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The Frugalist Expense Reduction Guide

The Frugalist Expense Reduction Guide 15

Spending less than you earn is a core component of good money management, and a vital part of any wealth building strategy. This guide is intended to provide readers with ideas, how-to’s, and resources on frugal living and expense reduction. It will explore aspects of frugality and provides practical ideas on how to save money … Read more

Self-Employment, Estimated Tax, and Safe Harbor

Unlike my regular job, where my employer withhold a portion of my salary to pay various taxes — i.e., Federal, State, City, Social Security, and Medicare — there’s no tax withholding for my self-employment income.  To avoid any penalty, I have to pay self-employment tax and make estimated tax payments four times a year.  However, … Read more

Maslow’s Hierarchy of Needs and Frugality

Maslow's Hierarchy of Needs and Frugality 21

Maslow’s Hierarchy Of Needs is a theory in psychology conceived by Abraham Maslow in 1943.   The theory first appeared in his paper A Theory of Human Motivation. Maslow’s Hierarchy Of Needs is typically represented as a pyramid consisting of five levels — i.e., physiological, safety, love/belonging, esteem, self-actualization as the one shown below. Maslow’s … Read more

Craigslist Scammer, A Close Call

Craigslist Scammer, A Close Call 31

Since I write about selling unused stuff on Craigslist and eBay, I just want to share my recent experience with you. Basically, you have to be careful with who you are dealing with when you are selling in these online markets. There are a lot of scammers in these marketplaces and you don’t want to … Read more