this post was submitted on 13 Oct 2023
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Frugal

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Discuss how to save money.

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What "frugal" tricks have you found to just not be worth it, either in time or money? (lemmy.world)
submitted 2 years ago by [email protected] to c/[email protected]
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I've noticed sometimes that there's some half-baked videos or blogs or whatever that purport this or that frugal trick, but if you look at the time or math, it's not actually frugal for you.

What are some examples of that you've come across? The things that "aren't worth it"?

For me it's couponing. (Although I haven't heard people talk about it recently--has it fallen out of "style", or have businesses caught up to the loopholes folks used to exploit?)

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[–] [email protected] 0 points 2 years ago

$2000 extra a year into a 401k over a lifetime of work is a substantial amount of money when you retire. This 401k calculator estimates it as $150k after 45 years. That sounds high to me but regardless $2k extra a year is a lot when you consider compound interest over decades.