Pennysaverblog – Page 156 – Smart Finance and Money Saving Tips

General

How Much Does It Really Cost?

Have you ever stopped to think about how much a decision you make will really cost you? I’m not talking about just the dollar cost. I’m talking about the opportunity cost.

What is an opportunity cost?

I’ll explain using an example. If you decide to attend college. The true cost of going to college is much more than your room and board and tuition costs. You should also factor in how much you could earn working a full time job. If you knew for sure that you could earn $30,000 per year working full time. then your decision to attend college should factor in this additional cost.

October 13, 2014

Investing

7 Common Investing Mistakes To Avoid

There is no fool-proof formula or any well kept secret for success in investing. For those actively involved in the Stock Market, investment comes with highs and lows and is a difficult beast to tame. This market is so complex that many experienced brokers and amateurs will find themselves perplexed at the thought of understanding the latest reports on the stock charts or the most recent earnings.

The reason most investors miss out from making it to the big league is because they have failed to understand the fundamentals of investing and how to approach it. There are many tips to improve your investment portfolio but only a well-planned and balanced financial strategy can help you get some good ROI on a short or medium term time span.

October 4, 2014

Investing

There Are Shortcuts – But Not Everyone Can Take Them

When you read blogs like this one – they’re great for encouraging you to save money and be as frugal as possible in your life in healthy ways that help get you free from debt.

There’s absolutely nothing wrong with that – it is a lifestyle to be commended as long as it doesn’t become a needlessly penurious one, of course.

But then you see around you plenty of other people who seem to live quite a “high rolling” existence and seem to enjoy that life too.

This isn’t for everyone; many of us still wouldn’t be buying penthouse apartments and flashy cars even if we could. But at the same time – it would sometimes be nice to switch off from sweating the detail in saving the pennies.

One way some people manage this is through trading. Now trading can refer to pretty much any kind of market. There are people out there buying and selling goods online, others running market stalls – and each knows his or her business and how to profit from it.

October 2, 2014

Shopping

Shopping For A New Television: 5 Ways To Save Money

Long gone are the days of “a television in every home.” Now it’s more like a television in every room, plus laptops, tablets, smartphones, and other entertainment devices for every family member scattered throughout the house. That said, a TV is still a major purchase. Depending on what you’re interested in, you could be looking at an expenditure of several hundred to several thousand dollars for this premium entertainment product. Of course, you needn’t overspend to get the quality you crave – there are plenty of ways to save on the purchase of a new TV. Here are some options for the savvy shopper to consider.

Comparison shop and wait for sales. The place to begin is by checking out the many brands, sizes, and options available to you in order to narrow your search to the handful of TVs that will meet your needs. From there you should track prices on the few models you’re really interested in, waiting for sales in order to get the best discount. The beauty of doing it this way is that you can catch any prices that actually increase before sales (bumping up the cost before adding the discount so buyers really aren’t saving). And of course, wait for any coupons you might get from memberships with electronics retailers like Best Buy. Don’t forget to check online outlets like Amazon, Tiger Direct, and Newegg, as well.

September 23, 2014

General

5 Ways To Save Money On High School Prom Night Expenses

One of the most significant days in any teenager’s life is prom night. It’s a time to dress up in their best and hang out with friends. It’s an opportunity to enjoy dancing and partying in a beautiful venue. And for many high school students, it also symbolizes experiencing a formal event before graduating and heading off to college.

On the other hand, what prom night means for parents is a memorable evening that also has the potential to become a pretty expensive one as well. So if you have a son or daughter who has a prom coming up and you’d like some tips on how to provide them with all that they need without breaking your budget in the process, this is the article that you’ve been looking for. It has five tips that can help you save money on high school prom night expenses.

Don’t wear a tux. If you have a son who’s planning on going to the prom, although a lot of young men choose to wear a tux, there is no book of guidelines that say it’s mandatory. In fact, just like there are a lot of grooms who opt to not wear a tux on their wedding day, there are more and more young men who are choosing to put on suits at prom, as well. It’s stylish and it’s cheaper, too. However, if your son does want to put on a tux, it’s better to buy one than rent one. Colleges tend to have formal events, too. Therefore, a tux can be an investment that he can make good use of time and time again.

September 22, 2014

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