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Archive for the ‘Financial Stuffs’ Category

Back Story: <A/N: The author encourages any and all ways to save for college, unless it endangers retirement funding.> I overhead a grandmother collecting Georgia State quarters for her granddaughter’s college fund. The granddaughter’s name was Georgia.

I think this a really neat idea. Especially if the parents are die-hard fans of a sports team or alumni, i.e. University of Florida Gators or Harvard Law, you would collect Florida state quarters and Massachusetts state quarters respectively.

Or if the child has a city name: Cheyenne or Dakota, you could collect Wyoming and North & South Dakota quarters respectively.

Another idea is for those that are able to: for the 1st birthday, contribute $1 toward the college fund. At the 2nd birthday, contribute $2, and so on for each birthday. If you could get people to do this instead of buying a bunch of toys, you could end up putting away a nice amount for your child’s college fund. The same can be done with coins (100 pennies, 10 dimes, etc.), if the parents want to have a physical reminder around at all time.

Another idea: collecting loose change. My aunt and uncle, when my cousin was born, had a little piggy bank in his nursery where any and all loose change was deposited. My cousin is getting ready to graduate from high school, so this will hopefully help towards paying for his schooling.

© Cori Large 9/25/2014

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Summary:

Title is self-explanatory.

Opinion:

Oh, my God! This book was hilarious!!! Don’t have to have read The Total Money Makeover to find this book funny, but it helps. Jon sarcastically and humorously expounds on questions that are on all our minds: Does Dave only own blue shirts? What is the appropriate attire for attending Financial Peace University? New ideas to improve the Ask Dave Ramsey app, and much more!

Recommended very much!

© Cori Large November 2013

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Summary:

Three friends who are having money troubles band together to try to get their respective acts together to save money.

Opinion:

As someone who is on the Dave Ramsey plan, I was cringing and yelling at the characters at the beginning of the book.

I did get some neat homemade gift ideas from this book. Recommended, overall: enjoyed reading it.

© Cori Endicott September 2013

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So I don’t brag very often about great book deals. I certainly haven’t on this blog yet, but I really wanted to share this:

For those that don’t know, I love Nigella Lawson, watch all the episodes of every cooking show (not reality show) she’s done, and collect her cookbooks. The average price of her cookbooks is $35 each.

Well, my husband and I indulged in a trip to our local used bookstore. This is something I don’t do very often, because for some reason when I walk into a bookstore, I believe I have bottomless pockets and financial resources. And, if you’ve been following my earlier posts, my  husband and I are trying to stick to a budget, pay off our debt, and save up for a house.

The average price of her cookbooks is $35.

I found three in really good condition, and walked out with them for less than $20!!! The total amount I spent was $21.40, but I bought two other books that contributed to that.

So, yes, three Nigella Lawson cookbooks for under $20. SCORE!!!!

*happy bookworm dance*

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A couple of weeks ago, I posted about how fiancé and I put up a clothesline. My idea was that it would save us money on our electric bill. Right now I’m having to get used to only doing one load at a time. I’ve been used to getting all my laundry done in a day. Don’t have the space for that goal YET! Maybe one day.

We received our next electric bill. Unfortunately, we did not save anything. However, this can be attributed to that fact the weather dropped to the 40s and we had to turn the heater on 4 days in a row. Never again! I’ll pile all the blankets we have on the bed instead of turning the heater on.

Here’s a picture!

2013-03-17_09-45-51_711

Now onto Month 2 with clothesline! Hopefully the weather will cooperate in more that one way (no rain, not cold) and I’ll be able to report success next time.

© Cori Endicott March 2013

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So ever since I started working, my beloved grandfather tried to instill in me the importance of putting part of my paycheck in my savings account. With all the scary talk that has been going on for the past couple of years (seems longer) on whether or not Social Security with be there for my generation, I figured it wouldn’t hurt to take matters into my own hands.

I’m not trying to be political in anyway. This is just my opinion.

I was recently given Dave Ramsey’s The Total Money Makeover on audio book. A few things he had to say resonated with me, especially his formula for calculating how much you need to retire.

His advice was to multiply your nest egg by 8%, and the resulting number would be your annual cost of living allowance while retired. This is the most concrete ANYTHING anyone’s ever put out.

Here’s the formula written out:

Nest Egg x 8% = Cost of Living Allowance

So I had some fun doing the reverse math:

I guesstimated $40,000 a year for cost of living allowance. And plugged this into the formula:

Nest Egg x .08 = $40,000

Divide both sides by .08.

Nest Egg = $500,000.

So in conclusion, I’d have to put away $500,000 by the time I retire to retire comfortably. Maybe. This is a guesstimation. I have no doubt this number may change at some point and I’ll have to recalculate.

I do like this formula because anyone can use it and it’s simple math.

If some else finds this formula useful, thank Dave Ramsey.

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When fiance and I moved into an apartment, one of the things we asked about was putting up a clothesline. I was looking at it from a money-saving perspective. Fiance grew up with a clothesline so he had no problem with it.

We were told that we couldn’t attach anything to the building structure or anything in anyway fly off the balcony. We ended up copying another tenant’s idea that seemed to be within the parameters.

We hooked paracord around one railing and strung it across the 12 foot space and back again at an angle to create a V-shape. It’s hooked at both ends so we can take it down when needed, AND there’s not damage to the railings!

We set it up yesterday (3/3/2013) and put the first load out. It happened to be a really windy day. I was worried that the wind would pick up too much and I’d watch helplessly as the clothes flew away.

Before bed, we brought everything in. 60% of was dry and ready to be put away, the rest was hung up on hangers and put in the spare bathroom. I didn’t want to leave it outside overnight, mainly because of my fear of stuff flying away.

Our goal is to completely line dry our laundry this month to see how it affects our power bill. No pictures yet, but I’ll get one to add it.

P.S. I have a big rosemary plant and aloe plant that my shirts were catching on. It was amusing. 🙂

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