This week’s best articles on how to save money
I read dozens of websites and blogs on how to save money so that you don’t have to. Here are my favorites this week.
15 Items That Are Always Worth Buying in Bulk Trent from the simpledollar.com has a list of items that are easy to store, don’t go bad, and save money when purchased in large quantities. The one item on this list I disagree with is light bulbs. LCD light bulbs are the most efficient on the market but they currently cost so much that they just don’t make financial sense. However, the price has been coming down in recent years and the price will soon drop low enough that they will save you money in the long run. When that happens, you don’t want to be stuck with a bunch of older less efficient bulbs you have to use up first.
I am absolutely with him on things like beans and rice though. I buy ice cream in family sized tubs because when we are done with the ice cream the tubs are the perfect size for air tight storage of bulk rice and beans.
The AirBnb Experiment: How I Impulsively Started a Vacation Rental Business Afford anything has instructions on how turn your house into a bed and breakfast to make a little cash. It is easier than you think with a website called airbnb.com that I am a fan of. I have used airbnb on a couple occasions when traveling to save big money when I visited Disneyworld and New York City.
I have also thought about seeing if I could make some money by listing a spare bedroom on airbnb. I live in a college town where hotel rooms are hard to come by on football weekends, and I have often considered seeing if I could make a little extra dough by providing fans a place to sleep. My wife didn’t think it was a very good idea so I never followed through on it, though.
How to Haggle for a Better Price on Almost Everything Patty from moneyunder30.com has directions for how to ask for a better price.
Are people using iPhone more likely to be in debt? Maria from the debtprincipal.com has some interesting information that on why iphone users are more likely to be in debt. If I had written this article I would have pointed out a major reason that Iphone users are in debt is because who want to save money are on Republic Wireless which only offers Android phones. Maria is from the UK though, so I don’t think they have Republic Wireless there.
By the way, big news is coming from Republic Wireless on April 17th as they are launching a less expensive phone to match their ridiculously cheap phone plans. Check back right here for complete coverage of the only significant cell phone related news since November. I know several people who have been waiting months for this announcement.
Interest vs. Principal Finally, here is Monica from the Frugal Optimist. Monica and her husband are in some serious debt and she is planning on using a technique advocated by Dave Ramsey called the debt snowball where debt is payed off in order of smallest principal to largest rather than highest interest rate to smallest.
The reason I recommend this article is because I have been working with Monica where we have been looking at the debt snowball method and whether it really is the best method for her to get out of debt. ABC readers can get the back story now before checking back here Monday morning to see my article on whether or not the snowball method is really a good idea.