Fab Five: Quick Turnaround Edition

I’m a little late with today’s post because I spent last night visiting my mom in the hospital, and arrived home way past my bedtime!  She continues to make progress, but the trips back and forth are really wearing me down.  I am looking forward to catching up on rest, Frugal Dad, and my inbox, over the weekend.

One nice thing about being at the hospital is I get a little quiet time to browse my feed reader. Here are a few articles I enjoyed over the last couple days.

How to Work from Home With Small Kids.  Useful tips for working from home with kids.  If I am ever fortunate enough to be able to run Frugal Dad full time and work from home, I’ll have to contend with two kids myself.  Well, at least when they aren’t in school.

10 Steps for Escaping the Paycheck to Paycheck Cycle.  I lived the first ten years of my adult life living paycheck to paycheck before I broke the cycle using many of these same steps.

Roth IRA Q&A.  I enjoyed this roundup of questions and answers on the Roth IRA, one of the best retirement investment vehicles out there, in my opinion.  I learn something new every time Madison shares a retirement planning article!

Prospective Home Buyers, This is an Opportunity of a Lifetime – Don’t Screw It UpThis is an excellent article outlining how to safely take advantage of the current real estate cycle.  I say “safely” because the author emphasizes the importance of only buying what you can afford. Sounds like good old-fashioned common sense doesn’t it?  But, it’s an excellent point because people ignoring that advice is what got us here.

Tightwad Tuesday:  Renters Insurance.  I have advocated renting over buying a few times here at Frugal Dad, particularly if you are not in financial shape to buy a home (read article above if in doubt). However, many times renters fail to insure their possessions in the same way homeowners do, and this can be a costly mistake.


  1. If you work at home, you still have to manage your time very wisely as the kids don’t stay in school for as long as a full work day. It still helps to ease the pressure though until summer-time.

    On the 10 Steps for Escaping, I already did this without having to consult Dave Ramsey or read about it on a website. I realized one day that I was actually losing money because I never balanced my checkbook properly. I might as well have flushed it down the toilet as I gained absolutely nothing from the money leaving my wallet for the overdraft fees. I bought Microsoft Money 2004 (at the time, now I run version 2008) and religiously entered receipts into it when I got them. Since then I’ve gone through all the steps as they seemed like the logical thing to do. It still surprises me that so many others must be led to water and have to have someone stand on their head to get them to drink it.

    A definite must on the renter’s insurance. Even if you cannot afford a house, I’m sure you still have stuff that you’ve invested money into and would like to have replaced if it were stolen. I know several people personally that rent and had things stolen from where they live. Two of them had insurance the other didn’t. I think he learned his lesson, but it was a little too late unfortunately. If you think it may be expensive, just get a quote. I’m sure it will surprise you as to how inexpensive it can be.

  2. Good stuff and hope your mother is feeling better!
    I’m assuming you live near your parents? If so, I think that’s great! I’m always trying to convey to people how important it is to live near your family. Being near family actually helps you be frugal!

    Vince Scordo

    http://www.scordo.com/blog/blog – a practical living blog

  3. Renter’s insurance costs about $200/year. I’m not sure if I even own $200 worth of stuff. Just buy less stuff, and you won’t have to buy insurance. You save money on not buying the stuff, not having to pay for space, and finally not having to insure it.

  4. Wonderful solution there Frugal Bachelor. I’ll pass that along to the families that I know. I’ll let them know that they should just get rid of the living room furniture. Get rid of the dining table where they enjoy family meals. Get rid of those beds that they sleep on every night and those closets of clothes they’ve spent years buying from Goodwill, etc. The silverware, dishes and used washer/dryer can go too. Far too excessive. Not to mention the cell phones (they have no land lines) and the computer they use to communicate with the rest of the family go out the door. Oh and I’m sure there’s probably more than $100 worth of food items in the pantry and cabinets, so they should chuck that out too.

    I shudder to think that if more people subscribe to your “live with almost nothing” mentality, we’ll be in this financial crisis for a long time to come. As distasteful as it may seem, the only way to get out of it is for people to spend money that they can afford. Not to sock it all away waiting for things to turn around and getting by with very little.

  5. Hope your mother is feeling better today.

    My grandmother passed away last year from stomach cancer (she fought it for 6 months) and we were able to get through it as a family because everyone lived in close proximity to each other.

    Best of luck.


  6. Love the collection of article, especially the work from home with small children. My full-time job allows me to telecommute two days a week and I have 2 little ones at home myself. My mother-in-law is our nanny but we still had to set up guidelines.

    PS. I hope your mom gets better. Rest up.