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Wednesday, February 18, 2009

Stanford Group Meltdown Lessons and the Price of Tuna

I live in a medium-sized town. So, to hear about a company close to home allegedly bilking billions of dollars out of customers all over the world, -- it's like living in New York next door to the Madoff house. Huh? What happened to the nice people who sponsored the Symphony last week? Confusing. And since I'm not one of the chosen who received 8% gains over the past few years, I get to point fingers and feel a bit smug again. At least one person I know has tried to reclaim their money by running over to the Stanford offices and knocking on the locked door.

The lesson that I see we can all take to the bank here? Save more for retirement, we can't expect 8% gains. Frugal living pays off. The Millionaire Next Door is a plumber, and that's okay because it's an honest living.

Speaking of frugal living, here is a price comparison spreadsheet sample you can use. I had already created one from scratch when I read a blog on GRS outlining this very process. All my friends who laughed at me -- well, just enjoy knowing that you might be getting the best price on Tuna at Walgreens if there is a sale going on. See my "target pricing" table below. The section highlighted is just Tuna. It's an ongoing project! Share if you have scored Tuna for less than .20 per oz...

Target Tuna, Water Packed, Market Pantry per Oz $ 0.200
Wal-Mart Tuna, 5 oz., gv,albacore in water $1.08 per Oz $ 0.216
Wal-greens Tuna, Chicken Sea, 5 oz, Albacore $0.99 per Oz $ 0.198

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