“The Richest Man in Babylon”- Cure #5

This is the fifth article in a series of 7. I don’t normally write about the finance books that I read, but George S. Clason’s “The Richest Man in Babylon” has some really sound financial principles that I want to pass along. It’s a tiny little book, only 140 pages and since it’s older you should be able to pick it up at your library or on Paperback swap if you want to read it yourself.

“The Richest Man in Babylon” is the story of Arkad, a man who started out as a simple peasant and has now become extremely wealthy. From his castle the king of Babylon sees the poor in his country continue to suffer as they mismanage their resources. He asks Arkad to teach the citizens the secrets to achieving financial security.

The lessons Arkad teaches them he calls the “Seven Cures for a Lean Purse”. While they are not revolutionary, their simplicity makes them very valuable information.

Cure #5: Make of Thy Dwelling a Profitable Investment (A Frugal Chick’s Translation: Don’t Have More House than You Can Handle)

This is one point where Arkad and I have a small difference of opinion. Arkad’s advice is to quit paying rent and start paying a mortgage. Then pay your mortgage off as quickly as possible.

For a large percentage of the population, I agree with this whole heartedly. When I was ready to move out of my parent’s house I asked my father to go apartment hunting with me. He told me he wouldn’t go look at apartments but he would go with me if I would consider buying instead of renting. I bought the first place we looked at. Years later, I still live in that little condo and it’s the best decision I ever made. And it has increased in value, giving me a nice nest egg if I ever need to move.

However, I live in a navy area where the average stay is about 3 years. Some homeowners can lose money by staying in a house only three years. Also there are many cities in this country where being a homeowner is only for the extremely wealthy. In that case, renting is ideal. Plus the additional costs of being a homeowner (insurance, maintenance, taxes etc) do not always make it the most economical situation.

I do agree with Arkad on one point though- be realistic about your housing. If your house or apartment is too big, why not consider downsizing to something more reasonable?

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Free Right Guard Deoderant at Target

Check out all the details here, on Deal Seeking Mom!

Remember if you don’t need it, your local homeless shelter or other non-profits in the area could certainly use it!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Free Sample of Tide w/ Febreze

Click here to sign up for a free sample of Tide with Febreze Freshness, plus a $1 coupon!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Free Hallmark Kids Card

I have seen several commercials for these and they look really cute! Now through March 14th you can stop into your local Hallmark store and pick up a free card from the kids collection, while supplies last. They have nine different designs to pick from and you don’t have to purchase anything else. You can preview them all here.

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


My Panera Member Card

Panera now has a Rewards Card! Make sure you pick up a card next time you go to Panera and then register it here!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Organic Coupons

I get asked all the time about how to buy organic groceries cheaply. Here are some great websites where you can either print or request organic coupons:

Mambo Sprouts
Delicious Living Magazine
Organic Valley
Organic Deals Blog
Whole Foods Market
Health E-Savers
Stonyfield

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Target Portrait Studio Coupons

I had no idea Targets even had Portrait Studios in them. But they have some great coupons, including a free 8 X 10. Take careful note of these coupons though- they are only good certain days of the week.

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Target: Great Deal on Scrubbing Bubbles

Target has several scenarios this week for getting great deals on Scrubbing Bubbles! Check out all the info from Tara on Deal Seeking Mom!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


New Printable Coupons

Coupons.com has some great new printable coupons including:

$.75 off Dole Blend, Distinctively Dole Salad or Complete Salad Kit

Save $.55 on one Land O Lakes Fresh Buttery Taste Spread

Save $.75 on six Dannon Light and Fit 6 oz. cups

Save $.75 on Breyers Yo Crunch

Save $.75 on one box of Multi Grain Cheerios

There are many, many more. Check them all out here!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.


Beyond Bodi Heat Sample

If you have a sore back, neck or shoulders these Bodi Heat disposable heating pads can be a life saver. Click here for a free sample!

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It is important to note that this blog accepts forms of cash advertising, sponsorships, paid insertions, or other forms of compensation. The compensation received will never influence the content, topics or posts made in this blog. All opinions stated in this blog belong to its author and no one else. I will only endorse products, companies, and services that I have found worthy of my time and opinion. A Frugal Chick is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.