Pennysaverblog – Page 165 – Smart Finance and Money Saving Tips

General

Why It Is Important To Keep Your Car In Top Shape At All Times

Your car is probably one of the most valuable assets that you have, assuming you’ve paid it off. Why would I say that? Well, your vehicle is valuable because it is an asset that you could resell to generate cash if you need it. It is also valuable because it makes it possible for you to get to work and to fulfill family obligations.

When you own a vehicle, it is important to do everything you can to take care of it. This means getting regular oil changes to keep your vehicle running well. This also means taking care of maintenance issues, driving within the speed limit and otherwise taking steps to make your car last as long as possible. There are a lot of important reasons why it makes sense to keep your vehicle in good shape.

May 6, 2014

Credit Cards

Top 5 Tips For Safe Credit Card Use Online

Online shopping has made it easy for consumers to compare products and prices from the comfort of their own home. You no longer have to drive all the way to the store only to discover that the item you’re seeking is out of stock, wasting fuel and polluting the environment in the process. But while you might appreciate the convenience offered by online shopping, you probably also have concerns about the safety of using your credit cards in cyberspace.

Identity theft is nothing new, but the combination of lax security measures and determined hackers has made for a perfect storm of mineable data. And the people willing to break into company databases in order to steal your sensitive data are not likely to have any qualms about selling it to the highest bidder or racking up charges using your credit, especially online, where no ID is required. However, you can find ways to use your credit cards in at least as safe a manner as if you were shopping in-store. Here are some guidelines to observe.

April 30, 2014

General

5 Ways To Save Money On Annual Swimming Pool Maintenance Costs

One of the best things about the summer season is that fact that it’s the peak time of the year to go swimming. And if you’re someone who happens to own a swimming pool in your own backyard, that’s even better because it makes it convenient to swim whenever you’d like.

Of course, in order for you to be able to make the most out of your pool swimming experience, it’s important that you properly maintain it. So, if you’re interested in knowing about some of the ways that you can save money on annual swimming pool maintenance costs, we’ve got five great tips for you below:

Run the pool pump on a timer. Something that helps to keep your swimming pool clean on a constant basis is to have a pool pump inside of your pool. That is what draws the water from your pool into the skimmer. One reason why this can get to be a pretty hefty expense is because some people leave their pump running for hours and hours. Something that you can do to avoid this and also reduce your energy costs is to install a pool pump that comes with a timer. That way, it will automatically cut off when it’s done doing its job.

April 28, 2014

Family

Your Mother Can Save You From Bankruptcy

Sometimes, Mother really does know best.

When you were younger, Mom nagged you to brush your teeth, eat your veggies, and clean your room.

You didn’t listen.

When you got a little older, she might have imparted more mature words of wisdom. You probably didn’t listen then, either.

Funny, but as you become more mature, your mother’s advice starts to make more sense, and you might realize that her advice wasn’t as dumb as you always thought it was.

For instance, she told you, “Money doesn’t grow on trees.” Amazingly enough, that is unfortunately true. Money has to be earned, and earning money is a lot more difficult than picking it off of trees. Earning money is WORK.

When you have to work for your money, you should be a little more conscious about how you spend it. After all, that new gizmo you want? It will take 45 hours, or more than a solid week, of work to pay for it. When you look at objects in terms of work required to purchase, it might help you to be more discriminating about what you really want.

Of course, there’s always a credit card. Banks are more than willing to lend you money to buy the things you want. And it’s easy enough to whip out the plastic when you want to buy something. But you need to consider the consequences of not paying that item off right away. Add another 10 hours to its real cost, because of the interest you will pay on the credit. Now, is that gizmo really worth 55 hours of your time?

April 26, 2014

Debt

6 Tips To Save Money On A Mortgage

Buying a home is one of the most expensive purchases of a lifetime. Most buyers opt to borrow money from lenders to purchase their properties, locking themselves into potentially 30 years of mortgage payments. Not only are homes costly, but loans are too. Interest is the price borrowers pay their lenders for advancing them money, and it’s due until the loan is entirely paid back. Even though interest rates recently declined benefitting borrowers, there are a few additional ways homebuyers can save money on their mortgages.

1. Make a Large Down Payment

Prospective homebuyers searching for affordable mortgages should start by evaluating their home budgets. With less expensive properties, buyers assume smaller loan sizes and cheaper monthly payments. Additionally, more affordable homes allow buyers to pay larger down payments. Down payments of at least 20 percent of the purchase price of the home save borrowers money over the long-term. When a borrower pays less than 20 percent toward the home purchase, the lender accepts more than 80 percent equity in the home. Lenders who assume that level of risk require borrowers to pay private mortgage insurance (PMI) to protect the lender’s investment. Some lenders require borrowers to pay PMI upfront, but generally, it’s rolled into monthly mortgage payments.

April 25, 2014

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