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Saving Money

Ways Renters Can Save Money

ways to save money when renting a house

After being a landlord for almost three years, I’ve learned that tenants do some crazy things. From showing up drunk at a move in inspection to leaving all kinds of valuables behind, I really am not surprised by very much anymore. Since I get to see things from a different perspective than most of my tenants, I’m going let you in on ways renters can save money. 1) Don’t Move If You Don’t Have To Every time you move into a new rental, there are expenses that include rental and utility deposits, costs of moving, and any new household items, like blinds or bath mats, that you might have to buy. You might get deposits back at some point, but you just as easily might not if your landlord requires a cleaning fee or deems something is damaged. Obviously if you have to change cities or live in a rental that’s in poor shape, it makes sense to leave when your lease is up, but what if you don’t mind your place? Do your best to stay put. The grass is not always greener in a different home. Even if the landlord wants to raise rent, you have some options. ...

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Cooking From Scratch to Save Money

Cooking from Scratch to save money

With the release of the UK basket of Goods 2015 report comes the news that as a nation, the UK appears to be more inclined to choose a healthy lifestyle, as noted in a recent article LSBF featured here. With items such as protein powder and sweet potato in the basket, perhaps the country is waking up to the benefits of improving its well being. But what about the increased number of chilled pizza purchases, or the items which remain on the list from previous years, such as chicken nuggets and doughnuts? As recovery from the recession continues, it doesn’t make sense to spend money on junk food when cooking food from scratch is so much cheaper. Perhaps it’s time to address what we put in our own basket of goods. Cooking from Scratch For many, the thought of cooking from scratch conjures a fear of spending hours in the kitchen. But it doesn’t have to be this way. With a proliferation of television cookery shows inviting us to take part in the craze to make meals from scratch in 30 minutes or less, it’s been revealed that it’s perhaps not so time-consuming to make a healthy meal from scratch ...

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How To Haggle For A Used Car

haggling for a used car

Hopefully this will be my last post about used cars for a while. Like it or not, most of us have to drive, which means the occasional need to shop for a car. Since one of our lines in the sand is to never again buy a brand new car or have a car payment, it made the hunt a bit more challenging, but I think the end result turned out well. Let me say that I hate haggling. It’s more fun to pick up dog poo, but sometimes you have to step up to the plate if it means saving thousands of dollars. These are some tricks I used to haggle for a used car. Know What Kind Of Car You Want There are so many makes and models of cars available that it almost boggles the mind. Saying you want a car just doesn’t cut it. Thankfully the internet has all kinds of reviews and specifications so people can check out vehicles that fit their needs for reliability and affordability. In our case, we narrowed the choices to a Honda Civic or Accord. We also wanted a 2010 or newer model. I preferred the Accord since it’s the ...

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Cheapest States To Raise Kids

cheapest places in the US to raise kids

Ask 50 people their opinion about the best places to raise kids and you might get 50 different answers. Some people would lop off their left arm before leaving one of the coasts for the Midwest. Most Southern people I know would not move west of the Mississippi if they were offered a million dollars. Looking from a purely financial viewpoint, lets look at some of the cheapest states to raise kids. New Mexico Ah, the Land of Enchantment! I used to live in New Mexico and we currently reside only 40 miles from the border, so I’ve had some first hand experience with this state. To be honest, there are some armpit worthy parts of New Mexico. The state has a high teen pregnancy rate, lots of poverty, and was ranked as one of the worst economies in the US last year. Why on earth would anyone choose to live in New Mexico? Despite those disappointing statistics, New Mexico is not all that bad, IF you look at certain areas of the state. Research, health care, aerospace, energy, and technology jobs are available. New Mexico offers very lucrative tax incentives for businesses. That’s why Virgin Galactic, Intel, and many ...

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Don’t Blow Your Tax Refund

wise things to buy with tax refunds

According to the Internal Revenue Service, 75% of tax payers will get a refund this year. Since the average refund is almost $2800, it’s time to start thinking about how to put that money to good use. A tax refund is not a windfall or a gift from the government. It’s your money, earned from work, that Uncle Sam has been holding all year long. Don’t blow your tax refund by treating it like found money. Pay Off Debt One of the best uses of a tax refund has to be paying off debt. While government won’t be paying any interest for holding your money, you’ve likely been paying interest to your creditors. Having a couple of thousand dollars to throw at credit card bills or high interest loans can be a huge morale boost for those struggling to get out from under their debt. Start Or Top Off An Emergency Fund We all know that not having anything in savings for emergencies is often the reason people go into debt. Most experts suggest saving at least three months of necessary expenses, but that number often seems too overwhelming for people who live paycheck to paycheck. Even having $500 or ...

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