Chest Freezer- The Best Money Saver.

  By Christian | August 15, 2012 - 11:00 am | saving money
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Buying a freezer saves a large amount of money over time. The larger the size of the freezer, the more money it saves. A chest freezer which has more storage space is the right freezer to buy if you want to save money. The following are the advantages of buying a chest freezer.

You Can Buy Things in Large Quantity at Cheap Rates.

Buying groceries in large quantities is always cheap. When you have enough storage space in your freezer, you can buy your necessities in large quantities and you are sure to get them at discounted prices. There are also seasonal items which are very cheap in their season. Buy them when they are cheap and store them in your freezer. A chest freezer, thus, allows you to buy things in bulk at very low prices and the savings you make will amount to a large sum over time.

You Can Buy Perishable Products at Cheap Prices.

Meat, fish, vegetables and fruits are extremely perishable and the sellers will try to sell their stock before the expiry date. They will be ready to sell these items at very low prices as the expiry date approaches nearer. This is your right time to buy these items. By allowing you to store the perishable goods you buy at cheap rates, the chest freezer save you a lot of money and keep you out of trouble.

You Can Curtail the Cost and Time of Cooking.

If you have a chest freezer, you can cook food in bulk and keep the leftover in the chest freezer. This saves you both fuel and cooking time. When you have cooked food at home, you don’t have to run to fast food restaurants every time you feel hungry. A chest freezer, therefore, is the right choice if you want to keep your budget under control.

 

Safety deposit boxes VS safes

  By Christian | August 5, 2012 - 11:00 pm | saving money
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All of us want to protect the valuable items of our life from the reach of thieves and criminals. This is equally true about the billionaires of the world as well as the average Joes. One of the major opportunities for securing our valuables is by purchasing or renting a safety deposit box in a bank.

How does the deposit boxes with banks work? In most cases, the banks charge you a fixed amount for leasing the box. This is typically charged once every year and is taken from your bank account. This is a good opportunity for people who have a variety of valuable items that need to be kept away from the arms of your enemies.

 

What about people who do not have a lot of valuable possessions? In case of these people, the cost of paying the bank a fixed amount on an annual basis is not worth the effort. They can purchase a safe for their home for as low as $100.

 

Now, you may find a variety of firms that provide standalone safes that are fire and water proof and falls within your budget. In addition there are many levels of ratings for safes. By purchasing one of these safes, you can save on the recurring cost of leasing a safety deposit box.

 

Proper planning – Key to peace of mind in retirement life

  By Christian | August 3, 2012 - 12:49 am | retirement
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By their nature, the Canadian people are a very hard working lot. They work very hard at their job and pay the necessary tax to the federal and state government as their share of contribution to the country as well as their fellow citizens. All through these years, they contribute a portion of their hard earned income to secure their financial independence during retirement years. A portion of this is going to be in social insurance managed by the government controlled authorities.

 

In addition to your social insurance, you must secure a few other income sources to be tapped during your retirement years. A steady lifelong retirement income streamcan help you to accomplish everything that you want to do in your retirement years. As human beings are staying healthier in to their eighties and nineties, it is really important on your part to plan wisely and secure retirement savings for at least 20 years of retirement time.

 

You can allocate a portion of your retirement savings in to guaranteed-for-life income generating investment opportunities and the remainder in to variable income generating investment opportunities. Obviously, the former will ensure safety while the latter will help you to enjoy what the world has in store for you.

 

The Perils of Payday Loans

  By Christian | July 21, 2012 - 7:00 pm | loans
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It’s the end of the month. Your rent is coming due. Your hallway table is piling up with utility bills. Your cupboards contain a can of beans, a jar of olives and half a box of spaghetti. But the worst thing of all is you don’t have any money left in your account. Payday is 10 days away. What are you going to do?

 

There seems to be a solution. On the corner of a street near you is what many refer to somewhat charitably as a “€œnon-traditional bank.”€ It is a small storefront, covered with neon signs. The signs advertise check-cashing, faxing, and short term loans. You enter the storefront and inquire about how to get one of these loans. Will this be the solution to your money problems? Actually, as you will see, using payday loans can make things worse. A lot worse.

 

First of all, you should know that the interest rates on payday loans can run into the triple digits. Credit cards have interest rates approaching 30% for subprime borrowers. Seem high? Consider this: payday loans can have rates as high as 599% for a two-week loan. This constitutes a fee of up to $23 for each $100 you borrow. Think about how much you are willing to hand over to this “œbank” for a short term problem.

 

Secondly, with interest rates like that, it is little wonder that borrowers have trouble paying the loans back on time. After all, if you had the money, you wouldn’t need a payday loan, right? Well, late payments lead to more fees, and eventually after repeated late or missed payments, the bank will report your situation to the credit reporting agencies. That will be the start of a number of problems. Having a black mark for late or missed payments is bad enough. But it also matters that the delinquency is for a payday loan. Anyone who is assessing your credit to see if you are a good risk will see that you were using this type of credit. Users of payday loans are not known to be good credit risks, and you might be denied, or end up paying higher interest rates that you otherwise would.

 

Thirdly, you will have to pay it back. And all that money that you are paying in interest will mean that it will take even longer for you to dig yourself out of the hole you got into. You could end up paying ten times the amount of the original loan. That is money that you could have been putting toward other expenses- your utility bills, filling that empty fridge, paying your rent on time. Would you rather be giving it away, or spending it on things you really need?

 

There are other things you can do before you take on a payday loan. Swallow your pride and ask your landlord for an extension. What have you got to lose? Contact the utility company and see if you can get assistance. Perhaps there is a payment plan that will allow you to break your payment into smaller chunks. If your budget is a recurring problem, seek credit counselling. You will learn how to manage your money better so that it lasts throughout the month. Resist the temptation to get a payday loan. You won’t regret it.