Borrow Against Your Life Insurance October 27, 2007
Posted by Vedis in : Insurance , comments closedHubby and I have life insurance policies with a cash value, therefore we borrowed against the policies 2 years ago.
Yes, we’re borrowing our own money. But the interest rate is typically well below commercial rates, and we can take our time repaying the loan. Do repay it, though. If we die before it’s repaid, the outstanding balance plus interest will be deducted from the face value of the policy payable to the beneficiary.
As a negative, that seems a small price to pay to get out of debt now, but it could be burdensome to our family or loved ones should we sleep the eternal sleep before paying it back.
Money Saving Tips On Garbage Bags October 27, 2007
Posted by Vedis in : Money Saving Tips , comments closed
To save money on garbage bags for the bathroom or a little wastebasket, Hubby and I use our plastic grocery bags we get at the store. The handles on the bags can be tied up and tossed out in the garbage can.
In addition to that, use plastic bags that we sometimes have groceries in make great small garbage bags.
Also paper towel cardboard rolls make a great neat way of storing them in our drawer. We just stuff the plastic bags in the roll and pull them out as needed. Not only do we save money, but our recycling as well.
Money Saving Tip – No Wasting Food October 27, 2007
Posted by Vedis in : Money Saving Tips , comments closedWe have tried using coupons and buying food when it’s on sale to cut down on spending. They are all wonderful ways to cut back on the cost of feeding the family.
Besides that, not wasting food is also a great way to save money. Knowing how to freeze food, store food we purchase in bulk, and turning less expensive food items into delicious meals are good solutions to the rising cost of food.
Save $$ On Grocery Shopping October 26, 2007
Posted by Vedis in : Money Saving Tips , comments closedIf you are loaded with tonnes of credit card debts like me …;D I bet you will be interested to try the money saving tips on grocery shopping.
- Wait if you can until the item is on sale. If you know your products and stores, you can have enough to last until the item is discounted again.
- Buy in bulk when the unit price is less. Larger sizes do not always mean lower prices.
- Just because an item has the word “SALE” on it, doesn’t mean you are getting it for a lower than normal price. Know your prices. This is one way that a price book can help you.
- Use store specific savings cards.
- Don’t be afraid to try generic or store brands. Most stores will refund your money if you are not satisfied.
- Pretty packaging costs you money. You are not only paying for the product, but for the packaging (and advertising) as well.
- Avoid anything disposable.
- Always check the day old bread basket, and the reduced merchandise cart.
Save Money On Grocery Shopping – While Shopping October 26, 2007
Posted by Vedis in : Money Saving Tips , comments closedWhile shopping for groceries, try to stick to the guidelines to save more money.
- Stick to what’s on your shopping list.
- Meat is a good source of protein but it’s expensive. Cheese, poultry, eggs, peanut butter, dried peas, beans, lentils, and some fish are less expensive and excellent sources of protein.
- Buy locally grown foods; they are fresher, more nutritious and ecologically smart.
- Shop the sales! Take advantage of each store’s loss leaders.
- Most bargains are found on the higher and lower shelves. Most expensive brands are at eye level (to get your attention).
- Watch for unadvertised specials.
- Shop for items that you use regularly at all times. If you run out, you will have to pay whatever the supermarket may be charging when you need it.
- Stockpile, Stockpile, Stockpile! If a product you use is on sale, buy as much as you can afford and store to last you until the next sale. This is a BIG money saver!
