Frugality is one of those areas that I do not cover nearly enough on this blog. Frugality can be important because it can free up money giving you more resources to work with. There is no worse feeling when shopping than paying full price for an item when you could have gotten it for a discounted price. In order to keep you from making this mistake, you need to use coupons. Here are a few of the best places to look for coupons.
10 Great Websites For Saving Money
October 22, 2010 By 12 Comments
We may talk a lot about investing money at Buy Like Buffett but we love to save money too. Everybody likes to save money and Buy Like Buffett is no exception. Getting a discount on a purchase allows you to put some extra cash in your savings account or add to your investment portfolio. Whatever your reason for saving money, these sites will help you get the best deal. Here are 10 great sites for saving some cash.
The Importance Of Living Within Your Means
June 28, 2010 By Leave a Comment
ESPN has a story on the bankruptcy of Mark Brunell. Brunell invested in businesses in which he did not have more than enough cash to cover the liabilities. Mark Brunell was one of the best QB’s in the NFL in the 90′s and I am certain that he is a good man. Brunell invested in a number of different real estate ventures that have led him to the doors of bankruptcy. The only way that he can escape his creditors is through bankruptcy. Don’t blame Brunell though. This can happen to just about anyone when you allow yourself to become overextended.
It’s estimated that Brunell made over $50 million dollars during his playing career. It’s believed that Brunell now has less than the $3 million dollars needed to cover the loan repayment. While we shouldn’t mire in the misery of others, you can learn an important lesson from the Mark Brunell case. You have to live within your means. Even athletes have to create a budget. They make a great sum of money for a limited time and need to adjust their spending so that they can maintain their standard of living after the glitz, glamour, and big contracts are long gone.
Tip#5:Lower your utility bill
April 18, 2010 By 2 Comments
Following a few simple energy conservation tips can save you money on your home heating and cooling bills. Unplug electrical items (computers, cell phone chargers, and DVD players) when not in use. These items drain electricity and increase energy costs. Remember to turn off your air conditioner whenever you leave the house. There is no reason for the air conditioner to be blasting cold air when no one is there to enjoy it. During the winter turn the thermostat down. A 5 degree drop in temperature represents a 15% savings. Make the switch to compact fluorescent light bulbs. These bulbs are better for the environment and cut down on energy costs. You could also qualify for energy tax credits by becoming more energy efficient.
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Tip#3: Get Rid Of Your Home Telephone Service
April 12, 2010 By Leave a Comment
Now that you have a cell phone with unlimited services, you can get rid of your old landline service. It is possible today to survive without home telephone service. Landlines used to be necessary for alarm services. Not anymore. Most modern alarm systems offer wireless monitoring making a landline unnecessary. What if your cell phone service at home is spotty? If you get poor reception at home, consider a dual mode Wi-Fi cellular phone. Dual phones have the ability to make calls over both cellular and Wi-Fi networks. This should give you strong signal use from home. If getting rid of your landline service is not an option, than you can scale your service back. You can get a basic plan for $19.99 a month.
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Tip#1: How To Cut Your Cable Bill
April 9, 2010 By 2 Comments
Are you feeling the effects of the recent economic downturn? Are you looking for new ways to cut your monthly expense? This bad economy has us all looking for ways to tighten our belts. Every dollar that you can save is an extra dollar in your pocket. Over the next few days I will post tips to help you save some extra cash.
Here is Tip #1: Renegotiate your cable bill.
Although your paycheck may be decreasing, rates for cable television and satellite TV are steadily rising. Cable prices have been increasing 6 to 7 percent annually. According to the New York Times, cable prices have increased at twice the rate of inflation. So, how can you fight back against rising cable prices? Contact your local cable company and renegotiate your cable bill. Inform your cable provider that you are unable to keep paying such high prices. Major cable companies have customer retention departments. These customer retention departments will do just about anything to keep you as a customer including free months of service, price discounts, and lower annual rates. This is because it much cheaper for cable companies to retain a current customer than to pay the marketing costs associated with attracting a new customer. When negotiating with your cable company, always be prepared to cancel your service if necessary. You can always get a better price from a competitor. You may even discover that you can return to your former cable provider as a new customer and are eligible for new customer discounts.
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