I’m guessing that most readers will already know of this site, but for those who don’t, you might want to consider joining Fatwallet.com before you start shopping for those presents this year. The site offers cash back for a huge range of online stores. (Do it right, and you could “double dip” by getting cash back with a reward-based credit card as well as through Fatwallet).

The only catch is that you have to join up as a member (free) and visit the online store via their link before making your purchase. I’m not a big shopper, but I’ve used them in the past for Orbitz, Expedia, Zappos, and some online sports stores. Your account is credited within about 60-90 days depending on the merchant, and once you’ve accumulated over $10, you can request them to send you a check.

Fatwallet also just introduced something in October called Charity Bucks, where they give you 10% of your earned cash back out of their own pocket and allow you to donate it to one of their listed charities. (Of course, you can also opt to donate your cash back earnings to a charity.) They’re also looking for suggestions for charities to add since it’s a new program.

Finally, Fatwallet has a slew of useful forums, many of which readers here will already have heard about:

1. Free stuff: I had a fun little post a while ago about all the freebies I received from reading this forum. It’s a frugal way to stave off shopping temptations, and many products (especially beauty-related) might make good stocking stuffers if you can get them in time.
2. Finance: This is the home of the famed Treasury Bill thread, plus discussions on the best credit cards, CDs, and a myriad of other personal finance-related items. Just be sure to search for your question before posting there.
3. Other forums: I don’t visit these as often, but some popular ones are hot deals, one-time use coupons, and travel deals. They can all prove very useful for the holiday shopper looking for a bargain (there’s even a thread on taking advantage of Black Friday deals), and the hot deals forum is a favorite haunts of tech geeks looking for ways to stack up deals and rebates to get “free after rebate” or even “paid” to purchase an item, if you’re into that sort of thing.

So, while it’s not really frugal to go on big shopping sprees, if you have to do it for the upcoming holidays, why not do it smartly? Get cash back, find great deals, possibly get some freebies, and maybe even donate to a worthy cause. It’s seldom I find a service that I can recommend, but Fatwallet is one of them (and no, I don’t receive any compensation or benefits from touting Fatwallet), so check ’em out.

I didn’t get a chance to update my T-bills graph last week, so here it is below with this week’s rates included. The big news this week was that the 28-day T-bill auctioned for 5.37% APY this week, making it once again a very competitive option versus other short-term and high-yield savings accounts.

And that’s before taking into account that T-bills are exempt from state income tax. Assuming California residency and a federal tax bracket of 25%, the tax-equivalent yield for an APY of 5.37% would be 6.13%!

As the spread has increased between the 28-day and the 91- and 182-day T-bills, I’ve opted to hold off investing in the 3-month T-bills at Schwab and set my investments at Treasury Direct for the 28-day T-bill to recur monthly. So far, I’ve been very happy with using T-bills as my main cash management strategy.

Welcome to the 48th edition! This week’s submissions were particularly strong, so be sure to check out all the entries below. I made some “Editor’s picks” on posts that I particularly enjoyed and also took the liberty of adding in a few illustrations inspired by some of the posts. (I would have liked to have done more, but I’m headed out-of-town and will be gone for most of today.)

That’s it, folks! Note that if you submitted something to the Festival that wasn’t included, it wasn’t related to frugality, wasn’t recently written, or didn’t have enough original content. Thank you to everyone who participated, and remember to check Festival of Frugality’s homepage for future and past editions! Next week’s Festival will be hosted by a real expert, Dawn at Frugal For Life.

“Americans must have been sadly alienated from the kitchen for pancake mixes to ever have gained a foothold in the market, for these are ridiculously easy to make.”

-Mark Bittman, author of How to Cook Everything

Have you ever noticed how everything we eat tends to come packaged these days? All that inedible extra stuff sure makes things look more appealing, but we end up paying more for it, too. Here are four common foods that are will cost you a lot less to make at home, will probably be healthier, and might even be easier, too!

Pancake mix: I used to be a sucker for gourmet pancake mixes but now know that pancakes are simple to make with ingredients I probably already have in my cupboard. Here’s a simple recipe from the cookbook above:

Makes 4-6 servings

2 cups all-purpose flour
1 T baking powder
1/2 t salt
1 T sugar
1 or 2 eggs (optional)
1 1/2 to 2 C milk
2 T melted and cooled butter (optional) or oil

Mix dry ingredients together, then add wet ingredients, just as you would with a pancake mix you bought at the store. I actually simplify this recipe a lot by not using eggs, and I add in some water as well (because hubby likes his pancakes on the thin side). You can use your imagination and add in other flavors like blueberries pretty easily too!

Popcorn: Instead of buying that microwaveable stuff, you can get a whole bag of popcorn kernels — even the gourmet kind — for $3 or less. Put in 1T of canola or other neutral oil for every 1/4 C of popping corn (that’s about 2-3 servings) in a deep pot with a lid and pop over medium heat. On a gas stove, this takes no more than 2 minutes to pop, or the same time as the microwave popcorn (not to mention it’s healthier). You can season with onion or garlic powder for flavor, salt, or even real butter, too.

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I’ve caught myself violating one of Benjamin Graham’s main tenets by ignoring his “margin of safety” principle. Here are the gory details on the two transactions:

Ergo Science Corp (ERGO or ERGO.OB)

Summary: This stock appeared in the Special Situations Investing site as a going-private transaction via a reverse/forward stock split. At the time, ERGO was trading for 0.80 and under the terms of the agreement, shareholders with less than 200 shares would be paid $2.10 per share after the split or a straight 162.5% gain (e.g. not annualized) and before transactions costs.

My moves: I purchased 199 shares at $0.80 too early, before the pre-14A filing was released saying that the transaction would apply to shareholders of record only, meaning the shares had to be in my name. Schwab charges a $50 fee to register stock shares in my name, and it was unclear to me how I would go about mailing or otherwise transferring these certificates to the company (potential additional transactions costs), so I decided the best course of action was to dispose of my shares. I sold 199 shares a day or two later at $0.70 for a net $39.80 loss.

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