Home > Author Archives: Kim Parr

Author Archives: Kim Parr

Kim Parr is a private practice optometrist, freelance writer, and personal financial blogger. You can follow her journey to 20/20 financial vision at Eyes on the Dollar.

Quick Ways to Pay Off Short Term Debt

pay off debt fast

We’ve all been in situations when an unexpected expense takes us by surprise. Whether it’s a trip to the emergency room, a car repair, or a leaky roof, some emergencies have to be dealt with immediately. Having an adequate emergency fund is always the best way to handle life’s unplanned events, but it isn’t always possible to cover every situation, especially if they all seem to hit at the same time. If you’ve had to take on debt, either with credit cards or through short term loans like from car title loans Ohio, here are some quick ways to pay off short term debt. Sell Things From Around the House Odds are, there is something around the house that can be sold to help pay off debt. If it’s been awhile since you’ve done a thorough de-cluttering, now is the time. Things of value include gold jewelry, kid’s clothing that is in good shape, anything that is a designer brand, electronics, video games, cameras, sporting equipment, and furniture. Having a weekend yard sale could bring in a few hundred dollars while selling your Grandma’s old antique kitchen table on Craig’s List might score big bucks. Don’t let sentimental value get ...

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Why I’m Paying $70 For Something I Could Have For Free

4th of July triathlon

  I try really hard to practice lifestyle deflation, which is the opposite of lifestyle inflation. This means carefully considering every purchase and certainly not paying for things that I don’t absolutely need. Every once in a while, a non-necessary expense comes up that makes me throw that thought out the window. This 4th of July, I’m paying $70 for something I could have for free. Physical fitness is one of my top priorities. We only have so much time, and I want to give myself the best shot at being healthy during the amount of time I get. I use plenty of low cost ways to exercise, including running, biking, hiking, or using P90x at home. I love to do 5k or 10k races but have really cut those out due to expense and/or travel time. However, every 4th of July for the past six years, I’ve signed up for the Cortez Burst Triathlon. This year, I’m taking my daughter with me! Yep, we paid $50 for me and $20 for her to run, swim, and bike around our home town. Running and biking are absolutely free, and the pool fee is only $2. Why on earth are we ...

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Hidden Budget Killers and How to Fix Them

how to control overspending and fees

Most of us are not perfect when it comes to money. It’s inevitable that financial hiccups will happen to even the most meticulous planners, but what about when money is really tight and there doesn’t seem to be room to save any more? It could be that you are spending out of habit and don’t even realize there are opportunities for improvement. Here are some hidden budget killers and how to fix them. Eating Out Eating out should be a special treat and not the normal way you sustain nourishment. I have a friend who is in dire straits about her financial situation and the amount of debt her family is carrying, yet, she buys lunch out almost every work day. What’s wrong with this picture? Don’t fool yourself into thinking it saves money by eating off the value menu or ordering the happy hour special. Bite for bite, eating out is always more expensive that cooking at home. Even if the amount of dollars is the same for a large home cooked meal vs a restaurant dinner, the home cooked meal usually provides several days of leftovers while take out container food will be soggy and smelly by the ...

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Personal Capital Retirement Calculator: Great for Early Retirement Planning

Using Personal Capital's retirement planner

In the past, my opinion of retirement calculators has been less than enthusiastic. For the most part, they assume that people will work until age 65 or longer, have one job, need at least 80% of their current income in retirement, and that no one will have income after retirement other than social security or a possible pension. Aside from Jim’s possible pension, none of that applies to us, so I’ve always been disappointed when the results show that we will need something like eight billion dollars to retire comfortably. That isn’t real world at all. My opinion has changed recently with the new Personal Capital Retirement Calculator. Finally, a plan that gives options for those of us who live a bit outside the traditional norms! Real World Assumptions A calculator can’t be perfect because there is no way to predict all expenses. We might be hit with big home repair or medical bill at any time, but what is nice about the Personal Capital calculator is that it pulls from current spending trends. Even if you do make eight billion dollars a year but only spend $50,000, the calculator is able to process that. Other nice things about Personal ...

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Steps That Make Travel Much Cheaper

save money on vacation

                One of my favorite things in life is going on vacation. I not only love planning my own trips, but I also enjoy hearing about other people’s travel stories. One thing I can’t stand, though, is when people pay too much for travel. Even worse is when someone wants to go on vacation but doesn’t because of the belief that travel is out of reach financially. I am a huge fan of using reward points to make vacations affordable. But even when paying in cash, there are a few steps that make travel much cheaper. Why pay more if you don’t have to? Disclosure: This post was written in collaboration with Groupon. I was compensated for my time, but all opinions are my own and from tips and tricks I’ve used personally to save on travel. Be Flexible Maybe your heart  is set on staying at the resort that offers cushy bath robes and free s’mores after dinner, but this level of luxury is way over budget. Instead of going into debt to stay at a particular place, look around the area to see what else might be available. After all, are ...

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