Something On My Mind

Seeing that 75% of Americans live paycheck-paycheck and can’t afford to retire at 65 years of age, this means that they cannot afford their homes. With this statement you may think that is not right! People stay in their homes without missing payments throughout their lives.This may be true; however, when you look at it holistically, a different viewpoint emerges. So let’s discuss.According to the AP average price of a home is $414,000. With this scenario, Nerd Wallet says the average payment is 9%. So this comes to $37,260 leaving a mortgage of $376,470.Closing costs average between 2-5% and by taking that 2% the mortgage comes to $384,000; and using an average interest rate of 7%, the payment comes to $2,874.Okay that’s doable; however, we have also need to factor in averages for: -Taxes at $3,200 or $271 per month-PMI at 1% of the mortgage amount is $,3,840 / 12 = $320 per month-Homeowners Insurance estimated at $2,400 / 12 = $200 per month Total Payment Scenario is: $37,260 down payment plus $3,665 each monthSo can you handle that? Keep in mind that this is a starter home which will no doubt need improvements before long or upfront. So this brings us to the rules that you must follow: 1) If you do not have an emergency fund (3-6 months of a stipend),2) A rainy day fund (to pay for unforeseen maintenance)3) No credit card interest4) You need to invest 10-15% of your gross income for retirementIf you cannot meet this criteria, then this means that you cannot afford the home. Eventually, you will run into a situation where you’ll need additional money that you don’t have which leads to additional borrowing, leading you down a rabbit hole.Now for the last thing . . . if you are already a homeowner and you don’t meet this criteria, consider making a change so that you can plan effectively your future.When it comes to your retirement, it’s not timing the market, it’s time in the market.The bottom line with homebuying is to be patient especially in times of high interest rates as the wrong decision can lead to several years of maintaining debt. Website  https://www.somethingonmymind.net/Social Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcastWebsite  https://www.somethingonmymind.net/Personalfinance personalfinancetips investing stockmarket finance podcast budgeting retirement autoloans refinance credit cards 401(k) creditcards sidehustle debt-free FIREmovement budgeting studentloans mortgages wills trusts IRA economy creditscore

It’s no secret that medical bills are among the most significant expenses we face in our lifetimes. While we often can’t control the cost, there are several ways to soften the financial impact.Let’s perform a diagnosis—and a treatment plan:Verify Insurance Processing:When you receive a medical bill, confirm that your insurance claim has been fully processed. It’s common to receive a bill before insurance adjustments are applied. Ensuring the claim is complete helps you avoid overpaying and requesting reimbursement later.Consider Cash Payments:If you’re uninsured, have a high-deductible plan, or your insurance doesn’t cover a service, paying cash can be a smart financial move. Many providers offer discounted cash rates for labs, imaging, and outpatient procedures. Always ask about available discounts.Consider Medical Credit Cards:If cash flow is an issue, a medical credit card may be an option. However, choose this option if you can commit to paying off the balance within the promotional 0% interest period. Otherwise, you’ll owe the full accrued interest, which can be substantial.Compare Provider’s  Costs:If you need surgery or a procedure, ask whether your doctor operates at multiple locations as these costs can vary widely. Contact each billing department, request billing codes, and compare prices. By doing this, I reduced a $10,000 bill to $1,000—and after insurance, I paid just $300.Save on Prescriptions:For daily medications, request a bulk supply—such as a 90-day prescription instead of a 30-day refill—to save money. In my case, this approach reduced costs by about 40%. Also, explore discounted programs like GoodRx, and consider generic options when appropriate.Social Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcastWebsite https://www.somethingonmymind.net/

For most owners, when they purchase their homes, the monthly mortgage payment is a fixed amount for 30-years and sometimes 15, people still become accustomed to a standard payment each month.On top of the mortgage payment is an escrow account established by the lender to manage payments typically for property taxes, homeowners insurance, and, in some cases, private mortgage insurance (PMI). So each month these expenses are wrapped up as the total monthly payment and the lender pays them on the homeowner’s behalf. However, when people sign on the dotted line, they are not informed that this payment may change on a yearly basis; and this is due to the yearly escrow analysis. This is one of those hidden budget tips that no one tells you about. So what may change? Over the course of a year, property taxes and insurance premiums may fluctuate. For the most part taxes will continue to rise as the world becomes less predictable with the environment. With natural disasters becoming more common, oftentimes homeowner’s insurance rates will increase in geographical areas where there weren't unfortunate events. The other common increase occurs in the first year of home ownership. Taxes are based on the assessed value of a home; however, these values are often suppressed meaning they are not accurately updated each year. Hence, in the first year of ownership, the assessed value can increase to be accurately reflected and this can generate a large spike in the overall tax amount. In addition, local governments may also increase your bill as property values rise each year or there may be cases where a millage is added to improve parks, libraries, community centers and the like. So what happens annually?The lender will review any changes and compare them with the initial cost estimates. If there is an increase, the lender will adjust the monthly escrow payment to cover the new amounts spread over the course of the year. In the event of a surplus of $50 or so, the lender is typically required to refund the excess amount. So how do I prepare? For the most part there is nothing that you can do. Know that if you filed an insurance  claim, or major disasters occurred  across the country or you bought a new home, or if your municipality has approved a special assessment, your taxes will most likely rise.This is why it is important to have available disposable income to account for the increases in your budget.Website  https://www.somethingonmymind.net/Merchandise https://www.somethingonmymind.net/shopSocial Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

In the prior personal finance tip #97 which was how to save on the little things, we mentioned how to be awarded with Amazon digital credits for delaying delivery and we mentioned buying a monthly car wash plan. We also covered the value of buying long term products and services rather than single use items which occur multiple times. Lastly, we covered the value of buying products on the basis of consumption needs. Employing this mindset with all of your spending will watch your dollars add up. So we’d like to propose a challenge to you. Can you save $100 a month? For most people, the answer is yes and with that comes the ability to invest this money in    yourself. You could do this via tax deferred retirement accounts such as 401(k)s, Roth 401(k)s, Roth IRAs, traditional IRAs and 403(b)s and 457 plans. The other option is to have an individual brokerage account where you can buy fractional shares of stock in well-known companies. For example, your $100 monthly contribution may buy $5 worth of Apple, Nvidia, Microsoft, Tesla and so on. Many companies offer this including TB Bank, Charles Schwab, Stash and Fidelity where you can also invest money any way that you choose. All you need to do is set up a monthly withdrawal.Now for simplicity, let’s create a scenario of compound interest: you decide to invest your $100 each month into an S&P 500 fund. A well-known ticker is Vanguard’s VOO. After their expense ratio, it has yielded an annualized return of approximately 9.5% for the last 30 years. If you invest that $100 per month at that 9.5% interest, you’d have $181K in 30 years and $980K in 48 years - and this is where compound interest takes over. From years 31 through 48 this account would grow an astounding $699K. To take this further:For $200 a month: after 30 years, you’d have $362K and reach $1M in year 41For $300 a month: after 30 years, you’d have $543K and reach $1M in year 37For $400 a month: after 30 years, you’d have $724K and reach $1M in year 34So needless to say this is awesome; and all you have to do is make some minor adjustments throughout your budget. My advice is that you do not want to look back many years from now and say if I just would have eaten out one time less per month, or cut back on streaming subscriptions, bottled water or overspent during the holidays, I could have had all this money. So take this heart and pass the word because anyone can be a millionaire.Website  https://www.somethingonmymind.net/Merchandise https://www.somethingonmymind.net/shopSocial Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

Website  https://www.somethingonmymind.net/Merchandisehttps://www.somethingonmymind.net/shopSocial Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcastWhen it comes to budgeting, people think about the monthly expenses for items such as the mortgage/rent, car payment, grocery bill, subscriptions and so on. On the flip side there are costs that fall into the general spending category where the items are not fixed amounts. The way to manage this is to look at the repetitive activities throughout the year and decide if you can get more out of what you’ve purchased. In my case, I think about buying opportunities that I am given or I put thought into the new items that I will purchase. Let’s review a few of them.The easiest one for me is with my orders on Amazon. I'm often offered digital credits if my packages are delivered in 2-7 days rather than the next day. I usually get a few dollars per order and I use that for renting movies, buying books, music or apps. This really comes into play during the year-end holidays.Another one is the car wash. My wife washes her vehicle 3-4 times each month at $10. So we  purchased an unlimited monthly plan at $25 saving us $15 and that comes to a savings of $180 each year. One item that comes up periodically is bowling. We like to sprinkle this throughout the year, especially during the winter and with that comes renting shoes for my wife at $4 a pop. Now over the course of two years, it was more cost effective to purchase a permanent pair and over time that $4 stays in her pocket each time we hit the lanes.Here is an usual one regarding consumption. I bought a large bag of zip ties to help stake my plants and shrubs in the garden. They are a single use item; however, I insert flange in backwards so that it doesn’t lock, meaning that I can reuse them several times. Let’s do more: during my travels, in some cities, such as New York, using a taxi rather than an Uber or Lyft is less expensive by a wide margin. Okay, let’s wrap this up. When you incorporate this type of mindset with your purchases, the savings are small per transaction; however this money adds up over time. The beauty is that you save money without changing what you use or purchase. In addition, less consumption of items helps the environment.

According to Bloomberg, auto insurance rates in the US have increased by 37% since January 2020, and as of December 2024, the trend shows no signs of slowing down.This is understandably concerning.When you factor in car payments, fuel, and maintenance along with insurance, auto expenses can easily become one of the largest budget categories.Several factors contribute to this rise, with two major ones being the complexity of modern vehicle technology, including sensors, and the escalating cost of parts. Additionally, the average cost for a collision claim has reached $6,000.For example, my own car’s bumper was tapped at just 5 miles per hour, and the repair bill exceeded $8,000.So, what can drivers do?There are several strategies that may help reduce your insurance rates.If you're considering purchasing a new car, research the makes and models with higher insurance premiums, as costs vary significantly between vehicles.Raising your deductibles can also lower your premiums, and you can reduce add-on coverage, such as rental car benefits while your vehicle is in the shop. Driving less reduces your risk of accidents, which in turn can lower your insurance costs.Be sure to ask about available discounts, and if applicable, bundle your car and home insurance. In some states, completing a defensive driving course can also result in a premium reduction.Accidents and violations typically remain on your record for 3-5 years, so if this applies to you, exercising patience may help in the long run.Many companies factor in credit scores when determining premiums.While some claim they use a model based on credit behavior rather than an actual score, many people remain skeptical of this disti  nction.This ties back to the importance of maintaining a strong credit score, which we covered in episode #40.In conclusion, while you can't control the overall cost of automobiles, you do have several options to help manage your insurance expenses.Website  https://www.somethingonmymind.net/Merchandisehttps://www.somethingonmymind.net/shopSocial Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

In times of high interest rate environments, most people will not refinance due to the cost. With that being said, circumstances arise to warrant this, such as divorce, marriage or a job relocation.For the most part, people wait for the federal reserve to cut rates so that borrowing money is more palatable. For example, at the time of this recording, the average interest rate for a 30-year mortgage is 7%.So when the rates begin to drop later this year, people will rush in to refinance.For example, a 7% interest rate for a $300,000 mortgage generates a monthly payment of $1,995. If we go to 6%, the payment is $1,798 and at 5% it is $1,610. So this is why refinancing makes sense; however, this comes with a caveat. When crunching numbers, the cost is between 2-6% of the mortgage amount depending on items including loan size, the type of loan and credit score.  For our $300,000 loan at a 3% cost, this would be $9,000 bringing the total to $309,000 and this is where caveat #1 comes in: it takes approximately 7 years to pay off the cost for refinancing; however, when stretching out payments for a new 30-year cycle with a reduced interest rate, the new monthly payment is lower than the original monthly payment and people are attracted to that eye candy. Now in truth, a 1%+ interest rate deduction is almost always a good move if the cost is right. What you have to watch for is refinancing again when rates continue to decline. For example, if you refinance from 7% to 6% and then say at 5.25% and 4.25%, you may run into paying more money with the cost to refinance and accumulated interest. As we said a moment ago, a $300,000 mortgage costs between 2-6% or $6,000 to $18,000. If you refinance three times, that ranges from $18,000 to $54,000; and this where the second caveat comes in. All that money you spent to have a lower monthly payment adds up and even though your monthly payment is lower, each time you refinance, a new 30-year mortgage cycle begins. What you are doing is stretching out more cost and interest over a longer period of time.   To sum things up, refinancing makes sense when you actually save money over a long period of time meaning you are not refinancing for the sake of refinancing and not multiple times. It is understandable that pinpointing the correct time to refinance can be challenging; however, if the market trend is moving downward, it tends to stay that way for several months and this can aid in determining when to make your move.  Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

Today is 2/11/24 which is the Superbowl with the Kansas City Chiefs vs. the San Francisco 49’ers and this marks the 57th time that this game will have been played. This is a large amount of years, so we decided to run some math based on the amount at which things are consumed and what they cost. Let’s start with advertising and the cost for a one minute spot during the game:In 1967: $37,500. For 2024: $7 million. This equates to an increase 185 times. To further that, this means gas would be $61 per gallon and the S&P would be at 16,000 - for context today it is at 5,000As for as food and beverage:Chicken wings would be $43/lb. A 6-pack of beer: $340.A bag of Doritos $18.5.So needless to say, for most items, they only increase in price and this led us to look into inflation and compound interest. For example, that $1 football square would be $9.18. How about the average house? According to the St. Louis Federal Reserve, it was $24,400 and in February of 2024, it is $492,300So let’s just put it out there . . It is expensive to be an American. Therefore, the best plan of attack is to budget and live within your means. In unison, the mission is to invest in yourself and build a moat for your future while balancing inflation. 'For context, the S&P since 1926 has averaged a return of approximately 10% and a 7% return when factoring in inflation. If we were to emulate that, we can invest in exchange traded funds that closely mimic these returns such as the tickers of SPY, IVV, VOO and SPLG. For context VOO has returned 9.99% over the last 30 years. According to Forbes, the average American works 42 years before taking retirement, so let’s see how much money adds up over time without inflation and expenses:At $100 a month, the amount would be $679,602.At $250 a month, the amount would be $1.69M.At $500 a month, the amount would be $3.39M.So this is fantastic and this shows the power of compound interest - and the reminder is that the more that you can invest, the more you make and you let the market do its thing. So the next question is … will this prompt you to look at your budget and find a few dollars to put away? All it will do is make you money. Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

After the December holidays we often hear people talk in social groups and in the media that the credit card bills are coming due as a result of shopping during the December holidays. Obviously, this means only one thing: that if you have payments coming, debt was compiled that can’t be paid off in one billing cycle. Moreover, the simple fact is that when this occurs, it means that people are buying things that they cannot afford. We have talked about this many times . . . this is not a good practice. Secondly, it is probable that this debt is piled onto existing debt. To put this in perspective, the average consumer spends $1,000 during the holidays with a 1%-4% minimum payment. In addition, the average new card interest rate is over 24% at the time of this recording. So let’s analyze the minimum payment at 2%; it will take 56 months to pay off with a total of $664. So in effect, the holiday shopping cost you $1,664 or 64% more than you originally spent - that’s big ouch!Imagine going to buy a box of cereal that was $5 and it was $8.32. You may opt for that purchase. So why pile the debt on credit cards?On this show our mission is to provide you with insight rather than tell you what to do. However, if you cut down on spending, engage in maximum spending limits with family and friends or have an outing rather than gift exchanges, these are great ways to reduce spending. Now try this thought on for size: when the holidays approach next year, think back to all of the gifts that you bought and received and the odds are that you will not recall most of what was opened. So, the question is: how important do the gifts really matter? Perhaps, spending time with the people that you love is more valuable than money. As a side note, it is a good idea to refrain from the practice of waiting for a tax return to pay down debt in general, because this means the government is using your money for free when you could be paying down debt during the year. To learn more about this listen to episode #47.Website:https://www.somethingonmymind.net/Social Mediahttps://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

Okay, you’ve got to be escheating me. What on earth does that mean? The definition derives from medieval times, in feudal law. When a landowner (tenant of a fief) died without an heir or committed a felony, a process was needed for the ownership of the land. In modern times it is the right of a government to take ownership of estate assets or unclaimed property in the event there are no heirs or beneficiaries.In layman's terms, you may have a variety of financial assets that you can claim and this includes uncashed payroll checks, inactive stocks, court funds, dividends, checking and savings accounts, and estate proceeds. So how does this occur? A few common ones derive with the death of the account holder or forgetting about an account.Let’s say someone moved out of an apartment in the middle of a month and paid a full water bill to the city. This person would be owed a half-month back; however, the rebate check was sent to the old address. Hence, the check goes uncashed and ends up unclaimed property. So let’s go through a few ins and outs. 1. Escheatment laws vary by state, but typically it takes about five years for the state to claim someone’s assets2. Unclaimed property is not taxed while it is filed as unclaimed; however, the property may be officially recognized as taxable income when it is reclaimed.3. Some unclaimed funds such as investments from a 401(k) or an IRA can be reclaimed tax-free.So how much money is out there? In New York, the state returns $1.5 million in unclaimed property to people who file claims. As of July 2021, the state had $17 billion in unclaimed property. In addition, the IRS has millions in unclaimed federal tax refunds. So How Do I Find My Money? Simply go to missingmoney.com which is a national database and if you find your name with some goodies on them follow the instructions. It’ll feel like you gave a gift back to yourself. Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

The United States culture tends to recognize many types of celebrations and this has created a common theme of replacing presents with gift cards. They are easy to purchase, simple to use and the beauty is that people can shop for what they want without having to wrap and return items.Throughout the years gift cards can accumulate in wallets or desk drawers and many people are waiting to redeem them for a special occasion. According to USA Today, 47% of Americans have one unused gift card, voucher or store credit, and on average each person has $175 in unspent gift cards.So the most common question that we receive is what happens to the cards if they go unused?For starters a federal law 2010 says that a gift card can’t expire for five years from the time it was purchased or from the last time someone added money to it. In some states, the expiration period is longer. With generic cash cards such as MasterCard or Visa, they begin to incur inactivity fees after one year, which eats away at their value. 3. There is an option to sell cards on websites that typically give you 70 to 80 cents per dollar. 4. Depending on what state you live in, they may have unclaimed property programs for unused cards. The thought is that issuing card companies haven't provided a service to earn the money, so they don’t get to keep it. So chalk up a win for the little guy. 5. If you have long-term unused cards and want to claim them, then you can search for unclaimed property in the state that the card was issued to see if you have money coming to you. 6. Additionally, you should periodically look on your state’s website to see what else may be coming to you which is known as escheating. From there, just follow the steps to reclaim your money. So to wrap things up, gift cards do not need to be wrapped; however, they can be lost, misplaced or lose their value. The best way to manage this is to keep them organized and simply use them.Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

According to Zippia.com, in 2021 the average amount homeowners spent on home improvement was $10,341 which was up 25% from 2021. This makes sense as people spent their cabin fever time improving their homes and now that Covid is more controlled. People are spending more due to M1 money supply with unemployment and stimulus checks. Now that labor rates are rising due to lack of resources, the general contractors and landscaping companies are raising their rates and passing them onto you. This is just another result of inflation.So what can be done to curb the cost? The easiest one is reducing the cost for supplies to complete jobs. Generally speaking, the typical markup for materials is between 7.5 to 10%; however, some contractors will mark up materials 20% or more.What you can do is ask the contractor for a materials list and place the orders yourself. Now with larger jobs, it comes with more complicated supply lists, ad hoc purchases and add-ons. In addition, you may make several purchases throughout the project life cycle so you need to stay on task. In many cases you should be able to order the large majority of goods while removing copious tasks away from the contractor who may not want that burden. The bottom line is that this is an easy way to save money and you can learn a little bit along the way. For example, a $30,000 job could save you anywhere between $2,250-$6,000.Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

If you have a dog and a fenced-in yard, this helps your furry companion with better overall health as it provides him the ability to be outdoors, exercise and have a consistent marked territory.On the other hand, if you do not have a fenced yard, this is where the invisible fencing comes into play. Other than the shock factor that your pet will adapt to, this is a fantastic option.This has been a common choice for pet owners for many years; however, the cost for a system is expensive as it averages $1,200 from my research.The main difference is choosing between the wired and wireless option. The wireless is more expensive and they can be harder to set especially with pro installation and wires can break and be difficult to fix due to tree roots and underground obstacles. The biggest hurdle for the wireless is that it may have difficulty tailoring to the shape of the yard’s boundary.So what choice do you make? To me, wireless is the best option.It is less expensive You can adjust the boundary settings with a turn of a dial You can take the system to any location, plug it in and you are ready to goAs for me, I found a refurbished system for $250 from a reputable company. I set up the flags and my dog was trained by the second day. In addition, I have an acre of land and have not incurred an incident with boundary limits and my dog couldn’t be happier. Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

When it comes to using a couch, sofa or chair, many people simply use it and do not think about maintenance; however, this may leave you with furniture that wears out prematurely. So to avoid this, let’s go through some tips:1. Rotate and fluff seat and back cushions regularly. This simply extends the life of the furniture2. Rotate identical upholstered accent and dining room chairs when one or more of them are not used regularly. This will extend their life even further3. Vacuum furniture with an upholstery attachment on a regular basis This will prevent the cushion core from wearing prematurely, will preserve the fabric color and control welt slippage. Although dust may not be apparent, it settles into your upholstery and may not only make it dirty, but may eventually damage the fibers if not removed. Remember, If you think that your furniture is clean, just bang your hand on the cushions in the sunlight and you'll have hundreds of particles floating in the air.The bottom line is that this is not your typical personal finance tip; however, when the rubber meets the road, life is all about math and money. Hence, take care of your things and they will take care of your pocketbook. Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

The Earth might seem like it has abundant water, but in fact less than one percent is available for human use and we are running out of it. So let’s push down the handle on some Flush Facts: According to the EPA, the average American uses 300 gallons of water per day or about 80 gallons per person. In addition, roughly 70 percent of this use occurs indoors. So it goes without saying that there is always something that we can do. So let’s talk about toilets.With that being said no one goes out and says that I am excited to shop for a toilet; however, over $10 Billion are sold in the U.S. each year.This means the odds you’ll buy one sooner than later. So let’s get to more numbers.The standard toilet in the past used 1.6 GFP or gallons per flush and with recent advancements, many have been reduced to 1.28 gallons per flush which is a reduction of 20%.WIth my recent toilet purchase, it uses just .8 GPF while still providing equal or superior performance.So I am happy with my choice knowing that the average person flushes five times per day which means I am cutting the water usage in half. Not to mention that I have incorporated other water reducing tactics with other low flow appliances and fixtures from our PFT #40 and PFT #6 which covered why there is no need to rinse your dishes by letting your dishwasher handle the load.Therefore, I am significantly reducing my water bill as my past purchases will pay for themselves over time - the best part is that I am preserving our environment and you can too!Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

In times when inflation is rising, we experience higher prices for our goods and services as well as shortages.For example, In the grocery store, we’ve experienced products in limited supply from toilet paper to baby formula. When a desired product is available, it is emptied as soon as it was stocked. When it comes to gasoline, supply chain disruption was experienced in 1973 and 1979. This also occurs during natural disaster situations where shortages shoot up prices and then we hear about gauging. To make things clear, gauging does occur; however, there is a large misinformation notion that gas stations drive up their prices because they have us over a barrel. For the most part this is not true as our research on average tells us that most retailers make 15 cents per gallon after the consumer pumps it. To make things worse, most people pay via a credit card which has a merchant fee around 2.5%. Hence, when the price per gas is at just $4, the retailer pays 10 cents and in our example would profit just five. This is why we see a cash price listed on the signs that are lower than the credit price. Hence, if you have cash, this is another way to keep a few bucks in your pocket especially during long stretches. The bottom line is this is another way to save a few more dollars, yet the hidden point in this finance tip is when we understand how things work, we can accept things that we don’t like.Website:https://www.somethingonmymind.net/Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

This week’s personal finance tip is about Better Battery Co’s Recycling and Delivery Program.Can you imagine how many batteries are in landfills considering every household uses them?According to The California Department of Resources and Recycling, it is estimated that 4 billion disposable batteries are shipped to the US each year and that means the average US household uses an estimated 47 batteries per year. Now this is a daunting piece of information; however, there is good news. You can now purchase batteries online while also disposing of them responsibly.Better Battery Co. has developed household batteries that are not only rechargeable, but also recyclable. Their program is designed to ship you new supplies as you deem necessary while providing the packing and the return packing slip.When it comes to your money, you’ll pay more for the batteries than you are accustomed to; however, they do come in a variety pack of sizes which is not how most batteries are sold and you don’t have to leave your house. Moreover, when you hear the words “cost more,” consider that many people pay double the price just to get their food delivered to their doorstep. The bottom line is that this battery product is an ongoing example of an innovative solution that is convenient and helps the environment. In time, this may be the norm rather than the exception. Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

There is no doubt AI will impact the amount of jobs available in the future and how much money people can make. What jobs are at risk?Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

The average cost for a gallon of gas as of this recording is $4.22 according to AAA. Not to mention that this has been going on for weeks and it may stay this way for several more cycles.So what can we do to get more out of our tanks of gas?#1 Use apps such as GasBuddy which is our PFT #23 to find the lowest costs in your area. I always go to Costco.#2 Keep your speed in check. According to Consumer Reports, driving 65 mph instead of 75 mph on the highway can increase fuel efficiency by 7 mpg for a mid-sized sedan and 6 mpg for a small SUV.In addition, our crack staff performed so math using the Distance = Speed * Time formula and for 60 mph that says when drive 70 mph vs 80 mph over the course of 60 miles you only save 6.4 minutes.#3 Each month your tires lose approximately one 1 psi, and low tire pressure negatively affects fuel economy.#4 You do not have to purchase premium gas. According to Edmunds.com even if the owner's manual recommends premium gasoline, the car will typically run on regular without issue and it will not damage the engine in any way. #5 Avoid hard acceleration and excessive braking and try to keep a steady pace, and remove bike, kayak and cargo racks as this creates a drag on your vehicle. The bottom line is that these tips are valuable at any time in life; however, most people are reactive rather than proactive. So take your time out there and you may be able to get a few more gallons between fill-ups.The new social and etiquette rules for 2023Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast

We review the top ten worst college degree choices. Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast