The Baby Steps Explained, And Why They Work!

These are the steps that introduced me and my husband to what financial independence is and for that I am eternally grateful. But a lot of important considerations get looked over if you just find a list of the steps…

The post The Baby Steps Explained, And Why They Work! appeared first on Modern Frugality.

The 5 Most Effective Ways to Consolidate Credit Card Debt

Dealing with credit card debt can be overwhelming. If you’re having trouble making your payments, consolidating your credit card debt may be an effective solution to your problems. The best way to consolidate credit card…

The post The 5 Most Effective Ways to Consolidate Credit Card Debt appeared first on Crediful.

How to Negotiate Your Medical Debt

Let’s face it: The worst thing about having to go to the hospital to receive medical treatment is being slammed with a huge bill afterwards. Sometimes, these medical bills are so expensive that you simply don’t have the means to pull it off right away, especially without health insurance. While we may find it easier

How to Negotiate Your Medical Debt is a post from Pocket Your Dollars.

The Shame of Debt

Money doesn’t make you happy. That’s how the saying goes, and you can’t deny that there’s some truth to it. However, while having lots of money won’t make you happy, having very little is more likely to make you stressed and depressed.  The less you have, the more likely you are to stress over the

The Shame of Debt is a post from Pocket Your Dollars.

Should You Refinance Your Student Loans?

Due to financial consequences of COVID-19 — and the broader impact on our economy — now is an excellent time to consider refinancing most loans you have. This can include mortgage debt you have that may be converted to a new loan with a lower interest rate, as well as auto loans, personal loans, and

The post Should You Refinance Your Student Loans? appeared first on Good Financial Cents®.

How to Get Out Of Debt Fast When You Don’t Have Much Money

The post How to Get Out Of Debt Fast When You Don’t Have Much Money appeared first on Penny Pinchin' Mom.

How do you get out of debt when you are broke? After all, if you had the money,  you would not be in debt in the first place.  Right? I hear this from people, just like you.  It is often not how much money you make, but the debt payoff plan you are using that … Read More about How to Get Out Of Debt Fast When You Don’t Have Much Money

The post How to Get Out Of Debt Fast When You Don’t Have Much Money appeared first on Penny Pinchin' Mom.

Minimum Payments on a Credit Card

Your minimum monthly payment is the lowest amount that you need to pay on your credit card balance. Any less could result in a derogatory mark, any more will clear more of the principal.  Your monthly payment is one of the most important aspects of your credit card debt and failure to understand this could

Minimum Payments on a Credit Card is a post from Pocket Your Dollars.

The Half Payment Budget Method Explained

The post The Half Payment Budget Method Explained appeared first on Penny Pinchin' Mom.

The half payment budget method might be what you need.  If traditional budgets do not work, you really might want to consider this method instead.     If you do any research, you will find many ways to budget.  However, many times, the options you find do not work for you.  That is why it is … Read More about The Half Payment Budget Method Explained

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Cool Tips to Save Money on Utility Bills

http://www.shutterstock.com/pic.mhtml?id=317891591& data-cke-saved-src=lb-12645926 src=lb-12645926Bruce Lubin is the co-author of the best-selling Who Knew? series of household hints books, with his wife Jeanne. They’ve written more than a dozen books that have sold more than 5 million copies.

You may have seen Bruce sharing his clever and money-saving tips on national TV, like the Today Show and the Hallmark Channel. Now, Bruce and Jeanne are also hosting a brand new podcast on the Quick and Dirty Tips network, which goes by the same name—Who Knew?. 

Free Resource: Laura's Recommended Tools—use them to earn more, save more, and accomplish more with your money!

Some of the cool tips Bruce and I talk about in this interview include:

  • Knowing which appliances cost you the most and how to use less energy 
  • A clever tip to cut the time it takes to dry your clothes by 25%
  • How to hack your water bills
  • Tips to cut back your air conditioning usage but still stay cool
  • How to keep your kitchen from overheating during the summer
  • Ways to get your entire family on board to save energy—especially teenagers

See also: How to Save Money on Your Electricity Bill

Cool Tips to Save Money on Utility Bills

No matter if you own a large house or rent a cozy apartment, this interview will help you cut the cost of energy and water and save money on your utility bills. Here are a few great tips from our interview:

With today’s high efficiency dishwashers and washing machines, the expense is really heating the water. So wash everything as cold as you can. 

Q: What are the appliances that suck the most energy? What are some tips to use less energy with them?


Bruce: Dishwashers, but it’s really the dry cycle, which uses steam. De-select the Dry Cycle, or, if you have an older dishwasher, just open the door at the beginning of the dry cycle.

Dryers too—use a large towel to reduce drying time. Check your dryer’s screen: the lint from the screen in your dryer may not be enough to make sure it is running as efficiently as possible. The fabric softener used in dryer sheets can get caught in the mesh, even if you can’t see it. To be sure you’re completely cleaning the screen, remove it and clean it with warm, soapy water and a brush. Leave it out to dry completely before placing back in your dryer.

Q: What about saving water?

Bruce: Back to dishwashers—you should actually wash pots and pans by hand (usually)—you save up so much room and you don’t have to do Pots ‘n’ Pans mode.

With today’s high efficiency dishwashers and washing machines, the expense is really heating the water. So wash everything as cold as you can. You also may want to lower the temp you keep your hot water heater at. We recommend 120º F, which is plenty hot, even though many water heaters come set at 140º.

Other than that, low-flow showerheads and other faucets are a must! Definitely worth the price. Just ask at the hardware store.

Q: What about teenagers taking long showers? 

Bruce: Give teens an incentive to take shorter showers—5 minutes added to their curfew for every 1 minute they shave of their shower time. (Or 5 minutes more of time with their phone at the end of the night, etc.)

Q: What about tips for saving money on air conditioning?

Bruce: Keep blinds closed during the day – people probably know that! But also, close all closet doors, and seal off rooms you aren’t using. Use duct tape if your vents don’t close. And, make sure your windows and doors seal properly—that can save you big.

Q: Any other tips for saving energy?

Bruce: Believe it or not, MOST electric companies charge you more for electricity during peak times, which are usually between 4 and 8pm. Google the name of your electric company and “peak pricing” to see if yours does. If possible, keep your AC off during these times, and do more laundry and other electricity-intensive tasks during non-peak times.   

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There’s a huge archive of past articles and podcasts if you type in what you want to learn about in the search bar at the top of the page. Here are all the many places you can connect with me, learn more about personal finance, and ask your money question:

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