Posts tagged with ‘saving money’
When to buy an plane ticket
Can you afford fast food?
Fast food may have a reputation for being cheap, but in reality the dollar menu can end up hurting us more than helping.
Studies have shown that realistically, only the middle class and up can afford trips to the drive-thru on a regular basis.
If a family of five each orders three items off the dollar menu, the meal total comes to $15 plus tax. For that same $15, the family could have had homemade lasagna, chili or roast chicken with potatoes and vegetables — a much better substitute for greasy cheeseburgers and fries.
Fast food provides your body with a load of calories, fat and sodium, with very little actual nutrition.
If you’re already shopping at the grocery store once a week, chances are you already have food at home that you’re neglecting to use.
While fast food may seem like a cheap and convenient alternative to making a full dinner at home, it really ends up robbing you of your money and your health.
Finding money to save
Are you a frequent flier, restaurant regular, or java junkie?
Most of us have a money pit that’s hard to avoid, but if you can harness some of that cash, your finances will thank you.
This week, the average yield on a five-year CD is 1.71 percent. Depositing $1,500 will result in $132.71 in interest at the end of five years.
EverBank has CD that gives investors exposure to the volatile commodities market with a downside guarantee: 100 percent of the deposited principal is guaranteed. And there are no account fees.
Of course, there are a couple of caveats. The minimum investment is $1,500 and the CD is only available for purchase until March 17.
The investment is locked in for five years with no early withdrawals, except in case of death. But even kicking the bucket won’t guarantee a 100 percent refund of principal.
The ultimate payoff after five years is determined by the returns over that time period. The interim returns are added up each year to get the cumulative return. It could be a nothing or anything above zero.
There’s also a participation factor calculated into the payment. The tax implications are a bit trickier than your average CD, too.
What do you think, worth the risk?
Talk frugal to me
A penny saved is a penny earned. And Jim Wang, founder of Bargaineering.com, a Bankrate company, has saved a lot.
Whether you want to frugalize your home, insure you pet, grow your own produce or get more bang for your Groupon buck, Jim can help.
Ask Jim how he saves money, so you can, too!
The event will be here at 2 p.m. EST, Tuesday, Feb. 15.
Bring your personality, because our live chats are always fun. Go ahead and request an event reminder!
The skinny on battling the bulge and budgeting.