- @ScottATaylor Thanks for following me. in reply to ScottATaylor #
- RT @ChristianPF: 5 Tips For Dealing With Your Medical Debt http://su.pr/2cxS1e #
- Dining Out vs Cooking In: http://su.pr/3JsGoG #
- RT: @BudgetsAreSexy: Be Proud of Your Emergency Fund! http://tinyurl.com/yhjo88l ($1,000 is better than $0.00) #
- [Read more…] about Twitter Weekly Updates for 2009-12-12
4 Ways to Change Your Finances for the Better
Finance is made out to be difficult, but it’s really not. All financial advice really boils down to 2 sentences: “Spend less than you earn. Save or invest the rest.” Everything else is an unnecessary complication, unless you need to be told that commemorative plates aren’t actually an investment. Unfortunately, we’re all people. (Except for you in the back. I see you, and you are not people.) People make mistakes. People sometimes need things spelled out, or at least explained in a way that makes it seem less intimidating to get started.
With that in mind, here are four steps that will get you out of debt and, over a long enough timeline, make you rich:
1. Lower your interest rates. If you’ve got debt, particularly credit card debt, you’re paying too much interest. It doesn’t matter what the interest rate is, it could be better. It’s time to pick up the phone and politely ask your credit card company to lower your interest rate. If they refuse, mention that their competitor is offering you 3% interest on a balance transfer with no transfer fee. Mention a competitor by name, but don’t worry about a specific offer. There are always offers being tossed about.
If they won’t lower your rate, find a company who will. 5% on a 10,000 balance is $500 per year. That’s 3 months of payments for free.
2. Lower your monthly payments. Do you have a cable bill? A phone bill? Any other bills? Put them in a stack and call them. Every. Single. One. Ask if there is any way you can lower your bill. Can you get put on a new customer promotion? My electric company offers a saver switch for my air conditioner that will lower my bill by 15% just for giving them the ability to toggle my AC on and off. When we had that installed, I never noticed it in use.
3. Save $1000. When you’ve got no money, every unexpected expense is an emergency. When you’ve got a little bit socked away, you can ride out the problems without much worry. $1000 may not be enough to ride out an extended bout of unemployment, but it does a pretty good job of taking the sting out of car repairs. Do whatever you have to do, but get some money in an emergency fund. Then, don’t touch it!
4. Categorize wants and needs. I want a vacation. My kid needs braces. I want a big screen TV. My gas bill needs to get paid. I want a new car. My family needs food. Are you sensing a theme? Pay attention to what you spend. Ask yourself if it’s something you need, or just something you really, really want. Just the act of categorizing it can make it easier to avoid buying whatever it is.
5. Use the savings from 1-4 to pay off whatever you owe. Don’t blow your new-found savings on spinner rims or soap made from rich-people tallow. Use it to finally get ahead of the game.
Homeland: What does it cost to make a hit TV show?
When you are producing your own TV show, you can do whatever you want to cut costs. However, you must realize that making a hit TV show is something that is very expensive to do. You must pay your actors handsomely because they are usually Hollywood A-listers, but your actors are only the beginning of the payroll.
You have a very large staff that works on the show to make sure everything works. If you have ever watched the credits at the end of a TV episode, you know that there are many people working on the show. You must remember that every single person on the credits was paid a salary to work on the episode. You must now imagine looking at your balance sheet and deciding how to pay all these people for each episode.
There are many people who wonder why their TV shows do not look as well produced as others. This is something that is left up solely to money. Homeland has Showtime behind them, and Showtime can afford to pay for the exotic locations and all the effects that are needed. However, there are other shows that have to shoot on a much smaller budget. They use a smaller amount of locations, and they use a smaller amount of effects. This does not hurt the show in all cases, but a lack of money would make a show like Homeland impossible.
When Hollywood was equal parts television and movies, Homeland would have become a movie because of the budget. The budget that is spent on just one episode of this show could be used to make a decent movie. In today’s Hollywood, there are many TV shows that would have been movies 20 or 30 years ago.
When you watch Homeland, you need to remember that there is a ton of money behind every episode. You may not like every episode, but you must remember that the producers and studio paid handsomely to have that episode produced. The money that fuels Hollywood today is off the charts, and we must respect that when every new episode come on the television.
Making the Most from Your Home Theatre with Window Treatments
Once upon a time home theatres were only reserved for the rich and famous – the equipment and rooms necessary were just far too expensive for your Average Joe. Now, the landscape has changed and with projectors and all of the other core essentials being more affordable, home theatres are more popular than ever before.
Rather than pointing you in the direction of the latest equipment, we’re instead going to talk about another way that you can boost your home cinema experience. The windows in this room can make or break your movies, even though they are often left until the very end of a project. However, make a bad choice in this this regard and the whole expense associated with your home cinema will have been for nothing.
Your window treatment decisions should mainly revolve around your viewing preferences and the type of room that your system is located in. If we start with the latter, if your home cinema happens to be basking in glorious sunlight for most of the day, it goes without saying that you’re going to suffer from the dreaded screen glare. Right in the middle of the best scene in the film, you’ll be hit with a glare that means “part two” will have to follow the day after.
In the above instances, new blind technology is your best friend. Turn to something like a solar shade to eradicate the beaming rays that blind your screen and tune into your movie without any disruption at all.
The above solution assumes that you actually want a bit of natural daylight streaming into your home theatre. Of course, some people might not want to rely on this.
It’s these instances where a more traditional treatment enters the picture, like a blackout blind. As the name suggests, these are able to eradicate all natural light that would otherwise be flowing into the building, to leave your room blanketed in darkness. In other words, your home cinema has just mimicked the setting of the traditional high-street cinema. It doesn’t get much better than that, does it?
Depending on the type of room that your system is based in, there are other options. For example, a lot of people decide to install their home cinemas in the basement, completely out of the way from the rest of the house. In these instances, where the room temperature tends to drop, it might be worth considering a blind that can retain some of the room’s thermal efficiency. Insulated shades are one of the best choices and do exactly as their name suggests.
Already, the window treatment options for your home cinema are starting to become endless. As you’ve probably been able to see, this is a room which relies heavily on its blinds or curtains and making the wrong choice can ruin your whole viewing experience. Just ask yourself what you actually want from the room, and what the room requires. Answer these two points and your home cinema will be the real deal.
Saturday Roundup
- Image via Wikipedia
I wrote this yesterday. According the forecast, when this post goes live, I’ll be moving 5-8 inches of snow off of my driveway.
That, or watching TV and thinking about moving snow.
Maybe I’ll just sleep in and wait for spring to melt the snow.
Don’t forget to enter my drawing for a $100 Amazon gift card! Go here for details. It ends on the 15th, so don’t wait too long.
Best Posts
Crazy-easy ice cream bread. How could this possibly be bad?
Tron comes out in 2 weeks. I’d love to show up on a custom street-legal Troncycle.
Arsenic-based lifeforms are shaking up the way we understand life to work. I’m of the opinion that life will probably exist almost everywhere that isn’t a completely dead dry rock. I say that as an expert in…well, nothing related to astrobiology.
Following Erica’s advice is currently making me a few hundred dollars per month, with every sign of growing as time goes on. I hate to sound like a fanboy, but if she pimps a product, I’m at least going to give it some serious consideration.
Carnivals I’ve Rocked
10 Dumb Money Moves was featured in the Carnival of Debt Reduction.
Book Review: The Art of Non-Conformity was included in the Carnival of Personal Finance.
Things You Should Buy Online to Save Money was included in the Festival of Frugality.
Thank you! If I missed anyone, please let me know.
LRN Timewarp
This is a new feature to share the gift that is me with anyone new to LRN. This week, I’m going to share some posts from my first week blogging here.
The $10 College Fund. In the last year, not only have I not changed my mind about the $10 college fund, but I haven’t raised the amount. The point is to just get started. I’ve done that. I’ll raise the amount when my debt is paid off. We are now up to $166.09. The numbers are off because I stuck a little bit extra in one month.
In the last year, our dreams haven’t changed. We haven’t made any direct progress, but indirectly we are doing well. First things first. We need to pay the debt off before we look at a hobby farm.
My second day blogging, I wrote about why we handled money so poorly.
Ending A Streak
The first year I decorated our yard for Halloween was 1999. The first year we through a Halloween party was 1998.
Our parties tend to fall on the legendary side. Between setup, cleanup, and out-of-town guests, the party is a 3-4 day affair. People reserve our spare beds a year in advance. The day of the party itself, we’re going from 10AM until 5AM, cooking, drinking, and talking. Over the 10 hours the party is actively going, we have 50-60 guests in and out.
Our yard is a neighborhood attraction. We’ve been on the news and in the newspaper. By the end of Halloween night, the path through the yard is nearly worn down to bare dirt. The spot the large coffin sits takes 6 weeks to rejuvenate in the spring. I’ve literally scared kids right out of their masks. Little old ladies have jumped out in the air, shrieking, only to ask me to hide again, so they can bring their husbands over to enjoy the startle.
This year, we end the 13-year unbroken streak of fear and debauchery. We’ve been doing this since before any my oldest kid was weaned.
It’s hard to take a break, but…
Dealing with my mother-in-law’s house has been far too much work for us. We spent all summer cleaning out the hoarding mess.
And fixing up the yard.
And replacing the boiler.
And fixing the plumbing.
And updating the electrical system.
And fixing up the basement.
And patching the walls.
And selling the cars.
And sorting through 30 years of every scrap of paper that has ever come through the house.
And dealing with all of the memories, and the pictures, and the past.
It’s been too much, and it’s not done.
Now, it’s the middle of October, and the idea of stealing the extra time to add the extra stress of setting up the yard and throwing a big party makes me want to break down.
Two days to set up the yard, only to have some kid steal my favorite, irreplaceable pieces, then two days to pack it all up.
A day of decorating inside, followed by a party and a hungover day of cleaning it all up.
All of that, while losing time from the side business and pushing through to the end of the property preparation from hell.
I can’t do it, so, as sad as it makes me, we’re taking the year off. No Halloween events at my house this year.
