I read an interesting story over the weekend about an Australian lottery winner who decided to hang on to his ticket for six months before cashing in so he would be “psychologically ready.” He also wanted his four kids to continue living, and working, without expecting a handout from his winnings.
How many people would be able to wait six months to cash in on a couple million dollars? It’s an interesting idea, but I could help but think he’d be better off to take that money and park it in a few $100,000 CDs earning interest! Still, at least he didn’t burn through it in six months as others have been known to do.
The Frugal Roundup
Green Living: Ways to Recycle and Buy Used. In just the past month we have purchased a sofa and love seat used, gave away our old one to a family friend in need of furniture. We have tried to adopt a strategy of only acquiring something if we are willing to give up something else. Helps keep clutter down. (@The Digerati Life)
Kitchen Compost Bucket – DIY, Easy, and Frugal. As a fellow “do-it-yourselfer,” I was very curious to learn how to make your own kitchen kitchen compost bucket for very little money. (@Debt Free Adventure)
Should You Buy Disability Insurance. Not a particularly fun topic, but one that hits close to home for me. My mom became totally and permanently disabled after a stroke at 53 years young. She is now completely dependent on income from her disability policy – a financial lifesaver. (@Generation X Finance)
How to Save for Multiple Goals. We actually save in separate accounts for each of our goals, but since I’m looking to consolidate and streamline, I think this single-account, spreadsheet tracking model. (@My Dollar Plan)
Best of the Rest
- 7 Productivity Tips to Get More Done
- How You Can Become Armed and Dangerous
- 7 Life-Changing Vacations to Help You Regroup and Rethink
- What to Do With the Mail Mess?
- Save Money Buying Overstock or Returned Items
- Make Money Without Another “Job”
- The Professional Hitman
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