This afternoon (3:00pm EST) I’ll be participating in a Tweetchat hosted by the folks at WiseBread (tweetchat details). The theme for today’s chat is Frugal Halloween Party Ideas. I hear there may be even be a treat for a lucky participant, but you have to RSVP to be in the running for prizes.
The Frugal Roundup
Avoid Financial Paralysis by Analysis. I can’t tell you how many times I’ve been in this situation – especially after getting out of debt and having a few more options with the disposable cash we freed up. And unfortunately, finances is not an area of life where you can make progress by simply making a move…somewhere…anywhere. More times than not it’s better to stay put, which only adds to the anxiety.
The Benefits of a Mortgage Sinking Fund. Saw this one in the latest edition of the Carnival of Personal Finance and found the idea interesting. Essentially, the plan is to save towards mortgage payoff in a dedicated account rather than making extra principal payments. When the balances meet, one check and your mortgage-debt free. I recognize the math probably doesn’t work in favor of saving, but I also like the idea of a giant emergency fund in this economy.
Reader Story: Saving for Retirement with More than Mutual Funds. I take a very similar approach, opting to use some of our money to invest in things outside of mutual funds in a formal retirement plan. I like the flexibility to tap the money before traditional retirement age.
Is Financial Faith a Good Plan? On the one hand, Neal is correct – you can’t plan for everything and unexpected events can certainly derail even the best plans. However, I agree that’s no excuse not to plan in the first place. Plan for the worst; hope (and pray) for the best.
New Walmart Price Match: What They Will and Won’t Match. This is a helpful post as I’ve heard a lot of buzz about the new price match policy at Walmart, but didn’t fully understand the rules. I don’t shop at Walmart much, but I suppose if they had something I really needed and it was out of stock at a better prices at a competitor, I might visit the store to purchase.