Posts Tagged ‘budget’

How to Get the Most Out of Clipping Coupons

October 16th, 2011

Ever wondered if it were worth it to start clipping coupons? Most of us have dismissed the thought of clipping coupons thinking, “Saving 50 cents on toothpaste is not worth my time?” This may be true, but if done correctly you can cut 20% or more from your grocery bill each month. That’s $20 back in your pocket for every $100 you spend. I challenge you to try it. Couponing won’t make you rich but it is a valuable tool to stretch your budget dollars further. Not to mention the little thrill you’ll get at the register when you hear just how much you have saved.

Follow these tips to maximize your coupon savings:

Shop Strategically- Your best savings may not come from clipping coupons alone. Choosing to purchase items you need while they are on sale and combining those sales with coupons helps you maximize your coupon finds. Items like bath soap, laundry detergent, paper towels, toilet paper and other every day needs go on sale on a regular basis. Don’t buy these items unless they are on sale. Also, don’t shy away from trying a new brand. Many high quality new items offer big savings just to give it a try. Why not save a few bucks by taking them up on their offer.

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Simple Strategies for How to Pay Off a Mortgage Quickly

August 5th, 2011

Of all the bills you pay in life, the interest on your mortgage is probably one of the biggest. Taking even small steps today to pay off your mortgage quickly can save you a ton of money over the life of your loan and get you out of mortgage debt much faster – which means you’ll have a lot more money to invest in your retirement, college funds, or use for fun stuff.

There’s a reason the tallest towers in America’s major cities are often occupied by banks: lending money long-term is extremely lucrative. For example, just the interest on a $200,000 30-year fixed mortgage at 6% is a whopping $229,528 over the life of the loan! Including principal, this $200,000 loan will cost nearly $430,000 to repay over 30 years. I don’t know about you, but I can think of a lot of other things I’d rather do with $430K than send it to my banker.

Learning how to pay off your mortgage quickly could put thousands – or tens of thousands – of dollars in interest back into your pocket that might otherwise have gone to your lender. If you’re interested in finding out how to pay off your mortgage quickly, the following are some simple yet effective strategies you can implement today.

» Read more: Simple Strategies for How to Pay Off a Mortgage Quickly