Welcome frugal personal finance students! Thanks for stopping by.
For those of you that are unfamiliar with the Festival, it’s purpose is to spotlight excellent ideas that are floating around in the blogosphere to help readers squeeze a few extra pennies, nickels, dimes, or quarters out of every dollar. And, in this age, I believe that we all could use some good advice on how to do this!
This edition of the Festival will focus on some interesting facts and quotes (highlighted in red text) on taking the money you save by being frugal (using the great tips from the posts below) and saving it using passive/index mutual fund strategies.
“A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money” – Warren Buffett
Without further a due, let’s get on with the Festival!
Shown below are the top 3 picks out of this week’s submissions. Congrats to the winning article from Neal Frankle at Wealth Pilgrim!
Leaders of the Pack – Top 3 Editor Picks
# 1 – Neal Frankle presents IRS Tax Debt Relief ? Do It Yourself posted at Wealth Pilgrim.
# 2 – Mrs. Accountability presents We Saved $318 on Auto Insurance! posted at Out of Debt Again.
“Every time that I do it [write a new version of his book, A Random Walk Down Wall Street], I find it’s always two thirds of active [money] managers who are beaten by a simple index that does nothing but buys and holds all the stocks.” – Burton Malkiel
Best of the Rest (listed in order of submission to the Festival)
Ryan presents Why and How to Buy Time posted at Obsessed Analytic.
John presents Save Money by Opting for a Lesser Cell Phone Plan posted at Passive Family Income.
“Individual stock brokers pay almost no attention to the returns their clients earn. It is rare to come across one who routinely calculates his clients’ annual returns” – William Bernstein, Author of the Intelligent Asset Allocator
Lauren presents Home Economics: Beer Brewing posted at Richly Reasonable.
FreeFromBroke presents Shop For Groceries Easy With Peapod posted at
Free From Broke.
“Past performance [of mutual funds] is not a predictor of future performance. In 1998, fewer than 20% of all equity funds outperformed the S&P500 Index. That figured drops to 11% over the previous 10 years and to just 4% over the previous 15 years.” – Larry Swedroe, Author of What Wall Street Doesn’t Want You to Know
Ctreit presents Save money and energy posted at Money Obedience.
Nicki presents Frugal Fall Activities For Your Family posted at Domestic Cents.
Well, that wraps up this week’s posts! They sure were some great ones and very interesting to read through!
