Topic of the Week
We discuss budgets in today’s show. What they’re for, how to make one, how to use it and how it can help your finances.
Money Saving Tips
Money Saving Tip of the Week:
Evaluate your phone service and the features you have. Get what you need.
Maybe even strip all the extras off the home phone and use it only for receiving calls. Then, get an answering machine instead of voice mail. They’re cheap, around $15-20. Often they pay for themselves in the first few months.
Talli’s Tightwad Tip of the Week:
Try to cut down your garbage removal expense. Call the garbage company and inquire about the pickup charges for a smaller can.
Money Making Tip
Save for college through your purchases:
For the first 5 months of this year, consumer prices galloped at an annual rate of 5.2%, outpacing the 3.4% rise for 2005. Core prices, which exclude food and energy, are rising at a 3.1% pace this year. That compares with a 2.2% increase in 2005 and suggests the prices of many goods and services are increasing.
Don’t like those programs? You can always use the spreadsheet software you have on your computer. If you don’t have any, you can download a free one at www.OpenOffice.org.
These might sound common sense, but people do them…
Don’t buy cars too frequently. When you drive off the lot, you lose a few thousand dollars of value. On top of that, cars depreciate. With expensive cars, you are losing thousands of dollars of value right away and thousands more over the first few years. Remember that the first few years you own a car, you lose more value than you do later on. So, by selling cars frequently you’re losing lots of money with each car.