Saving habits, frivolous purchases, subscription boxes, identity theft and more.

1. Lessons From My Stepfather

Save or Swim — Mr. SoS’s parents divorced just before he entered fourth grade. His father moved away and he lived with his mother and stepfather. He has kids now and says they will benefit from the money lessons he learned from his stepfather.

For example: “Protect Your Money.”  His stepfather grew up extremely poor. That made him very frugal, but not cheap. He didn’t waste money on unnecessary purchases and invested wisely. The man also helped Mr. SoS’s mother with her retirement investments and, as a result, she retired at 53 years-old. Check out the advice.

2. One Simple Way to Kick-Start Your Money Saving Habits

Half-banked — Desirae understands the frustration people feel when they try cutting their budget even further — it’s frustrating. She says, “I know what it’s like to look at your budget and feel like there’s literally nothing you can cut out to save more money.”

But she found a solution: The 10 percent question. It involves looking at each line item in each category and finding one or two things you can reduce by 10 percent. Desirae provides more details. Read her post and save more money.

3. Beware the Frivolous Purchase Threshold

Keep Thrifty — What is a frivolous purchase threshold? It’s the amount of money you’ll spend without even thinking about it. For example, Chris and his wife almost always spent $100 when they visited Target. Unfortunately, they mostly came home with stuff they didn’t need.

He says, he would spend $20 on something and then tell himself, “at least it didn’t cost $50.” It’s something he brands “self-justification.” Read his post and check out the three tips that help prevent this evil habit.

4. Subscription Boxes Are Not the Reason You’re Still in Debt

Sunburnt Saver — I didn’t realize subscription boxes garnered such scorn from many personal finance bloggers. Melissa disagrees with their premise: that these subscriptions cause debt. Overspending on them might do it — but I’m not getting into that subject, I’ll let her do the talking.

She discusses why people buy subscription boxes and when they might become a problem. I subscribe to Dollar Shave Club but no other boxes, so I don’t have much experience with them. If you do, read this post and let us know your thoughts.

5. Student Loans and Identity Theft: What to Do if Someone Took Out Loans in Your Name

The College Investor — A recent study found that people fear identity theft more than a terrorist attack. Scary stuff. Robert provides “eight tips for protecting your identity” and a list of what actions to take if your identity has been stolen.

For example, apply for a loan through the FAFSA website — and “don’t give your FAFSA PIN to anyone.” If your identity’s been stolen, contact the “U.S Department of Education Office of Inspector General Hotline (1-800-647-8733 – if the loan was a federal one) and fill out the FTC’s report.”

free debt analysis call 855-654-9191

Meet the Author

Brian Bienkowski

Brian Bienkowski


Bienkowski is a contributing writer and is the face of's 'By the Numbers' videos.

Budgeting & Saving

Around the Web

Related Posts

Article last modified on July 10, 2018 Published by, LLC . Mobile users may also access the AMP Version: This Week Around The Web - AMP.