Oversized recurring expenses are the enemy of a responsible retirement plan. (That’s my opinion and I’m sticking to it!) The culprits at the top of the recurring payment lists are mortgage payments and car payments. When I retire, I won’t have either, unless someone wants to offer me a loan at 0% interest.
I found a new favorite store this weekend to save money – lots of it. I am probably late to this particular frugal spending strategy compared to many of you but better late than never for me!
For several years we have used a Capitol One Direct savings account to stash money for emergencies and other irregular expenditures. We opened the account through Costco because of the 0.24% interest premium. All that is coming to an end. Capital One has acquired ING Direct and, as of June 1, 2012, has ended its relationship with Costco. The interest rate offered exclusively to Costco members is ending at the end of 2012. I do not believe that we will maintain this account after that, unless ING Direct upgrades its account offerings.
It’s crunch time for last minute Christmas shoppers, including me. Tomorrow is the perfect remedy for us – free shipping![Continue Reading]
We are just a few weeks from closing on our condo in Long Branch Lakes. These are brand new condos and we were the first buyer. The developer put together a standard appliance package with some upgrade selections. We did not find a refrigerator option that we liked so we asked if we could buy our own and get credit against the final purchase price. The developer was agreeable.[Continue Reading]
I saved a little money this week in a couple of new ways. You may already know about them but just in case, here they are:[Continue Reading]
I rely heavily on personal computers for work and home activities. So do you. One of my objectives over the past couple of years has been to reduce the cost of computing in the one area where cost-control is easiest: software. I have found many free software applications that work as well or better than their costly counterparts. I thought I would share with you how this baby boomer uses free software to lower the cost of using a computer for every day tasks.[Continue Reading]
I admit it. I am generally old school when it comes to Christmas entertainment. I imagine there are lots of other baby boomers like me. We own the It’s a Wonderful Life on DVD and watch it every year. I also enjoy traditional Christmas carols when performed well. However, it’s hard to justify spending a lot of money on music that doesn’t get played often. To the rescue: Free Christmas Music Online.[Continue Reading]
Internet banks have become a popular place to stash money that we don’t want to invest and may not need for everyday use. The original attraction of the online banks was that they paid higher interest rates on savings and money market accounts than we could find at traditional local brick and mortar banks. That is no longer the case. Some local and community banks now offer rewards checking accounts that pay interest at rates that are two or three times higher than an online savings account or even a typical CD rate. You just have to know where to find them. I can help.[Continue Reading]