While most people strive to keep their car insurance deductibles as low as possible, the downside is those deductibles result in higher premiums. But for folks who drive limited miles, safe motorists, and those who drive older vehicles that have lost most of their value, it usually makes sense to get the highest deductible one can reasonably afford. That’s because higher deductible policies offer lower premiums that, over time, can
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All things considered, most coffee drinkers realize that brewing their java at home is significantly more cost effective than buying it from Starbucks. However, those who use a typical automatic drip coffee maker may not be saving quite as much as they think because the warming plate typically consumes energy at a rate of 1000 Watt-hours; over time that adds up. For example, a coffee maker left on for a
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Like it or not, in America, some folks will always have to work harder than others to succeed. The great economist, Milton Friedman noted that the word “fair” isn’t in the Declaration of Independence, Constitution, or the Bill of Rights; those documents do, however, champion equal opportunity for anyone aspiring to achieve financial security. Even so, some folks espouse — often unwittingly — the idealism of equal outcomes for all,
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Most cooking aficionados prefer natural gas cooktops over electric ones because they heat evenly, and provide precision control with instant on/off capability. Typically, all natural gas appliances — not just cooktops — last longer and require less maintenance than their electric counterparts. Natural gas is easier on the pocketbook too; according to the DOE, it was 68 percent cheaper than electricity in 2011. So it’s probably fortunate that 54 percent
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If you’re looking to earn the biggest annualized net return on your college investment, studies consistently show that your best bet is via a science- or math-based technical degree. With that in mind, one would assume science or math is the most valuable subject taught in grade school. Not true; it’s English. Especially when you consider that our customers, bosses, and colleagues often gauge our competence and evaluate our work based
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Keep it simple, Stupid. That’s something we’ve all been told at one time or another, for any variety of reasons. That’s usually sage advice — especially when it comes to managing your personal finances. There’s no need to make things complicated. Generally speaking, remember:
Minimize or eliminate impulse purchases.
Save up for what you can’t afford.
Understand where every penny you earn is going.
Pay yourself first; make your retirement and emergency
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It’s not unusual for budding entrepreneurs to fret over the best time to start a new business, especially during economic downturns when even the most self-assured impresarios often become paralyzed with doubt. They shouldn’t. After all, there are advantages to starting during tough times including reduced competition for top talent, and lower rent and overhead costs. A study by the Kauffman Foundation found that more than half of all Fortune
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Who hasn’t been fleeced by a casino slot machine? Although only Keno offers worse odds of winning, slots are by far the most popular casino game, responsible for 70 percent of gambling industry winnings — so it’s really no surprise they’re derisively called one-armed bandits. Like casinos, banks have their own army of two-faced dollar desperadoes: automated teller machines. ATMs have no qualms heisting 15 percent per $20 withdrawal. For
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Where you live becomes more important as household income decreases. For example, when taking into account food, utilities, healthcare, housing, and general goods and services, New York City is more than twice as expensive to live in than Pueblo, Colorado. So while residents of both cities may struggle in minimum wage jobs earning $15,080 annually, the Big Apple denizen has less than half the purchasing power of his Rocky
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When it comes to the world of banking, nobody seems to have any problem with redundancy. How else can you explain the fact that people routinely use their PIN number at the ATM machine? If you ask a linguist, he’ll boldly proclaim that redundancy should be avoided at all costs. But that’s not always true. Engineers demand a belt-and-suspenders approach when designing safety into passenger airplanes;
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