Well not quite.
Let me explain. For the past couple years, I’ve been the IT Manager of SIFEUNSW, the UNSW division of a much larger organization Students In Free Enterprise, which aims to bring young entrepreneur’s attention to non-profit charities.
One of the projects that we had in 2006-2007 was “Frugal: The magazine that made cents”, pun intended. The goal was to create an self sustaining online business magazine targeted at young people. Every week, the SIFEUNSW team working on frugal would approach people to interview, write guides to educate young people about personal finance, etc.
I only joined SIFE shortly after the end of the SIFE year (July), and did not see this project in operation, but from what I can tell, it was quite successful. Unfortunately, Andrew, the project leader for Frugal had already graduated that year and would not be participating in SIFEUNSW in the following year. Progress for the project halted as the beginning of the new SIFE year came around.
This is not uncommon for a project at SIFE. Much of the focus of SIFE is around an international competition held every year in July where hundreds of university students from various countries in the world present their projects to a panel of judges in front of an audience of fellow SIFErs, sponsors, charity workers, and successful entrepreneurs. SIFE teams spend so much time preparing for this competition, that once it ends, there is a period of relief and celebration that usually means down time for projects.
Unfortunately for Frugal, we never recovered from that down time and we were just short of making the project sustainable which would only require a few volunteers who enjoy writing, and a few regular guest posters a month, but building a team like that is easier said than done when nearly all of our human resources are business students who are busy studying and often also working.
The project has revived in the form of “Fully Frugal” which is a video version of the project with similar goals, but there has been no new content on Frugal since mid 2007.
Oh, and why is frugal ‘not quite’ reviving? I just noticed a 30% increase in traffic on website this month reversing a slow downward trend.

I wonder if the financial crisis is making people google for financial advice and driving up the traffic. The site is pretty well SEO optimized despite not having any new content for over a year.