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prepper

Can You Be a Prepper and Be Budget Conscious?

Nearly all of us have seen a movie or television show depicting a prepper who stockpiles food and supplies for some future calamity. Sometimes that person chooses to squirrel items away in a basement or in odd places around their home. For those of us living in reality, however, this kind of propaganda may leave us wondering if storing such vast quantities of supplies and food is reasonable. For one thing, some of the food could potentially expire and go bad before it’s used. (Couponers have the same problem!) If this occurs it would result in a huge waste of ...

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Two Strategies that Professionals Can Adopt to Avoid Living From Paycheck to Paycheck

Many people now seem to believe that going to college, getting good grades, and securing a good job doesn’t necessarily translate into a life of financial freedom. Far too many professionals with good jobs are struggling with their finances and living paycheck to paycheck. In fact, you’ll be surprised that many professionals earning more than $250,000 actually struggling to get by financially. To start with, we need to acknowledge the basic expenses of food, shelter, clothing and taxes, which must be paid. The effective tax rate for someone earning $250,000 per annum is between 30% and 40%; hence, the actual ...

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4 Ways Keeping Up with the Joneses Hurts Your Budget

4 Ways Keeping Up with the Joneses Hurts Your Budget

If you thought peer pressure ended once you graduated from high school, you are wrong. Peer pressure is around us every day in the guise of keeping up with the Joneses. It exists at work, where you may have a snobby coworker who brags about her new car or the hundredth new shirt she just bought but doesn’t even need. But, the pressure to measure up and keep up with the Joneses doesn’t end there either.  It’s also present among family members and friends who try to impress and outdo you every time the family gets together. Unfortunately all of ...

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How to Use Bartering to Save Money

How to Use Bartering to Save Money

It’s been over a decade since one young Canadian man became somewhat famous for his ability to get a house for the price of a paper clip. How did he accomplish such a miraculous feet? He used bartering to trade up each transaction. If you aren’t familiar with the story, ABC news did a feature about it and it is quite an interesting story to read. When you first begin reading his story you may find yourself thinking that it must have taken hundreds of transactions for his to reach his goal. But in truth, it only took fourteen. What ...

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Starting to Invest? What You Need to Know

When you are young, retirement seems a long way off. When people tell you that you need to save for those years, it’s easy to ignore the advice. After all, you do not have much money to start with, and you need to be able to live today. Why think about tomorrow? The truth is that you are not going to be able to rely on social security to help you out in the future. For many years more has been paid out in social security to retirees than has been acquired through taxation. A back up of reserves had ...

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