Hello out there. Yes, I’m talking to you. You, the totally responsible adult in the room, right? You, the guy or gal who has a real household budget and tracks all expenses you have to the penny every month. You, the responsible person that has an up-to-date will and all of your insurance policies are completely in order. Oh, and since you are that responsible person, you also have been maxing out your 401(k) contributions at work since you first became eligible and saving diligently for your retirement too. Yeah, right.
Most of us know what we ought, should, must, and are required to do that makes perfect sense to ensure our financial success, stability, and security now and in our future lives. The problem is that few of us actually follow through and do it all.
It’s kind of like trying to assemble something electrical or diffusing the wiring in a bomb and seeing that all the wires are the same color, no blues, or whites, or greens, only red wires. The instructions clearly warn you to avoid those red wires, but there you are staring at them and they’re all red! Why did God do that to us? Continue reading
I sometimes have said that you can blame Ralph Nader for all the mistrust people have in big business today. Those seeds were sewn a long time ago when Mr. Nader was a major factor in protecting consumer rights (you can check it out here if you’re too young to remember!). But whether you recall his consumer activism days or not, there were and still are some very good reasons to have mistrust even today. Advertisers often use misleading ads to separate you from your hard-earned cash.
We’ve all heard and seen those retail ads on TV and radio, in newspapers and magazines, or in our e-mail inboxes that make unbelievable claims and promises. Think phrases such as “it’s totally risk-free” or “thousands already saved on this amazing offer”. You know what I am talking about here. That too-good-to-be-true ad copy that frequently grabs your attention and makes claims that fundamentally and even deliberately mislead you! Continue reading
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A few years back, I wrote about a growing phenomenon sweeping the nation when shopping from home for food and groceries was starting to boom. It has done nothing but continue to grow and there are no signs of it going away anytime soon. In fact, you would be hard pressed now to find a major grocer who isn’t building their shop at home business. Until store pick-up and home delivery is replaced by the ability to “teleport” groceries from stores right to your kitchen table, it’s going to continue to be a popular option for all of us!
The Process of Shop at Home (SAH)
The ability to “shop at home” (SAH), to order your groceries online or through mobile apps, has been an incredible time saver and in many cases a cost saver, too! It’s generally the same prices you pay in the store, including all of the weekly sales and special pricing (although some stores do have different pricing). It may even be more advantageous on the SAH listings depending on which items you buy. You still use your savings/loyalty card to obtain the best deals, and you can use all applicable manufacturer’s or store coupons to maximize your savings. Continue reading
Boy, there’s a real question for the ages, isn‘t it? It seems that a lot of us find ourselves scratching our heads frequently trying to figure out “how to beat the system” and no matter how hard we try, we just can’t ever seem to do it. As we sometimes say, the emphasis is on “we” because when you really think about it, some people actually do seem to beat the system and usually that doesn’t seem to include us. Is that time well spent?
It certainly ruins most of your day when you sit and moan about how you “just can’t win” or you don’t have any luck. When you do that, you are probably dooming yourself to even more failures and future frustrations. Wouldn’t your time be better spent on trying to learn and educate yourself more every day so you have a better chance to succeed in your job or hell, everything in life! Trying to learn more and improve yourself will always improve your chances to beat the system. Continue reading
Often flying under the radar these days and almost forgotten about in the 21st century is a really good old friend that I grew up with as a child: the U.S. Savings Bond. Originally developed as encouragement to save (called the “baby bonds”) in 1935 during FDR’s first term during the Great Depression, they eventually evolved into the E bonds that helped finance and pay for World War II back in the 1940’s (War Bonds).
Like many things, it has changed since those days. As a kid in the 1950’s, I recall when I used to buy bond stamps and paste them into my bond folder. Eventually it grew and when held to a maturity date, it was worth $25. I used it then for some huge event in my life, like a new bike or some other big deal!
Years later, the E bonds became the alphabet soup letters of bonds such as F, G, J, K, H, and even HH bonds (which ceased being issued in 2004). Remember those? You would go down to your local bank branch and buy them at “half” face value, hold onto them until they matured, and eventually cashed them in doubling your money. The good old days, right? Continue reading
Sometimes, I find myself to be a little bit bored. Retirement can do that to you, and so a few days ago I got out some paper and started to jot down some numbers. I tried to figure out how much money I have earned and spent over the last 50 years or so. Where does the money go? It’s kind of amazing and also kind of scary too that I can actually remember all of this crap. What does that say about me, my money, and my life? For one, I may be a freaking money savant…or am I just a mentally ill moron? Um, let’s go with savant, ok?
A Rainy Wednesday and This is What I Choose to Do?
So I sat down and began to put numbers on paper to try to figure it all out. I thought hard about how much money I have earned over the course of my lifetime and wondered how and where I have spent it all, leading me to this fundamental question: Where the fu¢k did all the money go?
It’s hard to believe, but it’s that happy time again for those who have Medicare benefits and use Medicare Advantage plans when the open enrollment period begins on October 15th and ends on December 7th 2018 for 2019. You’ll get the hint I am certain when you begin seeing the massive advertising, mail, and phone calls about it starting any second, but this time around there is something to actually celebrate.
The good news just ahead for Medicare recipients are some potentially big savings. The over 60 million people who currently participate in the program (which has been around for over 50 years now) benefit from lower administration costs than private insurers have and that is despite the losses from fraud which it suffers from. But for 2019, things are about to get even better.
It’s rare that I can report to you that there’s such good news, but with very little fanfare and parades, this is the case thanks to the passing of the Bipartisan Budget Act of 2018, signed into law last February. The bill covers a lot of important and even controversial spending changes as it always does, but when it comes to changes that are lowering the cost to our healthcare and affect Medicare then bravo and thank you are in order! Continue reading
When I say “funny money”, what do you think of? The first thing I believe most people would say is that the term funny money refers to counterfeit money, you know the kind you see in those old TCM classic films about the mobsters in the 1930’s and 40’s and how they would steal or counterfeit bucks that they then used for just about anything they wanted. Except for one big thing and that’s paying for a get out of jail free card. Jail is if course where they all eventually wound up, at least they do in the movies!
Most of us will never come into contact with bogus money and even if we did, would we ever notice it? Probably not because the methods of making it have improved over the years and besides who of us actually carries any cash around these days as the use of cash has become less and less every year. Fake money therefore has become pretty undetectable in the 21st century.
Funny Money May Be Hard to Find But the “Funny” About Money Isn’t
I was thinking about this today. The subject of money is mostly a very serious matter and one that is written about in volumes every day, but it is also frequently mentioned as part of the punchline in a joke. That joke can absolutely make you grin or chuckle so much when you hear it, and it might just be because what is being mocked illustrates our overwhelming obsession with and about it. So I thought just for fun, I’d try and put together some of the funniest lines ever spoken about our money. So here is a compilation of funny, quick, short one liner jokes and sayings all about money. Continue reading
There’s no shortage of wrong information out there about car insurance. Unfortunately, making decisions based on car insurance myths can and will complicate your life and cost you money. “Millions of Americans really could use a refresher on what insurance does and does not cover,” says senior analyst Laura Adams of InsuranceQuotes.com. And there aren’t just one or two fake facts out there circulating about car insurance either. There are many and that list seems to grow longer all the time, adding onto itself year after year. So much so, that you may actually fear insuring your auto and make a wrong or stupid decision when you do!
Whether you are young or old, rich or poor, or just someplace right in the middle, you probably believe some of these ridiculous fake facts. You might have passed on bad info to someone else, like your kids or your friends. So here are 12 fake facts to rethink and get clear on to save yourself some grief and some money on car insurance next time you purchase it! Continue reading
Update 10/11/2018: The Social Security COLA for 2019 has been announced as a 2.8% increase.
It’s once again the time of year that we are anticipating information about the Social Security COLA (cost of living adjustment) for 2019. So, this is more of a “heads up” rather than a “super saving tip” you might say, for the over 60 million Social Security recipients in the US and even those who have relocated abroad.
As per usual, we already do have some clues as to where we are heading. Although the final decision for COLA for 2019 won’t be announced for another six weeks or so, here’s what I foresee as to what will happen. Brace yourself for it because it may not be good news. Good news is often hard to find when it comes to COLA and cost of living calculations. Continue reading