I’d be lying if I told you that I think TV is an essential expense. In my household, we cut the cable almost two years ago, and after the initial whining the kids figured out how to entertain themselves just fine.
Still, for most families this solution seems radical, so let’s look at ways you can cut your bill, without abandoning your service.
Sometimes, a tempting offer may make you rethink your 401k rollover strategy…
Archie wants to know:
I am seeking for your insight advice to roll over my 401K. I just got lay off two months ago. I am 37 years old with 2 kids. One insurance company, North America, is giving me 11% bonus to my investing lump sum to open an IRA account but have to stay with them 14 years. I do not know if I should invest my money to this insurance company or go somewhere to invest to get more return for my kids later to go to school. Please give me some suggestions as to where should I go to have my money invested and what types should I go base on my age.
We live in a consumerist society. Even after a long, painful recession, most of us still feel entitled to consume more than we can actually afford. Over the years, Americans have learned to expect a certain standard of living that previous generations could only dream of. We want more of everything, we want everything to be big and new and shiny, and we love to surround ourselves with every new gadget possible and with daily, expensive luxuries that really add up. Take a look at the following three habits. If you see yourself in that list, it’s probably time to cut back, save more and spend less.
Let’s borrow a term from economics. Do you tend towards looking at your finances in a macro (big picture) or a micro (bottom up) way?
In other words, do you just worry about the direction of your assets and overall numbers, or do you look at every little expense separately?
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The amount of money we spend on transportation is incredible. While gasoline prices have dropped in comparison to the summer of 2008, fueling up your car is still an expensive proposition. Since the United States driver hasn’t figured out that a smaller car uses less gas, we need to find other methods to save money while still getting around.
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Sometimes, the prudent thing to do may not be such a simple decision.
Much of our society is build around trust and the general notion that most people are honest and nice. The refund system, for example, wouldn’t work in some countries because too many people would use the product and then turn around and try to get a full refund. Self service checkout is another brilliant idea that unfortunately wouldn’t work in many places around the world.
As a result of our honesty and our selfishness to play by the rules, everyone benefits.
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