DISQUS

Consumerism Commentary: Extreme Savers Greg and Tara: We Have Some Things in Common

  • samerwriter · 3 years ago
    I have to say -- I prefer this series to the Millionaires series. I really dislike the term "millionaire" because it's loaded, arbitrary, and breeds class envy.

    But saving is something nearly everyone can do.
  • moneysmartlife · 3 years ago
    It's great the media is giving these frugal people some coverage. I have an idea for a TV Show called "The Biggest Saver", I won't go into it here but you can read about it:
    http://www.moneysmartlife.com/2006/10/26/the-bi...
  • finance girl · 3 years ago
    Yay, good for them! They sound like they are really grounded and have their priorities straight. I especially like the fact that she is a stay at home wife and sees managing the money and home as an actual job, that's very cool!

    Good for CNNMoney focusing more on examples of how people live more frugally. That's way more inspiring than the millionaire in the making series they had.
  • Jon · 3 years ago
    It is good that they have saved so much money, but they are not extreme savers. I don't buy clothes new, I almost always buy used. They bought a new Corolla, when most PF advice says to buy used. Why isn't she working? They could possibly double their income and it doesn't even say they have kids. Tracking finances is not a full time job. I do it in my spare time.
  • S/100/30 · 3 years ago
    "It works out better in terms of money because she's here working the numbers and managing the money and we don’t have to spend on other things like another car and gas," Greg said.

    That's a pretty absurd claim, unless they don't actually live in Charlottesville.
  • mapgirl · 3 years ago
    Fascinating. They have no kids and it looks like they have no plans to have any.

    I'm surprised that Tara doesn't work. Marketing studies? Sounds like she fills out surveys all day. Even a morning shift as a barista would add a lot to their annual income.

    Buying a new car is just fine. Honestly, after all my car expenses this year, I'd be happier just selling the thing and getting a new one that's headache free.
  • Mrs L · 3 years ago
    We all have a 'tragic flaw'. I can't seem to give up my 1-2 cans of soda a day. But I mitigate it by buying it from the store instead of the machine at work.
  • Dus10 · 3 years ago
    Mrs. L,

    Maybe you should buy 2-liter bottles instead, and make sure you still limit yourself to about the same amount of soda a day. You will probably be able to double your savings, again.
  • Terry Piatt · 3 years ago
    What the hey? Extreme savers? I earn minimum wage. I buy my clothes at Goodwill and Wal*Mart. I get my soda (pop) at the c-store where I work because employees get fountain drinks free. How do I get on one of these shows?