The popular media are chock full of ideas on how consumers can save money this year. The frugalists who write personal finance blogs are particularly good at identifying clever and unique ways of saving money on almost anything you can think of.
Unfortunately, I have been reading articles in my local paper and elsewhere that some people are saving money in ways that are shortsighted and financially risky. That got me thinking that maybe someone should point out those mistakes and perhaps prevent others from doing the same things. So I appointed myself – Mr. ToughMoneyLove – to do that job.