Tuesday, February 21, 2006

Eyes for Deals!

This blogging takes some time. So does managing your finances and saving money. Have you ever bought or sold anything on ebay? I have sold a number of things on ebay. Our family has had high speed internet and a home network for a number of years. Our first network was a HPNA or phoneline network. I have been thinking about installing a wireless network for some time so when I saw a great deal on a wireless router and a PCI adapter the day after Thanksgiving I bought them. $30 after mail-in rebates for both. I installed the router and it worked great. Then I put the wireless PCI adapter up for sale on ebay and sold it for $44. I also sold my three HPNA USB adapters for $40. Not bad. I upgraded my network to the latest technology and made $54. The point is not whether you know all about technology. The point is whether or not you are making the most of the resources you have. Things like ebay give us the opportunity to turn excess stuff into cash. You don't have to know somebody that wants to buy your stuff or limit yourself to the local classifieds. The world is your marketplace. Before you get rid of something, search it on ebay and see what it is selling for. You might be surprised.

Tuesday, January 24, 2006

Not you father's light bulb!

Electricity has done wonderful things for our quality of life. We have wonderful machines that wash and dry our clothes, wash our dishes, vacuum our floors, etc. We also can have safe, bright, light at any hour of the day with the flick of a switch. These things do come at a cost, and although it may not be a huge amount, every dollar adds up. Take light for instance. Since Edison invented the light bulb, it has remained basically the same - until now. In the last few years a new light source has come on the scene that is a direct replacement for the “old tech” resistance light bulb.

The new source is referred to as a CFL (Compact Fluorescent Light). These are fluorescent lights that screw right into the same socket as an “old tech” bulb, but use less than a quarter of the electricity to make the same amount of light. At my house, we have replaced every possible bulb we could with a CFL bulb. Why? Because the payback is phenomenal and there are ancillary benefits. A standard 60 watt bulb costs around $.50 depending on where you buy it. A 13 watt CFL bulb costs around $2.00 (less if you get them at Sam’s in 8-packs). The 13 watt CFL emits approximately the same amount of lumens (a measure of light) as a 60 watt “old tech” bulb. In addition, the CFL bulb lasts approximately 8000 hours, versus 1000 hours for the “old tech” bulb. How does this work out financially? Well, during the expected life of one 13 watt CFL bulb, you will save approximately $38 in electricity costs at $.10/KWH and $4.00 in light bulb costs. Hence, for you $2.00 investment, you return $42.00. This is not your father’s light bulb. Multiply this by the number of light bulbs in your house. This is a good deal! Then add in the fact that you don’t have to mess around with replacing bulbs near as often (especially in that spot where you have to stand on the top rung of the ladder) and you have a real winner.

You might ask, in the “old tech” bulbs, where do those other 47 watts (60-13) go? Well, the “old tech” bulbs turn the other 47 watts in to heat. That’s right, heat. Ever touch one that has been on for a while? It is hot! We even use them to keep pipes from freezing, keep the doghouse warm in the winter, etc. So there are even more benefits to the CFL bulb. It doesn’t put as much load on your air conditioner in the summer, saving you more money. It doesn’t discolor the things around it because of the heat given off.

You can buy these bulbs at Lowes, Sam’s Club, Menards, etc. They are usually cheapest in multi packs. You can also get 100 watt equivalents that use about 24 watts and I just saw outdoor flood lights last week for the first time at Lowes. They even make one that has the same shape as an “old tech” bulb to use with the lamp shades that clamp on to the top of the bulb.

Finally, it reduces our need for foreign oil, reduces the demand for new power plants, and requires less coal to be mined. Does it get any better than that? Till next time….

Sunday, January 22, 2006

Old-fashioned Frugality

Well, it took me a little longer to get back to this than I intended. As you can imagine, my life is relatively busy. Anyway, have you ever heard this phrase: “Use it up, wear it out, make it do, or do without”? Talk about frugal. How much stuff do we have lying around the house that hasn’t given us all of its potential usefulness? How much stuff do we have that we thought we needed at the time but never really put to use? Before you shell out your money for some thing or some service, run this little phrase through your mind. Then ask yourself, “Am I replacing something that really doesn’t have to be replaced at this time? Would this money be better spent on my children’s education, my emergency fund, or some activity that would benefit the whole family? What about my retirement fund?” I am not saying that our life must be austere. However, the materialistic excess of our society is certainly the enemy of our finances and our peace of mind. Memorize the little ditty and see what happens.

Saturday, January 14, 2006

Just Beginning

Welcome! This blog will simply concern ways to make your everyday living a little less costly and perhaps a little more fulfilling; a little more simple and perhaps a little less stressful. My wife and I have been married for 27 years and are in the process of raising eight children on a single income. Let's just say we have learned some "frugal ways" as a matter of survival. I don't have much time right now, but let's start with one very useful tidbit. Tired of all those credit card offers showing up in your mailbox. You can actually do something about it. Click on https://www.optoutprescreen.com and follow the instructions to "opt out". Forever!