Product Description
One of America’s most respected and renowned financial planners provides 1001 tips to help everyone–from CEOs to homemakers–save money. Learn which corners to cut in various areas of everyday life. Take the revealing self-test and assess where your money is being spent. Then allow the expert to guide you to the most effective and creative ways to save it…. More >>
1001 Ways to Cut Your Expenses
These are just regurgitated obvious hints, most of which are impractical or not even feasable.
Rating: 1 / 5
Generally speaking, some tips here work, some not so much, whilst others are good for a laugh.
The only situation where I found this book can be useful is when you have debt up to your a#s and need to pay it off fast. Then this book will be a good book for you to read. Reason: any money you can put toward debt reduction represents 100% risk free and tax free return on your investment (much like a strip bond). This could include mortgage debt as well.
In the real world this book is less than practical. For example, the book recommends invest your spare cash at a mutual fund. This is where you could get killed if you just blindly throw money at your fund without knowing what you are doing. How would you feel if you cut off the cap of your tooth paste to save a couple of penies, then at the end of a month finds out that you just lost 5% of your net worth in your mutual fund ?? If you are like most people I know, you might say something like this: well, I haven’t lost any money because I have not sold, then a month later, you find out you lost another 3% ?? Say if I tell you we are going into a bear market, do you have the courage to short the market ?? how much are you willing to risk in your investment ?? What about giving to your local charities ?? THESE ARE THE REALITIES, folks, not how many pennies you can saved. Get used to it. The fact is, a skillful investor and / or trader can make the money 10 times more, much more so than the technics presented in this book.
Rating: 1 / 5
This book started off well, but it never delivered. I am NOT going to re-use my trash bags to save money – come on! My tip to save money: Don’t buy this book.
Rating: 1 / 5
I don’t usually spend my time writing reviews, but after purchasing this book from a thrift store, I had to warn others.
I am always looking for books to teach me more ways to be frugal. I thought that with 1001 tips, there may be something for me to use.
Yikes. I couldn’t even read the whole thing. When I read Marry someone rich, and Use your vacuum bags three times, I gave up.
While this may help people who never heard of the term frugal, for others who naturally practice frugality, the book is a waste of time.
Rating: 1 / 5
Tip # 1 is save your money and DO NOT buy this book! One of the ideas is to get a goat for milk!! Don’t you then have to buy grain to feed the goat? Another tip: Don’t bring your children food shopping. Hiring a babysitter is cheaper???
Rating: 1 / 5