Story telling is a tradition that predates the written language. It provided not only entertainment in an age before television but also a valuable education before formal schooling existed. As far as we have come over thousands of years, stories still fill an important role by allowing us to share our experience with others. Stories are how we relate our interpretation of the world and share the lessons we ourselves have learned. When it comes to finance, these lessons are often costly. So do yourself a favor and read the following stories, each has something to teach.
Editors Picks!
Being frugal is suddenly hip, but there are perils to the lifestyle. In this humorous tale of gift bag envy the author confronts the moment every frugalista dreads – will everyone realize she has brought a re-used bag?
A sweet tale of a lady saving her house from foreclosure, one cake at a time. It’s an unconventional, and seemingly successful, way of dealing with a problem confronting many Americans today.
TV makes it all look so easy. Buy a house, fix it up and flip for a huge profit. But would you buy a place knowing it would require $125k out of pocket? This is a real life Flip this House, not the sanitized and sensationalized TV version. A seasoned flipper breaks down one project house and gives a true accounting of the costs involved.
In this story Ben of Money Smart Life is reflective on his grandfather’s habit of saving and how it is helping his grandmother live comfortably in his absence. We all know that we can’t take it with us, but the money we leave behind can help our loved ones get on with life.
Other Stories of Interest
Other Stories of Interest
Many people dream of becoming a landlord and retiring on easy street with the income stream. But it doesn’t always work that way. This story is really two tales in one, and neither is pretty. After 5 evictions, numerous vacancies and tens of thousands of dollars lost, his advice is to stay away from rentals. The other side of the coin, two partners who can’t agree on money. Hopefully they can learn to work together to solve their debt problem.
The place we choose to live plays a huge role in our personal life story. Baker, with the help of some friends, collects the numbers on the cost of living from around the world. Thailand anyone?
The frugal habits of your parents that embarrass you as a child become the foundation for a frugal life. The Investor looks back at the lessons he learned from his dad. In the past, story telling was a way to pass knowledge from one generation to another.
Do you remember life before ATMs? (Yes I do) Debt Roller looks at the latest cards meant to help teenagers manage their money, or is the motive more sinister? The fact is most have extensive restrictions and unavoidable fees.
These stories are all too common, money and family don’t mix well. Often disagreements over money will damage those relationships irreparably. Despite the many cautionary tales, people still allow family to trump their financial sense.
Did you bail out of the market at March’s lows? Many panicked investors sought safety in cash and bonds, but Dan of Everyday Finance discusses the difference between his long term and short term strategies. The story of the recent market has been – panicking can cost you money. Selling at March’s lows meant locking in those losses. The other lesson – the market is far from certain and just when it looks like the sky is falling, the clouds will suddenly part.
The bible is a classic example of using stories to illustrate a lesson. In this post Jason from Redeeming Riches uses one passage to illustrate his point, that getting out of debt may require drastic action.
Ever been sucked in by the price after rebate, but then forget to send in the forms? You’re not alone, according to statistics less than 50% of people always send theirs in. Retailers know that rebates are a great way to boost sales without losing money.
Sometimes it makes sense to delay a project around the house. Allow the money to grow while you consider your options and decide what really needs to get done.
If you feel like you are in too much debt then you’re not alone. This writer faced $60,000 in debt they didn’t want – including cars and credit cards. This is their advice on how to tackle that debt.
Need a vacation but working on a tight budget? Here is a detailed breakdown of Bucksome’s vacation planning with an eye towards money savings. Shopping deals and changing itinerary for a lower cost alternative are all great ways to save.
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4 comments:
Thanks so much for hosting Miss M!! And thanks for choosing me as an editor's pick!!
Thanks for your time and effort and including me in the carnival!!
Thx for hosting!!! Have a great week over there :)
Thanks for including my article: great roundup!
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