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Saving

Put Your Savings in Hyperdrive, Part 4: The Expensive Coffee-Related Drink Factor

by Luke Landes

I’m on a quest to determine a number of financial moves that will accelerate savings beyond the typical snail’s pace. I’ve written so far about opening a high-yield account, keeping your change creatively, and automatic your savings. These are all basic concepts that can be applied in interesting ways with a little bit of attention. […]

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Put Your Savings in Hyperdrive, Part 3: Automate Your Savings

by Luke Landes

If you’ve ever run from one point to another, you’re probably aware that there is a limit to your speed. With “analog” equipment like the bones, muscles, joints and tendons in your legs and feet, there are physical limitations that prevent you from going too fast. Don’t worry. Thanks to recent inventions, it’s quite easy […]

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Put Your Savings in Hyperdrive, Part 2: Keep Your Change

by Luke Landes

Whether you’re trying to establish an emergency fund or putting money away to take your dream vacation, you can reach your goal faster by putting your savings in hyperdrive. Unfortunately, scientists have not yet perfected time travel. When they do, saving for retirement might only entail traveling back to the 18th century to deposit $1,000 […]

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Put Your Savings in Hyperdrive, Part 1: Open a High-Yield Account

by Luke Landes

Hyperdrive, also known as warp speed or a number of other terms in science fiction, refers to traveling faster than light. While theoretically impossible for objects due to the special theory of relativity, moving at this incredible pace is possible for your money. While you have a savings account earning continuous interest, you are becoming […]

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Grabbing the Last of the 5.65 APY CDs

by Sasha

Now that the Federal Reserve Board lowered the interest rate, it looks like we’re seeing the last of the 5.3 percent APY savings accounts, which appear to be a dying breed. I personally expect even these to disappear shortly; after all, why offer rates in the 5s when other banks are touting rates in the 4s […]

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Reader Question: What to Do After an Emergency?

by Luke Landes

Here is a question from a reader: I’d be interested on a post about what to do after you’ve dipped into your emergency fund considerably. How quick should you replenish it? What are the best ways to replenish it? Is it worth backing off on funding things like Roth IRA’s to build back your emergency […]

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Guest Post: Ditch the Car and Save a Bundle

by Luke Landes

Ryan Waggoner is an Associate Product Manager with CNET Networks, working primarily on GameSpot. He writes about entrepreneurship, real estate investment, and technology at ryanwaggoner.com. In this guest post, Ryan talks about his experience without a car in San Francisco. My wife and I moved to San Francisco from Colorado about 10 months ago. We […]

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Guest Post: Cutting Down the Cost of Razor Blades

by Luke Landes

This is a guest post from Matthew Paulson. Matthew writes about money on his blog, Getting Green. While I save money on shaving by using water rather than shaving cream or gel, Matthew has another idea. I noticed that my razor was getting dull the other day, so I did what everyone does and went […]

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Guest Post: Quality Clothes for Less than a Buck

by Luke Landes

Sharon Harvey Rosenberg is a columnist for the Miami Herald. She writes about about saving money and the art of being frugal in her column as well as on her blog, The Frugal Duchess. In this guest post, Sharon writes about making the best choices in clothing through the concept of cost-per-wear. It’s a cute […]

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Forget About the Latte Factor

by Luke Landes

See also: Put Your Savings Into Hyperdrive, Part 4: The Expensive Coffee-Related Drink Factor. I’m sure a number of regular Consumerism Commentary readers have heard about “The Latte Factor®,” the idea (trademarked by David Bach) that cutting back on a cup of gourmet coffee each day will result in wealth in the long term. My […]

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