Category: Work at Home

work at home describes any task, job or specialty that can adequately and satisfactorily be performed in the home without creating a hazardous or unsafe environment.

  • A Credit Card Spending-Reduction Savings Plan

    Avoid impulse buys

    Having a credit card is very convenient since carrying large amounts of cash creates unnecessary security risks, like the inability to trace it in case of loss or theft; and a credit card seems to have a strong enough attraction which makes it kind of difficult for you to leave yours at home. However, with the many advantages offered by credit cards also come disadvantages. Since you can always buy things without carrying cash around, you are always tempted to buy something on impulse that you may not need.

    So if you have excellent control with your finances then you are to be commended; but if you have a hard time managing how much you spend on your credit cards, then these simple pointers outlined in the following paragraphs can be of great help you.

    Get organized & evaluate

    First and foremost, obtain your credit card records to have a better idea of your spending. Be sure to double check the records for errors and ensure accuracy by comparing your records against those of the credit card company. A good example would be to find out if you have outstanding debts that should not be there, as well as the accuracy of the listing your past and present address listings.

    Evaluate your credit card

    Go over your recent credit card records and look at the interest rates. Some credit card companies have promos wherein they offer lower interest rates for a period of time and this promo may already be over yet you have no idea and are already paying at a higher interest rate. Also take note of the membership fee which some charge card companies charge annually since some membership fees can be very high. Consider cancelling such memberships if you are not a frequent user.

    Pay promptly & manage debts

    It is important to pay your bills on time since it can have a negative effect on your credit record or rating if you are a habitual late payer. You will also be able to avoid getting charged because of not paying on time. Try asking the credit card company to remove the overdue charge if you have forgotten to pay it on time for the first time, some companies will be willing to work with you, as a reliable excellent payer.

    Managing your debts is a key part of the whole equation, so that if you see that you have more debt than is comfortable for you, think ahead and plan out how you will repay it or at least reduce that debt. Devise a way to pay more than what is required of you so that you will have a reduced payment schedule. Prioritize the card that has the highest interest rate. Do not bring your credit card always when you go out for a stroll since temptations are usually in ample supply.

    Reduce your bite sizes

    As the saying goes, “don’t bite off more than you can chew”; which is translated to mean, do not spend more than you can afford. True, a beautiful gold bracelet may be enjoyable to wear but the price tag may mean paying a lot for the next several months. If you are bent on saving money when using your credit card, unnecessary items like jewelry and the like should be at the bottom of your priority list.

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  • Family Budgeting Requires Focus on Goals and Priorities


    Budget tug of war

    The family budget can frequently be a source of conflict and dissatisfaction among family members. Most often a family’s financial decisions are undertaken by the person earning most of a family’s income, but whose decisions are not always acceptable to other family members.

    Understanding that money is such an intrinsic part of family life, it is important for families to reach compromise on this subject. In the following paragraphs I’ve outlined a number of steps which might be helpful in maintaining peace and harmony around when dealing with the family’s budgetary concerns.

    Set your priorities

    Priorities are different from goals. They are aspects in your family’s life that you, as a family, want to focus on – like health or a future for your children – while goals are specific targets that support priorities.

    In setting priorities, do not set too many, as it defeats the purpose. Ideally there should only be one, but because life is not ideal, 2 to 3 are reasonable.

    As the priorities are set and agreed upon, write them down. Post the paper where everybody can see them to remind them of what your family is focused on for the next few years.

    Write down your goals

    Once the family has set and agreed on priorities, the next step is to set the family goals. Goals are specific and measurable conditions that, when achieved, will support the priorities.

    In setting goals, establish a target that is both challenging yet achievable. A 10-15% of the family’s income is a good savings target for a child’s future education: stretching yet reachable.

    Make every effort to get your family into a goal-defining, priority-setting frame of mind in order to maintain focus.

    Work towards your goals

    After setting your priorities and goals, start living by them. All of the family’s activities must be geared towards working at your goals. Track progress, particularly on financial goals, by using an income and expense-tracking tool. The simplest way is to get a notebook and list down all expenses & incomes, and set a budget for future spending.

    There are those that invest in computer software or a family accountant. Whatever it is, the important thing is to have a system of monitoring the family’s performance towards achieving set goals.

    Evaluate your family life

    At a certain point during these exercises, when you feel like it’s time to evaluate your life, check how your family is doing in relation to the goals. Goals that have been achieved can be checked off the list, and new ones can be formulated.

    At times, in major changes like a career move, or when a family member goes away, it might be a good time to re-evaluate priorities. When such a time comes, it is reasonable to assume that a new cycle begins; just like the overall reason we all try to get the most out of our available resources. That’s life!

     

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  • Practical Tips and Techniques for Saving Money

    Saving money is not as hard as it seems. Here are ten practical tips and techniques that you can use to create a robust money-saving regimen without changing your lifestyle.

    1. Replace incandescent bulbs with CFL (compact fluorescent) bulbs – CFL bulbs consume 80% less energy than incandescent bulbs, but give the same illumination. Make sure to buy only lamps and bulbs that have the Energy Star rating to ensure quality compliance.

    2. Make a list when going to the supermarket and stick to it – Anything that is not on the list is not a “need”, but merely a “want” so avoid busting your budget for unnecessary items. Buy non-perishable consumables in bulk to benefit from the bulk discounts.

    3. Use coupons when available – Take the time and have the patience to clip and organize grocery coupons. When added together, savings from using all coupons in one grocery trip can be as much as $20-$30. Purchase dining and shopping coupons online and print them at home. Doing so can save you at least 50% on the face value of the coupons.

    4. Buy online, whenever possible – Online stores pass their savings from rental costs and warehousing to the online consumer, thus they can afford as much as 70% off their rack price. When buying items online, Google it first together with the word, “discount code”. This can give you further reductions on the item you want to purchase.

    Try also online bidding: they offer at least 75 percent off the original purchase price, for practically new (slightly used!) items.

    5. Take lunch to work – Buy potato chips and soda from the grocery and make a homemade sandwich and pack them in a brown bag.

    6. Eat homemade dinners as often as possible – Plan menus that are practical and easy-to-cook to encourage eating at home. Save money by dining out only on special occasions.

    7. Use everyday pantry items for skin and body care – Cucumbers, honey, milk, lemon, salt and baking soda are some items in your home that can also be used to take care of your skin.

    8. Avoid shopping to de-stress – Try walking around the park or watching a movie instead.

    9. Bring your own sodas and snacks when watching a movie – The cost of sodas and snacks are at least 25% higher in movie houses. Plus, homemade popcorn tastes much better: you can put on all the salt and butter you want!

    10. Pay off your credit card balances each month and avoid finance charges – Better yet, use cash as much as possible, unless using plastic will give you a better deal (0% interest on appliance purchases, or cash rebates).

  • Patience – A Money-Saving Virtue in Fast-Paced Society


     

    Chances are you have heard it said that ‘patience is a virtue’, the old adage that suggests you wait, bide your time and things will work out for the best. It’s an adage which may be lost on today’s technological generation where instant gratification is craved by most. That having been said there is still a place for patience in today’s society – notwithstanding all the past-paced life styles – because patience often create its own rewards.

    It does however, take some character to exhibit such levels of moral excellence, but did you know that by doing so, you could save money at the same time? Read on to find out how you can economize by embracing the virtue of patience. Have the patience to walk instead of drive. It saves you money on gas, auto insurance, maintenance costs, parking and the many stresses of driving. Walking improves your health and well being while simultaneously saving a lot of money.

    Patience suggests you to compare before you buy – From personal clothing to health club memberships; from plumbing services to insurance plans; from car accessories to a new home. Compare the offers of 3 to 5 suppliers or service providers before finally settling with one. Let them know that you are taking the time to search the market and they may just be able to offer you the most savings. Truly, the patient consumer is a winner!

    Use coupons as much as possible – Be patient in cutting them out and going through them before making any purchase. Pack them together with your grocery bag or in the car so you can use the discount voucher at every opportunity. A patient shopper often ends up being the smartest shopper who reap the rewards in savings of $20 to $50 just by using coupons.

    Track your expenses – Have the patience to keep your receipts and record all your expenses, no matter how small or frequently they occur. By doing so, you are made aware of where every single penny goes. Furthermore, you will know when you have spent too much on clothing, when in fact you still need to settle your credit card balance, or pay the mortgage. You will have better control of your financial health, by patiently tracking your finances.

    Hold-off and sleep on it – If you are about to purchase a $100 item, hold off the purchase until you’ve given it ample thought. Sleep on it for about one to two nights (or days). If after such time, you decide that you absolutely need and can afford the purchase, then go ahead. Nevertheless, you’ll be surprised at how much you can save by just sleeping on, and thinking things over.

    Devote money in long-term investments – Understand that when you are considering a long-term investment, you do not need the money immediately, and it is not considered as part of your daily bidget. However, such money when set-aside will reap great rewards in the future. Exude moral excellence by patiently saving for years to come, starting today.

  • Food Expense Slashing Tips and Techniques

    Thinking of cutting down your food expenses? Then you should read the following tips and techniques. They will surely help you in reducing your food expenses. This is by no means a comprehensive list of money-saving solutions but what is included should be very useful in formulating your own unique method for slashing food expense in your budget.

    Coffee drinker? Bread lover?

    If you are a coffee drinker you may have heard it said that re-using the grounded coffee once is a good idea; and it’s something that has been used by – and has worked for – others to help them save money. Using coffee grounds two times or more will not greatly affect the taste of the coffee, but it is highly recommended that you use a filter that is permanent and avoid the paper variety. Keep the grounds refrigerated until you are ready to use it the following day.

    If you are a For bread lover you know rthat grocery stores sell bread that was made the previous day at a much lower prices. There is nothing wrong with eating day-old bread since it is still good to eat, so if you have a lot of space in your refrigerator, store a lot for bigger savings. When you’re ready to eat the bread, you can defrost it using your microwave oven. Re-heat it every 30 seconds to prevent the edges from getting too hard.

    When buying from the supermarket

    Before going to the supermarket, you should have already made a list of all the things you really need. Prioritize basic goods and avoid buying things that you do not really need. Observe the prices indicated on the price tags. Remember, name brand products cost considerably more than store brands.

    It is also a good idea to keep the receipt of your previous trip to the grocery and make it as a basis for your purchases on your next trip. To have higher savings, buy more of the product. You can always store it in your refrigerator or in an appropriate place at your house to minimize too many trips to the super market.

    When eating out

    If you are going to eat in a pricey restaurant, the best time for you to go there would be during lunch. Food during lunch usually costs less and this will be to your advantage. When staying at the hotel on trips out of town, it is a good idea to check if they also include breakfast in your total room charge.

    You should also find out where the locals eat. Chances are, they will eat where the food is great and the price is even better. When travelling, take with you a few snacks and drinks or bottled water. A chocolate bar, chips, and cookies will go a long way while travelling away from home.

    Eating cheaply does not necessarily mean eating bad food. Look around and you will be suprised at the options you can choose from. Take time and consider your choices so that you will not only eat a lot but slash your dietary expenses as well.

  • A Few Common-Sense Ideas For Saving Money

    Money saving ideas 1 & 2

    Want to save money but don’t know how? If you feel like you have to deprive yourself in order to save money don’t be disheartened. Try these excellent money-saving ideas that can also make you look smarter and feel healthier:

    1) Reduce or eliminate magazines. If you are a typical American family, your mailbox gets its regular fill of magazines about business, sports, home & garden and such. Can you imagine how much each of these subscriptions cost? Annually, it is an average of about $20 per magazine. If your family is subscribed to 5 different magazines, that’s already $100 savings per year! If you still need the information from such mags, try to check out their websites and you’ll be surprised at how much free information is available!

    2) Buy in bulk – How can warehouse and discount clubs drastically lower their prices? Because they buy and sell in bulk. And so should you! Consumables that are non-perishable can be purchased 10-15% cheaper when bought in bulk. Be sure to stock up only on fast-moving items such as kitchen towels, cleaners, canned goods, and other similar products in order to avoid wasting money on rancid food.

    Save money with ideas 3 & 4

    3) Eat at home – Eating out has become an American lifestyle. What used to be an activity to celebrate special occasions has become part of the daily, fast-paced life. But did you know that eating out could chomp as much as 40% of your budget for food? That’s as much as $40 weekly, saved just by eating in!

    4) Plan your meals – Eating out 4X a week need not be your solution to a dynamic lifestyle. Menu planning is! Take time on weekends to plan for the following week’s meals. Every night, before you hit the sack, take out the ingredients for the meals of the next day from the freezer, and store them in the refrigerator. By the time you get home from work, everything is thawed and ready to be cooked. And because eating out is part of the American way of life, you would have saved enough money to spend for dining out on special occasions!

    Make your own stuff

    5) Homemade skin care – Is your dermatologist eating up your budget? Don’t you wish you can be beautiful and save money at the same time? The answer is yes you can! By using ingredients from your pantry, you can take care of your skin and still save a fortune. Try the following:

    • Honey and oatmeal can exfoliate dry skin!
    • Ginger seeped in a bath softens your skin!
    • Cucumber and milk softens tired skin!

    Without drastically changing your lifestyle, you have started your path on saving money. Secure your future by using these money saving ideas, today!

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