Nominations are open for the AARP Purpose Prize, which honors extraordinary individuals who use their life experience to make a better future for all. Learn more.
by Jeanne Lee, AARP The Magazine, September/October 2010 issue
Save Money on Everything. Read
The Five Rules of Frugality
99 More Great Ways to Save. Read
Trent Hamm, author of The Simple Dollar and writer of the popular website thesimpledollar.com, says you can save and stay happy by following his simple rules:
1. Don’t give up the things you love.
Thriftiness should never outweigh happiness. It can lead to happiness, however, by helping you save for the bigger goals in life that you’ve dreamed about.
2. Find inexpensive ways to enjoy what’s most important to you.
You don’t have to own the books you read or the movies you see. There’s plenty of free music on your radio and computer. Public golf courses require no membership.
3. Cut back on anything not crucial to your happiness.
If you’re not defined by the clothes you wear, give thrift shops a shot. Gourmet food may be central to your existence, but you can cook it in low-cost pots and pans.
4. Never go shopping without knowing exactly what you’re getting.
Don’t even enter a store without a plan, or you risk purchasing something you don’t need. And it’s the things you don’t need that sacrifice your dreams.
5. Use the “30-Day Rule” for purchases.
Jot down the item you’re considering on a piece of paper, then give yourself a month to think about it. Use the time to find it at the lowest price—and to ask yourself if you truly want it. If so, go for it.
Adapted with permission of FT Press, an imprint of Pearson.
Please leave your comment below.
You must be logged in to leave a comment.
Get tips and resources to protect yourself from fraud and see the latest scam alerts in your state.
Members save 15% on in-store purchases of frozen yogurt, treats and apparel.
Exclusive program for members from The Hartford.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at