Archive for the ‘Savings Opportunities’ category

Dead (Bulb) Man Walking

January 24th, 2008

Save a dollar in electricity each day (which is a number I’ve totally made up because there are too many variables involved) and take a walk through your house/abode before leaving it.  Check for lights on, TV’s on, VCR/DVD players on and most importaly stove burners and appliances that might cause a fire.

I frequently find lights abandoned in the ‘on’ position and left to consume watts that I’d prefer to not consume.  A quick walk down the hallway can add up.  Of course if you leave compact fluorescent bulbs on all day long you’ll save a lot in your electricity leak ;)

What To Do If You Can’t Get An Interest Rate Reduction

January 12th, 2008

In some cases the credit card companies will not give you a good rate reduction or a rate reduction at all.  If that happens, you’ll need to find out several things: Ask the person on the phone why they won’t give you a rate reduction, find out what your credit score is, and find out if there are other companies willing to take your credit card balance for a transfer.  Also, its good to not take no as an answer from a person who can’t say, “Yes.”

  • Find out when you’ll be eligible for a rate reduction because in some cases it is a matter of time
  • Find out if you have a short term chance to get things resolved (if you missed a payment, you will have a window of penalty) – prepare to call back then.  Set a reminder on your computer or in your day planner or on some place that will remind you
  • Again, find out if a balance transfer will work for you.  Be willing to threaten a transfer while on the phone, some companies will work with you

I plan on getting other bloggers involved over the next six months and we’ll try again then.  Between now and then one of our cards will become eligible for a rate reduction.  In fact its in March.  In fact its on our calendars.

What Else Can You Save On By Negotiating?

January 10th, 2008

The PaidTwice.com blog asks an important question: what else could one save money on for seeking businesses to change their billing, interest making and the like.  She’s after Saturn to help pay for expensive vehicle repairs.  Go read the article and offer up a word of encouragement.

High Interest Savings Account: $90.38

January 3rd, 2008

This last year, for half of the year, we had a high interest savings account with WaMu.  That account held quarterly tax money for us while we waited for the payment cycle to kick in.  In the past that money sat in a savings account earning us nearly nothing.  That’s the power of letting money work for you while you work on something else.

The amount of money that fluctuated in that account was pretty substantial.  The account would go to almost zero every time we’d pay taxes, but then over several months time it would climb back up to make us more money each month.  This up coming year, assuming we’re able to have the whole year instead of half the year we should be good for closer to $180… at least in theory.

If you have money sitting in a ‘regular’ savings account I strongly recommend you find a higher interest account or a money market account.  It could mean the difference between $1.00 and $100.00.

Save Time (and Maybe Money) Around Airports

January 2nd, 2008

If you’re like me you travel on occasion (next week in fact I’ll be heading to the Portland, OR area) and flight delays are always a drag.  Or sometimes you have to pick someone up at the airport and their flight is delayed.  A quick and dirty tool to give you a good feel for how things sit is availabe at flightwait.com.  Check it out and see if you can save some time or money in the process.

Witch Hunt!

December 27th, 2007

Today I went on a witch hunt. A hunt to find electricity sucking things plugged into my wall outlets that were drawing current for no good reason. The hunt wasn’t hard and I didn’t burn anything but some calories – which is probably one of the worst forms of exercise, second only to television. But I went through each room of the house and evaluated the things plugged into the wall sockets to make sure that they made sense and weren’t just killing my electric bill one hour at a time.

Things to consider include:

  • Does it plug into something that gets used?
  • Could it be plugged in and unplugged quite easily?
  • Could it be put on a power switch to turn off a group of devices at once to save energy when they’re not in use?
  • Could the number of plugs in the outlet create a fire hazard?

These little vampires of electrical energy are probably around your house. I found two things that were drawing current – how about you?

Less Than a Month Until the Credit Rate Reduction Rally

December 17th, 2007

If you’re new to the Watch My Money Maker blog you’re possibly not familiar with the Credit Rate Reduction Rally that is taking place next month.  From January 7th through 11th the world is invited to get blogging, posting, thinking, calling and making change to their credit card interest rates for the better.  Not everyone is aware of the fact that they can often negotiate lower interest rates for credit card debt.  Card companies make good money on charging interest, but they’d rather have you pay the cards off than leave them hanging with bad debt (even if later they come back with collection agencies).

Take a moment to check out the Credit Rate Reduction Rally homepage and consider blogging it yourself.  Or better yet: tell a friend.

Three Reasons I Pulled a Princess Out of My Toilet

December 2nd, 2007

Last weekend before I headed out on yet another business trip my two year old dropped a toy into the toy-let. I mean toilet. My wife was in the bathroom and attempted to reach into the toilet before the princess drowned, flushed and caused blockage that only mouse-produced royalty could cause. After washing her hands like she had an OCD disorder she came downstairs and alerted me to the problem at hand. I went to the hardware store later that evening and picked up an auger (also called a snake) but had no luck getting the princess to come out of her cave. Apparently the dragons had gotten to her and she was going to need a knight to rescue her. I was thinking a hired knight that charged $45.00 an hour or more.

It turns out that I’m cheap because after some searching on the interwebs I figured that I had a chance at disassembling my toilet/floor connection and getting the princess out myself. So I went to the hardware store and purchased a new wax ring to re-seal the toilet upon successfully removing it from the floor, some caulk (to reseal the grout that was attaching the toilet to the floor as well), and a large plastic drop cloth to put the toilet on so that extra water could be prevented from getting all over our tile floor. As it turned out the drop cloth was not as effective as it could have been but we’ll ignore that problem because this story is less concerned with my failure to contain all of the water.

I had the help of my brother-in-law who kindly used my utility knife to separate the grout from the toilet’s base and then helped me power-lift the toilet from the grout, caulk and wax ring that were underneath the already heavy toilet. The toilet came up, off onto the plastic, and I took an auger to the drain pipe in the floor hoping to retrieve the damsel in distress. No luck, the number-two ogres must have her trapped somewhere else. I rocked the toilet backwards and to my pleasant surprise the “princess of poop” was wedged sideways just inside the mouth of the toilet! I removed her from the ‘can’ and threw her away. I may be cheap, but my daughters don’t get a second chance with girls who hang out in such low class establishments.

I placed a new wax ring down on the floor making sure the sticky wax surface was facing upwards and the gasket was facing down into the floor pipe. I then lined up the bolts that hold the toilet to the collar in the floor so that they would be parallel with one another and hopefully lined up with the toilet’s holes. The most important next step was to take some scrap wood and place it on either end of the toilet’s home and give myself time to line up the bolts and toilet’s fastening holes before removing the wood (with the help of the brother-in-law again) and seating the toilet on the wax ring – you don’t want to mess that up or you could have biological gunk all over your bathroom floor or a waxy mess that you have to replace. We got the bolts and toilet lined up and then removed the wood slowly and positioned the toilet so that the grout matched up just right.

Mission accomplished! In about an hour the princess was saved (and then trashed) and the toilet was cleared – flushing like it was brand new. I had saved money, practiced something mechanical and out of my comfort zone, and got to feel the pride of having done something myself where before I was going to hire it out. There is nothing quite like taking care of your family to bring out an enjoyment of things as mundane as a toilet. Plus now I can tell stories and have G-rated potty humor.

Save Money, Manage Weight, Let Your Body Work as Designed: Chew

October 14th, 2007

I remember as a teenager eating embarrassingly large quantities of food.  Huge tubs of ice cream included.  My brother and I could together polish off a six quart of the cheap stuff in one sitting.  We were not over weight, but we were definitely eating way more food than we needed to.  Fortunately our metabolism allowed us to somehow survive our teens without turning into ‘late Elvis’ impersonators.

At one point in time when I was in high school my dad told us at the dinner table, “Your great-grandfather used to chew his food 100 times per bite.”  We thought that was about the most insane thing ever spoken about eating.  Food was to be enjoyed not for its tastes, nutritional value or mouth-feel, but instead it was to be enjoyed in volume.  Turns out that my dad was right and my great-grandfather was doing some good things when he took some time at dinner and actually chewed food.  I’m not suggesting you chew your food 100 times per bite, but I am recommending that you chew your food more than most Americans (and possibly other nations if they also wolf it down).  Say, maybe, twenty-five times per bite.  Or, if you’re ‘hardcore’ you can chew fifty times per bite.  But why would you do this?

Your body’s saliva glands produce (surprise!) saliva.  Saliva does several thing:

  1. It keeps your mouth and other parts of your digestive track moist
  2. Saliva helps break down carbohydrates
  3. Saliva neutralizes some acids in your mouth to reduce tooth decay
  4. Saliva helps to prevent bacterial growth in your mouth 1

Thus the nutritional value of your food to your body may actually be increased significantly as your saliva helps break down the various foods in your body as it digests.

By chewing your teeth also break down the other non-carbohydrate based foods so that the other parts of your digestive track can maximize their use and absorption of various other elements that your body needs.  The other thing this does is buy some time for your stomach to feel full. That fullness will come sooner in volume than if you just shove the food down your throat.  By being full sooner you may very well  save on food because you’re eating less!

Save Money on Garbage Service

October 9th, 2007

You may not have many garbage collection services to choose from in which case this post isn’t for you.  However, we got a flier on the front door from one of the three services we can choose from.  Their prices are 25% less expensive than the current service provider we’re using and in a discussion with our neighbors their employees consistently do a better job of picking up garbage that might fall out of the cans as they’re being lifted into the trucks!

Shop around with your phone and make sure that you are getting the best deal that you can on services you’re paying for.  By saving $15.00 four times a year we’re saving $60.00 a year – that’s good money over 30 years (to pick a biggish number): $1,800.00, or if put into an investment account at 5% $4,444.96.  A 10% return would get you $11,903.57.