Archive for the ‘Saving Money’ Category

Why you Need to Check your Credit Report Now

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Be safe - Check you Credit Report Often.
At a time when credit is drying up, and it’s getting harder to get a loan for a car, home, and when consumer lines of credit are harder to come by, it is imperative that we keep track of our credit reports. The smallest negative mark can be a major indicator for your creditors on why ‘not to lend’ to you.

It’s a scary time for Americans, and even across the world. Paying bills is becoming harder and harder. You absolutely must know what’s on your credit report.

I check my credit report at least every 2 months. It’s a good way to stay safe, and to see if there’s been any weird activity. With the rampant identity theft, it’s always a good ideas to be prepared. It’s a fact the more often a person checks their credit report, the more likely they are to avoid getting taken to the cleaners by an Identity Thief.

I highly recommend the following company for getting your free credit report, they’ve always been good to me, and their support is very fast:

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Legally get rid of credit card debt - Forever!

This item was filled under [ Featured Posts, Productivity, Saving Money ]

Image via Wikipedia
Debt is a problem plaguing Americans all over. With people losing their homes, and their jobs, debt is becoming an even bigger nightmare than ever before, but there is help…

DON’T consolidate your debt—CLEAR IT!!!
Legally ELIMINATE your credit card and other unsecured debt

•    WITHOUT ever making another payment
•    WITHOUT it affecting your credit long-term
•    WITHOUT confrontation

Legally Cancel Your Credit Card Debt

This IS NOT:

•    Bankruptcy
•    Consolidation
•    Or refinancing of any kind

Visit here to learn how.

Erase Your Credit Card Debt

•    Must have a minimum of $10K in combined household unsecured debt to apply.
•    Must be a US resident.
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PR: wait…
I: wait…
L: wait…
LD: wait…
I: wait…
wait…
C: wait…
SD: wait…

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Earn a Million Dollars, the Easy Way (No Joke)…

This item was filled under [ Saving Money ]

Book cover via Amazon
If I had a Million Dollars….

Sure everyone dreams of owning a million dollars, of course John Mccain would still consider you middle class but for most of us a Million Dollars is the chance at having the American Dream.

Why a Million Dollars? Because it’s a huge number for most people, more than many could ever dream of.

I’ve always been a fan of David Bach’s Automatic Millionaire, and here are some tips I’ve learned from him that may help you along your journey towards becoming a Millionaire.

Pay yourself first. This is the biggest and most important step you can take to becoming a millionaire. Before you pay any bills or buy groceries, pay yourself. Put it in an ira or mutual fund and watch your money grow. It is recommended that if you want to become rich to save 10%, if you want to become rich faster save 15%, if you want to become rich super fast save 20-25%.With some mutual funds your money can double every 6-10 years which can mean a lot after compounding interest, no you won’t get rich today, or tomorrow but in 20 years you’ll be looking a lot better off.
With the current economic front it is now more important than ever to get your house in order, get out of debt, and you absolutely have to have an emergency fund. Before you invest 20% into your mutual funds its advised to have a savings fund that could pay all the major bills for at least 6-12 months. This isn’t an easy thing to do of course but when you get laid off from your job of 20 years, you will wish you’d had the foresight to build an emergency fund.
Find the little things that you buy that you could cut out. For instance many of us living in a fast paced life, eat a lot of fastfood and other junk food. Some people smoke, and could save a bunch if they quit, others drive a lot and could save by carpooling. The simple fact is the more you save, the more you can invest in yourself.
Become a homeowner. Right now is a wonderful time to buy, owning a home is a great way to build wealth and equity. My tip is to buy a house that you can fix up and resell for more than you paid for it. Buy one that you can pay off in 5-10 years easily. You don’t need a grand house from the get go that’s going to cost an arm and a leg and take 30+ years to pay it off. Once you own your home you can then sell it and upgrade, and keep doing that till you own the house you’ve always dreamed of.
Pay your tithes. If you’re religious of course, which I am - I always pay my tithes and I always seem to have more than enough to meet my bills, and if I don’t my church will pay them for me… If you’re not religious then it’s advised that you give 10% of your income to worthy causes trust me karma is a true principle and everything you give will come back to you more times over.
Learn to cook. Eating out is extremely expensive, and the alternative can save you thousands per year.
Ride a bike or take public transit. Not only will you be helping the environment, but you’ll be saving on gas, especially now that it’s around $4/gallon. You might also look into jobs that only require a 4 day work week, as that is becoming the norm, or even better would be to telecommute and work from home, if possible - I believe telecommuting will become the standard of the future, as energy prices soar and companies experience troubles recruiting.
Don’t worry about brands, brands don’t mean crap. Buy the non-name brand items and you’ll save a bundle over time. Everything adds up.
If you have the means invest in solar panels for your home. It is costly at first but over a 20 year period you will save a ton more than you paid for them, and may even be able to make money back off any unused energy.
Teach your children the value of saving money. Today’s generation is all about borrowing, and if something doesn’t change our children’s future will be even more bleaker than ours. The way to stop this is to start from an early age and teach them how to manage money and finances.
Freelance. It seems now a days everyone is moonlighting and freelancing is one of the top ways to do this. If you can pick up some extra money on the side why not do it? My suggestion is to immediately put all your freelance earnings into your mutual funds and investments to speed up the time it will take you to become rich.
Lastly but not least - study the best resources on making and saving money. There’s the Automatic Millionaire, and many more great books, audio and video on this subject, just do a search.

I hope perhaps this little info might help you as it has helped me.
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Gas Prices Love and Hate them - 10 Reasons to Love them, and 9 Ways to Save on Gas.

This item was filled under [ Featured Posts, Saving Money ]

Everyone is feeling the crunch with the rise in gas prices. Higher gas prices not only affect our pockets but that of companies. Higher gas prices leads to higher costs for all goods that you purchase. It leads to higher costs for air travel as well. It is just one factor in our great economic struggle that is building.

On top of the high gas prices is the mass exodus of American jobs. As many businesses close their doors and even Starbucks is closing 600 stores, we will see a yearly job loss perhaps as high 1 million jobs by the end of 2008.

That’s 1 million new people living on welfare, or food stamps, or collecting unemployment. That’s 1 million people potentially homeless if things don’t change…

But there is a shining sun behind every storm cloud, and here’s an opportunity that I’m taking to make some lemonade from the lemons, so to speak.

First off I’m going to give ways to save on gas, as I’m sure we all could benefit from these:

Take walks to save gas. Not only will you be burning less gas, but you will start burning more calories, and who can’t afford a little less gut these days?
Buy / Ride a bicycle instead. Heck even a horse and buggy would be better and more cost effective if you can afford one, and it’s of course legal in your area to ride one. Of course an added benefit of riding a bike is it helps the environment and helps your waistline.
Carpool if you can. This is an obvious way. If two people are going to the same place it just makes sense that they share the trip.
Plan each trip that you take. Knowing exactly where you’re going and having a plan, will help you to not get lost, or distracted. If you have a goal of where you’re going, you won’t spend extra gas / time driving around looking for what you need or want to do.
Learn fuel-efficient driving. Experts relate that it’s possible to save as much as 25-30% off your fuel if you make a few simple changes to your driving. These include:

Turning off the engine for stops over 10 seconds long - Idling is never good for your car or gas mileage - and idling to warm up your car is bad read more.
Keep a moderate speed. Don’t drive above 60mph, and be use your cruise control to maintain a consistent speed.
Make sure tires are properly inflated.
If driving a car with a manual transmission, be sure to drive in the correct gear for your situation.
Know when to use the A/C and when to turn it off and roll down the windows. A good rule of thumb is when it’s hot use your windows for city miles, and roll them up and turn on the A/C for highway miles. When driving higher speeds having the window down creates drag, but when driving slower having the A/C on can lower your gas mileage.
Drive smoothly, avoid rapid acceleration and hard braking. Try to maintain a steady speed. If you can coast down hills and try to keep your foot off the break as much as possible.

Buy tires with lower rolling resistence. Less friction means less wasted energy means more money saved.
Don’t buy premium gas unless you absolutely have to. If you’re car is designed to run on regular, premium won’t help it, and will just eat up your money.
Buy a fuel efficient car. Of course most of us can’t afford a new car right now with the economy the way it is - but buying a fuel efficient car or hybrid will save you gas in the long run. If you’re debating a vehicle purchase anyways, you might as well buy one that will save you hundred a year in gas. When gas hits $7 per gallon in 2010 (just 2 years), you will be glad you bought that hybrid.
Get cash-back on your gas purchases. Last but not least, try getting a credit card that pays cash-back on gas purchases, a good one to get is the Discover more card. You’ll receive around 5% back for gas purchases. Apply for the Discover® More Card

Alrighty I’ve talked long and hard now about how to save money on gas, now let me tell you why I believe that the hike in gas prices may be a blessing in disguise. Here are ___ reasons:

It gets gas guzzlers off the road. Due to the high gas prices many people are trading their SUVs and Hummers for smaller more efficient cars.
Of course with less traffic, means better environment. There’s less emissions, and so at least the environment may stand a chance of healing itself.
New green technologies are on the rise. With people struggling to pay for gas, green technology companies are growing in leaps and bounds. The technological advances that the higher gas prices have brought is extraordinary to say the least.
High gas will help stamp out Obesity. How? People who can’t afford to drive will walk more, take bikes, or take public transportation - but even with public transportation you still end up walking more than if you were driving yourself around.
People are now taking closer look at finances. People are in debt over their heads, they’re losing their cars and houses at record rates. With the rise in gas prices people are watching every little penny. Gas prices bring up the prices for just about everything that people buy, when everything costs more we’re each going to have to take a hard look and decide if we need a plasma tv or if we can make do with our 32 inch old style tube tv.
Higher gas prices will lead to better public transportation. Now that people can’t afford to drive themselves around, we need to relook at our methods of public transportation. In Europe you can travel to almost any big city by train, I think we need to look at our current rail systems and possibly expand them.
The rising fuel costs are leading to more gas friendly perks for their employees. Some employees are beginning to allow telecommuting, some are switching to a 4 day work week instead of the traditional 5 hour. Utah is implementing a plan to make all government jobs work four 10 hour work days instead of five. This not only saves the workers’ gas, but it also cuts back on the costs of energy to run their computers, and the lights in their offices. Of course important jobs like emergency personell will still work normal shifts, but this will be a huge experiment to see how much it will affect the environment.
Less travelling means better communities. As people are travelling less to see friends, and relatives they will need to reach out to each other for their socializing needs. People will stay closer to home, and the community will grow as a result.
Finally, the government may actually consider increasing fuel economy standards. In Europe - non-hybrid cars routinely get 50+ miles per gallon. In America we’re stuck with cars(non-hybrid) that get 30 mpg or less. Maybe we’ll get some of the European models.
High gas prices may help the internet. If you blog, or run an online business, high gas prices may actually help you out, if people can’t leave their homes they’ll stay home and surf the net, which could mean more advertising dollars for your blog or website.

Also - I’m going to take this moment to let you know about a contest running. You can win a free $25 gas card, and who couldn’t use this? Check out the contest here, or Read some tips from their site on  “Saving Money at the Gas Pump”
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