As we head into a big spending season, Dan Ariely of Duke University suggests thinking about money in terms of sacrifice.

In other words, what are you giving up in order to buy that Christmas gift? In economics terms, that's called the opportunity cost, and it's something people don't think about enough, Ariely said.

Ariely, a professor of behavioral economics, once went into a Toyota dealership and asked people what would they not be able to do in the future if they bought that car they were eyeing.

"You would expect people to have an answer," he said in a video essay. "But people were kind of shocked by the question. They never thought about it before."

This post comes from Trent Hamm at partner blog The Simple Dollar.

 

Recently, several couples in our community started a frozen-meal exchange. It’s a really simple idea.

• Bing: Best Thanksgiving side dishes

On a certain day, everyone in the exchange meets for coffee and brings along a laundry basket full of frozen meals, one for each family, along with any needed instructions taped to the lids. The club members swap the meals so that everyone takes home one of each meal that they didn’t prepare.

 

It’s a very clever idea for several reasons.

The following story set off a thoughtful rant by “Fabulously Broke”: A judge this year granted alimony to a jobless woman despite the fact that she and her husband had waived any claim to alimony when they divorced 27 years ago.

• Bing: Alimony laws state by state

This turn of events is one of the anecdotes in an excellent Wall Street Journal story about why some lawmakers think alimony laws are sorely in need of an update. (It appears that the economy is prompting more people to seek support from spouses they divorced years ago. We should also note that a large majority of alimony payers are men.)

 

Here’s the core of the WSJ piece:

This post comes from Tisha Tolar at partner blog Wise Bread.

 

We've all likely burned a pot of something in our lifetime, but sometimes a ruined dinner may not be so ruined after all. Learn a few tricks of the trade and save yourself some time and money.

• Bing: Best turkey recipes

As more and more families go back to basics and choose to stay home to eat, there is big interest in the recipe industry and cooking shows. Catching a few episodes of those shows or investing in a new cookbook can certainly help to keep meals at home fresh and interesting. If you make a mistake during your experimentation, don't throw out the food. Use these five quick fixes to salvage a good meal.

 

Pasta's hardly al dente? Overcooking your pasta noodles is easy to do, especially when you have other things going on around the kitchen. Fear not. Simply run the pasta through cold water to halt the cooking process. Add tomato sauce and reheat. The acid in the sauce will help bring back a firm noodle.

Psst! Want a great deal on an Easy-Bake Oven? Go to Walmart.com, where it’s on sale. No, wait. Check out Amazon.com, which just reduced its price. Hold on. Wal-Mart still has the better price.

• Video: Score a deal on Black Friday

Prices have fallen faster than Marines battling the Alien Queen as these two retail giants duke it out. What started as a competition over who can sell a handful of best-selling book titles for less has spread to a wider assortment of stuff --DVDs, video games and consoles, cell phones and, yes, Easy-Bake Ovens.