Cheapskateblog.com - The Cheapskate's Guide to Life
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Saturday, December 09, 2006
Tuesday, November 16, 2004
Arrested 96 times, and changed his hair every time!
This is the hair he has to work with... Frankly, this is amazing! Click above link for more.
How much are your investments costing you?
Mutual funds are a great way for novice investors to play the market. However like everything in life mutual funds are not free. Mutual funds charge a fee once a year, and sometimes a load when you buy or sell. This charge averages about one percent of your investment. If you were to invest $10,000 in a fund that had a load of 1%, that is $100 a year out of pocket. Compare the fees associated with any investment before buying. Another thing to keep in mind is that exchange traded funds (ETF’s) and index funds have much lower expense ratios than there actively managed counterparts.
For those of us who like the excitement and the research involved in trading individual stocks, evaluate your broker. Many traditional brokers can charge well over $30 a trade. This is a high price to pay especially if you are doing the legwork yourself. Scottrade is probably the cheapest and the best online broker around. Trades are just $7. Sharebuilder allows you to buy for $4, but trades to sell are $15. This is still a good deal if you plan to buy many times and sell once. The Cheapskate recommends keeping all transaction cots under 5% of the investment.
Visit my finance blog www.tickerblog.com if you like to discuss stock ideas.
Monday, November 15, 2004
Telephone Bill Exorbitant? Help Below!
Another option is going with one of the internet phone companies. The best value seems to be with Vonage. The cost is only $14.99 a month for 500 minutes anywhere in the US or Canada. The price goes up to $24.99 for unlimited usage in the US and Canada. Your bill can’t be cheaper than that. Check out the Vonage website and see for yourself, the features you get would cost you hundreds of dollars a month with traditional service.
If you are tech adverse, now might be the time to get rid of your landline completely. In the 2004 election, the lack of traditional phone service in many homes became an issue with polling. Imagine that…pollsters were unable to annoy a whole segment of the population thanks to cell phones. Add to this the fact that cell phone service is down right cheap, and you have a formula for savings and convenience.
Thursday, November 11, 2004
Drop That Latte!
Thanks Amy, that’s a great suggestion.
Save Those Measly $1 Bills
In our above example, you would have $3.00 to put away to savings. Not much right? Exactly! See, this is such a small amount, you will never miss it. But over time it will really add up. I personally have been doing this for about two months now, and last time I checked I had over $250.00 in one dollar bills. My wife still laughs about my absolute refusal to spend my singles, but the joke will be on her when I get that new TV I have been eying.
I must give credit when do however, I didn’t think of this by myself. I ran across it while reading The Neal Boortz website several months back.