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- [Read more…] about Twitter Weekly Updates for 2009-12-12
Why Going Green is Good for the Pocket
Going green is about making changes, some of them very small, to lessen the impact you have on the planet and its precious resources. But if it can be both good for the planet and good for your pocket then who would seriously not want to ‘go green’?
Saving money is at the top of most people’s minds at the moment, so check out your credit card at Moneysupermarket to ensure you are getting the best deal and see how going green can affect the rest of your finances.
Most of the things we can do to reduce our consumption of both energy and materials are automatically going to save us money.
Some of the more obvious steps to make your home more energy efficient can result in substantial savings, such as fitting good insulation, having double glazing and putting up thick curtains to keep the heat inside.
These simple tips are not all that can be done in the home, as by starting to think differently about how you use the different areas of your home, you’ll find out how zonal living can save you even more.
Zonal living is about only using energy as you need it in the home. Heating can be varied from room to room, ensuring that the temperatures in each room are adjusted according to when and how the room is used.
Keeping bedrooms cool at night, for example, not only saves you money, but also promotes better sleep. You can achieve zonal heating by fitting thermostatic valves to your radiators and using electrical timers to switch heaters on and off at appropriate times.
Most of us now have more electrical appliances in our homes than we actually use and each of them can be steadily consuming energy even when not in use.
The worst culprits are probably the TV and DVD player, because it’s so convenient to use the remote to switch them off. You might think you’re turning them off, but all that’s happening is you’re putting them on standby. Spend a few seconds actually switching off appliances at the plug and you’ll be amazed at the savings over the course of a year.
The same applies to cell phones. Nowadays, most of them recharge in a couple of hours or less. If you leave them to charge overnight, you’re simply wasting energy and money.
Could you cut down on your usage of the tumble dryer? Nothing in the white goods department uses up quite so much energy as these noisy machines so, if you can, buy a washing line and rediscover the joys of laundry dried by the breeze and sun; your bank account will reap the benefits.
Fuel costs only ever seem to go up, so adopting a more efficient style of driving will help your pocket as well as the planet. The Drive 55 campaign claims that keeping within the speed limit of 55 mph can cut as much as 50% off your fuel bill.
When you move away from a junction or lights, you can use up large amounts of gas, so learning how to use your gears smoothly is another way of saving cash.
None of these steps require great changes but taking a little time and putting a little thought into your energy consumption will help save you money and help conserve energy and resources.
Post by Moneysupermarket.
The heat(er) is on! 5 winter home energy saving tips
This is a guest post.
Turning the heat on can strike fear into the hearts of many a home owner. Rising heating bills are not a thing of the past. They are present and there is no end in sight. Relief for high winter heat costs can be found in every leaky window, poorly sealed storm door, inaccurate thermostats and many other locations in and around your home. Seeking out the cheapest gas and electricity prices from local suppliers can help reduce total energy costs and should include home energy audits and payment plans to equalize summer and winter energy bills.
Top 5 Tips for Year Round Home Energy Savings
1. Obtain a free energy audit kit from your local electric or gas provider. Approach your home energy audit as a family. Involving children is one of the best ways to decrease overall energy consumption. Teach the kids about leaving doors open, leaving lights on and the television on when not in the room. Appoint an energy officer for the house who will be responsible for reminding family members about energy conserving activities.
2. Install a digital thermostat, which can be programmed to automatically raise or reduce home temperatures when the house is not occupied such as when parents are at work and the kids are at school. Lowering temperatures to 60 degrees on mild winter days for just six hours during the work day can save on your heating bills without compromising comfort. By limiting the time not to exceed six hours the cost for bringing the home back to acceptable living temperatures is minimal; much longer and the bounce back time is increased sufficiently to mitigate any daytime savings. Reducing overall temperatures by one degree Fahrenheit can save as much as three percent on the total heating bill. Reduce the household temperature by five degrees Fahrenheit and experience a 15 percent saving which is a number most families can easily live with.
3. Comparison shop for the cheapest gas and electricity from local private energy suppliers. Ask about payment plans, adjustable billing cycles and energy reform programs. State and local governments have options for lower income homes, providing subsidies for high winter heating bills. Grants for home improvement along with energy conservation tax credits, which can be applied to heating costs, are another way to reduce budget impacting heating bills this winter.
4. Close vents, use energy efficient space heaters and alternative heat sources for additional energy savings. Closing vents to unused rooms will reduce energy consumption for the entire house. Heating less square footage will require less energy. When closing vents, be sure to seal those rooms well. Install thermal window coverings to reduce heat loss and temperature fluctuations and reduce air exchange at door thresholds with the use of a draft dodger. Using an energy efficient space heater in cold rooms can improve comfort without increasing overall heating costs. Spaces such as basements and laundry rooms can benefit from temporary use of space heaters to increase temperatures for those rooms temporarily. Consider alternative heat sources such as wood stoves and fireplace inserts. Fireplaces are generally inefficient as heat sources. However, wood stoves using catalytic converters can have energy efficiency ratings that rival high tech heat pumps.
5. Appliance energy hogs such as hot water heaters, washers, dryers, ovens and dishwashers should be evaluated each season. Lowering the hot water heater temperature and insulating the water heater and the pipes can reduce energy consumption of this one appliance by as much as seven percent. Wash clothing on cold water settings whenever possible, reserving hot water for only items needing sterilization, such as sick room bedding or cloth diapers. Never start the dishwasher if it is not completely full. The same amount of water and energy will be used to wash five plates and three glasses and will be required to wash a full meal’s worth of dishes for a family of six.
Meal Plans
- Image by Getty Images via @daylife
When we don’t have a meal plan, food costs more.
Our regular plan is to build a menu for the week and go to the grocery store on Sunday. This allows planning, instead of scrambling for a a meal after work each night. It also give us a chance to plan for leftovers so we have something to eat for lunch at work.
We work until about 5 every weekday. When we don’t have the meal planned, it’s usually chicken nuggets or hamburger helper for dinner. Not only is that repetitive, but it’s not terribly healthy. It is, however, convenient. If we plan for it, we can get the ingredients ready the night before and know what we are doing when we get home, instead of trying to think about it after a long day of work.
If we don’t plan for leftovers, we tend to make the right amount of food for the family. When this happens, there’s nothing to bring to work the next day, which means I’ll be hungry about lunchtime with nothing I can do about it except buy something. Buying lunch is never cheaper than making it. I can get a sandwich at Subway for $5, but I could make a sandwich just as tasty and filling for less than half of that, using money that is meant to be used for food. All during wrestling season, we make 30-inch sandwiches on meet nights for a cost of about $5, feeding ourselves and at least a couple of others who didn’t have time to make their dinner before the 5:30 meet.
No leftovers also means no Free Soup, which is a wonderful low-maintenance meal that leaves everybody full. Nobody ever gets bored of Free Soup. (Hint: Don’t ever put a piece of fish in the Free Soup, or the flavor will take over the entire meal.)
Unhealthy, repetitive food for dinner. Over-priced, low-to-middle-quality food for lunch.
OR
We plan our meals right and have inexpensive, healthy food that doesn’t get boring for every meal.
It seems to be a no-brainer. Except, I don’t have lunch today because we didn’t plan our meals and used the last of the leftover hamburger helper for dinner last night.
Update: This post has been included in the Carnival of Personal Finance.
Ignore Your Budget
For the first year of our journey out of debt, we had a strict budget, with all of our discretionary money spent out of an envelope system. We had an envelope for groceries, one for discretionary spending, one for clothes and one for baby crap. At the beginning of the month, we’d divide the money into the envelopes according to our budget spreadsheet. If we used a card for anything, we’d take a matching about of money out of the appropriate envelope and put it in a box to get reconciled the next month.
Ugh. Almost 2 years later, it has turned into too much work and too much nagging about everything either of us put on a card.
We decided to simplify the system a few months ago. Now, we still have a budget. It’s even a zero-based budget, but we ignore it. We only look at it if something changes for the worse. If something changes for the better, the extra money just gets automatically rolled into our debt snowball, so there’s no need to worry about updating the spreadsheet.
Instead of envelopes, we kind of eyeball it. We budget $450 per month for groceries, so we aim to spend $100 on our weekly grocery run. That leaves some room for losing track of how much we are putting in the cart, or a last minute addition to the list. It also leaves room for our secondary grocery trip to buy bread and milk later in the week. We do go through a lot of milk at my house. We budget $55 per month for diapers, but the deal we are currently getting with Amazon Mom is only costing us $30.79 for 6 weeks of diapers. We ignore the difference.
This—and our heavily automated bill pay and savings—lets us keep our finances on track, without stressing over every dollar or fighting over every little thing that comes home unplanned. I used to fire up Quicken and balance the checkbook every week. Now, that happens at the beginning of the month, usually. If I forget, it doesn’t matter. At the beginning of February, I balanced the checkbook for the first time in almost two months and we never came close to exercising our overdraft protection account. In fact, we had some extra, so that got sent directly to our debt.
Overall, it’s been good to test out a new system. We have almost no financial stress and managing our money takes about a couple of hours per month instead of per week. It’s all win.
My Investment Portfolio
I’m not a financial adviser. I haven’t taken any of the classes or certifications that allow me to give investment advice. Please don’t take this post as advice.
This is me, sharing what I have chosen to invest in. These investments are scattered across a few different IRAs and brokerage accounts. Copy me at your own risk.
BAC – Bank of America: I bought this low. When any major bank is low, it’s time to buy. I bought in stages starting at about $5 per share. What I’ve got now has given me a 57% return.
CVS – CVS Caremark: I bought this on the advice of a friend. It’s shown a 6% return over the past few months.
IAU & GLD – Gold ETFs: I wanted a way to get some precious metals into my IRA, so I bought a gold fund. It’s down 7%, but I’m confident it’s going to come back.
MSFT – Microsoft: This is one of the first stocks I bought with my 401k 10 years ago. It’s up about 5% since I rolled it into my current IRA.
PAYX -Paychex Inc: I hate payday loans, but a friend recommended this stock and it has given me a 10% return.
SIRI – Another recommendation from a different friend. I don’t think it will ever hit the moon, but you won’t see me complain about the 60% return, either.
SLV – Silver ETF: Another precious metals venture. It’s down 3% overall, but that’s varying day to day. A couple of weeks ago, it was around $19 per share, so it’s up nicely since then. I predict it will continue to rise.
SYK: Stryker Corp: Another friendly recommendation. This one is down 2%, but the recommender thinks it’s a good long-term bet, so I’ll hold it for a while.
VB – Vanguard Small-Cap ETF: I like Vanguard funds in general. This one has given me a 5% return.
VIG – Vanguard Dividend ETF: This one pays dividends, which is usually a sign of a strong stock. 1% return.
VWO -: Vanguard Emerging Market ETF: If our economy has problems, emerging markets tend to thrive in response, so I’m hedging my bets with this. It has lost 4% so far.
IDMOX – An ING family fund that has served me well. 13% return.
VFINX – Vanguard S&P index fund. 2% return.
RICK – Rick’s Cabaret: A few days ago, I read an article about Rick’s Cabaret losing a lawsuit that made all of it’s New York strippers into full employees entitled to minimum wage. The article mentioned that Rick’s is publicly traded, which amused me, so I bought a few shares.
Those are the positions I have with one brokerage, across three accounts. I didn’t share the balances, but overall, I have had a 10% return on these investments.
Now, I’ll share the contents of my wife’s inherited IRA. This money was entirely in a money market when she inherited it last year. She got nervous and would only let me play with half of it. That half has averaged a 20% return since June 2012, with part of it hitting 29%.
These are all Fidelity funds for a specific 401k program. I have no idea our accessible the funds are to the general public. We are working on an IRA-mandated withdrawal of this money, so it will be moving over the course of years.
PYR INX LFC 2010/2035/2040/2045/2050 – These are targeted date funds. Each of them has had at least a 20% return.
SM&MID Cap Equity – This fund currently has a 29% 1 year return.
That’s my investment portfolio. Some gambles, some amusement, some solid investments. I think I’m doing pretty well. What do you think?
