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Here's today's best personal finance, living cheap, and frugal articles on the web. From $6.5 trillion dollars lost in the last 3 years to 5 Dumb Things People Do with Their Money:
Households Lost $6.5 Trillion in the Value of Real Estate
“According to the Fed Flow of Funds, the value of household real estate fell from $23 trillion in 2006 to $16.5 trillion at the end of 2009. That $6.5 trillion loss is more than half the total $11 trillion that vanished in the financial meltdown.” Of course, those same households had a huge paper gain in the year's leading up to that.
Housing Bust Forces Americans to Alter Retirement Plans
One of the things about this ABC report is that it promotes the idea of down-sizing to an affordable home - something we’ve consistently recommended on LiveCheap.com
Five Dumb Things People Do With Money Their Money
This article should be titled “Five humongous mistakes idiots make with their hard earned money.” But it’s from ABC - and they like to tone it down. It’s an excellent read and advice well worth taking. Most people probably have done at least one of these things.
The New Thrift
“She swore she regularly bought $200 worth of groceries with just $50 and a box of coupons. I didn’t believe her until she took me to her car, popped the trunk open and reached into a mass of paper bags to pull out her receipt as evidence.”
That’s a quote from this rather long but very informative and contemplative article on the new attitude towards thrift. It leaves you with a great historical perspective on the evolution of American attitudes towards thrift.
5 Ways to Save While Dining Out
This is a good short article from our friends at Stretcher. Some good tips on getting high end food for cheap.
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