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Personal Finance Blog

Tips And Stories To Help You With Managing Money

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  • Saving Money In 2018

Living and Saving in the Moment

June 5, 2009 By Guest Posts

My three year old son loves to go to the grocery store with Mom and Dad. He wanders around with us, listening to our discussions about which products to buy, and quite often expresses his own opinions. He’ll remind us that he loves V8 Fusion (our preferred fruit juice, since it’s 100% and also is half vegetable juice) and often dallies for a long time near the Pepperidge Farm goldfish crackers, as I noted two years ago (and depicted as well):

Joe wants goldfish

As we shop, we make tons and tons of little decisions along the way. Those decisions, on their own, seem inconsequential.

Should we buy the bulk can of diced tomatoes or the smaller can?

These tortillas feel softer, but they’re way more expensive – is it worth it?

The free range whole chickens are on sale! Should we stock up?

A choice one way or another here might save us a dollar or cause us to spend a dollar more. In the eyes of many people, it’s an inconsequential decision – just make it and keep going. One dollar doesn’t make a huge difference, right?

The problem is that each little buying decision you make is deeply tied to other buying decisions, whether consciously or not.

How so, you might ask?

All of our buying decisions are based on a set of principles in our head, ones that are often so well-grounded that they don’t even pop up in conscious thought.

Here’s a thought experiment to help you see what I mean. Imagine a product you would never buy in a grocery store – pork rinds, maybe, or perhaps insanely potent hot sauce. Now, what about that product would cause you to not buy it? You’re likely to pop up an immediate simple answer – I don’t like the taste or it’s unhealthy – but on other purchases, you’re quite willing to overlook that principle for other reasons.

In truth, when we make a decision to buy in the grocery store, we’re trying to reduce a big set of principles and inputs down to one split-second decision. And often we feel we’re completely justified in that decision – and we move on with life.

It is very easy to tease apart each little buying decision, tell yourself that it doesn’t really matter that much and that it’s okay to splurge, and then essentially ignore your final tally when you get to the checkout because each decision was justified in your mind. Doing that, though, is a game that will, time and time again, put your wallet in the hurt locker.

So, what can you do to overcome this problem?

The easy methods are the shopping list and the meal plan. Making a shopping list in advance of your visit to the grocery store simply serves to reduce the number of decisions you have to make. This, of course, leads you to making fewer bad decisions.

But that’s just the start. Once you’re in the store with your shopping list in hand, commit to three more things.

First, simply do not put anything in your cart that’s not on your list. Your list, if it’s thought out at all, should have everything you need for your meals for the next week. If you see something you feel like you need or deserve, jot it on the back of the list for next time.

Second, mark any items that you’re not simply searching for the cheapest version of. On our list, I like to put a little X by any item that I don’t intend to just buy the cheapest version of. For example, with diced tomatoes, the various brands and cans are identical in terms of ingredients, so we usually just get the cheapest version. This, again, reduces the number of opportunities for poor impulse decisions in the store.

Third, if you have specific brands in mind (because of coupons or because of previous buying experiences), put those on your list, too, along with the size. For example, we usually have a big stack of coupons for V8 Fusion (100% juice, half fruit and half vegetable). So, instead of just writing “fruit juice x 3,” I’ll write “46 oz. V8 Fusion x 3? on the list. In other words, if you make the list more specific, you further reduce the number of potential impulse decisions in the store.

Using all of these techniques, you’ll end up making just a handful of in-the-moment choices in the grocery store – and with fewer potential decisions, you have fewer chances to make poor ones. The end result? A cart full of items that you actually want and a much smaller grocery bill.

By The Simple Dollar

Filed Under: Budgets

How to Use TweetDeck To Help You Twitter

June 4, 2009 By Sherry Tingley

Learning how to use Twitter is easy for some people, but for others, it is a struggle. If you sign up for a twitter account at twitter.com, you can easily see how to use Twitter, but you might wonder how you can possibly manage following more than ten people.

Actor Anderson Cooper was on the Kelly and Regis show this morning discussing twittering. Not only were they discussing twittering, he was twittering during the show. Kelly Ripa  admitted she doesn’t Tweet.  I think it’s time now that she learns how to twitter.  Anderson not only is a twitter fan, but has  221,110 people following him. He actually used his phone to twitter during the show.  

anderson-cooper-twitter-profile

Twitter applications have been developed to help you manage your twitter friends. I’ve read and heard about a lot of applications, but the one I like the best is called TweetDeck and you can download it from TweetDeck.com.  To the left you will see Anderson Cooper’s profile that you can access from TweetDeck.

What is fun about TweetDeck is that it has a tracking capability that let’s you track certain people or keywords that people are talking about.  It gives you 10 columns to use. For each column, you choose what you want to appear in that column.

For example, if you want to create a group of people that you know personally you can see what they are saying and their comments are all listed in one column. If you are tracking what people say about Iphones, you can choose that as a keyword and have a column for all the tweets about Iphones.

The reason that is fun is because you can then begin conversations with people who are talking about things you are interested in. In the photo below, you can see a sample of TweetDeck. I am only showing two columns because of space limitations, but you can have up to ten. There is a slide bar at the bottom of the application that let’s you quickly view all of the columns. You can also change your groups whenever you want. 

tweetdeck

 

Tweetdeck is free and very addicting. Be prepared to have a whole new world of friends. My twitter name is bluewaves1.  Join me in twittering today.

Let me know what your favorite Twitter application is by making a comment here.

Filed Under: Twitter Tagged With: tweet, tweetdeck, Twitter

What is Market Leverage all about?

May 23, 2009 By Sherry Tingley

Market Leverage

Why join Market Leverage?

Perhaps you have never heard of the affiliate marketing company called Market Leverage? No one has mentioned it to you before. Now, you are wondering what is is and how it can benefit you. Why is Market Leverage always recommended by the top bloggers?

John Chow  and Zac Johnson, two highly respected affiliate marketers are always recommending Market Leverage to their audiences. Why? Because it can make you some incredible money.

Zac Johnson says, “Market Leverage has been one of the fastest growing networks lately as a result of their aggressive ad campaigns and success with making affiliates money. Not only does Market Leverage have a nice amount of offers to choose from, but they are also one of the nicest groups of people around.”

John Chow has a good April Fool’s spoof on getting a job offer from Market Leverage. I know I fell for it hook line and sinker!

Market Leverage is the place where leading online and offline companies place incredible offers for getting customers to listen to their pitches. Hundreds of companies hire Market Leverage to have them send traffic to their advertising offers. 

If you run a website or own one and are you are wondering how to take it to the next level, think about monetizing it with offers from Market Leverage.

Signing up for Market Leverage is free.  Not only is it free, but the people that you refer to Market Leverage can benefit you.

Market Leverage is giving away a lifetime referral bonus for each Publisher you refer to their network!

Earn (5%) five percent of the commission for each and every Publisher you refer that signs up as a MarketLeverage Publisher.

Sign up now by clicking on the banner above.

How do you use Market Leverage to make money?

Market Leverage has hundreds of offers that you can choose from to publish. All of the advertising material is ready to go. You just send people to the offer and if the customer fills out a form or makes a purchase, you make commissions.

For example, if you have a site about finding money for start up businesses, then you might want to direct people to your government grant offer.  This particular government grant offer has over 5 beautiful advertising photographs and pre-written email letters just waiting for you to send to your audience.  You don’t have to come up with any clever gimmicks or advertising letters to get people interested in these offers. That has all been done for you.  One of the advertising photos for a government grant is listed below. 

Market Leverage pays you when people sign up for the offers that you send them to.

Warning: Payouts can be generous and addicting.

Filed Under: Affiliate Programs, Money Making Ideas Tagged With: affiliate marketing, making money, market leverage

How to Nail an Interview: 20 Job Interview Tips

May 21, 2009 By Guest Posts

After writing about how to negotiate your salary recently, a couple of readers pointed me to another job-related tool on the web. Steinar Skipsness has created a microsite called How to Nail an Interview. Here’s how he describes it:

What is it that certain people say or do during a job interview that makes them stand out? Why do some people struggle to find work, while others land a job in no time? I wanted to know, and the only way to find out was to experience the interview from the other side of the table. If I could be the one asking the interview questions, not answering, I could see first hand what made candidates stand out. I could then take that knowledge and cater my behavior in any future interview to give myself the best chance of getting hired.

To conduct his research, Skipsness rented office space in downtown Seattle, posted a “help wanted” ad on Craigslist, and then (legally) videotaped interviews with applicants. Skipsness received hundreds of resumes and conducted 28 interviews, from which he culled the following 20 tips:

  1. Your resume has 10 seconds to sell.
  2. Be on time.
  3. Turn off your cell phone.
  4. Know the company and why you want to work there.
  5. Bring extra resumes.
  6. Bring a notepad.
  7. Dress conservatively.
  8. Clean up your online presence.
  9. Don’t make jokes.
  10. Don’t babble.
  11. Don’t badmouth a boss.
  12. Don’t flirt with the interviewer.
  13. Don’t play with your face or hair.
  14. Some things are better left unsaid.
  15. Have good eye contact.
  16. Have goals.
  17. Have accomplishments.
  18. Have passion.
  19. Ask questions.
  20. Send a thank-you note.

For each item, Skipsness provides additional information (why should you send a thank-you note?), and for many of his recommendations, he includes video from the interviews that demonstrate what not to do. Would you hire this guy?

Filed Under: Finance

How to get your free triple credit report

May 11, 2009 By Sherry Tingley

Getting your credit report from the major three credit reporting agencies, TransUnion, Equifax and Experian  is easy to do and something you should put on your to do list if you haven’t done so already.

Tracking your credit is always a good idea. You never know when there have been errors made that will negatively affect you or if there has been activity on your credit cards that shouldn’t be there. Ordering credit reports can help you be aware of your credit power or in some cases your lack of power.

TransUnion Credit Bureau

TransUnion will send your credit report to you for free:

Phone number: (800) 888-4213.

You can actually get a credit score mailed to you by calling 1-866-726-7388.

You can file a credit dispute online if you see any errors.

Equifax Credit Bureau

The easiest way to get your credit report from Equifax is to call them at: 1-877-SCORE-11.

Their address is:

Equifax Information Services LLC
P.O. Box 105314
Atlanta, GA  30348
(866) 224-9235

Experian Credit Bureau

You can order a credit score for $6 by calling 1-888-322-5583.

You can get unlimited access to your credit report at CreditExpert.com

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Experian has corporate headquarters in Dublin, Ireland, and has operational headquarters in Costa Mesa, Calif., and Nottingham, UK. The Group employs approximately 15,500 people in 38 countries worldwide, supporting clients in more than 65 countries around the world. Revenue for the year ended March 31, 2008, was $4 billion.

I thought that was interesting. The other interesting thing about Experian is that it owns hitwise.com.  Hitwise  “provides insights on how 10 million US Internet users interact with more than 1 million websites, across 165+ industries.”

Free Credit Report From All Three Credit Bureaus

Getting a free credit report from all three credit bureaus can be done at AnnualCreditReport.com.

This is recommended by all three credit bureaus and is a free service if it is your one annual credit report.

Your Rights Under the Fair Credit Reporting Act

Here are some of your rights:

  • You must be told if information in your file has been used against you
  • You have a right to know what is in your file
  • You have the right to ask for a credit score
  • You have the right to dispute incomplete or inaccurate information
  • Consmer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information
  • Consumer reporting agencies may not report outdated negative information
  • Access to your file is limited
  • You must give your consent for reports to be provided to employers
  • You may limit “prescreened” offers of credit and insurance you get based on the information in your credit report by calling 1-888-567-8688
  • You may seek damages from violators
  • Identify theft victims and active duty military personnel have additional rights

If you have found some good places to get free credit reports, please let us know in the comment sections.

 


Choose from thousands of designs when you order your personal checks (up to 50% off bank prices).

Filed Under: Credit, Free Credit Report Tagged With: free credit report, free triple credit report

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