26 May
Is that frugal tactic worth it? Here’s how to tell
Why should you think about turning the thermostat down or up a notch to save money if you’re grossing $65,000 a year?
A good point, you might think, but, according to Canadian blogger Mike at Four Pillars, you’re not framing the question correctly.
A more valid approach is: How do the savings compare with your disposable income — the money you have left after taxes, mortgage or rent, debt payments and all the other bills you have to pay?
This is one of the best suggestions we’ve encountered to figure out if activities in the name of frugality — or additional income — have real value to you, whether it’s making your own lunch or laundry detergent. Let’s see how Mike’s method can be applied to your situation.
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