Posts Tagged ‘money’

How Much For TV?

posted by Heidi

tvLately, I’ve been feeling the “money pinch”, like a lot of other people out there with the current economy. So recently my husband and I sat down to take a look at our expenses, we wanted to see where we could cut back or what we could cut out entirely. As we were going down the list, my husband says, “WHAT?? We’re paying $85 for satellite TV every month? Are you kidding??” Nope I wasn’t kidding.

We never really realized how much we were paying every month for our very convenient, very nice, but very expensive TV provider. (I’m sure other people out there are spending more than we are.) However, what we didn’t realize is that we watch most of our TV Shows, News, Movies.. etc online, for free, well plus the cost of Internet services. So, we decided to keep our Internet and cut out satellite TV.

Well the shut off day finally came and I was apprehensive. I didn’t know whether we would be able to really live without our USA, TBS, TNT, Discovery, History, HGTV, DisneyMTV… etc with the convience of our satellite (and DVR). We hooked up our TV to an antenna and we signed up for Hulu and Netflix to help keep us up with our shows and movies. The day came and went and we didn’t really notice a difference, other than we don’t have the TV on as much as we used to. We’re spending more time outside (things might be a little different when Winter starts), we’re playing more with our kids, we have more time to read our books, and we don’t miss our satellite, not at all! It feels really liberating to be free of the monthly cost of our satellite.

This also got me thinking about satellite and cable’s future. With more and more people watching TV online, more shows are becoming available online and other technology tools will soon be coming to the masses; GoogleTV and HuluPlus, just to name a few. Wonder where the relationship of TV and the Internet will take us in the next 5-10 years. Something to ponder about.

Do you have satellite or cable services? Is the price worth it? Were you aware of  how many TV programs are currently available online? Have you cut back on any other “entertainment” costs?

It’s a big BIG world!

posted by Brannon

on-top-of-world1

I had the opportunity to go do a financial presentation with some great high school students from Bonneville High School in Ogden at the end of the school year.  It had been about 14 years since I had set foot inside a high school!  Boy did it bring back memories of being a student about to graduate and thinking that I was the king of the world.  (No Leonardo DiCaprio/Titanic puns intended)

I remember when I moved out into downtown Salt Lake City and remember thinking how I was going to buy all the brand name items (that my parents were too cheap to get), get a sweet ride, and go to the movies every night. Then, reality set in. My landlord wanted rent, brand name stuff costs more, and I could choose movies every night, or starve.

It took about six months of bounced checks, empty pantries, and avoiding the landlord to realize that I needed to start budgeting…and fast! So I sat down with an America First financial counselor and she steered me in the right direction. Sometimes it’s helpful to have someone else look at your finances and tell you what you are doing right and what needs improvement!

Banker’s Confessional

posted by YNF

Although this video is from our credit union friends in Alabama…I think it is a great message! Move your money from your bank to a credit union!

I Challenge YOU!!!!

posted by Lacey

Have you ever wondered, “Where did all of my money go?” Are you a continuous spender of random stuff and then wonder why you had bought what you had in the first place or simply don’t know what you have even bought? Welcome to the world of random spending and it’s effects on your bank account!

92231139With these questions on your mind, I challenge you! I want each of you to think of one thing that you could give up financially for one month. Do you think you can do it? I am not asking or challenging you to not make a car payment for a month or something critical, but to give up something smaller.

For example, I am going to be giving up buying specialty coffees for one month. I tend to be lazy and don’t always want to make my own coffee.  Buying coffee instead of making my own, I tend to spend anywhere from$ 5 to $10 a week! I could be saving up to $40  a month!

With that said, what will you give up for one month? How much could you or how much have you saved?

To Vacation or Not to Vacation?

posted by Lacey

86511200My husband and I recently needed to do a double take on our vacation plans. The vacation we had originally planned was going to be a two week trip across country. This sounded like a great idea and we have been saving money for this trip since last year. Our concern came when we saw the gas prices rise (again)! So, we needed to recalculate our spending. Did we really want to spend $1000.00 on gas just to take a trip?  We decided this was not what we wanted to do. We looked into trips we could take in a closer proximity to where we live. We decided on taking a trip to Yellowstone.

The point is, a little sensible cost saving doesn’t ruin a vacation.  In my view, the two biggest pleasures of vacationing are getting a break from work and hanging out with my family. Those work just fine being closer to home.

What about you, have you had to rethink your spending habits in order to achieve a similiar affect?

Benjamins Get a Makeover

posted by YNF

new-one-hundred-dollar-billBenjamins Get a Makeover

Get ready for a high-tech makeover of the $100 bill.  “It’s part of an effort to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas”, Federal Reserve Chairman Ben Bernanke says.

Benjamin Franklin is still on the C-note and Independence Hall in Philadelphia will remain on the back of the currency although both have been modified in ways aimed at making it harder to produce counterfeit copies of the bills.  Also, a disappearing Liberty Bell in an inkwell and a bright blue security ribbon composed of thousands of tiny lenses that magnify objects in mysterious ways. Move the bill and the objects move in a different direction.

But that’s not all. Tilt the note back and forth and the images will move side to side. Tilt the note side to side and the images will move up and down.

In addition, to the left of Franklin’s portrait, will be an inkwell that will change color from copper to green when the note is tilted. The movement will also make a Liberty Bell appear and disappear inside the inkwell.

The bill will be put into circulation in February of 2011.

Another Reason for a Credit Union

posted by YNF

Do You Waste Money?

posted by YNF

Do you waste money?  Here are some things I think we all waste money on:wasting-money

1.  Bottled Water. Getting your recommended 8 glasses of water a day from a bottle rather than the tap is just a waste of money.

2.  Gym Memberships. By the time you end up paying for that annual gym membership, you could have bought a treadmill and weight set.

3.  Overdraft Fees. These fees can run as high as $35 or even more.  Get a line of credit or keep better track of your spending.

4.  Pay to Use an ATM. Are you kidding me!  If you are a member of any credit union, you can use a COOP ATM at no charge all over the country!

5.  Impulse Buying. Just because something is on sale, or you think it is a deal you just can’t pass up — does not mean you should buy it.  (I do this with clearance clothing racks all the time!)

6.  Buy Name Brand Instead of Generic. Seriously, does it really taste that different.  From groceries to clothing to prescription drugs, you could save money by choosing the off-brand over the fancy label. And in many cases, you won’t sacrifice much in quality.

Most the time, the only person that knows you are wasting money is yourself.  No one looks at the tag on the designer shirt you are wearing or can taste the difference in your spaghetti sauce because of the generic brand of tomatoe sauce you used.

Saving Money on Text Books

posted by Lacey

Last year during my junior year of college, I heard about a rental textbook company that rented out textbooks to students for the semester and cost about half of the price than what I would usually pay for a textbook at the bookstore on campus.e00008155

Through this rental textbook company, I heard about a program that allowed students to become a campus representative. The campus representative position consisted of handing out flyers on campus and wearing a t-shirt with their name on it and in exchange they would let me rent the books that I needed for school for free for two semesters!

This program worked really well for me and I saved the expense of buying books for two semesters. Now I see a lot more businesses that have these campus represenative positions available for students.

So, if you are wanting to save on books you should look into the local textbook companies around your school for these opportunities.

Pursuing Life in Your 20’s

posted by YNF

Pursuing Life In Your 20s from www.20smoney.com

This is a great article — take a moment to read and let us know what you think

Much of this blog is typically about getting started early in work, career, saving, investing, blogging, whatever. Just as important as these areas is the area of life. If you’re like me, you graduated college (which we call the fun/free days) and then “got serious” about a career. Sure, I still had and have tons of fun after college even while focusing on a career, but it is very easy to get wrapped up in a job or a financial situation and lose track of living life. I want to comment on this a bit further…

The decade of our 20s brings many new things, a career, major financial responsibility, potentially a marriage, maybe even kids. At this point in life, it’s not like we don’t know how to enjoy life, it’s more that we’re starting to encounter new distractions that get in the way of life. Some of these are necessary, some aren’t.

Financial Stress
A major obstacle to life in our 20s is financial stress. Some of this stress is a good thing (i.e. wanting to save money), but much of it is brought upon ourselves. We can all but eliminate this stress but accepting a more frugal lifestyle. Live in a cheaper apartment, don’t go out to eat as much and don’t spend as much money on things. Instead, be smart financially by putting away a good amount of money each month and then enjoying yourself as a result of not worrying about your finances.

Pursuing Other Satisfactions
Since much of our energy goes into our budding career, and for single people, the rest goes towards a social life, we find it hard to put energy and time into other areas that bring us satisfaction.

For me, I would like to spend more time with my family, more time on my own business ventures such as this blog and more time pursuing physical training such as running and maybe a triathlon. Don’t get me wrong, I’m able to enjoy these things to a large extent, as much as is possible working a normal 9-5 job, but my goals are to be able to have a flexible lifestyle where I can pursue them even more.

For individuals who can’t really budge in terms of how much time is spent at work, I encourage you to maximize your time outside of work. You can do this by not watching as much TV, not spending as much time at the bar, and waking up earlier (so you can do stuff before work). These are all strategies I implemented while living alone, single and working fairly long hours.

Employee vs Entrepreneur
Most people ignore work when talking about pursuing life. I think that work can be a major part of your satisfaction that you receive in life. A major way to increase the satisfaction, at least for me, is to transition from employee to entrepreneur or business owner. Being my own boss is a major goal of mine. Not only does it allow me to work the type of schedule that I want to work, but I would love to see a direct relationship between my results and my own effort and being an entrepreneur is the best way to do this.

While most people won’t become an entrepreneur in their 20s, it’s important to just keep the goal present as you move forward in your career so that you can maximize your opportunities to learn skills and build relationships that will help you down the road towards this goal.

What are the ways that you pursue life in your 20s? How do you connect with people and find ways to be more satisfied?


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