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Two Reasons to Save And One Reason Not To

I’m a fan of saving money.   I’m not doing as much of it as I’d like, but that’s because I’m focusing on killing my final credit card, first.    I postpone saving, knowing that it’s

English: Nursing home in Crick
Image via Wikipedia

something that I need to do the moment my credit cards are paid off.   It won’t wait any longer than that.

Why do I care so much about saving?  It’s because I’m risk-averse.  If I can avoid risk, I do, in most situations.   I don’t want to risk going hungry if I lose my job, and I don’t want to risk eventually(very eventually!) having to fight the cockroaches for the right to drink my fiber supplements.

There are a couple of excellent reasons to save:

1. Peace of Mind.   There is a certain calm that comes from having enough savings to weather a few storms.    If your car dies when you’re broke, it’s a tragedy.  If it dies when you’ve got some cash saved up, it’s a minor inconvenience.  Knowing that the vagaries of fate aren’t going to shatter your life against a cliff is a reward all its own.

2. Cheap nursing homes suck.   When I get old, I want to live in a comfortable nursing home.  One with extended cable, nice beds, and attractive coeds in charge of the sponge-baths.   That’s not too much to ask, but I have to save up for it now.  Medicaid doesn’t cover homes like that.  Those are strictly a private affair.   To make that happen, I need to save and invest now, or I won’t be able to enjoy the fruits of my labors then.

And, of course, there is one shining reason not to save:

1.  You’re living your life now.   Saving everything you’ve got, to the detriment of your current life, isn’t healthy either.   Life is short.   Do you really want to be curled up in bed, trying to enjoy a sponge-bath, shivering at the regrets you’ve built by denying yourself everything?  I’m certainly not suggesting you waste all of your money on coke, hookers, and video games, but it is important to take the time to build some memories, or your final years will be hollow.

You have to find the right balance between your future and your present.   Every moment of your life is important, not just the ones that haven’t happened, yet.

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Multiracial Skinhead Love Triangle

English: A goat
English: A goat (Photo credit: Wikipedia)

“Honey, here on national television, in front of a live studio audience, I’ve got a secret I’d like to share.   You’re not our child’s mother.  I’ve been sleeping with the milkman.  And the goat.  Your mom is the star of my new adult website.  With the goat.  And the milkman.  I’ve got three other families, in three other cities.  I lost the house to my gambling addiction.   Those sores?  Herpesyphiligonoritis.  I got it from the foreign exchange student we hosted before I moved her to Dubuque and married her.  The goat gave her away.  The milkman cried.   Oh, and I wore your panties to the Illinois Nazi reunion.   I know how much you hate Illinois Nazis.  But I still love you.  And your sister.  Especially your sister.  She does that thing with her tongue….”

Why would anyone go on national television to share things like that?

More interesting: why would anybody stay on stage after hearing that?

Stay tuned.

I have this friend.  He bought a couple of cars.  He’s got some issues with money, partially revolving around a need to keep his assets below a certain threshold.   So he put the cars in his girlfriend’s name.  I know, it’s slightly crooked, but that makes the story more fun.

They broke up.

Recently, she called him to say she was suing him for the cars.  She wanted them.  She wanted to hurt him.  She was mean.   Somehow that turned into them agreeing to settle the case on Judge Joe Brown, on national television.

My friend spoke with the show’s producer, then last week, he was flown to California and put up in a hotel for a couple of days.   When he arrived at the TV studio, he was informed that it wasn’t Judge Joe Brown, but a new show that will start airing in the fall called, The Test.   According to CBS, The Test “is a one-hour conflict resolution talk show that will use lie detector and DNA tests to settle relationship and paternity disputes among the guests.”   Coincidentally, CBS also owns Judge Joe Brown.

My friend got on stage with Dr. Phil’s son, Jay McGraw, and was accused of cheating on his girlfriend and stealing her identity.   Lie detectors.  Yelling.  Accusations.

Why did he stay?

He wasn’t given his return plane ticket until they were done filming.

When he was done, they handed him a voucher for cab fare and the itinerary for his return flight.  Until then, he had no other way to get home.

That’s why people stay on stage.  It’s probably also why none of those shows ever have people with money of their own; they can find their own way home in a pinch.

Interesting side note:  The show paid $200  and booked the cheapest possible return flight, with a 6 hour layover.

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Carnival Roundup

 

Live Real, Now was included in the following carnivals recently:

Yakezie Carnival hosted by Consumer FU

Finance Carnival for Young Adults hosted by PF Carny

Carnival of Money Pros hosted by Savvy Scot

Carnival of Retirement #63 hosted by Midlife Finances

Yakezie Carnival hosted by Thirty Six Months

Carnival of Money Pros hosted by Making Sense of Cents

Carnival of Financial Independence #7 hosted by Reach Financial Independence

 

Thanks for including my posts.

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Ditch Cable and Still Enjoy TV

A cutaway diagram of a coaxial cable
Image via Wikipedia

Cable is expensive. If you have more than just basic cable, you are probably paying at least $65 per month or more, just for TV.   How can you save on television, without stealing cable?

The good news is that, in the internet age, it is possible to fully enjoy TV without having to pay exorbitant fees to the cable company.

Basic Cable

Basic cable generally runs about $15 per month, but it usually comes with a $10 per month discount on internet access if you use cable for that.   For $5 per month, you can get all of the local broadcast channels, including the news and weather, which we use in the morning while getting ready for work.

Netflix

We watch movies.  We watch lots of movies.  Spending $14 per month for an unlimited 2-at-a-time plan is a no-brainer for us.  It has also enabled us to scratch the movie itch without resorting to HBO or incessant movie purchases, which used to run $100+ each month.   When you include Netflix instant in the equation, which gives us a ton of older movies to choose from at a moment’s notice, we are more than covered for our movie obsession.

Hulu

Hulu.com has a metric crapload of TV shows and movies available for free.   They are moving towards a partial pay model, but most of their content will still be free.  But, you don’t want to crowd your family around a 15-inch laptop screen to watch something, you say?  Fine. We went to our local computer parts store and bought cables and converters to go from the video-out and headphone jacks on the laptop to the inputs on our VCR.    That cost about $30 for 2 extension cords and 2 converters.   We use the analog outputs, which allows for cheaper converters.  The quality after conversion is no worse than watching a movie in the VCR.

TiVo

TiVo comes with a Video-On-Demand(VOD) section, if you connect it to the internet.   It’s mostly free, with hundreds of channels to choose from, ranging from trailers to full shows and movies.   I have a season pass to TEDTalks, which are always impressive and usually inspirational.   There are many more channels to choose from.

Torrent

I’m kidding.  I’m not advocate piracy.  This is just search-engine bait.

As you can see, it’s entirely possible to save money on cable, without missing out on anything you care about.  How do you save money on TV and movies?