Donating a Life Insurance Policy to CharityIn many cases people would contribute more to charity if they could afford it. One possible alternative is donating a life insurance policy. If the donation is handled correctly, the policy owner can also gain some tax benefits from the donation.
Extreme Saving – Making Laundry Detergent
It never ceases to amaze me that you can find anything on the internet. I have always considered myself a frugal person but not an extremely frugal person. Then I read numerous stories on the internet on people who go to great lengths to slash their spending. I decided to embark on some of the suggestions and decided to make homemade laundry detergent.
The Razor Blade Game
It seems like every time we turn on the TV we see some commercial about disposable razor blades. Each one has some pitch about a smooth close shave. I started taking note of some of the different names and checked out the prices at my local Wal-Mart. It soon became apparent that razor blades are big business for the companies that make them.
Thinking of Flipping a House
Many of us have watched those shows about flipping houses in hopes of selling the finished product for a nice gain. With the housing market somewhat in recovery some people may be contemplating this the time to give house flipping a try. Here are a couple of thoughts on the matter as you consider your flip.
Business Bad Debts
If you own or operate a business, chances are you have had an issue collecting a debt. If there comes a point where you cannot collect what you are owed, you may be able to deduct the debt rather than just write it off.
In Your 40s and Looking Towards Retirement
Hopefully if you are in your forties you have been saving for a number of years for some type of retirement. Maybe through a company sponsored 401K or an IRA or a combination of both you have some retirement savings. However, after the dismal decade for stocks, many people are starting to realize they are not where they need to be at this stage of the career.
Loans From Retirement Accounts
During times of difficult financial periods, people often must turn to unconventional ways to find cash. If you have been working in a particular industry perhaps you have a 401K. Or perhaps you have been diligent in funding an IRA. The money is yours right, so why not tap into it? Not so fast, there may be consequences.
Is a Home Warranty Worth it?
Whether you are new to home ownership or have owned your home for a number of years, you have probably contemplated a home warranty. A home warranty is offered by an independent company and covers many aspects of home repairs that routinely come up through the course of home ownership. The cost varies but it usually costs around $450 per year. There are pros and cons to home warranties to consider before you purchase one.
Savings in the Summer
You have probably read countless articles on how you can save money on heating and cooling costs for your house. Energy efficient windows, more insulation, and a programmable thermostat are all very valid ways to save around the house. However, there are other things you can do that with minimum costs that will also help out during those hot summer months.