Is being frugal worth your time and effort? Can the law of supply and demand work in your favor to earn additional savings on your everyday purchases? Did you know that you actually hurting the US economy by saving your pennies and being too frugal? You may be surprised to find out how you can save money when you approach think about frugality like an economist. Here are a few lessons from your economics class and how you can apply them to your frugal life. Toilet Paper Is Worth More Today Than Tomorrow If you won the lottery, would you … [Read more...] about How To Think About Frugality Like An Economist And Save Money
Archives for June 2012
Every renter should have and needs renters insurance. Renters insurance, which is also often known as personal property insurance, is essential for every renter no matter what your circumstance. Many renters forgo this coverage, and as a result, are putting themselves in financial jeopardy should something happen. Why You Should Purchase Renters Insurance Individuals should consider getting renters insurance to protect their property should something happen. A common misconception among renters is that the landlord will cover damage to their … [Read more...] about Why Every Renter Needs Renters Insurance
What is COBRA health insurance? Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that was passed by Congress in the mid 1980s that gives some employees and their dependents the ability to continue receiving health insurance coverage even after leaving employment. There are many times when you need to continue to receive private health care even though you may have lost your job. Health insurance is expensive, but COBRA health insurance can help you cover the gap in coverage until you find a new job with adequate health insurance … [Read more...] about What Is COBRA Health Insurance And Why You May Need It
I was recently interviewed two weeks ago on the Brashenomics radio show out of Seattle, Washington. This was my second radio interview talking about money matters and consumer savings tips. I was interviewed about the article that I wrote detailing how to save money on my moving expenses. Here's the interview... It was great and a lot of fun. I will also included a copy of the Mp3 below for you to hear my segment on the radio show later this week. So, be sure to check back. It is a quick ten minute or so interview covering some great … [Read more...] about Money Q&A Interview On Brashenomics Radio Show
If you have a 15 or 30 year mortgage, it may seem like it will take forever to pay off your debt. Thirty years, or even 15 years, is a very long time to continually have to make payments on something even though it is your house. However, there is a trick to the mortgage payment system that allows you pay off your mortgage even quicker than you expect with little pain out of your pocket. It is called a bi-weekly mortgage. What Is A Bi-Weekly Mortgage? A bi-weekly mortgage is just like it sounds. You make mortgage payments every two weeks … [Read more...] about What Is A Bi-Weekly Mortgage Payment?
I should have known better about my finances in my 20s. Heaven knows that I have made a few financial mistakes along the way. This list of what I should have known better about my finances in my 20s is an attempt to help others before they make some of the same mistakes. It is not too late though to recover from your errors though if you have made these listed below. 20 Things I Should Have Known Better About My Finances 1. Don’t borrow from your 401k retirement plan. Even though you are paying yourself back with interest, you are going to … [Read more...] about 20 Things I Should Have Known Better About My Finances