Doing laundry. It’s a fact of life, especially if we want clean clothes. It can also be one of the largest sources of electrical or other utility expenses for your home. It doesn’t have to be that way though. Consumers Energy provides some good common sense tips to help a little bit in your bid to save on energy:
Run full loads. You’ll save energy and water by reducing cycles.
Clean the lint filter in your dryer before each load to improve air circulation.
Inspect and clean the dryer vent periodically. Better air flow means more efficient drying.
Hang laundry to dry. Hang clothes outside to dry on nice days, or hang them inside when the weather is not so nice.
Use ENERGY STAR® rated washers and dryers. They use less energy and water than standard models. Consumers Energy (as well as other energy companies) can offer rebates up to $50 for an ENERGY STAR washing machine.
We’ve now turned the calendar to June 1st, and for many, that means travel season. However, there are ways you can see the world and not necessarily have to break the bank either. Click here to read on how you can save some dime on your next vacation this summer from the good folks at You Need a Budget! If you’d like to learn more about “YNAB”, be sure to check out this link, and should you decide to subscribe, we both get a free month!
It is always a good idea to put money away for harder times. There are several ways that you can do this, including putting cash under your mattress, putting aside money in IRA accounts, playing the stock market, using a bank, or joining a credit union. There are several ways that credit unions and banks are different from each other, even though they do virtually the same thing.
A safe deposit box may seem big and bulky, and can take up a lot of space. However, in today’s day and age of ever changing weather events, and life changing moments, you never know when you might need one.
Whether you’re the parent of a newborn, or your little one is in elementary or perhaps even making their way through middle school, there is no time like the present to start saving for college.
Many may think that just a regular savings account would be sufficient to start saving for tuition and textbooks. However, there is another investment vehicle that you can use to get rolling. Similarly to how one can stash away funds for retirement in an IRA, those wishing to save and invest funds for college can choose the 529 plan. Read on for more.
Ah summer, you can hear the birds chirping, the bees buzzing, fresh cut grass, and the shopping malls a callin’. The sweet freedom of summer. Hold up. That last part, the shopping malls a callin’. While your favorite retailer is probably hoping you’ll be more than ready to drop that hard earned cash this summer in their store, did you know that with a little planning, there could be an even better use for that money? Compound interest. Read on to find out more.
You already know that one of the best ways you can build wealth and save for retirement is through investing. One of the most popular options through your employer can be your company’s 401(k) plan. Maybe you don’t have that option though, but still want to get on the fast track to a healthy retirement. Enter – the Roth IRA.
It is a challenging question that faces most of us. How to get out of debt? Should I explore debt consolidation? Many of you have probably heard of the debt pay down snowball method made famous by personal finance guru Dave Ramsey. If you haven’t, the basic premise is that you make minimum payments on all your debts except for the smallest, and put as much money as you can on that debt. Once that debt is gone, you then take its payment and apply it to the next smallest debt. Rinse and repeat as you go through each one. The more you pay off, the more your freed-up money grows – which is – wait for it – like a snowball rolling down a hill. The additional thinking too is that by starting with the smallest debt, this will add up to quick wins, giving you additional momentum.
While many may already be investing in 401(k)’s through work, others may not have that option and still want to get investing in an IRA, be it Traditional or Roth. Certainly if you are not investing at all, then now is as good a time as any to start. You may be asking, but don’t I need thousands of dollars to start investing? Not at all. Betterment makes it extremely easy to be able to both start and accelerate investing. Read on for more.
It is hard to believe that it is already April 3rd and across the country soon many high school graduations will start to get underway. With that, will also come the finishing touches on graduates getting ready for college. One of the things that gets most often overlooked though by high school graduates (and their parents) is the financial planning aspect of college. We all know it is certainly expensive to go to school, however with the right planning, you can make sure that you (or your grad) can stay on the right financial track.
As a personal finance junkie, I have always enjoyed the books offered by Dave Ramsey and his team. Today I caught wind that two members of his team, Anthony ONeal, and Rachel Cruze, have a book out called The Graduate Survival Guide: 5 Mistakes You Can’t Afford to Make in College. The book will provide advice on dealing with student loans (with the hopes you won’t have to take out any altogether), budgeting and saving money.
Not far removed from college myself, I must say I wish I certainly would have learned more about these various principles while in high school. College can be a great time of self discovery for sure, but I would highly recommend that the principles of finance be hammered down first before venturing off to campus. That will certainly help set up success for the future!