Archive for May, 2009
Ten Frugal Tips That Save Money
Saving money is not as hard as it seems.It just takes a little bit of self discipline. Here are ten frugal tips that you can implement to begin saving money, without changing your lifestyle.
1.Replacing bulbs
Replace incandescent bulbs with compact fluorescent (CFL) bulbs. CFL bulbs consume 80% less energy than incandescent bulbs, but give the same illumination. Make sure to buy only lamps and bulbs that have the Energy Star rating to ensure quality compliance.
2. Make a list
When going to get the groceries and stick to it! Anything that is not on the list is not a “need”, but merely a “want” so avoid busting your pockets for unnecessary items. Buy non-perishable consumables in bulk to benefit from bulk discounts.
3. Use coupons when available.
Take the time and have the patience to clip and organize grocery coupons. When added together, savings from using all coupons in one grocery trip can be as much as $20-$30. Purchase dining and shopping coupons online and print them at home. Doing so can save you at least 50% on the face value of the coupons.
4. Buy online, whenever possible.
Online stores pass their savings from rental costs and warehousing to the online consumer, thus they can afford as much as 70% off their rack price. When buying items online, Google it first together with the word, “discount code”. This can give you further reductions on the item you want to purchase. Try also online bidding: they offer at least 75% off the original purchase price, for practically new (slightly used!) items.
5. Take lunch to work.
Buy potato chips and soda from the grocery and make a homemade sandwich and pack them in a brown bag.
6.Homemade dinners
Eat homemade dinners as often as possible. Plan menus that are practical and easy-to-cook to encourage eating at home. Save money by dining out only on special occasions.
7. Use everyday pantry items
As skin and body care. Cucumbers, honey, milk, lemon, salt and baking soda are some items in your home that can also be used to take care of your skin.
8. De-stressing
Avoid shopping to de-stress. Find an other activity, try walking around the park or watching a movie instead.
9. Your own sodas and snacks
Bring your own sodas and snacks when watching a movie. The cost of sodas and snacks are at least 25% higher in movie houses. Plus, homemade popcorn tastes much better: you can put on all the salt and butter you want!
10. Credit card balances
Pay off your credit card balances each month and avoid finance charges. Better yet, use cash as much as possible, unless using plastic will give you a better deal (0% interest on appliance purchases, or cash rebates).
F.G
( 0 )
May 28th, 2009
Life Without Sustainable Power
What happens when the oil prices and production costs get too high? What if our fossil fuel supply runs out? What will happen then? Actually, to fully appreciate sustainable power, these aren’t the only questions we should ask. Perhaps we should inquire: Where does 20% of our electricity supply come from? How are far off towns furnished with power? You see sustainable energy is not just for the future, it is here, it is now.
The Real Deal
The thing about sustainable energy is that it arouses debates from politicians, NGO’s, advocates and opponents all have certain grounds for saying that sustainable works or is a bad thing after all. Perhaps we should begin by defining what sustainable power is. When we say sustain it means to support, uphold, to keep from falling. So when we say sustainable power it means energy with unending resources. In the case of today sustainable energy means endless resources fro power supply without the harmful effects on the environment.
Its Not Sustainable It’s the Alternate
In all reality it is not sustainable energy that precipitates the conflict. It is the “alternate source” of energy that is the root of all things that create conflict. A lot of people argue that alternate energy resources are simply too new a resource fuelled by technology for it to be really said that it is indeed safe.
What is more, some authorized people on the matter of energy say that alternate energy resources are simply not powerful enough to cope with the demands of the world. No matter which way we argue alternate energy resources are part of sustainable power and sustainable power means we live the humans live on as a species; were not supposed to die or else it is useless for use to look for ways to improve ourselves. After all isn’t future the reason for our continued quest to be better and more environmentally aware?
Its Here, There, Everywhere
Alternate energy resources derived naturally have been employed as early as the time of the pharaohs. Today alternate energy resources are scattered all around the world. From the richest countries to the third world nations. In northwester Europe wind farms are abundant. The Philippines, New Zealand, Kenya, Iceland, Germany, Canada, Turkey, Mexico, and even the states make use of geothermal plants to supply a portion of their electricity. Hydropower so popular in the US and in china are used to generate enough electricity to power small towns and help power the enormous electrical consumption of a city like Las Vegas.
Its Now and It Can’t Be Denied
If you think that earth is already polluted and in peril, then imagine what if thousands of years ago our ancestors all used fossil fuels and burned coals for every energy need they have? History says that with every development and discovery man makes, the earth gets polluted every day. So there must have been that one thing that slowed it down a bit.
Remember the great smog of London where over 8,000 people died? Well that happened because they were experiencing unusually cold weather so they in turn consumed and lit up more coals, thereby fogging the air with smog. If alternate energy resources were never used we wouldn’t even be here today. So be thankful and be a supporter not only in words but in action as well.
( 0 )
May 18th, 2009
Priorities Bring Focus to Family Budgeting
Often times, the family budget is a source of conflict. Most of the time, the major earner makes the final financial decision, which isn’t always a welcome deal for the rest. Since money is such an intrinsic part of family life, families need to achieve accord in this aspect. There is a four-step cycle in budgeting the family money to maintain peace and harmony.
1. Set your priorities.
Priorities are different from goals. They are aspects in your family’s life that you, as a family, want to set focus on, say health or children’s future. While goals are specific targets that support priorities.
In setting priorities, do not set too many as it defeats the purpose. Ideally, there should only be one, but because life is not ideal, 2 to 3 are reasonable.
As the priorities are set and agreed upon, write them down. Post the paper where everybody can see them to remind them of what your family is focused on for the next few years.
2. List down your goals.
Once the family has set and agreed on priorities, the next step is to set the goals. Goals are specific and measurable conditions that, when achieved, will support the priorities.
In setting goals, establish a target that is both challenging yet achievable. A 10-15% of the family’s income is a good savings target for a child’s future education: stretching yet reachable.
Try to limit your family into setting 1-2 goals per priority, to maintain focus.
3. Work towards your goals.
After setting your priorities and goals, start living by them. All of the family’s activities will be geared towards working at your goals. Track progress, particularly on financial goals, by using an income and expense-tracking tool. The simplest way is to get a notebook and list down all expenses and incomes and set a budget for future spending. There are those that invest in computer software or a family accountant. Whatever it is, the important thing is to have a system of monitoring the family’s performance towards achieving their goals.
4. Evaluate your family life.
At a certain point in time, when you feel like it’s time to evaluate your life, check how your family is doing against the goals. Goals that have been achieved can be checked off the list, and new ones can be formulated.
At times, in major changes, say a career move, or when a family member goes away, it may be time to re-evaluate priorities. When such a time comes, then the cycle begins, just like what it’s for: life!
( 0 )
May 15th, 2009
Saving Energy in the home
Why is efficient home insulation good for saving energy?
Almost half of your electric bill goes to regulating the temperature of your home. Thus if you want to save on your electric bills, the best place to start is your home’s insulation system.
Insulation is important to minimize or eliminate the heat exchange/loss inside your house. Good insulation keeps the interior warm during winter and cold during hot summer days. A well-insulated house allows your heating and cooling systems to effectively work as needed. Proper insulation can save as much as 10% of your monthly electric bill.
Meanwhile, if your house has leaks or if it has insufficient insulation, air will pass through; and heat exchange will occur on areas where insulation is inadequate. This results to heat loss. And because a house with leaks and insufficient insulation requires more power to regulate its temperature, energy consumption will likely increase.
Where to insulate?
Areas of the house including the switches, power outlets, plumbing fixtures, walls, windows, doors, ceilings, floors, basement, crawl spaces and attic should be properly insulated.
Insulation Tips
Make sure that you consider factors such as building design, budget and climate when selecting the R-values of the insulation materials. Use the proper R-values insulating materials for particular parts of the house.
Consider parts of your house such as the attic, floors, kitchen, bathroom, windows, walls, door and other parts where heat loss are more likely to happen. Use the required insulation materials on these parts to effectively control the temperature.
Sunk-lights can be a source of heat loss but you need to be careful on how close you place the insulation next to these fixtures. Check with your local building codes for reference.
When constructing a home, check on some construction materials that provide both structural support and good insulation.
Follow the product instruction when installing the insulation. Product instructions are the best source of information on how to maximize the use the products.
More Energy Saving Tips
Reduce your light consumption. Some lights produce heat that affects the temperature of the house.
Keep your temperature sensor away from hot materials like stove, oven, lights and other appliances that emit heat to get accurate temperature reading for effective heat regulation.
If the temperature outside is comfortably warm or cold, turn off your heating or cooling system. During heat season, open the drapes of the south-facing windows to allow natural light to enter your home. Close it at night to prevent cool winds from coming in. During winter, keep the drapes and shades closed to help reduce heat loss.
Buy energy-efficient products that will help minimize heat loss and reduce power consumption. Find a reputable contractor and ask advice on good heating and cooling equipment to buy.
During winter, adjust your thermostat at the lowest comfortable level; during summer, highest comfortable level.
Minimize the use of heat generating appliances to reduce the use of cooling system and save on electric bill.
A well-insulated house is like a well-sealed refrigerator. Lesser heat loss means lesser power consumption; and more heat loss means the motor will work harder to maintain the desired interior temperature and thus more energy consumed.
Saving energy means saving money. Make sure that you routinely check your house for leaks and holes and replace or repair leaking parts as soon as you discover them.
( 0 )
May 11th, 2009
money-generating business machine
Creating a Savings structure is your best defense against bankruptcy. It protects and insulates you from possible financial loss and gives you the ability to expand your finances and create a money-generating business machine that will help you to generate extra income
Basics ideas of frugality
Are trying to get control of your spending in order to promote your ability to save – spending less than what you earn and keep something back for future use and for unforeseen circumstances is always preferable to panic.
The potential of flexing your base income can be augmented in ways that are not confined within the walls of basic employment. You can start up your own business, Part time online, any business it doesnt matter what it is! If you have spare tine to sit in front of the TV, lay about the house and generally do nothing you have time to generate money, which gives you a greater chance of saving and allows you the ability to implement the basic ideas i have laid out below.
Here are just a few ways on how you can effectively maximize your financial resources and helps you manage your money by developing correct habits and a frugal outlook suitable for what should be your ultimate goal. Financial stability
1 Wants and Needs
You buy items because you need them. A need is something you cannot take away from a person for these things are vital to his or her very existence and without them, they are categorically considered as poor or deprived.
Food, shelter, clothing and transportation are the primary examples. In a modern world, car and phone gadgets are a necessary part of a busy working individual. However, unless you are receiving more than $10,000 per month, you basically won’t need to have a $40,000 to $50,000 luxury vehicle.You may want a $50,000 vehicle, but you don’t need it.
The same is true for your telephone media. How many people do you know-that have to have the latest model or buying the all the latest releases this is just not practical and earns you more points on plunging into a staggering financial downfall.
2 Less Is best
Extravagance is the rule of the kings. While we sometimes need to afford a few little luxuries in terms of the food we eat, the body pampering devices and accessories, such as clothes and body-relaxing services, we also need to consider that these types of activities should only be reserved for special occasions and for cases when you have some excess left in your household budget.
3 Spend Less; Save More
Spending more than what you earn or produce is a bad habit that most people get used to doing everyday.
Allocate a special percentage of your earnings to go into your savings accounts while spending the rest for your day-to-day expenses.
Unexpected change is a fact of life.Such as a visitation from the relatives (wow!!) who come to stay a while or maybe a house party due to a certain celebration will require the need to build in some leeway to your budget to allow for these unforeseen situations. But once you have develop a frugal way of living these things become second nature.