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Saving Money

So Why Haven’t You Cut Cable Yet?

cancelling cable

  We cut the cord on satellite TV over two years ago. It took a long time to get to a place where we were ready to let go, but it’s been nothing but positive. Not only do we save money every month, we choose when and what to watch, resulting in way less TV altogether. Who has time to watch TV when there are side businesses to hustle, rental properties to be found, and family trips to be planned? In fact, TV is one of the biggest time sucks known to man. In years past, I can’t count how many times I’ve turned the TV on for background noise only to find myself four hours later caught up in a Law and Order marathon. I can’t think of one benefit to having cable or satellite TV, and I’m going to shoot down every excuse today and ask why haven’t you cut cable yet? Cutting Cable Does Not Mean No TV At the end of a long day, I like to sit down and watch a show as much as the next person, but you don’t need cable to do that. With all the streaming and on demand options available, ...

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Save on Back to School Shopping

back to school shopping

  I can’t believe it’s already time to think about back to school, but sticking my head in the sand about the impending start of the school year does nothing to help us get prepared. Last year the average family spent almost $700 on back to school costs. Unless your kid requires a computer, I don’t believe it’s necessary or wise to spend that much. Before heading out to stock up on school supplies, take some time to prepare. There are tons of ways to save on back to school shopping. Look Around the House for Functional School Supplies Once you obtain the necessary school supply list, take a look around the house. It’s tempting to pick up the list from the store and throw everything in the cart that same day, but there is a good chance you don’t need to buy everything new. We were able to find an unused glue stick, some markers, folders, scissors, rulers, notebooks, and plenty of paper towels and tissues. Our PE shoes from last year still fit, so that’s a nice savings. Kids also don’t need new backpacks and lunch boxes every year. We will be using our same backpack from 1st ...

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Friday Free Stuff

free summer activities

  Who doesn’t love free stuff? Whenever we are going out of town, I always Google “free stuff in ……..” You’d be surprised at how many things pop up. Of course, free is not always better. I wouldn’t go out of my way to stand in line for something just because it’s free, but it’s always nice to score a good deal. Here is a small sampling of free food and fun you might want to take advantage of this summer. Activities Bowling– Register your child at kidsbowlfree.com for two free games of bowling on multiple days. Movies– Buy one movie ticket with a Visa Signature card and get one free every Friday until 8/21/2015 National Parks– Free admission on August 18th, 19th, and 25th Zoos– Free admission for Dad at select zoos on Father’s Day Museums-Many museums have free admission every day, but you also get free admission to select museums on July 4th and 5th as a Bank of America credit or debit card holder. Movie Rental-Free Redbox movie rental with confirmed email address. Food Free spaghetti or lasagna for Dad on Father’s Day at Spaghetti Warehouse Free chips and salsa for joining Qdoba’s reward program. Free hamburger ...

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Can Couples Save Money By Not Getting Married?

couples not getting married to save money

June has long been the most popular month for weddings. As couples are planning to walk down the aisle, hopefully, they are also planning their finances as a married couple. Not being on the same page financially is a reason many marriages don’t work out, but what if the happy couple does talk about money and determine that the numbers just don’t make sense. It is interesting to look at whether some couples can save money by not getting married. There was a good post at Retire By 40 recently about how it might be easier for single people to save money, but what about couples who don’t get married at all? We will assume that our theoretical couple cohabitates and is committed as if they were married.  Are there money benefits for avoiding a wedding? Marriage Tax Penalty For many couples, especially those with similar incomes, marriage increases income taxes. When married couples who file taxes jointly pay more in tax than they would have had to pay individually, this is know as the marriage tax penalty. For example, two people who each make $80,000 a year and file taxes individually would be in the 25 percent tax bracket, but ...

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When Being Cheap Costs A Fortune

being cheap costs a fortune

  In my day job, I’ve seen and heard some pretty amazing things. Some inspire me. Some make me smile. Some are down right tragic. It’s funny how a routine eye exam can bring up so many different topics of conversations, but one patient I saw last week was a sure reminder about spending money wisely. She certainly could be the poster child for when being cheap costs a fortune. I don’t claim to be an expert on health insurance, but I can usually look at a patient file and see when something doesn’t make sense. Most people over the age of 65 have Medicare Part A and B. Part A covers hospitalizations and doesn’t have a monthly premium if you paid Medicare taxes during working years. Part B covers doctor visits and outpatient care and costs $104.90 each month for people who are married and have family income less than $170,000 per year or for individuals making less than $85,000 per year. The $104.90 is deducted from social security payments unless you decline coverage. Medicare is the best deal going in health care if you ask me. The Cost of Being Cheap This patient was 71 years old, and ...

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