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Everyday Cheapskate: From Chuck Roast to 'Prime Rib' in 3 Hours Flat

Consumer / Everyday Cheapskate /

Shortly after I wrote a column on the specific steps to prepare chuck roast (a relatively cheap cut of beef) so that it turns out like prime rib, I got an email from faithful reader Mary B. We went back and forth a bit as she prepared this for guests. I thought you would enjoy the feedback.

But first, here's a quick refresher on how to do this:...Read more

Everyday Cheapskate: Surprising Chlorine Bleach Uses Beyond Laundry

Consumer / Everyday Cheapskate /

That bottle of liquid chlorine bleach sitting in your laundry room has all sorts of uses that have nothing to do with laundry. It can help keep your flowers looking fresh, purify water in emergencies and even lend a hand when you're cleaning up after a disaster.

DETER MOSQUITOES

While bleach may not be the first thing that comes to mind when ...Read more

Everyday Cheapskate: Problems, Mistakes and Mysteries -- and How to Solve Them

Consumer / Everyday Cheapskate /

Laundry challenges, it seems, come in every size, shape, and intensity. Rather than thinking there is no solution for that stain, shrunken item or another laundry disaster, consider the ways you can recover and renew situations gone bad.

SHRUNKEN

Don't be too quick to toss out that favorite sweater that just got shrunk in the hot wash or went ...Read more

Everyday Cheapskate: In Investing, No Risk Means No Reward

Consumer / Everyday Cheapskate /

Dear Cheapskate: This may be the ultimate in stupid questions but it's been plaguing me for a while. Is there any value in converting my existing 401(k) into cash without removing the funds from my 401(k)? Do they even allow that? I hate losing all that lovely money as things dip and swirl. I would continue to contribute at my existing rate, 12%...Read more

Everyday Cheapskate: Clever Readers Share Their Best Time- and Money-Saving Tips

Consumer / Everyday Cheapskate /

My email inbox, much like yours, I'm sure, is often brimming with spam, ads and all kinds of other delete-worthy messages. But I dare not do a big global delete to empty it out because I would miss all your super fun, amazingly helpful and otherwise downright fun tips and tricks. Today, I'm sharing.

I enjoy baking, but don't like measuring ...Read more

Everyday Cheapskate: Simple Tips to Persuade Your Car Keep Going for 200,000 Miles or Longer

Consumer / Everyday Cheapskate /

With new and used cars still painfully expensive, it seems that Americans are holding on to their vehicles longer. The average age of a passenger vehicle on the road has just hit a record 12.5 years. And no wonder now that the average monthly car payment for new vehicles hit $725 in the first quarter of 2023. Suddenly, for many, taking on that ...Read more

Everyday Cheapskate: My Favorite Kitchen Money Savers

Consumer / Everyday Cheapskate /

I'm crazy about gadgets, everything from quirky can openers to smartphones. Hand me a Swiss Army knife and I'm in heaven -- the more blades and utensils the better.

Today I want to tell you about four gadgets for the kitchen that I consider wise investments -- money savers!

All are inexpensive enough to pay for themselves in a short period of ...Read more

Everyday Cheapskate: How to Make Groceries Last Even Longer

Consumer / Everyday Cheapskate /

A recent column on the proper storage for fresh fruits and vegetables generated a lot of great reader feedback -- plus dozens of new tips and tricks to make all grocery items last longer. I love this stuff so much, I must admit to being slightly compulsive -- gathering, testing and assessing techniques. Here are a few of my new favorites:

...Read more

Everyday Cheapskate: How to Make Brown-Bagging Better Than Buying Lunch

Consumer / Everyday Cheapskate /

I know people who try to convince themselves they can buy lunch every day for less than they'd spend if they brought a bagged lunch to work. That kind of flawed thinking could well be the reason those same people complain that they do not make enough money to save any of it. Eating lunch out day after day is expensive. Here, let me do the math: ...Read more

Everyday Cheapskate: Handling an Inheritance Well and Dealing with the IRS Both Require a Game Plan

Consumer / Everyday Cheapskate /

While not always easy to think about, an inheritance is a part of the financial picture for many baby boomers. That was just one of the topics that popped up in my inbox this past week.

Dear Mary: Before reading your book "Debt-Proof Living," I believed we were doing just fine with our money. Recently, my husband's father died and we received a...Read more

Everyday Cheapskate: What Kids Need to Know About Giving

Consumer / Everyday Cheapskate /

If you are committed to teaching your kids how the world operates, and you should be, teach them about money.

You can use financial principles to teach everything from math problems to social issues. That's because money is about values, relationships, choices and self-worth.

And while teaching your kids important values to guide their lives ...Read more

Everyday Cheapskate: Get Your Kids on the Road to Financial Independence

Consumer / Everyday Cheapskate /

Have teens? Are they always hitting you up for money? The next time they come sweetly beseeching you for cash, place this book, "The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of," in their hands. These financially savvy authors, creators of the award-winning site Fool, came up with this ...Read more

Everyday Cheapskate: Readers Offer More Creative Ways to Save Time and Money

Consumer / Everyday Cheapskate /

Sometimes, the best way to stretch a buck is to look in the most unlikely places. I'm a huge fan of the fresh produce at 99 Cents Only Stores. And milk, as compared to the price at my supermarket, is a bargain at the Walgreens across the street. But who knew we could decorate our homes from places like Dollar General? Our first reader discovered...Read more

Everyday Cheapskate: Semi-Homemade: How to Combine Quick-Service Foods with Home Cooking

Consumer / Everyday Cheapskate /

On those super busy days when you just don't have time to cook at home, but eating out is too expensive, "semi-homemade" -- combining quick-service food with home cooking -- is a great way to merge the best of both worlds.

PIZZA

By purchasing premade pizza dough along with my own sauce and toppings, I can have fantastic pizza on the table in ...Read more

Everyday Cheapskate: Danger Signs You're Headed Into the Debt Trap

Consumer / Everyday Cheapskate /

Debt. It's a four-letter word and certainly not ideal under any circumstances. Being debt-free is always better than being in debt. But not all debt is created equal. Generally, debt comes in two flavors: secured and unsecured.

Secured debts are collateralized. That means the borrower pledges something of value to the lender that acts like a ...Read more

Everyday Cheapskate: Don't Break the Rules of Self-Employment, Removing Rust and More

Consumer / Everyday Cheapskate /

Dear Cheapskate: My husband and I have really gotten ourselves in deep this time. At the time, we thought buying a franchise using our personal credit cards was a good idea. The manager we hired was inept and untrustworthy. Now we are in credit-card debt to the tune of $250,000. We are trying to crawl out from under this problem and are out of ...Read more

Everyday Cheapskate: How to Ditch the Plastic Bottled Water

Consumer / Everyday Cheapskate /

The trouble with plastic bottled water, experts say, is not the water. It's the plastic bottles the water comes in that are potentially harmful to our health and environment.

The folks at the Mayo Clinic say we need to be concerned about BPA, often used in containers that store food and beverages such as water bottles. Exposure to BPA, they say...Read more

Everyday Cheapskate: Channel Your Inner Second Grader

Consumer / Everyday Cheapskate /

So, how is that investing for the future coming along? What, you're confused? I understand. Most of us are total novices. Unfortunately, what do we do? We let others make our decisions for us, thinking they are so much smarter because they are "professionals" or TV commentators.

Recently, I was drawn to a book -- mostly because our grandson Sam...Read more

Everyday Cheapskate: What Do You Need to Be Happy?

Consumer / Everyday Cheapskate /

When a University of Michigan survey asked people what they believe would improve their quality of life and make them happy, the answer given most often was "more money."

In the book "The Day America Told the Truth," James Patterson and Peter Kim asked, "If you could change one thing about your life what would it be?" The No. 1 response, at 64 ...Read more

Everyday Cheapskate: 15 Minutes to Financial Freedom

Consumer / Everyday Cheapskate /

The email contained a single-word subject: "Help!" The sender, I'll call her "Emily," had been asked by her community group leader to give a 15-minute presentation on how to achieve financial freedom. She was honored to have been asked, excited to do it, but also panicked by the thought. She asked if I would help.

My first thought was that I ...Read more

 

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BC Gary Markstein David Horsey Doonesbury Curtis Rick McKee