Weekly Roundup – Patient Lottery Winner Edition

{ Posted on Sep 03 2009 by admin }
Categories : Frugal Dad

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

This Is Why You Are In Debt. Ever wondered how and why you are deep in debt? Chances are you have engaged in at least a few of the behaviors described in this post. (@Marc and Angel)

Money and Dating: Finding Someone With Similar Financial Goals. I recently read the results of a ground-breaking survey that revealed tightwads are attracted to free-spenders, marry them, fight about money, and divorce. Duh! (@Million Dollar Journey)

101 Restaurants Where Kids Eat Free. Nothing beats a cheap meal, and free is in even better! Here’s a great resource for those planning a night out with the kids. (@Mr. Free Stuff)

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)

How You Can Use 529-Plan Money. Did you know thanks to the stimulus plan you can now use 529 money to buy your college student a computer, and pay for internet access the next couple years. Other little-known uses included in this one. (@Kiplinger.com)

Best of the Rest

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