Mrs. Obama bargain shops at Target, Warren Buffet still resides in his modest home, and Hilary Swank clips coupons – it’s lifestyles of the rich and frugal! Many of our nation’s richest got to where they are today by being fiscally conservative. And today they and Yahoo.com, bring to you their favorite cost-cutting, money saving tips.
David Cheriton Google investor, cuts his own hair, saves his leftovers, and drives a 25 year-old Volkswagen. Others of this nation’s wealthiest suggest shopping for big-ticket clothing items every 5 years like oil tycoon T. Boone Pickens, who also says setting a budget before entering a store and not bringing a penny more works, because it has to. Bethenny Frankel likes bargain hunting with sites like Ebay and shopping only during sales. Even the successful, Mitt Romney boasts his shopping the ‘blue light specials’ at Kmart for things like golf clubs and supplies. These activities, while small in effort, can add up to hundreds, even thousands in savings per year. And that chunk of change is next year’s holiday gift bill or spring break trip!
Wishing you successful saving.
Sarah Foss, SmartyPig’s Media Mad Woman