Pennysaverblog – Page 237 – Smart Finance and Money Saving Tips

Budgeting

An Easy Way To Budget For Groceries

My husband and I like to eat, and I would say that we are both fairly big eaters. We eat a lot of fresh produce and keep our fridge stocked full of a wide variety of veggies and fruits.

That being said, sometimes I find it difficult to keep our grocery spending in control. In order to control our spending, we came up with a plan. Here goes:

We decided to limit our spending to $400 per month for groceries. Each month I keep track of every grocery purchase I make. At the end of the month, I total the amount and see how we did. By keeping track of our grocery spending throughout the month, it has been easier for me to know where we’re at. It eliminated any guessing.

November 14, 2012

Banking

Moving To Egypt? Here Are A Few Banking Tips

Living in another country can be quite a challenge. Below is a guest post submitted by a reader about how to do banking in Egypt, however, many of the tips mentioned below could be applied to living in other countries as well.

The Challenges You Will Face In Egypt

Buying food and clothes, the use of public transport, school enrolment, bank accounts, the language barrier – the list goes on and on. These are probably just a few of the many worries and concerns any Western family might have prior to setting up a new home in Egypt. But with the worry will also come anticipation, exhilaration and maybe the sense of embarking upon some huge adventure.

Concerns over banking are likely to center around ease of access to your hard-earned cash. However, there’s really nothing to worry about because Egyptian banking services are every bit as good as their Western counterparts. And you’ll recognize some familiar names, too. Go online and check out Egypt savings accounts from HSBC, or current accounts from Barclays. Both banks have dozens of branches and ATMs spread throughout Cairo, Alexandria and many of the other major towns and cities in Egypt.

November 9, 2012

Money Saving Tips

Should I Buy Winter Tires This Year?

My husband and I are considering whether or not to buy winter tires this year for our car. In the past, we purchased good quality winter tires and rims and hoped that they would last us for several winters. Unfortunately, I got into a car accident and our insurance company decided to write the car off. So, needless to say, our nearly brand new winter tires were now useless to us. Of course, we could have looked for another car that was the same make and model and still be able to use the old tires. We opted not to do that, and instead we sold the tires and rims, getting at least a small amount of the money back that we paid for them.

Now that we have a different car, we are seriously debating on whether or not we should buy winter tires again. We know that the winter tires we want would cost us approximately $1000.00. If we buy them, we know it will likely be safer to drive in the winter. At the same time, the car we bought has relatively new all-season tires on it right now and the tread is still quite good. There’s really no way to predict how bad the roads will get this winter. Some years the roads are always terrible, and some years they are almost always great, so it’s really impossible to know for sure what winter will bring.

November 9, 2012

Money Saving Tips

5 Ways Students Can Save Big Money

Students usually have to live on a tight budget as most of their time is spent studying rather than working and earning an income. As a result, it is important that students take advantage of the savings that is available to them. Below are just a few ways that students can save.

1. Save big on your banking. Most financial institutions provide free banking to university and college students. All you need to do is provide proof of enrollment and you shouldn’t have to pay monthly fees or transaction fees on your bank account. This perk can result in significant savings for you, especially if you do a lot of banking transactions each month. Remember to provide proof of enrolment every year to your bank; otherwise you will end up with fees after the year has passed. Most financial institutions won’t remind you, so be sure to mark your calendars to avoid fees.

November 7, 2012

Debt

5 Reasons To Consider Creditor Insurance

If you have a mortgage, loan, line of credit, or a credit card, it may be in your best interest to accept the creditor life and disability insurance that goes along with it. Although it will cost you extra money out of pocket, it may just be worth your while. Although I had never expected to be unable to work, it actually happened to me recently. I got unexpectedly ill and was unable to work for a few months. From my experience I realized that this could happen to anyone, so it’s important to be prepared in the event that the unexpected could happen to you as well. Below are a few reasons why you may want to consider buying creditor insurance the next time to want to get a loan or mortgage.

1. It can give you peace of mind. If something were to happen that drastically changed your ability to earn income, you want to know that you and your family would be protected. Without insurance, you would still be expected to make payments to your credit products. But, with insurance, you would know that it would be paid of in full in the event of your death and that your disability insurance would kick in if you were unable to work due to an accident or injury.

November 5, 2012

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