Released: June 22, 2008

Stretching your money in tough economy

Source: Eileen Ambrose, Baltimore Sun (Free Registration)

To save a buck, would you separate two-ply toilet paper to create two rolls out of one? Would you duct-tape holes in your winter coat? Scavenge in trash bins for unspoiled food to eat?

“There are stores and restaurants that do throw out perfectly good food,” says J.D. Roth, who blogs about personal finance at getrichslowly.org. “But it’s too extreme for me.”

It seems everyone these days is trying to find ways to pinch pennies, although, granted, the examples above could be labeled extreme personal finance. Most of us are content with walking to work, raising the deductibles on our insurance and making our own coffee and skipping Starbucks. Still, with the economy unlikely to rebound any time soon, you might have exhausted your money- saving ideas.

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