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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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New and Exciting Tools To Help With Budgeting and Saving Money

Weekend at Canyonlands National Park

It’s been a crazy week and I’m really glad it’s Friday. Our latest rental property project is all done and we already have a tenant. All that is holding us back is the final inspection. Somehow the city doesn’t seem to realize that another day of delay means less dollars in my pocket, but what can you do? Since I’m not making any extra rental money today, maybe I can save a bit with some new and exciting tools to help with budgeting and saving money. Personal Capital Now Has Budgeting   I have been using Personal Capital for over a year now, and I really like their interface that gives me the ability to check all my accounts at once. I used Mint in the past, and like it as well, but Personal Capital is much, much better for tracking investments because it gives a terrific breakdown of account balances, portfolio allocations, and fees being charged. One big complaint about Personal Capital was that it didn’t offer a budgeting tool. Of course, you can do one on your own or use another website, but who wants to log in to a million different places? Well, Personal Capital got the ...

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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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