Penny-Pinching

See a penny; pick it up; all the day you’ll have good luck. My grandma taught me that jingle at a time in history when a penny was really worth something. Never-the-less it still has merit. Saving a few pennies here and there may seem futile but believe me, those pennies can add up to real money. If you set as a priority, saving money instead of spending money you’d be surprised at where you’ll find those extra pennies. Here are just a few ideas. Instead of renting videos, go to your local library and borrow theirs for free. The same goes for tapes, CDs and of course books. Cancel cable TV; start by trying it for the summer. You’ll find you spend a lot more time reading, doing projects and enjoying the good weather. To decorate a child’s room, get outdated posters for free from video stores and the post office. Children can find crayons, paper, scissors, old used wrapping paper, glue and other stuff a great pastime. Let their imaginations do the rest. Swap babysitting hours with other impecunious friends or with a college student who’d love to trade the use of your washer and dryer for babysitting. Remember if you’re thirsty, water is the cheapest. If you’re not already a vegetarian, stretch your food budget by occasionally eliminating meat and substituting a big baked potato with cheese or other toppings. Also, most kids will happily fill their bottomless pits with beans, pasta and rice. Make collecting cans for cash from recycling @ ECOSLO a family project. Once you start focusing on saving, you’ll be amazed at what expenditures you can eliminate and how much money you can accumulate.

Re-Visit Your Will
Have you reviewed your will lately? If it was written many years ago it might not accurately reflect today’s wishes. With the rapid increase in the value of retirement plans, stocks and mutual funds, many people should take inventory of their assets and then check their wills to see if they still want their estate distributed in the dollar amounts or percentage amounts originally stipulated. If your will leaves a specific dollar amount to heirs, that dollar amount may now be rather puny compared to your total net worth. Also if your will says you leave the “remainder” of...Read More