I signed up for The Scrooge Strategy from Ramit Sethi of I Will Teach You To Be Rich back in 2009 to save some money. I had gone through his Save $1,000 in 30 Day Challenge on his site and it was a huge help – I was able to save around $500 and cut our recurring bills by $200/month. I figured that his paid subscription course would help me achieve bigger savings than the small subscription.
Happily, I was right and I saved enough money to reach my goals with the course.
I will say upfront that the Scrooge Strategy is about big wins from a bit of effort. Nothing is impossibly hard, but you’re expected to put some thought or take some action on each tip. If you’re looking for easy stuff, then this course is not for you. The course is NOT cutting back on lattes or saving pennies every day – that’s not Sethi’s style or focus.
Instead if you’re looking to save a good amount of money for a relatively small amount of work (like getting on the phone with your cable company or sitting down to plan the next big milestones of your life), then the Scrooge Strategy will help you save big. What’s even better is that Ramit includes actual scripts and templates that you can use.
Finding Value in the Scrooge Strategy
Some of the tips didn’t apply to me or I already had applied the principles in my life. Do does that mean that the program has no value? Definitely not. There is a lot of information that you can use and they provide a lot of value.
Here are some of his posts in the subscription that really helped me with my finances:
- 7 tips to save money eating out at restaurants
- Making a big-ticket purchase
- Cut your cable costs and get them to pay YOU
- Call sheet: Unearthing perks with 2 phone calls
- The Two-Headed Savings Approach: Focused saving
Thoughts on Scrooge Strategy
The price has gone up from when I signed up for it a couple of years ago, but there is a free 7 day quick-start so you can decide if this course can specifically help you with slashing your monthly bills. I welcome any feedback from people who’ve completed the course. What tips helped you the most with your expenses? How much did you save with the Scrooge Strategy?