Comments on: Nickel & Dime Tips For Young People

By: Gabriel Gadfly

Gabriel Gadfly — Sat, 23 May 2009 16:37:28 +0000

These are really good points, and ones I’m being forced to see the merit of.

By: Festival of Frugality - 162nd Edition

Festival of Frugality - 162nd Edition — Tue, 27 Jan 2009 12:01:50 +0000

[...] Nickel & Dime Tips For Young People posted at Studenomics. [...]

By: Grant Baldwin

Grant Baldwin — Mon, 26 Jan 2009 17:54:16 +0000

I like that you stated in the beginning that you won’t become a millionaire by nickle and diming yourself all through life. You bank account will not be dramatically impacted by getting gas for $2.05 instead of across the street for $2.07.

It’s more of a mindset. Changing to the mindset of “do I really need this and if I do need this, what is the most cost-effective way to get it?”

Very practical post!

By: Studenomist

Studenomist — Tue, 20 Jan 2009 01:45:26 +0000

Thank you for the positive feedback guys. Now it’s time to practice what I preach by being strict about eating breakfast every single morning at home (this includes the coffee).

By: Pinny Cohen

Pinny Cohen — Tue, 20 Jan 2009 01:24:59 +0000

By eating breakfast at home, you’ll likely improve your health too, so that’s a great list to accomplish several positive goals.

By: A Grocery Savings System and Cold Weather Talk

A Grocery Savings System and Cold Weather Talk — Mon, 19 Jan 2009 02:52:51 +0000

[...] puts together a great list of nickel and dime tips for young [...]

By: Weekly Round Up- Guest Post Week | Good Financial Cents

Weekly Round Up- Guest Post Week | Good Financial Cents — Sun, 18 Jan 2009 20:25:11 +0000

[...] Are you a younger person on a budget. Studenomics offers Nickle and Dime Tips for Younger People. [...]

By: sam

sam — Sun, 18 Jan 2009 18:55:35 +0000

It’s ‘debit’ card not ‘debt’ card.

By: Mr. Imperfect

Mr. Imperfect — Sun, 18 Jan 2009 17:34:15 +0000

Great advice. Eating meals at home is one way that most people can save a bundle. As you stated, be sure to do something with the savings, not just spend on something else.

For example, if you can save $4 a day (not difficult for anyone) and you invest in an account that averages 8% APY (the stock market consistently averages 12% over 20 years) for 20 years: you will have invested $28,800-your account will be worth $70682.45.

With the compounding interest factor NOW is the time to get started. Trust me, I am in my thirties and I am having to play “catch up.” Tell everyone one you see to start in their teens!

By: Studenomist

Studenomist — Sun, 18 Jan 2009 03:45:31 +0000

@vik & Maureen It’s good to hear that eating breakfast is saving you some decent money. I try hard to eat breakfast at home always but there are those mornings where you are in such a rush that you have to run right out the door. One little trick that helps me is by preparing my breakfast and lunch the night before. This way when I wake up early for school I already have my meals prepared.

@Dee Please keep me update with your progress. I want to see how much money you are able to save in the change jar every month.