ask Mr Credit Card.

Peter presents How To Get The Best Deal When Signing Up For Cable Or Satellite TV posted at Bible Money Matters.

J.D. Roth presents Pay Yourself First posted at Get Rich Slowly.

MoneyNing presents Help Your Children Visualize Money Mangement with the Four Jars Approach posted at Money Ning.

townhouseThe Townhouse:

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.

Kris presents A Beginner’s Guide to Beans, Plus 42 Bean Recipes posted at Cheap Healthy Good.

Paul Williams presents Do It Yourself: Why Your Time Is Not Worth As Much As You Think posted at Provident Planning.

Make it from Scratch presents Homemade Herb Blends posted at Make It From Scratch.

Baker presents 92 Quotes About Debt That’ll Make You Think, Laugh, & Tweet! posted at Man Vs. Debt.

Northern Cheapskate presents Flexible Spending Accounts Help You Save posted at Northern Cheapskate.

Jeff Rose presents Dave Ramsey’s Baby Steps Explained posted at Jeff Rose.

The Family CEO presents Another Way to Make Money with Mr. Rebates posted at The Family CEO.

FMF presents Help a Reader: Asking for a Discount posted at Free Money Finance.

bungalowThe Bungalow:

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.

Joe B presents Take that Call posted at TheCreditToolBox.com.

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.

The Debtress presents Seasonal Spending Habits posted at – The Debtress Blog –.

MLR presents Budgeting Worksheet for Teens posted at My Life ROI, Getting the Best Return On Life.

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 house2 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!

freefrombroke presents Make Extra Money Cleaning Homes posted at Free From Broke.

Madison presents 10 Surprising Things You Can Turn Into Cash posted at My Dollar Plan.

Cecil Dellison presents Do Consumers Need to Worry about Credit Card Processing posted at Clear Choice Credit Cards.

FIRE Finance presents Top 5 Freebie Websites! posted at FIRE Finance.

Tom @ Canadian Finance Blog presents How Much Does Raising A Child Cost? | The Canadian Finance Blog posted at The Canadian Finance Blog.

Banker Saver presents Money Saving Strategies During Hard Times posted at Banker Saver.

Bucksome presents Did the Ice Cream Shrink? posted at Buck$ome Boomer’s Journey to Retirement.

Kyle presents Frugal Neighborhood Food and Fun posted at Suburban Dollar.

The Smarter Wallet presents Buy Electronics On Discount At These Shopping Sites posted at The Smarter Wallet.

big house_05The 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.

Ben presents Furnance Repair Bill posted at Furnance Repair Bill.

Kristia presents Four Money Saving Swap Ideas for the Winter and Holidays posted at Family Balance Sheet.

Elle presents Emergency Kit For Your Car posted at Couple Money.

Miss M presents Pet First Aid posted at M is for Money.

Patrick @ Military Money presents 2009 Veterans Day Discounts posted at Military Finance Network.

Studenomist presents Payday Loan Marketing Tactics posted at Studenomics.

Ray @ Financial Highway presents Gold Investment posted at Financial Highway.

DR presents Blockbuster Review – Online and Brick and Mortar Style posted at The Dough Roller.

mansionThe 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!

foreclosureDavid presents Credit Card Offers for Pet Lovers posted at Credit Card Offers IQ.

Wojciech Kulicki presents Eat Well, Lose Weight, and Save Some Money posted at Fiscal Fizzle.

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.

Andy presents Frugality and Location posted at Tight Fisted Miser.

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!

Author: Mike.

Image source: compujeramey, ohad, corydalus, reno tahoe, respres

31 Responses (including trackbacks) to “Festival of Frugality #201 – Life Stages & Home Ownership Lesson Edition”

  1. Studenomist Says:

    Cool theme. Thanks for hosting and for mentioning me!

  2. Patrick Says:

    Thanks for hosting! :)

  3. Craig Ford Says:

    Thanks so much for hosting and the great theme. I appreciate the inclusion.

  4. The Everyday Minimalist Says:

    Thank you for including my post!! And thank you for hosting :)

  5. Tom @ Canadian Finance Blog Says:

    Thanks for hosting Mike!

  6. Bucksome Boomer Says:

    Thank you for hosting and including me in the 2 story cottage group. Loved the theme and pictures!

  7. Tyler Says:

    Jolly good time! I’m quite happy in the bungalow! Thanks for hosting Mike. I’m a new fan of the pay yourself first method to saving and enjoyed the read from GRS.

  8. Peter Says:

    Thanks for hosting, and for including me!

  9. FFB Says:

    Thanks for the work you put into hosting!

  10. scheng1 Says:

    Thanks for putting up my little blog in that nice bungalow.

  11. Larry Says:

    doing my daily blog reading i remember one that said many of the millionaires aren’t in the lexus or the range rover but the ford and toyota. they get rich cause they spend wisely and don’t overdo it. if you don’t need a big house why would you work til you bleed to afford the payment? and trust me, nobody NEEDS a mansion.

  12. EarnGiveSave Says:

    Thanks for the great roundup — what an excellent collection of posts!

  13. David Wilson Says:

    Thanks for the post, great information. People forget that making small changes can make a huge difference in their overall financial status.

  14. Settlement Quotes Says:

    It takes a lot for a young individual to compile enough savings in order to purchase a home. With the credit markets requiring 20% down, it takes years and years of savings in order to obtain the 20-40k for a down payment on a modest condo.

    It’s always nice to have parents that are willing to chip in to help with this but it rarely happens.

  15. Margie Desso Says:

    Wow, awesome blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your web site is fantastic, let alone the content!

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