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Twitter Weekly Updates for 2009-12-19

RT @ScottATaylor: Get a Daily Summary of Your Friends’ Twitter Activity [FREE INVITES] http://bit.ly/4v9o7b #
Woo! Class is over and the girls are making me cookies. Life is good. #
RT @susantiner: RT @LenPenzo Tip of the Day: Never, under any circumstances, take a sleeping pill and a laxative on the same night. #
RT @ScottATaylor: Some of the United States’ most surprising statistics http://ff.im/-cPzMD #
RT @glassyeyes: 39DollarGlasses extends/EXPANDS disc. to $20/pair for the REST OF THE YEAR! http://is.gd/5lvmLThis is big news! Please RT! #
@LenPenzo @SusanTiner I couldn’t help it. That kicked over the giggle box. in reply to LenPenzo #
RT @copyblogger: You’ll never get there, because “there” keeps moving. Appreciate where you’re at, right now. #
Why am I expected to answer the phone, strictly because it’s ringing? #
RT: @WellHeeledBlog: Carnival of Personal Finance #235: Cinderella Edition http://bit.ly/7p4GNe #
10 Things to do on a Cheap Vacation. https://liverealnow.net/aOEW #
RT this for chance to win $250 @WiseBread http://bit.ly/4t0sDu #
[Read more…] about Twitter Weekly Updates for 2009-12-19

Selling Your Car

: English: Jalopy car in Joshua Tree National Park in Hidden Valley Campground (Photo credit: Wikipedia)

When it’s time to replace your car, most people focus on the new car, instead of the old, but that is ignoring real money. Your old car–unless it has disintegrated–still has value. Sometimes, it’s just time to ask yourself, “When should I sell my car?”

When you’re looking to sell your car (like with We Will Buy Your Car), you generally have several options:

Tow & crush. If your car has been wrecked, doesn’t run, or is just old and beat up, you may be stuck with calling a junkyard and accepting $50 for them to pick up your car and crush it for scrap.
Trade it in. This is probably the least hassle, but–other than #1–doesn’t pay well. Dealerships are willing to pay something under what they will get at a wholesale auction, which is quite a bit less than the blue book value.
Sell it yourself. Now you’re thinking, “He’s going to buy my car! Oh, bother.” It can be a pain, but it’s also the best way to get a decent price for your wheels.

When you sell your car, there are a few things to keep in mind, much like when you sell something on Craigslist.

Don’t be alone. There are bad people in the world, but they don’t like witnesses. Bad things are much less likely to happen if you have company.
Know your price. Specifically, know three price: your dream price, the price that would make you happy, and the absolute lowest price you are willing to accept. Make sure you figure these numbers out ahead of time. Know what you are comfortable with before it comes time to close the deal.
Check IDs. The buyer is going to want to test-drive your car. That’s fine, but you want to make sure you know who is driving off in your car. “Officer, Sumdood took my car. He was wearing jeans.” That won’t get your car back.
Clean it up. Get the car detailed before you show it to a potential buyer. A sparkling-clean car will almost always bring in a few hundred extra dollars. It’s well worth the expense.

Following this plan should make the sale go as smoothly as possible and bring you the most possible money.

Readers, what have you done to dispose of an old car?

This is a sponsored post written to provide some insight into the world of used car retail.

Repair Plans, Appliances, and Rancid Meat…Oh, My!

Finance, Life

: Image via Wikipedia

We recently had our annual barbecue. (For the purists, I am Minnesotan. Barbecue means “cooked over fire”.) Due to massive scheduling conflicts, it was a bit smaller than normal; only about 20 people came. At least 10 other people RSVP-ed that they were going to make it, but didn’t. Grr.

Naturally, we had food for everyone said they would be there and enough for half of the people who didn’t say anything, since Minnesotans don’t RSVP well. That translates to a lot of leftovers. No problem. After all, leftover ribs are hardly a punishment.

Sunday morning, we woke up to find that our refrigerator was happier at room temperature than the standard “cold”. We didn’t know it at the time, but the defrost unit was borked, so the cold air couldn’t circulate from the freezer to the refrigerator. Bye-bye leftovers. Hello, Mr. Repairman. We needed an excuse to clean out the fridge, anyway, but not at the price of my beautifully seared meat! (Sadness strikes.)

Monday evening, the repairman came out, worked for 2 hours and left a functional refrigerator and a $240 invoice in his wake. Thankfully, we are on the appliance repair plan through the gas company. We pay $26.40 per month to cover repairs to our range, water heater, furnace, drier, sewer main, and refrigerator. The first four items are standard, the final two are options that cost extra.

We originally got on the plan for the sewer main. We had a tree whose roots grew into the main and clogged it every year. A backed-up sewer main is a crappy way to wake up. Getting that snaked to the street cost $200 per year. At the time, without the refrigerator, the plan cost about $12 per month. One $200 call-out more than paid for the plan for the year. That was easy math. Now, our 20 year old refrigerator has been repaired twice in the last year, giving us $500 worth of repairs for $316.80. I would like to take this time to thank all of the people with reliable appliances for subsidizing my repairs.

My furnace, drier, and range are all reasonably new and shouldn’t need repairs any time soon, but the refrigerator and sewer main have paid for the plan themselves, several times over.

Should you get a similar plan? If your covered appliances are more than 4-5 years old, I would consider it. If they are more than 10 years old, I wouldn’t hesitate at all. Repairing quality appliances is cheaper than replacing them, especially when the repair cost is paid monthly and subsidized.

Do you use a service plan?

Questions from a reader

Finance

: Image by Manda Mia via Flickr

Today, I’m going to post some questions I’ve been asked, either by email or elsewhere. I’m not going to post my answers, because I would really like to know what you think. Please help me answer these questions.

Q1. My DVD player broke recently, just after the warranty expired. I want to go buy a new one and then put the broken one in the box to return. Do you think that’s wrong?

Q2. My wife and I fight about money constantly. She doesn’t see the point in saving, when she can use the money to be happy right now. I want to retire early. How can I show her she’s wrong?

Q3. I know I should start bringing lunch to work, but I need to network with my coworkers and supervisors to advance my career. How can I balance that?

Like I said, I’m not going to answer these questions until you, my readers, have had a chance to weigh in. I know what my knee-jerk response is, and I know that none of these questions are as simple as they first appear. What’s your take?

Everyone who gives a real answer to all three questions will be entered into a drawing for a $20 Amazon gift card. Just leave a comment with all three answers and you’ll be entered. How’s that for a bribe? I’ll draw a name on Wednesday. That way, you can use the money to either celebrate or mourn the election results.

Edit: I used random.org to do the drawing and the winner is….mbhunter! Congrats, email is sent.

Calendaring Life

Life

I’m incredibly absent-minded. I get involved in something and forget about almost everything else. While that makes me productive at work and helps the time pass, it means I forget to do a lot of things. On the days I am supposed to pick up my son, I have to set reminders so I don’t get wrapped up in a project at work and forget to leave on time.

My solution has been to put everything into Google Calendar. I use 10 different calendars, five of which are mine. I have one for regular scheduling of appointments, one I use to take notes for 30 Day Projects, and one that is copied from the school calendar so I don’t forget late-start days and school vacations. I also use calendars to track the wrestling team’s schedule, family birthdays, and upcoming holidays. I’ve got all of these calendars synced to my phone, I get reminders a week in advance, and I get a daily agenda at 5AM, every day. I don’t forget much anymore.

Over the past few weeks, I’ve been working on a new project–a new calendar. I’ve been reviewing seasonal home-maintenance checklists, medical checkup recommendations, car maintenance lists, and more. All of this has been added to a new Google Calendar, the Home and Life Maintenance Calendar.

This calendar is designed to remind its users to do the things we all need to do, from biannual physicals to replacing your furnace filters, checking your tire pressure to cancer self-exams. The seasonal chores happen in the right seasons, and the monthly reminders happen monthly. It is a work-in-progress and I welcome any recommendations for the things I’ve missed.

So, here it is. Use it, set up reminders, smack me for missing something obvious and enjoy.
[google-calendar-events id=”1″ type=”ajax”]

Update: This post has been included in the Festival of Frugality.

Frugally Expensive

Finance

I used to do all of my shoe shopping at the big chain farm supply store.

I’d get a pair of black leather boots, because that’s how I roll.

A year later, the sole would be worn out and the leather would be cracking, so I’d go back and give them another $100 for another pair of boots that would last a year.

Year after year.

In December of 2007, I stopped in a Red Wing shoe store. I found a pair of boots similar to what I was replacing, for about $200.

Two years later, one of the side zippers broke, which cost $25 to repair.

A few weeks ago, one of the side zippers broke again. The bottom split, which allowed the zipper to come open (at the bottom) at surprising times.

In Minnesota.

In the winter.

This time, the sole was getting thin. It was still thicker that the brand-new soles of the cheapo boots, but definitely thinner that it should be. The heel was getting run down and the leather was starting to crack.

Time for new boots.

When I went back to the store, I found out that, not only were my boots discontinued, but the price had gone up. It was now $220 for boots I had to tie instead of zip.

Then I looked at the boots. It had hooks for the laces instead of eyelets. I sit Indian-style most of the time, including in my chair at work. The hooks tear up my pants and my chairs.

Grr.

I sent the boots back to the factory to replace the hooks with eyelets for another $25.

That’s $245 for a pair of boots that I should still be wearing in 2016, or $61 per year instead of the $100 per year I was paying before.

Sometimes, you really do get what you pay for.