Some traits may be common to people who tend to feel broke often or have a less-than-healthy relationship with saving, budgeting and money in general, according to a recent post on FreeFromBroke.com.

Here’s a look at a list of symptoms and what it might mean if you have many (or all) of them. (Note that these are just symptoms of a problem—if your finances are in top shape and you meet some of these criteria, don’t sweat.)

• Lots of TV: Owning flat screen TVs, premium cable packages, the newest DVR equipment, elaborate sounds systems, TVs in every room or the like often signals that a person is spending a lot of money on in-home entertainment. If this is a unique expense, it may not be a big deal, but how much use can the average person get out of hundreds of channels and multiple televisions?
• Frequent meals out: This one’s a no-brainer. Eating in restaurants or getting carryout is far more expensive than preparing your own food. If you’re guilty of picking up your dinner or lunch regularly, try saving your receipts for a week—those six- or seven-dollar meals add up pretty fast.
• New gadgets: This can mean cell phones, computers, GPS navigators, MP3 players, cars—anything somewhat costly that gets frequent makeovers from its manufacturer. Often, the older, less-sexy versions of these devices last well beyond the release date of the latest update, and people who go for the latest model often discard functional gadgets.
• No budget: People who don’t have an idea of their monthly budget or expenses tend to have less control over their finances than those who make conscious, regular assessments of their financial situation. Keeping yourself in the dark about the money coming in and going out of your wallet can be a great setup for a financial meltdown down the road.

The irony here is that many of these traits seem to be those of wealthy people—and maybe that’s part of the problem. Credit cards have made it easy for us to trick ourselves into an illusion of wealth while actually depleting our personal net worth at an alarming rate.

If you recognize some of these symptoms in yourself, take some time to assess whether or not you might benefit from a serious reassessment of your finances—or else you may find yourself on the brink of bankruptcy.

Is Gleaning Right for You?

Looking for ways to trim your costs gets difficult after a certain point: once you’ve cut out the extras like fancy television channels and deluxe cell phone plans, you may think you’ve gone as far as you can go without freezing or starving.

But you may have an alternative to dropping considerable sums at the grocery checkout each week. Enter gleaning.

What is Gleaning?

If you’ve read the biblical book of Ruth, you may have heard of gleaning. In ancient times, it involved following harvesters in the field and picking up any produce that fell to the ground. By gleaning fields, many poor people were able to eat.

Today, though, gleaning works a little differently. According to one writer, gleaning in 2010 works more like this:

• You find a gleaning group: A little online research should help you figure out whether a gleaning group already exists in your area. If not, you may be able to print a notice in a local paper or online to see if anyone is interested in starting one.
• You pay a slight fee: Some groups may have a nominal fee (the writer mentioned above pays $30 per year) to help the group with costs associated with gleaning.
• You pitch in: Every day, one member of the group is responsible for visiting the grocers and bakers that agreed to participate in the gleaning. The group member picks up (for free) any food that can no longer be sold because of freshness requirements but is still perfectly edible.
• You divvy up: Once the food is collected, the members of the cooperative each take a share. In this way, everyone gets some food every day.

The Positives

The positives here are pretty obvious:

• You get free food.
• You prevent food from going to waste.
• You get to know members of your community.
• You get a chance to try things you may never have bought.

The Negatives

But gleaning isn’t right for everyone. Consider the drawbacks:

• You can’t choose what you get, so if you have people in your household with allergies or restrictive diets, it may not work.
• You may get lots of perishables, like fruits and vegetables. This isn’t a problem if you can, preserve or can share with neighbors, but could otherwise lead to waste.
• You need to commit some time. The writer noted above estimates that the endeavor consumes about three to five hours of time every week.

Done right, gleaning can be one opportunity for you to cut back on costs and make some spare room in your budget. Have you tried gleaning? What are your thoughts on the process? Leave a comment below and let me know!

Whether the Great Recession has hit you like a bus or a tap on the shoulder, you’re probably feeling some ramifications from the nation’s largest economic downturn in decades. The good news is that people are getting creative about saving money and you can benefit from some of these excellent tips to cut expenses around the house.

1. Extend your printer’s ink. It’s no secret that ink is expensive (it costs more than human blood, according to this chart). Luckily, you can make it last longer: first download Ecofont to cut down on your ink usage by 25 percenmt. Then, when you “run out” of ink, take out the cartridge and loosen the drops in there with a hairdryer. This could add up to three months to your cartridge’s life.
2. Stretch your sponges. At a certain point, kitchen sponges get gross, but you can keep them chugging by wetting them and zapping them in the microwave for a minute or two to sterilize them. When they’ve really had it, shift them to bathroom or car-wash duty.
3. Take care of your vacuum cleaner. Save money by treating it like a vehicle (that is, maintaining it well). Check to make sure hair hasn’t clogged it (and remove any that has), replace the belt if necessary (check your manual) and clean the filter when you remove dirt buildup. Just soak it in soapy water, rinse it and let it air dry.
4. Cut your water usage. offers tips for how to seriously reduce your water usage (and thus lower your bills and your environmental impact). Check out the post for tips on showerheads, leaky faucets, thirsty lawns and more.
5. Keep your mattress young. Vacuum your mattress regularly to eliminate bacteria and mites, and flip it if you start to feel it sagging. If it’s getting really loose, consider putting some wooden planks on the frame to offer extra support.
6. Save on your shave. Be sure to dry your razor blades after using them, which prevents rusting and keeps your blades sharp longer.
7. Prolong your laptop battery’s life. Besides turning off and unplugging your computer at night (and other times you aren’t using it), you can save on electricity and keep your computer battery happy by running only programs you need, dimming the screen light, muting sounds when you’re not using them, and choosing sleep mode when you’ll be away for any significant period of time.

CNNMoney.com recently published an article that lists 20 financial web sites it considers tops. The sites vary in their focus, but each offers useful tools for people interested in better understanding and managing their finances.

Here’s an overview of the ground covered in the sites.

• Retirement savings: How much should you save for retirement? Are you on the right track? What will your future expenses look like? Luckily, there are online tools to help you answer these difficult questions and an online write-up to help you navigate the site these tools are found.
• Stocks and investing: From questions of portfolio diversity to risk levels to choosing what stocks to buy, the web has options for you. No matter where you are in your investing career, you can likely find helpful strategies and pointers at some of the sites mentioned.
• Spending and credit: Looking to trim your costs? Trying to figure out which credit cards you should keep and which ones you could get rid of? Look no further than the CNN list. The sites provided cover a variety of topics, including understanding your credit card (and the laws regulating it) and how to shift your saving/spending balance.
• Questions of home ownership: Whether you’re looking for a neighborhood that suits you, trying to determine whether you should hire a contractor or otherwise streamline your homeownership, there are sites to help you along. These can save you legwork, as many of them have information from around the country.
• Your health: Not sure who to see for a particular ailment? Looking for the best nearby hospital for a specific procedure? The money-management sites have tools for you.
• Employment: In this economy, many of us are either looking for work, looking for extra work or trying to stay sharp so our employers don’t let us go. Luckily, you don’t need to bend over backwards to find ways to keep on your toes: online resources can help you find work or better prepare yourself for it.
• Major purchases: Whether you’re in the market for a car, a stereo or airfare, there are web sites devoted to helping you find the best price.
• Minor purchases: Looking for coupons and discounts for less significant, everyday purchases? You’re in luck. Online directories also have you covered on this front.
• Charitable giving: Ever worried that the money you mean to give to a good cause will end up in the hands of a rascally scammer? Worry no more. A site for navigating charities rounds out the list of online resources to help you spend and save smarter.

Bottom line: Check out the list and see what online tools you can start using today!

If you’re struggling with debt, or considering filing for bankruptcy, you’ve probably become aware of the ways you spend and save money. As it turns out, one of the best ways to make sure you stay afloat financially may be to pretend like you’re living in the past.

This post from GetRichSlowly.org tells the story that’s fairly common: a woman got a new job and a raise, thought she’d finally end her debt and… didn’t.

The reason? She succumbed to “lifestyle inflation.” Luckily, she fought back and offers some tips for other people looking to hang on to their hard-earned cash.

Ignore Your Raises

While it may be tempting to automatically adapt to the new, more luxurious lifestyle a raise allows you, bumping up your living standards right away can be a bad move financially. This doesn’t mean you should eat Ramen noodles your whole life, but consider living one pay raise behind:

• Use extra income to pay down debt
• Sock new money into a savings account (or a retirement plan)
• Put the money toward a specific future purchase (like a new car)

However you save your money, this strategy will keep you from spending your money as soon as you make it.

Focus on the Right Goals

In the post mentioned above, the writer notes that she accepted a higher-paying job but found herself missing her old one, which allowed her more creativity. Make sure you don’t get trapped into a higher-paying gig or a more expensive lifestyle simply because you can.

• Write down what you want. Having a concrete goal in mind for saving money (like paying off your credit cards, buying a house, etc.) will make the process easier and let you know whether you’re staying on track.
• Use money as a tool. Money alone isn’t much good to you—it’s what you can do with money that matters. So try to treat it like you would a hammer: only take it out when you really need it.
• Take time to reevaluate. If you feel out of control or too restricted financially, sit down and reevaluate your goals. Being willing to change the way you do things is key for adapting your finances.

Additional Resources

Savings Fitness: A Guide to Your Money and Your Financial Future (PDF)

Back in the early days of the foreclosure crisis, consumer advocates were warning about foreclosure rescue scams, which caused thousands of distressed homeowners to part with their money and, often, their last chance of staying in their homes.

Now, according to WalletPop.com, unscrupulous individuals are scamming struggling homeowners out of their money in a slightly different way.

Loan Modification Scams

Apparently, “forensic audits” are at the heart of this scam. Here’s how they work:

• You pay a mortgage loan auditor. Scammers of all sorts are notorious for upfront fees, and the loan modification scammers are apparently no different. If someone asks for fees before performing a service, be very wary.
• The auditor examines your loan for fraud. Theoretically, a loan auditor’s job is to review your mortgage documents and discover any illegal activity on the part of the lender.
• The auditor goes to your lender. Once evidence of fraud comes to light, an honest auditor can take it to the lender and use it as a bargaining chip to get you better terms on your loan.

But, naturally, the dishonest auditors out there won’t follow through. They may fail to thoroughly examine your loan papers, fail to actually visit and negotiate with your lender or simply walk away with your money.

Protect Yourself, Your Money and Your Home

If you are in danger of losing your home to foreclosure, you’ve probably considered applying for the government’s Home Affordable Modification Program (HAMP). To see if you qualify, start by taking this survey at the government’s HAMP website.

Once you know whether you can reasonably expect a modification from your bank, consider researching loan auditors in your area (honest ones may in fact be able to help you find fraud in your loan – and they won’t charge you fees until they’ve actually helped you).

To verify a company’s credibility, check out their standing with your state’s Better Business Bureau (BBB)

Other Options

If a loan modification isn’t in the cards based on your loan, you may be able to stave off foreclosure by filing for Chapter 13 bankruptcy. A bankruptcy lawyer in your area may be able to help you determine whether this is the best path for you.

Saving money on food by cooking at home is fairly simple in theory: instead of going out, you eat at home. But in practice, night after night of cooking (especially if you’re making the same meals again and again) can lead to a snap decision to mix things up by eating out—and that can throw an unexpected wrench in the budget.

Make Double (or Triple) Portions

When you cook a basic, versatile ingredient (like chicken), make more than you or your family can eat in one night. That way, you have the basic ingredient for several more meals. Many people already do this on Thanksgiving with turkey soup or sandwiches the next day, and it’s fairly easy to apply it to regular life. Encore meals you might consider:

• Soups and stews: These are particularly great because you can toss them on the stove and leave them alone until you’re ready to eat.
• Anything wrapped: Dumplings, sandwiches, fajitas, ravioli—there’s a reason many cultures have wrapped up staples. They’re a great way to revamp leftovers.
• Anything with sauce: Never underestimate the power of spices and sauces to transform a basic food. A simple sauce and new sides can turn leftovers into a whole new meal.
• Anything from the freezer: Okay, this one’s a bit different. Consider freezing an extra portion of a main meal and pulling it out in a week or so, when it doesn’t remind you of yesterday’s meal.

Make a Tradition

Rather than treating leftovers like something you have to eat, make a game out of them. This is particularly useful if you have kids. Reserve one night a week to clean out the fridge and let everyone eat exactly what she wants—as long as it’s a leftover.

This may lead to some pretty creative meals.

Take Turns

If your children are old enough to participate in food planning or preparation, make them part of the process. Even if they’re too young to wield knives, they may be able to help put grapes into a fruit salad, say, or develop a menu.

For example, you might outline the food groups you’d like to include in each meal, then have them pick their favorites. Again, you could end up with some pretty interesting combinations—but at least you won’t be bored!

Sometimes, the reality of personal finances can be tense and stressful. Sometimes, a quirky and helpful way of looking at and understanding personal finance goals can be motivation to see them through, as this post from GetRichSlowly.org shows. Basically, the writer argues, you can do a lot for your overall mental and financial health by recognizing and understanding your financial vices.

What is a Financial Vice?

Financial vices are those things that we spend money on that are very important to us—but may seem silly to other people. One person’s vice might be new books, while another’s might be collectible action figures.

The point is, vices are something you’re willing to splurge on. And, if you’re able to, you should. After all, adjusting our spending habits so that you have money for the things that really make you happy is the whole point of developing a budget.

Identifying Financial Vices

Keep in mind, though, that you can’t just claim every item you want is a vice and should be purchased. True vices should meet these criteria:

• Lasting: Is this something that is important to you every (or almost every) day? For example, a gym membership you use often and feel the benefits of constantly may qualify, but a daily donut may not (no matter how good it smells).
• Consistent with goals: Will this expense allow you to stay on track with your larger financial and life goals? For example, that gym membership may keep you better focused and motivated at work, while the donut purchase might just drain your food budget.
• Contained: Financial vices shouldn’t end up taking over your life or ruin your budget, so be wary of expenses that have an addictive quality (gambling, drugs/alcohol, elaborate video games, etc.).
• Acceptable to all involved parties: If you’re living the single life, this one doesn’t really apply to you, but if you’re in a relationship or family, it’s important. If you cannot convince a partner that your ,q>vice is worthwhile, you may need to reevaluate how much you need and want it in your life.

So take a look at your current spending habits and see if you can identify your true financial vices. Then you can commit yourself to making room in your spending plan for them.

If you’re the parent of a teenager (or any child you want to understand money matters), you probably know that you should teach them about money matters. But knowing you should discuss money and knowing what specific issues to hit are two different things.

Here’s a look at some suggestions (adapted in part from this post at WiseBread.com) of what topics to be sure you address when talking finance with your offspring.

• Debit vs. credit: If your child is interested in getting a credit card for the convenience factor (particularly if she likes shopping online), let her know that a debit card would serve her needs. The difference is that a debit card deducts money from a checking account, while a credit card is essentially a loan you must pay back at a later date – with interest!
• Get a job: In fact, when the Credit CARD Act of 2009 takes effect this month, those under 21 must prove that they have a job (and/or get a parent’s or guardian’s signature) in order to qualify for a card. Plus, having a job will mean your child has a way to pay for purchases he wants to make.
• Remove temptation: Call 1-888-5-OPTOUT, which allows you to eliminate your name from mailing lists for “free” credit card offers. The “out of sight, out of mind” rule may be the best defense against aggressive vendors.
• Limit yourself: Suggest your child to limit herself to two cards total – and, if she chooses to open a credit card account, make sure she understands the importance of paying her balance in full each month.
• Stay informed: Show your child how to check his credit report by visiting www.annualcreditreport.com, and encourage him to check it annually and review it for errors.

Unveil the Beast

Credit cards can be scary, but usually only after they’ve gotten you into serious debt. Help your child avoid getting there by explaining all the fees and costs associated with having a credit card.

• Annual fee: Yearly cost of holding a card
• Finance charge: Also known as the “interest rate,” it’s assessed on any part of your bill you don’t pay in a given month
• Late payment fee: Charged when you fall behind and could be accompanied by an increase to the interest rate
• Over limit fee: Charged every time you make a transaction that sends you over your limit for that card
• Cash advance fee: Really, the interest charged to take out this kind of loan

Additional Resources

Credit CARD Act of 2009 (PDF)

The Internet can be a great tool for saving money on major (and minor) purchases, but actually finding the best bargains can be time consuming and frustrating. Here (adapted in part from this article) are some tips for making the most of your time and money.

Similar Terms

Rather than searching several times using slightly different words (say, to find a coupon or a discount for a major purchase you want to make), try some of these search engine manipulation techniques:

• The ~ symbol: Like its use in mathematics, think of the ~ key as meaning approximately equals. Inserting this symbol before a word allows you to look for it and words with similar meanings. So typing camera ~ discount would give you results for discounts, coupons, promotions, deals, etc.
• The word OR: Typing OR between related terms you’re interested in is another way to search for specific (but slightly broadened) results. Looking for a good price on a camera would look like this: camera (discount OR coupon OR bargain).
• The * symbol: Known as the wildcard, this helps people who aren’t sure exactly what they want to buy. For example, if you wanted a digital camera but weren’t sure what brand or model. By typing something like * camera discount, you could explore discounts for a variety of models.

Find Exactly What You Want

If your search results are bringing up too many inaccurate results, you can search for specific terms, or exclude certain terms from the results.

• Put in in quotes: Use double quotes to search for a specific term of phrase, such as discount digital camera.
• Use the + sign: Likewise, putting a plus sign directly in front of a word will only include results with that word. So, if you’re only searching for discount Nikon cameras, you can search discount camera +Nikon.
• Exclude terms with the - sign: Understandably, the minus sign is the opposite of the plus sign, and it will return results that do not include the specified word. So, if you know you don’t want a Nikon, you can search discount camera -Nikon.

Find Relevant and Recent Results

Few things are more frustrating than spending time tracking down a great offer that has already expired. Luckily, Google provides tools that can help ensure the results you get are up to date. Here’s how to do it:

• Begin your search. Type in a search term. When you get to the results page, you should see a show options button toward the top of the page.
• Set time preferences. Click show options and scroll down until you see date and time parameters. Limit your search so that you know the results you’re getting are fresh.

Search a Specific Site

While many Internet users simply go to their favorite web sites to hunt for money-saving deals, sticking with Google may increase your odds of finding a stellar bargain. Because of the tools mentioned above (and others, found in advanced search options), you can do a much more detailed search using Google than you often can in a specific site.

To make this happen, simply type the command site:sitename.com.

Advanced Product Search

Now, using all of these functions in a single search may take a lot of patience. Luckily, Google has a shopping search that can help you find the products you want at the price you want. Their Advance Product Search lets you set a minimum and maximum price, and include and exclude specific terms.

Happy money (and time) savings!