$25 In Cash Or A $50 Voucher?

Posted on Aug 27, 2015 in Daily life | 0 comments

I  recently had the opportunity to choose between receiving $25 in cash or $50 in coupons for an item. There was a lawsuit involving a brand of tuna that I buy all the time and they were offering settlement payments to consumers. You had to fill out a claim and then choose between the following two options: $25 in cash..well actually a check would be sent out $50 in vouchers for the tuna Now the tuna is in cans and I actually buy a lot of it. I tried to think of which option would be better for me. If I chose the cash option then I could do whatever I wanted with the money. If I chose the $50 in coupons then I would be restricted in what I could use the money for…but I would have double the ‘income’ from that transaction. I finally settled on the $25 in cash  over the $50 in coupons because that just made more sense in my situation. While it would have been nice to have that extra money, I did not really want to have to buy $50 in tuna. Now I don’t know how long the coupons would last for and I possibly will end up buying $50 worth of tuna by the time the coupons expire but I just feel that the cash option was my best choice. Which would you choose? Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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About To Start CVSing Again

Posted on Aug 24, 2015 in Daily life, Save Money | 0 comments

About To Start CVSing Again

Hello everyone, I used to go to CVS quite a bit to take advantage of their Extra Bucks cash back program. It was easy for me because there was a CVS on my way to church and work and I got the Sunday newspaper, which was full of coupons, for FREE. I then moved out here for school and it has not been so easy. There was not a CVS close by and the local newspaper did not have all the coupon inserts that I used to get. I would also have to pay for the paper so it just did not seem cost effective. Recently a new CVS opened right across from the school. What is great about it is that I have to walk right past the store in order to get to my car. I have also gotten a few coupons for free lately so I can use those as well.   I was given a free $10 CVS gift card so that will be the basis for me starting up my CVSing once more. I am going to use the little spreadsheet to track my purchases and coupons used, and will report how much I spent out of pocket. My goal is to have this be as close to zero as possible. Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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Is It A Good Idea To Pre-Pay Your Rent?

Posted on Aug 20, 2015 in budget | 0 comments

Is It A Good Idea To Pre-Pay Your Rent?

I was speaking to a new friend who just moved to my apartment complex. She told me that she had prepaid her rent for the whole year so that she did not have to worry about it. I told her that I did not think it was a good idea to pre-pay the rent especially since she had such a large rent bill and the money could have been put to some other use. She pays $450 a month and she paid 12 months up front. That means she paid $5,400 to the complex and no longer has use of that money. I told her my strategy was to pay with my credit card and then pay the credit card monthly. Of course I could also prepay a few months and pay the credit card that way as well. My friend then informed me that she would only earn about $2 interest if she kept the money in the bank and it was not worth it. I realize that the money is already gone but I really want her to change her mindset. I don’t know what her interest rate is but let’s say she really only got $2 in interest. If she used the credit card strategy she would have made more than that.   The card I use for my rent pays 2% so she would get $9 per rent payment. At the end of the year she would have gotten $108 in cash back just for paying rent. Now this is not a mind blowing sum of money, but for a college undergraduate it adds up. The other thing is that by pre-paying the rent she is giving the complex an interest free loan for a whole year. She could have put that money to better use doing something else…even if it was to earn $2, which would have compound interest with every redemption that takes place. She still does not believe that is what it would come out to be and thinks it is not worth it to wait for the rewards to get cashed in. Meanwhile, I will continue to pay my rent with my credit card because there is no fee for doing so. Any reward I earn is 100% mine to redeem. Do you think it is a good idea to pre-pay your rent? Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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Friday Finances: August 2015, Week 2

Posted on Aug 13, 2015 in Finances | 0 comments

Friday Finances: August 2015, Week 2

Every Friday I post about my finances for the week in an effort to monitor my income and expenses. I used to post all of the actual figures but I have recently decided to stop doing this. I will now post SOME of my actual expenses and leave the rest to your imagination. All income and expenses are recorded in Mint and any amounts are rolled over into the next month. This week my expenses were: Rent, which is now at a slightly reduced rate. My electric bill will be higher moving forward because the company that bought my apartment complex no longer offers the energy cap that posted as a credit to our account. I spent $34 on household items that needed to be replaced and although I really wanted those items I feel that prices were a bit high. I also got paid this week, even though we did not get paid on the first of the month because that was a Saturday. A few of my colleagues were almost in panic mode because we had to ‘wait’ until the 3rd to get paid as that was the first business day of the month. I always find it hilarious when people become almost distraught by getting paid on a different date. If you have a budget set up carefully then you should be living off last month’s paycheck so three days should not destroy your world.   Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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Getting Ready For My Own Electric Bill (Again)

Posted on Aug 3, 2015 in Daily life | 0 comments

Getting Ready For My Own Electric Bill (Again)

My apartment complex just got bought out by a new company and they are having all residents switch over to having the electric bill in their own names. Now this is not a big issue for me since I have always done this in prior complexes. It was just unusual here where I was brought in under a plan that offered a cap in the form of a credit on our electric bill. We paid the apartment complex for the electricity and they dealt with the power company. The issue I have (potentially) is that I am not sure if I will be getting  a new person in the apartment. I don’t like the term room mate because that sounds like we share a bedroom and that is not the case. Anyway, I am supposed to have the electricity in my name as of the 5th of this month, but new tenants cannot move in until the 15th. When I filled out the application it stated that I may be charged a $135 application fee/deposit if my history for the last 12 months could not be verified. Here lies the problem….my electric history is with the apartment complex…so unless they write a letter and the power company accepts that letter I may be faced with a huge bill. To compound the fact, the new tenant will not want to refund me half of the charge because she was not present at the time of the bill being set up. Sigh! Oh well, we will see how this all plays out. Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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Friday Finances: July 2015, Week 5

Posted on Jul 31, 2015 in budget, Finances | 0 comments

Friday Finances: July 2015, Week 5

Today is the last day of July and it is time again for the Friday Finances post. Every Friday I post about my finances for the week in an effort to monitor my income and expenses. I used to post all of the actual figures but I have recently decided to stop doing this. I will now post SOME of my actual expenses and leave the rest to your imagination. All income and expenses are recorded in Mint and any amounts are rolled over into the next month. This week my expenses were: $7 for the car inspection. It used to be more than that…I think about $12 or $13 but I am too lazy to check now. We used to get a sticker but now all you get is a printout that you keep in your car. I wonder how this will all play out for  the first year with people driving around without a sticker and getting pulled over, only to find out they have a printout. I am sure there will be people who will drive without an inspection sticker and pray they don’t get pulled over. You need the printout to get your new registration sticker…however I got my new registration one month before the inspection expired and I am sure there are other people whose dates don’t line up. Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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Friday Finances: July 2015, Week 4

Posted on Jul 24, 2015 in Finances | 0 comments

Every Friday I post about my finances for the week in an effort to monitor my income and expenses. I used to post all of the actual figures but I have recently decided to stop doing this. I will now post SOME of my actual expenses and leave the rest to your imagination. All income and expenses are recorded in Mint and any amounts are rolled over into the next month. This week my expenses were: $31.71 for the phone bill. Yes it was higher this month than my normal spending because I had some extra charges last month from my trip abroad. I had to buy a data plan while I was away and there were some taxes and fees associated with that. The good thing is my portion of the phone bill will be going down again next month!!!! I spent $29.34 on food this week and the fridge is now full of things that I don’t seem to want to eat. I do need to use up what I bought before buying more food though, because I do not want to waste money! Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new...

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