Well, the presidential election is finally over. But the work is just beginning — as we saw by the quick 1,000 point drop on Wall Street in the first two days with president-elect Obama, nothing is going to change overnight.
An election/economy post — 4 Tips for Shopping at Thrift Stores (Or How Not to Spend Like Sarah Palin) — was included in this week's Carnival of Personal Finance, hosted by The Sun's Financial Diary.
Check out a few of the great posts from the carnival:
Manage Money - Outsource Your Money Handling Tasks - Minding My Own Business
In today’s world of the Internet, e-commerce and e-banking there exists another viable option. You can outsource the tedious tasks. I don’t mean hire an employee to pay your bills, but rather take advantage of modern day conveniences to automate routine Money Handler tasks. Doing so will enable you to spend your valuable time being a Money Leader and a Money Manger instead.
How Much Should You Pay to Save Time? - Political Calculations
Jim, as we recently noted in the latest edition of OMM, saved a lot of out-of-pocket money by butchering his own chicken, but wondered if it was really worth his time to do all the extra work, rather than just buying the various chicken parts already prepared. Cathryn wondered the same thing about buying pre-peeled onions, pre-manufactured lunches for children, and baking a pie from scratch.
We've set up the tool to answer Jim's question about whether or not it's worth his extra time to do his own chicken butchery, but you're more than welcome to change the input values according to the make-vs-buy scenario you may be more interested in.
10 Ways to Become Financially Independent - Happiness is Better
There are many ways to becoming financially independent. I don’t think most people become financially independent through any single method. I’m sure it’s an iterative process that usually takes many years, at least 10 (I threw that number out there), to complete.