How Much Does Your Community Benefit From You Spending $100

I recently came across a staggering article around what is deemed today as Marketplace Fairness.    The 2012 International Council Of Shopping Centers had a promotional infographic regarding the following question . . . How Much Does Your Community Benefit From You Spending $100?    What they found is that a local retailer was able to retain about $68 within your community.    If A National Retailer moved in they were able to retain $43 within your community.   However, the most silent killer of all was the online retailer who retained $0 within your community.    In fact, the article went on to demonstrate that for every $1 million dollars of sales, a local retailer was able to create 4 jobs whereas an online retailer was only able to create 1 additional job.  It’s likely that one job isn’t in your community. Sometimes a bargain isn’t always what it seems.    Since online merchants aren’t currently required to charge sales tax, local retailers can be ...

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3 Simple Ways To Live The Frugal Life

These past few years we have seen a high level of unemployment, countless numbers of foreclosures, and many American citizens hitting hard times.  While many people are learning how to make ends meet, there can often be a struggle with how to have fun and live frugally at the same time.   Since many people define frugally different, I think about the term frugality by using phrases such as ‘economical’, ‘avoiding waste’, and ‘careful and diligent in the use of resources’.   Being frugal is about making good business decisions rather than the popular image of being cheap.   If you are thinking about entering the frugal life, here are three ways to begin thinking the right way about smart money decisions. Don’t be the first adopter of something ‘new’ – One really easy way to blow a bunch of money is have to be the first to own a new product when it hits the market place.    A good example of this ...

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