There are six things you need to know about money.
# 1 You need to understand the difference between assets and liabilities.
First, let’s deal with the definitions. . .so we’re viewing this in a proper perspective.
An asset according to investopedia.com is:
“A resource having economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.”
Here are four things you should know about assets.
OneFather’s Day I was in church when our daughter, Alex, whispered that our other daughter, Abby, had been involved in an automobile accident.
The good news is that God had angels around her car and she walked away from a head-on accident (at a slow speed). In thinking about the experience, it occurred to me that it would be helpful for folks to know what to do in cause of an automobile accident. After some research, here are the 11 things that you should know BEFORE an automobile accident according to the insurance company experts.
Any advertising company will tell you it’s not so much the product they sell as what “they say” the product will bring the buyer.
Have you ever noticed that the sleek new car ad is not about the car as much as the look of envy on your neighbor’s face? It isn’t so much about the clothing as the heads that turn toward you when you wear it.
Make no mistake about, companies spend millions and many billions of dollars in marketing research to determine what pushes your “buy it now” button. These people can read you easier than an old ten cent novel.
Spending your money on most of the things listed below isn’t necessarily wrong unless you are spending money you don’t have or basing your purchase on false hopes.
“Make all you can, save all you can, give all you can.”These words by John Wesley, the great 19thcentury Methodist evangelist, are still true today. A dollar saved is a dollar made. Here are 10 key strategies for your personal out of debt program.
1. Can you hear me now? Restrict the use of your cell phone to business and emergencies. When making calls, block your number so it won’t show up in someone else’s caller ID when you don’t want someone to have your number. If you’re really serious about getting out of debt, ask your friends and family to call you on your home phone first. Cell phones are “habits”that quickly become “needs.”You can really use your home phone when you are at home and leave cell phone usage for times when you are gone.
1. Avoid prolonged warming up of engine, even on cold mornings - 30 to 45 seconds is plenty of time.
2. Don’t start and stop engine needlessly. Idling your engine for one minute consumes the gas amount equivalent to when you start the engine.
3. Eliminate jack-rabbit starts. Accelerate slowly when starting from dead stop. Don’t push pedal down more than 1/4 of the total foot travel. This allows the car to function at peak efficiency.
4. Buy gasoline during coolest time of day - early morning or late evening is best. During these times gasoline is densest. Keep in mind - gas pumps measure volumes of gasoline, not densities of fuel concentration. You are charged according to “volume of measurement.”
5. Avoid filling gas tank to top. Overfilling results in sloshing over and out of tank. Never fill gas tank past the first “click” of fuel nozzle, if nozzle is automatic.
6. Never exceed legal speed limit. Traveling at 55 mph gives you up to 21% better mileage when compared to former legal speed limits of 65 mph and 70 mph.
7. Traveling at fast rates in low gears can consume up to 45% more fuel than is needed.
8. Manual shift driven cars allow you to change to highest gear as soon as possible, thereby letting you save gas if you “nurse it along.”
However, if you cause the engine to “bog down,” premature wearing of engine parts occurs.
9. Keep windows closed when traveling at highway speeds. Open windows cause air drag, reducing your mileage by 10%.
10. Drive steadily. Slowing down or speeding up wastes fuel. Also avoid tailgating - the driver in front of you is unpredictable. Not only is it unsafe, but it affects your gas usage if he slows down unexpectedly.
11. Think ahead when approaching hills. If you accelerate, do it before you reach the hill, not while you’re on it.
12. Do not rest left foot on floor board pedals while driving. The slightest pressure puts “mechanical drag” on components, wearing them down prematurely. This “dragging” also demands additional fuel usage.
13. Avoid rough roads whenever possible, because dirt or gravel rob you of up to 30% of your gas mileage.
14. Stoplights are usually timed for your motoring advantage. By traveling steadily at the legal speed limit you boost your chances of having the “green light” all the way.
15. Automatic transmissions should be allowed to cool down when your car is idling at a standstill, e.g. railroad crossings, long traffic lights, etc. Place gear into neutral position. This reduces transmission strain and allows transmission to cool.
16. Park car so that you can later begin to travel in forward gear; avoid reverse gear maneuvers to save gas.
17. Regular tune-ups ensure best economy; check owner’s manual for recommended maintenance intervals. Special attention should be given to maintaining clean air filters... diminished air flow increases gas waste.
18. Inspect suspension and chassis parts for occasional misalignment. Bent wheels, axles, bad shocks, broken springs, etc. create engine drag and are unsafe at high traveling speeds.
19. Inflate all tires to maximum limit. Each tire should be periodically spun, balanced and checked for out-of-round. When shopping for new tires, get large diameter tires for rear wheels. Radial designs are the recognized fuel-savers; check manufacturer’s specifications for maximum tire pressures.
20. When buying a new car bear in mind that a fancy sun roof, while visually attractive, disturbs smooth air flow thus lowering gas mileage.
21. Auto air conditioners can reduce fuel economy by 10% to 20%. Heater fan, power windows and seats increase engine load; the more load on your engine, the less miles per gallon.
22. Remove excess weight from trunk or inside of car - extra tires, back seats, unnecessary heavy parts. An extra 100 pounds in the trunk reduces a typical car’s fuel economy by one to two percent and even more if driving up inclines.
23. Car pools reduce travel monotony and gas expense - all riders chip in to help you buy. Conversation helps to keep the driver alert. Pooling also reduces traffic congestion, gives the driver easier maneuverability and greater “steady speed” economy. For best results, distribute passenger weight evenly throughout car.
24. Would you like to know where to find the cheapest gas in your neighborhood? Go to: http://www.gasbuddy.com/It is comprised of 170 gas price information web sites that help people find low gasoline prices. Check it out.
Cell Phone Company Secrets
I’m certain that God detests ignorance and I do too.
I’m reminded of a current TV ad which shows a father ignoring the joy of his daughter’s voice as she tells him she made an “A” in Physics. This dude is supposed to be so upset over a cell phone bill that he totally ignores his daughter’s excitement.
I remember standing at a jewelry store counter once with a fellow who purchased a gold chain big enough to tie a python in knots.He flopped his money on the counter and said, “Easy come, easy go” with a huge smile.
People who think like that are a hamburger short of a Happy Meal. I’m not against people owning gold chains if they can easily afford it and that’s their thing. But I happen to know this fellow was so broke he couldn’t pick up all the pieces.
Do you wish you could save an extra $1,000 this year without downgrading your lifestyle? It is possible to save big bucks by making small changes in your spending. Even small changes over a year really add up.
Here are some tips to give yourself a $1,000 raise. . .
1. Look for discounted dinner entrees
Saving money doesn't mean you can't enjoy meals at your favorite restaurants. Discount deals can be found in the mail, newspaper or online. Check out your restaurant online or when you get there ask the manager if they have any special promotions.
The easiest way to build wealth and reach financial independence is simply to spend less than you earn. It’s not a complicated formula developed at the Harvard Business School or known only to the barons of Wall Street.
It is an easy concept to understand, but there are some facts that can complicate the process and truthfully, most of them, involved you, the consumer (by the word, I don’t like that word.)
Would you walk by a quarter on the sidewalk and leave it? Probably not. A penny maybe. Did I get it right?
One more question. Would you walk by a dozen quarters lying on the sidewalk or would you stop and pick them up? Well, every time you go tothe grocery store you can rescue some serious money by using coupons.
If you’ve thought coupons are a hassle then you need to read this article where I will share with you how you can use coupons with a minimum amount of effort if you organize them properly.
Going through the ads or coupon pages of your newspaper, only grab onto those you use. If you have children, get them to sort them by date for you. It’s good training for the kids plus I’m convinced the older I get, the smaller the manufacturers print those expiration dates.
File your coupons by month, not type. That way, there’s never a question whether the coupon is expired. It also helps you know which coupons you need to use first. I keep an envelope with each month written on the front and stack them in an old envelope box. I always keep the current month in front.
Click On Savings
Things have changed dramatically over the past few years and now there dozens of websites offering coupons but BEWARE of the hook.
You should only select FREE sites. . .never ever pay a monthly fee for coupons. There is so much free stuff available that you don’t have to spend the hard-earned money you’re trying to save.
Check out the websites carefully. . .let me know if you find others we can recommend.
Click “Cool Savings” and “Coupon Cabin” for a closer look. Find your comfort level and know that some of these sites may well send you unsolicited offers in the future.
Coupons and Menu Planning Save Money
When it comes time to plan menus, I pull out the current month along with the next two or three upcoming months and look for menu ideas using the coupons first. You can also add your weekly grocery store flyer … ours comes in the mail on Wednesday every week so I plan my menus on Thursday.
Once your menu choices are complete, flip it over to make your grocery list. More than once I’ve found myself in the grocery store trying to remember if I needed something for a menu plan I’d left at home. I’ve also been known to pull out all the recipes I plan to use. That way it’s easier to look down the list to make sure I’ve remembered every ingredient.
I don’t save a coupon if I think I can use it immediately. After all, more coupons will be coming in. When the month is over, it’s easy to discard unused coupons and put the envelope in the back of the stack.
Making the Most of Your Coupons
Coupon specifications vary. When I find the words “Any Size” I smile. You will generally save money by buying the smallest size using a coupon. I do this with Harold’s favorite steak sauce. I dislike paying this brand name’s high price, but they regularly give out coupons, so I continue to buy the smaller size and use a coupon. This works well on laundry detergent too.
On my grocery list, I’ll put ‘c’ after something I have a coupon for so I remember. If there is a size specification, I’ll write that down too. When I use a coupon, I’ll pull it out so I’m not searching for applicable coupons when I’m at the checkout. I like to watch that scanner for price defects.
Making the Most of Your Grocery Store Experience
Grocery stores vary. Some offer double coupons, but I’ve found that I only stop there if I feel their overall prices are good also. Otherwise I just use my coupons at the store with the best prices. Some grocery stores will attempt to lure you in with what’s known as “price leaders.” That means they are losing a little money on these advertised specials, but they know once you are in the store, you will pick up other items also.
The point is you don’t have to spend a lot more time when you use coupons to your advantage. Don’t worry about every dime. Save what you can and know that whatever you do save is more money in your pocket.
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