I am now providing a weekly article to U.S. News & World Report for their website’s “My Money” Blog, an online-only feature. So far, I’ve offered two articles. Here are the two articles I’ve written for this new blog as well as some other articles I’ve enjoyed recently.
10 Unusual Ways to Save Money. This article encourages people, perhaps those who believe they have already maximized their savings opportunities, to consider some additional actions that could take their savings to the next level. These are not typical savings tips, and the article seemed to stir much controversy.
Not every piece of advice is applicable to everyone, but I see why some people simply reacted with anger. I’ll address some of these concerns in a future article.
When to Go Generic — and When to Pay More. In some cases, store brand or generic items are indistinguishable from their more expensive, brand-name counterparts. There are several circumstances where saving money is not worthwhile, when the quality sacrifice is too great and when quality is important.
20 Things You Should Never Buy Used. This is a contribution to the US News My Money Blog by Wise Bread. This article also spurred a bit of controversy, though I only disagree with one of the items on the list: digital SLR camera lenses. I would consider buying used lenses if it meant I could afford a level of quality I wouldn’t be able to otherwise. It’s important to be able to evaluate any used lens to ensure it works properly and produces the quality image you expect.
Do Costs Have a Doppler Effect? If you’ve ever been passed on the road by an emergency vehicle with its sirens blaring, you might be aware of the Doppler effect. Sound waves compress as the source and the listener approach each other or one approaches the other, and the sound waves expand as the distance between the source and the listener increase. This results in a change of pitch. Read this article to understand how Abigail applies the concept to personal finance.