Archive for the ‘Tips’n'Tricks’ category

This is What I Want Now. This is What I Want for Two Years.

July 7th, 2008

A Story of Contracts

Once upon a time there was a boy, we’ll call him me.  His name won’t be me, but I’m going to share a little about myself.  And actually, I wasn’t a little boy.  I was a grown man.  Well, I guess I still am.  But this story is about the idiocy of temporary pleasure verses the wisdom of thinking a little longer term, or very long term.  I had wanted to save money by spening less on the luxury of non-broadcast television and switched from Cable Television (with Comcastic service) to Satelite service DirectV from the stars… or some such nonsense.  I would save money and get the better programming of directive DirecTV.

Except that I had to agree to a two year contract to pay DetecTV monthly during that two years or else pay a penalty fee to infecTV for each month remaining in the contact.  Being a cheerful dolt, and not ever thinking that I would ever not want to get derelicTV, I agreed to that lovely penalty.  The world was grand and there were weeks of Food Network to watch with the added benefit of children’s cartoons, educational television, and news broadcasts twenty-four hours a day slevin days a week.  The fun and entertainment we would have due to DefecTV was endless.  Until we actually wanted to end the service.

Fast-forward a year and a half and I still have half a year left of paying more a month than I need to because we’re in a bundled package from our phone/internet/smellovision provider.  Locked in for two years of promised payment even though better deals could be had (and I would actually dump my land-line phone as well, thus futher reducing my monthly outgo towards communications and entertainment).  So the young boy who was me, who I am now -  as an adult, made a dumb choice because what he wanted then was what he was obviously going to want for two years.

The moral of this story, other than avoid the shoddy equipment that comes with the ‘awesome’ package at insecTV, is that you shouldn’t commit to a contract unless you’re really, really, really, really sure that its what you need, its what you want, and that you’re going to want it in two years with just as much passion or excitement.  There are a lot of companies that masquerade as your friend until they lock you into a contract and then you discover that you’re really bound, like so many periodicals, to servitude, slavery, and to eat pudding with cement mixed into it.  And after watching enough episodes of House on satellite television, I’m confidently going to announce that I’d no longer like to eat cement, I’ve seen what it can do to your intestines, and I don’t want to undergo that kind of surgery to get it out of me.

What do you want now?  What do you think you will still want in two years that you want now?

Stock Items Market

June 8th, 2008

With the price of grocery items going up all around the shopping aisles I’ve been thinking about ways we can reduce our grocery bill.  That’s not a huge surprise, I’m sure.  Yesterday while on an errand trip with the family my wife asked me if we could run over to the farmer’s market near the mall we were at.  I conceded (much more willingly than a certain political candidate did recently) and we went over to what was a sad excuse for a farmers market.  There was one farm there and the rest of the booths were bread makers, people re-selling pictures they’d picked up in bulk somewhere else, and young forever products.  However, the one farmer there was selling produce at a price significantly lower than our local grocery store for much of the items (except artichokes).  It just so happens that we’d already picked up produce earlier in the week, but my wife did pick up tomatoes and a huge bundle of green onions.  She picked up more tomatoes and onions for $2.50 than I would have expected to buy for $4.00 at the super market – only fresher and larger and greener (or redder in the case of the tomato).

Check out your local farmer’s market and make sure the fresh produce in your diet (you do have fresh produce, don’t you?) is getting into your home for the best price you have available.  You’ll want to consider the cost of gas, but I predict that for many folks a savings of $10.00 or more will be possible if you buy produce regularly and in quantities that reflect a balanced diet.

The Paradigm Shift: Credit Cards Are Not the Problem

June 7th, 2008

As I had mentioned in an earlier post I’ve had a paradigm shift in how I look at credit cards.  My past attitude is that credit cards were evil without much in the way of exception.  I don’t have the same strong opinion any more.  Before I’m struck down with hate email or comments with great intensity let me clarify that most people who don’t like credit cards, when provoked to a good, long think, will agree with me.  The credit cards that get abused are a symptom!  Just like money isn’t evil by itself, credit cards are not evil by themselves.  If you pay off your credit card each and every month and maximize your return on the credit card’s reward program then the credit card is not a problem for you.

The symptom of debt is actually a symptom of the root problem: lack of self control.  If you understand where your finances are and you maximize your use of the card within the constraints of your budget, you might be able to pay for your family’s vacation in rewards.  James, a long time reader of my blogging (I don’t recall how James found me, but I’ve been grateful for the things I’ve learned from him and his commenting), actually left a comment stating that’s what he does some time ago.

My dad, a financially astute guy, uses his Discover card for as many expenses as he can and maximizes his rewards this way.  I have to admit to thinking this was crack smoking crazy until I realized that I was putting the blame on the wrong thing.  I’m not recommending everyone get as many credit cards as they can or that folks use credit cards if they can’t control themselves when they have access to the credit cards, but I am saying that I recognize that my previous stance was legalism.  As Romans 14:23b states: “…whatever is not from faith is sin.”  Don’t spend a dime that is not spent in reliance on the Lord.  This could be spent virtually with a credit card or literally with cash, but if you’re doing it out of compulsion and not in the abiding life of Christ, then its not the right attitude or way to be spending money in the first place!

This isn’t just a paradigm shift, this is a right-aligning with what the word of God teaches about walking by faith.  If I make a law about credit cards then I have failed to see the fullness of my relationship with Christ in the area I have created the law in.  I died to the law and the nature of the law when I was identified in Christ’s death, burial and resurrection.  I’m going to pay off my credit cards, cancel all but one, and then as I abide in Christ, I’ll focus on my heavenly relationship, knowing those earn eternal rewards, and use the Discover to maximize the earthly rewards which might just be used to help those in need (Romans 12:13).

Three Things About Gas and My Trip to Indiana

June 5th, 2008

With this last trip to Indy I was watching the price of gas because every ten cents of gas price increase cost me roughly $20.00 $10.00 [editor: fixed bad math from tiredness] more for the trip. My car is a Honda CRV, it gets roughly 32 miles per hour (not the EPA gas rating, but with AC and various other things in play, that’s the average). I had to drive over 1,000 miles and so that meant about four fill ups (including driving around in Indiana) per direction. Each tank fill up was 12 gallons or so [it holds 14 gallons, but you have to pick where you can get gas driving through Kansas]. We ended up paying closer to $4.00 a gallon at most locations. The first lesson learned: know the gas math of your trip so you’re not surprised.

I mentioned the $4.00 a gallon above. We left on Memorial Day Weekend. This is a classic time for gas stations to jack prices up. Somehow they don’t call it price gouging :) I watched the price of gas jump by ten cents between Thursday and Saturday when we left. By taking a day off and leaving one day earlier, I could have saved some money (though it would have cost me a day off).

Lastly, we’ve still got one Discover card and this Discover card has a special 5% cash back bonus on various purchased at different times of the year. We’re doing our best to pay off the discover card as quickly as possible. However, since I knew we’d be spending so much money on gas we pre-paid the amount we had budgeted for gas on the discover card to get the cash back bonus. This is part of a paradigm shift I’ve gone through, but I’ll write about that later. Credit cards are a major temptation when our minds aren’t focused on heavenly things and so we get caught up in their trap – a clarifying blog post will be forthcoming. We’re not using credit cards for credit, this was a pre-paid spend that will allow us to get some relief, minor as it is, on the cost of gas. We didn’t use it for anything but pre-paid, known expenses and came out having pre-paid more on the card than we spent. Between June and September Discover is offering 5% cash back on gas – we’re going to participate in that discount.

So: remember to do the gas math, remember to plan, as best as you can, around known pricing schedules, and figure out how to maximize your dollar.

With Gas This High…

May 2nd, 2008

With gas prices this high you’ll have fewer problems getting friends to join you for lunch in the brown bag club.  If they drive a few miles every day for lunch they could be spending a $5.00 bill every week just to pay extra to eat out.  Then, by wooing them into the frugality club you could ease them into doing other things more efficiently.

Random Coffee Tip

April 17th, 2008

If you find yourself at the grocery store and you find yourself buying coffee and you find yourself buying coffee out of those bins (which I should take pictures of so that you know EXACTLY what I mean) with the little pull levers that release the whole beans into the paper bags: STOP!  That isn’t to say that you shouldn’t buy that coffee as much as it is to say this: beware the funky flavored crud.

I had company in town and I didn’t purchase them the high end [high quality but not high priced] stuff I usually buy because they don’t like it (I offer and they generally refuse it).  But I did buy them what was supposed to be 10% Kona beans because I’m nice like that.  Except that the lemurs that put the coffee in the bins put the kona (read: hawaiian beans are in here) next to the hazelnut flavored coffee.  Note the word flavored.  That word should be a big warning sign.  They should label it, “Death star coffee flavored like hazelnuts so that the death will be sweet.”  But they don’t.

If you buy coffee that is supposed to be just plain coffee flavored out of the chute next to the flavored death star stuff then spill a little of the beans into the bag and then smell the beans.  Your nose should be able to tell if miracles have happened and your kona coffee smells like coffee or if the evil siths of hazelnut have taken over and your imported beans are really just polluted with bad ju-ju.

Save your money on the coffee that’s been polluted, report to a store manager that the devil responsible for putting the coffee in that chute should be chastised heavily, and then buy something else that may not be what you wanted, but will not be polluted.  Unless of course you’re into flavored coffee, in which case by all means just dump the arabica beans into the bag and proceed with your business.  I’m embarrassed to have written this post because I prefer home roasted coffee if possible.  But I’m a coffee snob and I have to deal with that burden every day.

Extreme Frugality

April 13th, 2008

What’s the most extremely frugal thing you  do?   A man I know lives on a corner and he parks his car on the street and backs the car around the corner instead of going straight because it wears his tires out just slightly less than pulling a U-turn and then taking a right handed turn.  I am insanely anal about turning off lights and computer monitors around our house (we have two).  I also like to keep “fart fans” on as short as possible in the bathroom (and wish I simply had windows upstairs, though the basement doesn’t need one in the bathroom).

Tonight we bought 30 bags of goldfish crackers at the grocery store because they were on special and that was the limit.  They cost us fifty cents each and so we spent fifteen dollars on enough goldfish crackers to last quite a bit of time.  Our daughters like them and the big containers can’t compete with that per-bag price.

So… what is the most extreme frugal behavior you practice?  Have you done anything above normal like buy thirty bags of goldfish crackers?

If You Must Watch TV – Watch it on the Cheap

March 29th, 2008

TV War - used with permissions of Creative Commons License: http://flickr.com/photos/midnight-digital/2269941524/If you like watching shows but don’t have or like the idea of paying for a DVR then save a few bucks and check out hulu.com.  It’s free to use and is sponsored by the TV networks.  That means that its free, legal media over the internet.  Yes, you have to watch it on a device connected to the internet, but I think that you can use a bunch of different devices that will do that, or you could just watch on a desktop computer or a laptop computer.

TV isn’t the most valuable thing you can do with your time, but its quite nice to have control over when you watch various things and know that the

How To Freeze Your Pillow

March 28th, 2008

I had written about freezing your pillow if you have allergies when this blog started last year.  Since then I’ve had various people link in looking for some sort of technique.  I guess I assumed that everyone would know to do the following:

  1. Remove the pillow case from the pillow (if you have no case on the pillow skip to step two)
  2. Acquire a plastic bag such as a kitchen wastebasket trash bag and hold it open while making sure that your head goes nowhere inside of the bag to avoid suffocation
  3. Insert the pillow into the plastic bag making sure that it fits in smoothly and is comfortable.  It’s going into the freezer so we have to at least be humane about the pillows placement in the bag
  4. Clear out space in the freezer that is big enough to squish the pillow into.  You may consider turning off the ice maker and removing the ice tray if that looks like it may fit some of the space of the pillow.  If you have a firm pillow you will probably want to fit the pillow in a width wise direction rather than causing lots of tension in a depth wise orientation, it could open the freezer and reduce the effectiveness of pillow freezing.
  5. Freeze the pillow for a work day while you’re out earning money
  6. Remove the pillow from the freezer and bag about an hour before you go to bed so as to let your head lay down on a warmish pillow
  7. Sleep well

Dealing With Collections People

March 25th, 2008

We don’t generally have to deal with collections.  To my knowledge I have been ahead or on time with all of my payments for a year and a half.  Unfortunately this last Saturday we got a call form a store credit card collection agency that I was completely unaware of.  My wife was also unaware of the problem as we ran into some issues with email notification and spam filters combining to a net gain of nothing and a net loss of a stupid interest rate and late fee.  We’ve paid the card and now we’ll cancel it.  I don’t like store cards and I don’t know why this one was signed up for, I think my wife was offered tremendous savings of some sort.  We’ve lost the savings, but gained a lesson.

When dealing with a collection person remember several things about their job:

  1. Their job is to get money from you
  2. They are rewarded for getting money from you
  3. They are trained to ignore your personal situation and to demand money
  4. They hear all sorts of everything every day and are numb to what you have to say
  5. Rational discussions don’t mean anything because their job is not to be rational, it is to get money from you

So in dealing with these people, and they are people, though they may seem like monsters or jerks or rude people, just realize that their job is not to wave fees, reduce penalties, take your side, or help you get things straightened out.  In fact, in most cases you shouldn’t even talk to them.  The best way to deal with them is to not deal with them.  Instead, if you get a call from a collections agency, find out who it is they’re collecting for and then call the company they’re collecting for and bypass their job’s inherent socially aggressive issues.

Remember that they’re trying to figure out your payer type.  That is they’re looking for the type of person you are to find the argument that will talk you into paying them right now, which means they get rewarded. As soon as they get rude tell them they can stop being rude and work with you or you’ll hang up.  They may respond in various ways, but in the end don’t let their attitude cause you to get worked up.  This is what happens to me when I’m discussing things with people and they begin to ignore intellect and rationality.  They know that if you’re emotionally charged that this will get you to act one way or another.  Don’t let them get you worked up.  Hang up first.

Remember that if you’re legitimately in debt to someone you should attempt to pay it as soon as possible, but don’t let their problem be your problem.  Tell them that you’re glad to know the total you owe and you’ll figure out how you can go ahead and pay it on your time and schedule.  Say, “Thank you, good-bye,” and then hang up.  Don’t give them a foot in the door.  Hang up and then genuinely figure out how you can pay your debt and put it behind you.