Finance

Sometimes spending more can cost you less.

Learn how to spending money can cost you lessRight now we are in the heart of shopping season and the more we buy the more we may begin to question the price-point of some of the purchases. I by no means am a brand junkie. I will admit however I prefer some brands over others. I like to make my purchases based on quality. I will admit however there are some brands that are synonymous with quality. I remember a few years ago there was a basketball player named Stephon Marbary, who like many basketball players had his own line of tennis shoes. He however took a different approach than most athletes, his tennis shoes were sold for roughly $20 instead $100, I clearly remember watching a news story on TV that compared his tennis shoes to the leading $100 brand. It was found that his tennis shoes, called the Starburys, were of equal quality to that of the more than $100 tennis shoes. Stephon Marbary line of tennis shoes are one of the few cases in which a quality brand that could have otherwise easily charged five times more, purposely choose to charge a lower affordable price.

You may think that it is unjustifiable for some companies to charge what may seem to be 50 to 75% more for their particular products.

However sometimes spending more can cost you less money over time. A friend of mine and his father both purchased dress shoes for church roughly about the same time some years back. His father just wanted to get shoes that fit at a good price. On the other hand, my friend meticulously examined each shoe and ultimately purchased a pair of shoes that were about four times the price of his fathers shoes. Continue reading “Sometimes spending more can cost you less.”

Finance · Product Comparision

Learn Which Device Can Save You Time & Money on Laundry

Whether it is a linen shirt or a sheer blouse, we all have an item that is a pain to iron. This struggle is not limited to clothes, the same pain applies to tablecloths and curtains. We have all gone through the process of washing those items only for them to come out of the… Continue reading Learn Which Device Can Save You Time & Money on Laundry

Finance · Product Comparision

Know before you buy: Store Protection Plans

  Currently we are in the season of shopping and many of us are going to buy new cell phones, tablets, computers, televisions and accessories. Many retailers offer a protection plan for those items at an additional cost. Many people wonder if the store protection plan is worth the additional money. The short answer to… Continue reading Know before you buy: Store Protection Plans

Finance · Product Comparision

Money Saving Monday: Protect your Investment, Buy Furniture Covers

sofa cover

This is season of more traffic to our homes than normal. Speaking as person with very light colored living room furniture, I am constantly inspecting it after people leave. Sometimes I quickly forget about the others options that I have to protect my furniture. Furniture covers!! That’s right people, furniture covers are not just for those times you want to switch up the living-room’s appearance. Furniture covers are great way to protect your living room furniture. Now I will admit a very nice pair of furniture covers can cost a pretty penny. I have to admit though, they are totally worth the money. Furniture covers are an investment that will protect your larger investment.

Think of it this way, some of us spend quite of bit of money purchasing phone cases like the oh so popular OtterBox covers for our phones in order to protect them, why not buy furniture covers to protect your living room furniture that you paid thousands of dollars to purchase? When it comes to our living room furniture sometimes we need a little extra piece of mind, especially when children are involved. The great thing about furniture covers is that they can be removed and machine washed. Continue reading “Money Saving Monday: Protect your Investment, Buy Furniture Covers”

Finance

Grasping the Reality of your finances

100 dollar bill editHaving a realistic scope of your finances is a healthy way to take a step toward a debt free life. Many years a ago, Donald Trump (before he was as successful as he is today) made the comparison between himself and a debt free homeless man. He said if he were to give the homeless man one dollar that the homeless man is technically richer than he was at the moment.  You may think that doesn’t make sense. Essentially a lot of us live a life that is in the negative when it comes to our finances. We buy our cars, homes, clothes, furniture, appliances and sometimes even our vacations on credit. And we are simply surviving by making minimum monthly payments laced with interest charges. Real money is the money that we actually have in our bank accounts that we earned. Imaginary money is our line of credit and our overdraft accounts. I have seen it time and time again in which the bank gives larger and larger overdraft limits and credit card companies increase card limits. When these increases occur, it does not mean that we now have more money. Remember that money is imaginary, again what we actually have is what is in our bank accounts (or in some old school cases, hidden in the mattress.) I am not saying that credit is a bad thing, however if we assess what we actually have, we can better access what we can afford to actually buy. We have often heard experienced financial analyst and economic geniuses like Suze Orman, tell us to live within our means. Today let’s take the time to determine what our means actually are rather than the imaginary money we believe them to be. Happy savings!!!