Life Classroom

July 10th, 2013

Negotiating with Credit Card Companies for Lower Interest Rates

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You may think that you are locked in to the terms you sign on to when you open your credit card. However, this is not always the case. Many credit card companies will negotiate terms with their cardholders, including the interest rate paid on balances.

You never know if your credit card company will consider lowering your rate without asking. If you want a lower rate, the first thing you should do is call and ask. Many credit card companies will honor such requests from loyal customers who have good (more…)

May 17th, 2013

Comparing the Cost of Utility Companies to Reduce Household Costs

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Many states have deregulated the energy companies. This allows you the ability to choose your own electricity provider. You can save money per kilowatt by comparing utility prices across the board. Energy companies bill you a certain price per kilowatt. Find out how many kilowatts you use each month by looking at your bill. The average household of four people use 1,000 kilowatts. You can keep track of your kilowatt usage each month by learning how to read your meter. Consider drying clothes (more…)

March 25th, 2013

Using Coupons to Reduce the Cost of the Supermarket Bill

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Couponing has received a lot of press attention lately, but this is actually a good way to save money at the supermarket. It doesn’t have to take a lot of time, and it can save a family ten percent or more off of their groceries.

Look for coupons in magazines, Sunday newspapers, and online. While there are plenty of places to look for coupons, make sure you only pick coupons for items that you actually use. Saving coupons for items that your family never uses will only (more…)

July 28th, 2012

Settling Debt and Getting Back on Track

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Is money tight?

In this particularly insane economic time, people might tell you to join the club, but I decided to offer something a little more useful. So, before you go deciding on things to cut back – like the Cable TV, that system you got from, or even the internet – take a look at some tips to help you get out of debt and get your life back on track.

1. Take Inventory – Yeah, it can be ugly totaling all those sums, but knowing how much you are paying and taking stock of all your typical purchases each month based against your income can really help you formulate a plan to deal with that debt.

2. Attack Your Debt – Find out which debt you can tackle easiest. For example, if a portion of your debt is going to a credit card and the amount is significantly smaller than the rest and you can easily pay it off then do it. The sooner you pay off that credit card, the less interest you will accrue over time.

3. Discipline and Reward – Think long and hard about what you are purchasing. Do you really need it? Will it be cheaper later on down the road? And, remember, just because you are trying to save doesn’t mean you can’t reward yourself for your effort, but be prudent and mindful.

June 9th, 2012

Where to Find Coupons for Household Items

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Saving money is an issue that concerns all consumers in today’s economic conditions. Finding coupons provides valuable savings and can cut the weekly bills by a large portion. There are several Internet sites that are a good place to look for coupons. Many of these sites have their own software that enables the home computer to print professional coupons. These can then be used at any physical merchant to buy life’s necessities. Food and sundries are just some of the items that coupons can buy. Mailings are another good (more…)

May 25th, 2012

Using Coupons to Save Money on Diapers

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There’s no doubt about it, diapers are a large expense to any family who has diaper wearing babies or other children needing the use of diapers. Many government programs, while providing for formulas and foods, do not offer any assistance in purchasing diapers. So how does a family save money in buying diapers? Coupons are the best answer!
There are ways to save several dollars on diapers. It’s just a matter of knowing how. Although following some of the following tips may require a little (more…)

May 21st, 2012

Investing in Your Future – Pay Yourself First

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One of the most important financial responsibilities that all people have is to save for the future. Whether it is to have a strong emergency fund, a well funded retirement account, or a reserve set aside for a future down payment on a home, all people should have a future goal that they should be saving for each month. While the tough economic time has made it difficult for most people to save, all people could (more…)

May 19th, 2012

The Importance of Creating an Emergency Fund

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In the current economic crisis, more and more individuals and families find themselves in unexpected financial emergencies. All of a sudden, urgent financial situations come up, situations caused by job loss, unexpected household expenses, car repairs, medical expenses, overspending, or any number of reasons.

Unfortunately, most of us don’t have a lot of extra money on hand when an emergency strikes; we panic and make quick financial decisions that repeatedly end up with serious unintended consequences. If you’re not working when this happens, you’re in big (more…)

May 15th, 2012

How to Deal with Job Loss and a Decreased Income

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Losing one’s job can be devastating and of course, the loss of an income, puts stress on everyone in the family. Instead of panicking, give thought to how much money you have in the bank, the sum of bills you need to pay, any severance pay that might be given, and what you and your family need to do to alter your budget so that you have enough money for certain survival needs.

Talk with your family, friends and former co-workers on how you can make extra money. Keep an open (more…)