21 Gadgets Which Actually Save You Money

Posted by Home Morgage | Personal Finance | Monday 30 November 2009 6:18 pm

We are inevitably going to be divided into two groups — the people who can’t live without their gadgets, and those who believe that the saturation of gadgets in our everyday lives has simply made things more complicated. However, we can all agree that there is a place in our lives for the gadgets which can save us money and luckily, if you’ve ever thought “there should be something to help me do this better/faster/more easily/more cheaply…” then there probably is.

That’s because this is the 21st century, we’re living in the future and science fiction is now; whether you think gadgets are a necessity or a nuisance, there is no denying that there are gadgets out there which can actually save you money, not to mention time. Compiled here is a list of 21 gadgets which actually will save you money in the 21st century, so get out there and make the most of the future!

Money Saving Gadgets for Your Home

1. Low flush toilet

If you’re anything but mellow about the amount of water your loo uses, you may try and implore your family to remember to use the half flush as often as possible. However, to save even more water you can now take advantage of a specially designed low flush toilet. A low flush toilet will use around six litres of water for each flush, where a standard toilet uses double that amount. In cutting your water bill in half you’re sure to notice the immediate savings of this gadget.

2. Power usage meter

electricity usage monitorIt’s all very well to resolve to turn off more lights and use less appliances after you’ve received yet another inflated electric bill, but what if there was a gadget which could actually save you money before your next electric bill? Well all you need is an electricity usage monitor which you can plug into any electrical device in your home to see how much power it is really using. With this method you’ll soon track down the culprit who has been consuming the most power and you’ll be able to see right away just what that usage adds up to. You’ll also find that even when TVs and game consoles are not in use, they’re still using power if they are plugged in.

3. Solar panels & back to the grid

Solar panels have not been a hugely popular money saving gadget due to the often significant initial outlay for installation and setup. However, with global warming coming to the forefront of just about every political agenda in the world, many governments are offering grants and subsidies for homes which install solar panels on their roof. Once installed the solar panels start collecting all of that free energy to power your home. If your solar panels are able to collect more power than your home can use, and this excess power is sent back to the grid — you and your family can then actually begin to profit from your solar panels as you’re credited on your electricity bills for the electricity you have generated.

4. Energy saving light bulbs

compact fluorescent light bulbsNot too long ago, every new home built would be adorned with a smattering of flood lights, and adding these ultra modern lights were a popular way to update the look of an existing home. However, before long these home owners realized just how hot their flood lights were getting in their roof, and in turn, how much power they were using.

On the other hand, a fluorescent light bulb can run for hours without using anywhere near the same amount of power as a flood light, or even an ordinary incandescent bulb, but strips of fluro lights are not always an option. Luckily compact fluorescent light bulbs have been developed to fit into the same sockets and light fittings as an ordinary light bulb, saving the average home around $100 a year.

5. Programmable heating and cooling

A timer on your heating and cooling system is a great money saving gadget for your home as it means you can set and forget the climate control in your home, without it adding up to a massive power bill at the end of the season. Setting your heating and cooling to automatically turn off means you know your system will remember to turn itself off when you leave for work, or in the middle of a moderate night.

Programming your heating and cooling just a few degrees warmer in summer and a few degrees cooler in winter can also save you money. For example, in summer set your air conditioner at 24o C (75o F) instead of 180 C (64o F) because for every degree you raise the temperature, you can save up to 10% on your power bill.

Money Saving Gadgets for You

6. Space heating

Space heaters are a great money saving gadget — the theory is sound too. Heating (or cooling) just the space you are in at the time is going to significantly reduce your power bill at the end of the month. But, before you race out and get a space heater, why not simply select the room you are in at the time on your ducted heating system, rather than heating every room.

7. Filtered water

Filtered water may seem like a hassle to organize but when you add up the $2 or $3 for each bottle of water you buy over a week or month, you’ll soon realize you don’t need to be paying for that convenience; especially not when there are so many water filter gadgets out there to save you money.

There are filter jugs which you fill up from the tap and store in the fridge, from which you can fill drink bottles before you leave for work or school. There are also gadgets such as filter water bottles, with the water filter inside, so you can fill up anywhere, anytime. Or, if you’re looking at buying a new fridge, some will even come with water dispensers which filter the water inside, for the ice and water dispensers in the door.

8. Slow cooker

Slow cookers belie their name as they are so quick and easy to use. A simple combination of ingredients before you leave for work in the morning and you have a healthy and filling meal waiting when you get home. There are always going to be plenty of nights you don’t feel like cooking and if you need to feed a large family the thought alone can be enough to drive you to the drive through.

However, a small initial investment can save you hundreds of dollars every month in take away food, not to mention you and your family will be healthier for the switch. Plus, slow cookers thrive on inexpensive vegetables and the cheaper (tougher) cuts of meat.

9. Blender

Once you have a blender on your kitchen bench you will find hundreds of ways for this gorgeous gadget to save you money. For example, a night out at a cocktail bar is likely to cost each person around $100 (if not more) for drinks, entry to the club and a taxi home. However, a girls’ night in with a blender and the shared cost of a few bottles of liqueur is going to be a lot more fun, and a lot cheaper.

Or you can whip up a huge batch of soup — blend up your affordable vegetable ingredients once they’ve cooked together and freeze batches of soup to save on endless cans from the supermarket.

10. Solar party lights

If you’re having a party at your place you want to ensure the right atmosphere, so you may be thinking of splurging on a collection of fairy lights. However, solar garden lights can light up your night for much less, as they have charged themselves from the sun during the day. You can also choose flattering soft solar lighting to achieve a fairy like atmosphere for your backyard parties.

Money Saving Technology

11. High efficiency appliances

While rushing out to replace your appliances isn’t the best way to save money, when it comes time to replace a tired appliance, make sure you look at the energy ratings listed. On appliances such as fridges and televisions the energy rating will be in kilowatts per year and you can calculate how much you will save with a more efficient appliance, by remembering that one kilowatt equates to around 20 cents per year on your power bill.

On appliances such as washing machines there will be both a water and power rating and again, look for low usage machines. You also don’t have to do without a dryer to save money as these previously energy hungry hot boxes have experienced a revolution. For example, the Spin-X dryer uses centrifugal force to dry your clothes quickly and efficiently. It rotates at 3,300 rpm and is able to remove a quart of water from your clothes using the same energy a regular dryer uses in just the first 15 seconds.

12. Shower head

low-flow-showerheadUsing a more water efficient shower head will not only save you water, but also power. A water saving shower head can save the average household over 50,000 litres (13,200 gallons) of water a year, that’s water which isn’t going down the drain, and water you’re not paying to heat.

13. Power boards and strips

Plugging in your computer for example also requires powering up your monitor, your internet router, your printer, scanner…and the list goes on. Therefore, by hooking your computer hard drive into a Smart Power Strip power board, you can plug everything else you need at your desk into the supplementary plugs, in this way when your computer is on so are the other devices and when your computer is off, the other devices power off too.

Similarly you can use a remote control power strip which means that you don’t have to navigate your way to the back of the TV each night to turn everything off, nor are you tempted just to leave your TV, DVD player, speaker system and games console turned on. A simple remote control turns everything off and saves you paying for your appliances on standby.

14. TiVo

Paying for a gadget which brings you more TV, more often to suit your schedule may not sound like it’s saving you money. However, when you no longer have to buy DVDs or movies and don’t have to trek to the video store (and try and avoid those late fees) TiVo is a gadget which can actually save your family money.

15. LED TV

samsung led hdtvOne of the major complaints about flat screen televisions was the amount of power they used, and how hot they became while running. To combat this power consumption, Samsung have created a TV which really will save you money on your power bill. The Samsung LED range of televisions use up to 40% less power than an ordinary flat screen television of a comparable size.

Money Saving Gadgets for the Office

16. Coffeemaker

If you are looking for a way to save your office money, or perhaps you work from home but miss that delicious caffeine hit from your favorite cafe, invest in a coffeemaker to save you money at the office. If you and your staff are heading out of the office two times a day to pay $3 to $4 for a coffee, with a coffee machine in your office you’re not only going to be saving time in leaving the office, you’ll also save your staff money. If you still want to charge your staff, you can even begin to profit from a coffee machine at work as a 50 cent deposit will more than cover the cost of the beans, while your staff get a quality coffee without trekking across town.

17. Social savings

Let’s face it anyone who is in front of the computer for any length of time is inevitably going to gravitate towards their Facebook page, or feel compelled to check Twitter, eBay or even post to a blog. Well to save time, and therefore money, in the office, there are a number of gadgets you can download to streamline your social life on your computer.

For example, Vista allows a download in which you can drag and drop photos into Facebook, there is also an eBay Account Watcher application which can keep track of all your items on your desktop. You can also download an application to allow you to upload to your Blogger account straight from your sidebar, and the Twadget allows you to tweet from your desktop too.

18. Clipboard history

Saving you more time and money is the clipboard history download for Vista. If you often copy and paste and copy and paste, this program saves your clipboard pastes so you can find them quickly and easily if you need to reuse them.

19. Memory saving

Your Vista sidebar can also keep a track on your recently opened documents in a neat list on your desktop. This gives you quick access to what you were doing this morning, what you need to be doing, what you’re doing now…

20. Laptop

Laptops can now function in the same way as an ordinary desktop computer and can therefore easily replace the space and power consuming box on your desk right now. Laptops can use on average around half of the power of a desktop setup and can run for hours and sometimes days on just their battery power.

21. Gadget insurance

If you stopped to think about it, you would probably be surprised by the amount of gadgets you already have, and how many of them you take with you every time you leave the house. Now think about how much you would have to spend to replace all of the gadgets you have with you right now if your handbag or briefcase was stolen, or even if you just lost your phone or laptop bag. That’s right, it adds up to a lot, but there is a way to save money on replacing your gadgets.

It’s also not just your own absentmindedness you have to worry about, but also the savvy thieves who know how much your handbag is really worth with your phone, iPod and laptop stashed away, and just how much personal information you carry on these gadgets.

There are a range of ways you can insure the gadgets you have with you right now, and even the ones which are at home saving you money on your power bills. Often it is very affordable to include your gadgets on your household insurance and some policies will even include coverage for items damaged or lost outside of your home, on the same policy; you may already have insurance for some or all of your gadgets, but wouldn’t it be worth checking, for your peace of mind, and for the money you can save in replacements in the future.

Relevant Articles You May Like

This post was written by Fred


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Turkey Recipes: Stretch Your Holiday Dollar With Turkey Leftovers

Posted by Home Morgage | Personal Finance | Sunday 29 November 2009 6:18 pm

While I always loved having turkey with my family each year, I dreaded the days that followed. It is my firm belief that the reason turkey is primarily consumed at only three times of year (Thanksgiving, Christmas, and Easter) is that the thought of more than three weeks of turkey leftovers per year turns the average American’s stomach. It doesn’t have to be this way though! One of the primary reasons turkey leftovers get boring is because you end up eating the same meal every day for a week. Trying a few of the following recipes will use up your leftovers, and give your palate a kick.

turkey recipe

Photo by rexipe via Flickr

Recipes

The Beloved Turkey Sandwich

The usual problem with the turkey sandwich is it can be plain and dry by day 2, let alone day 5. The best thing to do is jazz it up. Take a cue from Capriotti’s Bobbie, which is layered with pulled roast turkey, cranberry sauce, and stuffing. I like my turkey sandwich with layers of cranberry sauce and cream cheese for moisture and taste.

Turkey Fajitas

Sautee some onions and peppers with chili powder, mix in some white meat to reheat, and serve with cheese tortillas and sour cream for a completely new meal.

Turkey Chili

If you start with a standard red bean chili, either made from scratch or a can, shred in some dark turkey meat and simmer for 10-15 minutes. It’s easy to layer over stuffing or mashed potatoes, and is excellent with all of your standard chili toppings.

Turkey Pot Pie/Shepherd’s Pie

This is especially easy if you have leftover pie crust or mashed potatoes. Fill the pie with turkey, vegetables, gravy and maybe cream of chicken soup or cream of mushroom soup, depending on your taste. This meal can be baked immediately or frozen for later. The shepherd’s pie is the exact same ingredients, but without pie crust. Instead, you put a layer of mashed potatoes and cheese across the top.

Turkey Soup

With chicken or vegetable broth, some chopped up veggies and leftover turkey, you can make a “turkey” soup in no time.

Sweet Potato Frycakes

Blend your leftover sweet potatoes in a mixer with a little bit of flour and egg. When you have a batter like consistency, fry them up in a sautee pan. You can always top with a little bit of melted marshmallow or pepper jelly for a great kick.

Ham and Cheese Crescent Rolls

If you have leftover crescent roll dough, roll it with lunch meat and cheese before you bake it. After they’re cooked, they’re great for any meal, hot or cold.

A Note on Storage

Don’t settle for dry turkey! Now if the turkey started out dry, there isn’t a lot you can do to help. However, to preserve your moist turkey for the days to come, I recommend investing in some sort of food vaccuum system. It doesn’t have to be expensive; Foodsaver now makes an excellent handheld unit, that pays for itself rather quickly if you buy in bulk. Basting your turkey with leftover broth, au jus, or gravy before it goes into the vaccuum can preserve taste and moisture.

In Conclusion

The truth is, turkey can substitute for poultry in many of your standard recipes. The unending week of repeat turkey dinners is usually a result of our Triptophan induced lack of imagination. As long as you keep it moist, it can wait in your freezer for you to be ready to enjoy, not forcing an entire week of the same meal upon you.

Relevant Articles You May Like

This post was written by A.B. (Staff Writer)


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Be Thankful This Thanksgiving

Posted by Home Morgage | Personal Finance | Tuesday 24 November 2009 9:18 pm

It’s easy to be down in the dumps these days. The economy is bad, and may or may not be improving. Unemployment remains high, savings account interest rates low, and the stock market shaky. It’s getting colder outside, which some people (ok, me!) may hate. And yet, there is much to be thankful for. If you’re reading this, you have access to a computer and the internet – while that may seem normal to you, it makes you very lucky by some standards. The very fact that you are reading this or other personal finance blogs means you are trying to improve your financial situation, regardless of what it is right now. Be thankful for the fact that you are making a step in the right direction. As recently as 2005, median income worldwide was about $1,700, and average income of individuals living in “rich” countries was $35,000. If you’re doing better than that, or even if you’re close – be thankful.

give-thanks

Photo by daveparker via Flickr

2009 was a rough year for a lot of people, and you might be struggling. But maybe 2010 has better things in store for you. Be thankful for the chance to take a deep breath on January 1 and resolve to make this year better. Be thankful for the chance to hope. Be thankful for the people around you, who support you in whatever it is you are facing. Many of us wish we had just a little bit more, or that our lives were, somehow, just a little bit better. But this year, try hard to stop focusing on what you don’t have – and instead be thankful for whatever it is you do have.

What I’m thankful for

This Thanksgiving, I’m thankful for the opportunity to write for this blog and share my thoughts with all of you. I’m thankful for the fact that the CFP exam is behind me, along with the associated late nights of studying…even if I won’t know the results for a few weeks! I’m thankful that I have a job that allows me the time and money to do the things that are important to me. I’m thankful for my education, my health, for a roof over my head and food to sustain me. I’m thankful for the fact that I have not one, but two places where I feel comfortable and can call home – one with my family in Texas and the other where I currently live in DC. I’m thankful that at 23 I still have all four of my grandparents. Most of all, I’m thankful for my parents, my boyfriend, my brother and the other family members and friends who show me unwavering love and support every day.

Give thanks

If you feel like you were given something to be thankful for in 2009, show your thankfulness. It could be as simple as writing a nice thank you note to someone who perked you up on a bad day, or calling up a friend who pulled strings to get you a job interview.  If you feel generally blessed by a relatively carefree day-to-day life, consider showing your gratitude by “paying it forward” – spend some time mentoring a younger person, donate some clothes or things you no longer need, make a contribution to your favorite charity, or volunteer to serve others through an organization in your community.

This year, I will certainly be celebrating with a turkey and all the fixings – but I’ll try to also spend some time reflecting on the many blessings I’ve been given, and think about how I can make life a little better for someone else in the upcoming days. I hope that you will do the same! Thanks for your support of the Moolanomy community – and Happy Thanksgiving.

What are you thankful for? Tell us in the comments!

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This post was written by Jill (Staff Writer)


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Copyright © 2007 – 2009 Pinyo B. This feed is provided for the convenience of Moolanomy’s subscribers. You are not allowed to reproduce the content within this feed in any manner.

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How Much Debt Is Too Much?

Posted by Home Morgage | Personal Finance | Monday 23 November 2009 9:18 pm

While there are many different opinions as to how much debt is too much, the two ratios below are the most widely used measures of how much debt is manageable. These ratios are also known as “debt-to-income” (DTI) ratios.Many of you are reading this and other personal finance blogs in an attempt to dig out of debt. Others are reading to improve their financial stability so as to avoid taking on future debt.

credit cards
Photo by Andres Rueda via Flickr

But sometimes, debt is inevitable. For instance, most people are not in a position to purchase a house with cash. If you find yourself needing to carry housing, auto, student loan, credit card or other debt, it is important to make sure that you do not get in over your head with debt payments. After all, you need to use the majority of your income for current living expenses as well as saving for the future.

Housing Ratio 1: Front End DTI Ratio

Housing Ratio 1, or the “front end” DTI ratio, measures the ratio of your housing costs to your gross income. To calculate it, add up your total housing costs (mortgage principal, interest, insurance, and taxes) and divide that total by your gross income. If you rent, your housing costs are simply your rent payments plus any insurance premiums. Condo or co-op owners should include any fees. You can consider housing costs and income on a monthly or annual basis – just make sure you use the same time period in both the numerator and the denominator!

Here’s the formula written out:

(Mortgage Principal + Interest + Insurance + Taxes + Fees)/(Gross Income)

The standard target for this ratio is less than or equal to 28, meaning that your total housing costs are no more than 28% of your gross income.

Housing Ratio 2: Back End DTI Ratio

Housing Ratio 2, also known as the “back end” DTI ratio, measures the total ratio of your housing plus all other debt payments, including those for credit card debt, student loan debt, auto loans, etc. To calculate it, take the numerator from Housing Ratio 1 and add all other payment amounts. Again, you can do this on a monthly or annual basis, then divide the total by either your monthly or annual gross income.

The formula for housing ratio 2 is:

(Principal + Interest + Insurance + Taxes + Fees + CC payments + Student Loan payments + Other payments)/(Gross Income)

The standard target for this ratio is less than or equal to 36, meaning that your total housing costs and other debt payments are no more than 36% of your gross income. Note that the combination of the two ratios means that your non-mortgage debt payments should be no more than 8% (36% – 28%) of your gross income. For a person with an annual income of $40,000, this amounts to $3,200 per year, or less than $300 per month.

How Debt Ratios Are Used

Mortgage lenders will use these ratios when qualifying you for a new mortgage or a refinance. In the past, they might have increased your interest rate if your ratios were higher than the targets. These days, with credit being as tight as it is, lenders are sticking to the traditional ratios

Banks and other private or institutional lenders may also check these ratios before extending credit, or use them to limit the amount of credit they are willing to qualify you for. You can use them to check whether you have too much debt, as seen by the housing and finance industries. You can also solve backwards to see how much debt you can reasonably “afford” to take on – and how big of a mortgage you can truly handle. This will help you avoid buying “too much house.”

Improving your ratios

If you run the numbers and your personal ratios fall outside the above targets, you can take steps to improve them. Start by making a commitment to stop taking on new debt. Then formulate a plan to pay off your consumer debt. Next, consider refinancing your mortgage or downsizing your house to lower your total housing costs. Finally, look for excess cash to maximize your debt payments.

How do your ratios match up to the targets? Let us know in the comments!

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This post was written by Jill (Staff Writer)


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How To Resolve IRS Tax Debt

Posted by Home Morgage | Personal Finance | Sunday 22 November 2009 6:18 pm

If you pay estimated taxes, you may find yourself facing a tax debt when you come to fill in your tax return. As estimated tax payments are predominantly based on your income for the previous tax year, you can easily be crippled with a tax bill that is more than you anticipated if your income rises. If this happens to you, how can you cope with an unexpected tax bill that you probably won’t have budgeted for?

6 Tips To Help You Pay Off Your IRS Tax Debt

Don’t Postpone Your Tax Return

It’s tempting to hold off on sending your completed tax return so that you have more time to scrape together the cash to pay your tax debt. In reality, this is a bad move as it signals to the IRS that you are looking to evade paying your taxes. While this may be completely untrue, it’s best not to give the wrong impression as the IRS can choose to prosecute you if they feel that you are purposefully dodging tax payments.

Don’t Bury Your Head In The Sand

Getting in touch with the IRS might seem like a scary prospect, but it’s a necessary step if you’re having problems paying your tax debt. Once they are aware of your situation, they can offer advice on the repayment options that are available to you. After all, their main priority is receiving the money that you owe them! That said, it can be difficult to enter into negotiations if you don’t fully understand tax matters and this can result in you agreeing to repay more than you can afford to. To reduce the risk of this happening, you may want to think about hiring a tax professional who will offer a free consultation on how best to set about negotiating with the IRS.

Prioritize Tax Debt Versus Other Debts

A tax debt should be considered a bigger priority than any other debts that you may have. If you usually throw more than the minimum payment at credit cards or loans, try stepping down to the minimum payments until you’ve paid off your tax debt. It may not put you in the best position, but the IRS will expect you to pay back your debts to them before you pay back your debts to other creditors.

Consider Your Payment Options

Unless you don’t have any alternative options, avoid taking out a loan to pay off tax debts. Most loans are coupled with extortionate interest rates that will result in you paying back a good deal more than you owe to the IRS. Using a credit card to pay off the tax debt in one go can be a better option, but make sure that you have the means to pay this off at a later date or you can quickly become saddled with high interest fees there too. If your tax debt isn’t too high (for example, if it’s less than $1,000), you may want to consider borrowing money from friends or family. In most cases, you won’t be charged ridiculously high interest charges on top of the original loan and the repayment terms can be much less stringent.

Streamlined Installment Plans

This option allows you to spread your tax debt across five years (plus interest) as long as your overall tax debt does not surpass $25,000. If you think that this applies to you, you can submit an Installment Agreement Request Form (Form 9465), which the IRS will use to determine whether you are eligible. Alternatively, you can apply online via the “I Need To…” section of the IRS website  and selecting the “Set Up a Payment Plan” option.

If you are approved for a streamlined installment plan, it won’t come free. Successful applications are subject to a fee of $102 if you intend to pay by check, money order or credit card, but this falls to $52 if you opt for the convenience of monthly direct debit payments. This option does not automatically exempt you from late charges and interest, so this is worth bearing in mind if you anticipate struggling to cover these.

Generally speaking, the IRS are likely to approve your application if you meet the following requirements:

  • You have previously filed your tax returns on time and paid all income tax that was due
  • Your tax debt does not exceed $10,000
  • The IRS deems that you cannot repay your tax in full by the deadline
  • You agree to repay the tax debt within three years for a guaranteed streamlined installment plan, or five years for a streamlined installment

In Compromise Agreements

If you are experiencing severe financial difficulties and have no real means of paying your tax debt, you can fill in an Offer in Compromise Form (Form 656). Not everyone will be eligible, as you have to be able to prove that you are in financial difficulty to be approved. The ‘compromise’ aspect of the agreement involves offering either a lump sum or a series of fixed payments based on how much you can afford to offer. It’s not uncommon for successful applicants to take a loan from friends or family members so that they can put forward a lump sum to reduce future interest payments.

Whichever payment offer you request, there are certain conditions attached. For example, offering a fixed lump sum means that the rest of the tax debt must be paid in a maximum of five further installments, with the lump sum being sent with the form. Requesting the short term periodic payment option requires the full amount to be paid within 24 months of your offer being received by the IRS, and your first payment must be sent with the form. Typically, each payment should be made on the same day each month. Requesting the deferred periodic payment option does not set a deadline for your due tax to be repaid, but it does require regular monthly payments to be made. As with the previous option, your first payment must be sent with the form.

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This post was written by Sally Acquire


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Pocketsmith Review and Giveaway

Posted by Home Morgage | Personal Finance | Thursday 19 November 2009 6:18 pm

PocketSmith is an online personal finance management tool with some unique features. It features a calendar that allows you to add events, multiple calendars, and forecasts how much cash you will have over the next year. Like other personal finance or budgeting sites, you upload transactions to the site from various accounts and are able to see all your transactions in one place. Combining personal finance budgeting software with calendars and the forecast graph creates a unique view of your money. Instead of focusing on the past, PocketSmith allows you to focus on your future.

pocketsmith logo

PocketSmith Review

Opening an Account

Opening an account is a simple process. You need a valid email address, your name, and a password. there are 3 levels of accounts: Free, $5/month, and $12/month. Unsure if you’ll like it? Try out the free version. For most people the $5/month option is the right fit. For info on what the various plans include, read more at PocketSmith.

pocketsmith forecast calendar

Once signed into your account you will be able to view the “home” page. There are some directions on what to enter, and if you have trouble you can always click on help for FAQs or use the contact form for help. The process of setting up events and calendars was straightforward.

pocketsmith edit expenses

Highlights

  • The forecast graph: This allows you to see where your projected budget is going. It’s a great way to set a budget and see how quickly you can attain your goals by sticking to your projections. It’s instant gratification to see that number reach 5 or 6 digits.
  • Sharing calendars: Sharing your calendar with your spouse is an easy way to keep track of joint accounts. You can subscribe to calendars with a simple link that PocketSmith provides.It is possible to track donations, or an expense account.
  • Ease of use: While PocketSmith has a nice user interface, the beauty is in the ease of use. The ability to make expenses recurring over a month, or even a number of days made tracking bi-weekly pay easy.

PocketSmith Giveaway

3 lucky winners will receive the Premium Level Membership (valued at $60) to PocketSmith which includes:

  • Unlimited budget events
  • 5 forecast calendars
  • 12 months of forecast
  • 8 transaction accounts
  • 6 months transaction analysis
  • CSV and PDF analysis

Details

  • Must be over 18.
  • Must have valid email address.
  • Prize winners must send a reply email with their contact information within 48 hours of winners being announced (public announcement will be made via Moolanomy Fan Page on FaceBook).
  • Up to 3 chances to win per person, but a person can only win once.
  • 3 winners will be chosen .
  • Deadline is December 11th midnight.

Three Ways To Enter

And do all three to triple your chance of winning!

1. Leave a comment with an answer to the following question

Why do you feel you would benefit from using PocketSmith?

Hint: It will be easier to answer this question if you try out the Free version first.

2. Follow @Moolanomy and @Pocketsmith on twitter and tweet about the contest using #PocketsmithGiveaway.

  • For example: “Enter to win a year long premium membership to @Pocketsmith via @Moolanomy http://bit.ly/4CpaVi #PocketSmithGiveaway”.

3. Become a fan of Moolanomy on Facebook.

Good luck! If you use PocketSmith currently, or have tried it, tell us what you think in the comments.

Disclaimer: The reviewer received a Premium membership that is good for one year for the purpose of this review.

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This post was written by Kelly Whalen (Staff Writer)


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Copyright © 2007 – 2009 Pinyo B. This feed is provided for the convenience of Moolanomy’s subscribers. You are not allowed to reproduce the content within this feed in any manner.

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How To Have A Wonderful Yet Frugal Thanksgiving

Posted by Home Morgage | Personal Finance | Wednesday 18 November 2009 6:18 pm

Thanksgiving is only a few days away, and for some of us, financial concerns are more prominent this year than any other years in the past. However, that’s not what Thanksgiving is all about. Regardless of your financial means, you could have a wonderful and inexpensive Thanksgiving. In this article, I am going to cover various aspect of Thanksgiving celebration and share some ideas with you. Hopefully, you can find a fun and frugal way to enjoy yours.

thanksgiving-dinner

Photo by EraPhernalia via Flickr

The Place

Where you celebrate the holiday will determine whether it’s a fairly inexpensive day, or the one that breaks the bank. The biggest cost for most people is travel. To keep the costs low, here are the places you might celebrate from cheapest to most expensive.

  • Friend’s house: If you are getting together with friends, offer to share cooking duty. Bring a dish or a bottle of wine.
  • Home: Probably the toughest option if you are having lots of company, because you have to get the house clean AND cook. This nice thing is that there is no travel cost and you get to take a nap in your own bed as soon as the Tryptophan kicks in.
  • Family member’s house: This can be fun, or fraught with family craziness. Be sure to lend a hand with the dishes, and compliment the cook. If you live far away, the cost of this trip could be the most expensive part of the holidays.
  • Catered Meal: Not fond of cooking? Catering a meal, or getting prepared foods for part of the meal may make sense.
  • Restaurant: Eating out is the easiest choice, but likely the most expensive.

The Meal

Your choice of menu has a big impact on the budget. Some ideas for saving on your holiday meal:

  • Stick with the basics: Turkey, potatoes, cranberries, rolls, and 1 or 2 other sides. By not going overboard with 3 kinds of potatoes, a turkey AND a roast you will save a ton of cash.
  • Vegetarian/vegan offerings: If you are a vegetarian or vegan or have one attending your meal, don’t panic. There are several easy ways to incorporate a vegetarian offering into the meal with breaking the bank. An easy and yummy centerpiece is stuffed squash, or you could try this delectable recipe for rosemary/sweet acorn squash.
  • Something different: Don’t like the traditional Thanksgiving offerings? Why not try something different.  I asked on twitter about non-traditional Thanksgiving meals and people mentioned dishes such as Mexican food, or potpie in place of the traditional Thanksgiving meal.

If you’re hosting:

  • Plan the menu: Menu planning is the key to a successful holiday meal. I love these complete menus from Martha Stewart.
  • Take it one step at a time: I love this article called Thanksgiving Made Easy on Martha Stewart. It’s step-by-step instructions for what to do and when!

The Decor

If you have china and silver, Thanksgiving may be the only time you use it! Consider paper plates if you have a large crew. If you’re concerned about the environmental impact, you can find recycled paper plates or even biodegradable plates that can go right in your compost bin.

pear placecard holderSome of my favorite crafts and decorating are for the Thanksgiving table. Filling vases with acorns, leaves, or dried flowers are always beautiful.  Martha Stewart has a ton of great crafts for the table, including these cute pinecone turkeys as place-card holder. My favorite easy placecard holder is her idea to tie a small piece of twine with a name on it to a pear. You could use any small fruit or even a mini pumpkin.

The Deals

To find the best deals on food check your local grocery flyers. Now is a good time to shop for canned goods, frozen veggies, and vegetables that keep well like potatoes and yams.

Many stores offer a free turkey if you purchase a certain amount of groceries over a few weeks. Usually they require that you sign up for their “bonus” or “club” card. Even Discover Card is offering 5% cashback bonus for grocery stores and restaurants (note: you have to sign up for the 5% cashback program).

Walmart is also offering a $20 deal for everything you need for Thanksgiving dinner. It’s meant to serve 8 and includes:

  • One 12-pound Grade A turkey*
  • Three 11 to 15.5-ounce cans Green Giant vegetables
  • Two 14-ounce cans Ocean Spray cranberry sauce
  • Three 6-ounce boxes of Stove Top stuffing
  • One 5-pound bag of red potatoes
  • One 12-count package of Sara Lee dinner rolls
  • One 22-ounce pumpkin roll cake

To order catering, or find tips, and recipes from Whole Foods Markets check out their holiday website.

Thanks and Giving

Now that you’ve planned your feast, you might consider being thankful for what you have by giving some time to others on Thanksgiving. How can you give your time, money or donations? Here are a few ideas to get you started:

  • Google your city+Thanksgiving+volunteer to find any events that are going on in your local area.
  • Talk to you local church, synagogue, or mosque. Many have Thanksgiving events yearly.
  • Call your local food bank. They will be able to tell you what kind of help they need.
  • Donate food to a local shelter, or food bank
  • Check Volunteer Match for opportunities to volunteer in your local area.
  • Remember that Thanksgiving is not the only time of year that people need help. If you can find a small amount of time each month to offer, it can be very rewarding.

Hope you have a wonderful Thanksgiving. Share what your plans are in the comments.

Relevant Articles You May Like

This post was written by Kelly Whalen (Staff Writer)


Do you have a financial question? Ask it now at Moolanomy Answers!

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Copyright © 2007 – 2009 Pinyo B. This feed is provided for the convenience of Moolanomy’s subscribers. You are not allowed to reproduce the content within this feed in any manner.

Please visit Moolanomy Personal Finance Blog, Moolanomy Finance Directory, and Moolanomy Answers for more great content.



Source: Moolanomy Personal Finance

Help Yourself, Not The Economy

Posted by Home Morgage | Personal Finance | Tuesday 17 November 2009 7:18 pm

There is a tug of war going on over your money right now.  When you sit down and think about it, you know that you should save your money, pay off your debt and provide for your future.  Unfortunately there are other forces coming after your money.  Not only do you have to deal with the regular advertisements that do everything possible to get you to part with your money in exchange for a shiny new gadget, but now you have to deal with an even bigger force: the U.S. government.

empty-pocket

Photo by stuartpilbrow via Flickr

The U.S. government has declared war on saving since the recession began.  Why?  Because our economy is dependent on consumption and savings means that people are not consuming.  While saving would be very positive for our economy over the long term, it is disastrous for an economy structured like the American economy.

Incentive to Spend

The government has enacted multiple programs to try and get you to spend your money.  Cash for clunkers was an encouragement to spend money on cars, the first time home buyer credit was an attempt to get you to spend money on a house, Cash for appliances is a new program to get you to buy new appliances.  Whether you need another car, a new house, or a new appliance is irrelevant.  Our leaders need you to spend money so that the economy gets a short term boost and they can potentially get re-elected.

Government incentives to spend money are a terrible plan in my opinion.  While I wish the government would not be involved in the economy, if they are determined to do so, why not incentivize job creation through something like “Cash for Jobs”?

Help Yourself

Unless you have been planning on buying a car, home or appliance for some time and have saved for it, I strongly encourage you not to take advantage of these programs.  Instead, help yourself, and fund your retirement or your emergency fund or get rid of your current debt.  These are the pathways to financial security, not a shiny new car.

Unless Americans start to get their personal balance sheets back in order, many Americans will not be able to fund their own retirements.  The retirement that many envision will simply be unattainable for many people due to the lack of financial planning throughout their lives.  Don’t let that be you.  Start today and put money away towards your future.

Saving Will Help The Economy

Unfortunately, there is a common consensus that we need to get people to spend again to save the economy.  The reality is that we need people to save so we can save the economy.  Our economy has structural flaws and needs to be restructured.  A drastic drop in consumption would force this restructuring.  While there will be short term pain (a bad recession), a restructured economy based on savings and production will provide the opportunity for sustainable growth over many years.

The American economy has systemic and structural issues not because of a lack of spending but because of too much spending.  Be smart and start saving money.  Lots of it.

Americans need to view their money as capital, not as a ticket to spending.  Their capital can be allocated in multiple ways.  It can be allocated towards their future, towards investments, towards necessities (such as food and shelter) and it can also be allocated towards lifestyle.  The problem is that Americans have been allocating their capital towards speculation and lifestyle for far too long.

Remember, your spending will help the U.S. economy this year and next, but it won’t help you.  Help yourself, not the economy.

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This post was written by Kevin (Staff Writer)


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Copyright © 2007 – 2009 Pinyo B. This feed is provided for the convenience of Moolanomy’s subscribers. You are not allowed to reproduce the content within this feed in any manner.

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Holiday Shopping: Tips for Black Friday and Cyber Monday

Posted by Home Morgage | Personal Finance | Monday 16 November 2009 7:18 pm

Chances are, you are already planning your holiday shopping. You might even be looking ahead toward Black Friday and Cyber Monday. With retailers still trying to lure customers into spending, this year offers the potential for some great deals on the biggest shopping days of the year. Here are some shopping tips that can help you get through the mess and score the deals.

black friday shopping

Photo credit: Wikimedia Commons

Black Friday

This day is famous for ridiculous door-busters, long lines and emergency room visits by the trampled. While there isn’t much you can do to avoid the frenzy (other than stay home, of course), there are some things you can do to make your own shopping experience a little less harried:

  • Make list: In any shopping maneuver, a list can help you plan ahead and shop more efficiently. Look through sales fliers and check out www.black-friday.net for information on which stores are offering what deals. Then you can prioritize the items on your list, and plan out a route according to what is most important to you. Also list any coupons you have that can be used to further reduce the prices of desired items.
  • Visit the store the day before Thanksgiving: After you know what you are looking for, visit the stores ahead of time. Familiarize yourself where the desired items are located in the store. Make friends with a sales associate to find out if there will be additional discounts, or if you can reserve something ahead of time (for most doorbusters, though, associates aren’t allowed to do this).
  • Leave the uninterested home: I have absolutely no desire to go out on Black Friday. Rather than tow my son and I grumpily through the crowds, my husband — who enjoys shopping — goes early by himself. He’s also more mobile on his own, and moves faster.
  • Coordinate with other shoppers: Compare lists with friends and relatives. You can help each other shop by assigning different people to different stores. You can also use cell phones to aid in coordination, but be warned: Your intended recipient may not hear the phone in the noise, or may not have enough free hands to answer a text.
  • Avoid distractions: Make sure you focus on the sale items you want. Avoid distractions in the form of non-sale items and sale items that you really have no use for. The point of the Black Friday shopping exercise is to get in, get what you want, and get out — without paying full price.

Finally, try to be a considerate shopper. It can be difficult to do so, but make an effort to avoid the stampede. Try to help those that are down by standing up straight, planting your feet firmly and putting your arms out in front of you to create a pocket of relatively safety. You may not get the exact item you are looking for, but your dignity and conscience will be intact.

Cyber Monday

The rise of the Internet has given us a new big shopping day. Cyber Monday follows Thanksgiving as well, and is the busiest Internet shopping day of the year. While you can get a jump on the deals by coordinating with friends and family, visiting www.CyberMonday.com, or by signing up for the email lists offered by your favorite stores, most of the tips for surviving Cyber Monday are about online safety. Cyber Monday is one of the biggest days for ID thieves and hackers, and you need to be on your guard. Here are some tips for protecting yourself while shopping on Cyber Monday:

  • Update your computer protection: Make sure that your online security software is all updated. You want your anti-virus, firewall, and anti-spyware software all as it should be, and set your security to at least medium.
  • Go directly to the store’s website: Don’t trust links in emails, even if you think the email comes from a mailing list you signed up for. Instead, type in the URL of the store directly. This can help you from entering personal information on a bogus site designed to steal your ID. Visit the stores ahead of time to verify their web addresses. You can even bookmark them for easy access on the big day.
  • Don’t send personal information via email: Never send payment information, Social Security Numbers or other sensitive via email, no matter who asks for it. Reputable banks and retailers won’t ask for you to email them this information. Again, don’t enter information, such as logins, passwords or other personal information, into a site that you linked to from an email. Type the known address directly.
  • Properly log off: When you are done with a transaction, completely sign out of your account. Clear your cookies and close the window. This might take a few extra seconds, but it can help protect you from unscrupulous third parties.

In the end, how well you do on Black Friday and Cyber Monday depends on good planning. Do what you can ahead of time to prepare, and you will get through your shopping faster, and probably enjoy a more cost-efficient experience.

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This post was written by Miranda Marquit (Staff Writer)


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Tips On Buying A New Computer

Posted by Home Morgage | Personal Finance | Sunday 15 November 2009 7:18 pm

A computer these days is almost a necessity for everyone, and an expensive necessity at that. Whether for fun or for work, it is not uncommon to see multiple computers in a household. More and more people are even purchasing laptops for their size and convenience. Purchasing a computer can be tricky and intimidating with all the jargon salesmen might throw out at you when in the store. With such an expensive purchase, you want to be precise and happy with your buying experience.

Macbook Pro laptop

I had a Gateway laptop going into college and used it all the time for school, work, music, and games. After 5 years though, the computer had it, and was so outdated that it became almost unusable. As a result, I decided it was time to buy a new one.

Four Computer Buying Tips

Here are 4 tips when buying a new computer and the process I used when buying mine.

1. Decide What Kind

This may be the biggest decision and can also affect the costs, depending on if you want a desktop or laptop. If it is going to sit in a permanent location at home and be used by multiple people, a desktop may be your best bet for price and performance. If you want something smaller or something you can travel with, a laptop may be for you. I decided I was done with PC’s and still wanted a laptop so I went for the MacBook Pro. Even though more expensive then a PC, it is more efficient and less virus prone.

2. Save Money

Buying a computer is very expensive and an item you probably will need to save up for in order to purchase. Creating an online savings goal may be the best way for you to keep organized and on track with your savings progress. You can contribute money over time until you reach you goal. BudgetPulse has a new savings goal function that is perfect for this (Disclosure: I am the Marketing Director of the BudgetPulse). You also have the ability to make the goal public and then can contact family and friends who could directly contribute money helping you out through Paypal or Amazon.

I bought my computer before online saving goal tools were around, so I just created a new money market account and contributed monthly, even though it was a pain. It took me about 9 months to save.

3. Research

While you are saving, you should be doing your research. Go into stores and ask as many questions as possible. Find out the difference between computers and which parts and hardware are most important for how you are going to use the computer. Research online as well. You may be able to find electronic and computer sites that sell the computer for less. Over time, the prices may drop as you are continuing to save making the purchase a little bit less expensive.

4. Discounts and Rebates

Look for discounts and rebates whenever possible. This really can help you save some money or get additional items for nothing. Student, teachers, and those in the military usually have the best chance at getting discounts on computers. Take advantage of it if you meet the requirements.

When I bought my MacBook Pro, I was able to use my mom’s teacher’s discount and saved $250, which I put towards the 3-year extended warranty. So basically I got the warranty for free (something I would have purchased regardless). They also have rebates for a free printer and iTouch. Not only did I save money but got free items as well.

What are your recent computer buying experiences?

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This post was written by Craig Kessler (Staff Writer)


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