Blog - page 8

How to reduce energy costs

Darryl Bachmeier Aug 6, 2020 Finance
Once you live on your own and start paying your utility bills, you may have a rough awareness of energy costs. If you have never thought about something like the use of electricity, it may take a minute to get into the habit of taking care of other appliances. Why reduce energy costs? Most of the homeowners are often searching the ways to save money and the environment, and one simple way to do this is by minimising unnecessary energy use. By updating or changing the way you use your home appliances, you can increase your home’s efficiency, protect the environment, and save convenience on your annual utility bills. Here are some ways to reduce the use of electricity in your home: Equipment and Electronics Buy energy-efficient electronic items and use them efficiently. You can also use the advanced power strip to reduce “vampire loads” - electricity wasted when electronics...

High Cost of Being Overweight

Darryl Bachmeier Aug 4, 2020 Finance
Did you know that being overweight is marked abnormal by the World Health Organization? Yes. If your BMI (Body Mass Index) is equal to or more than 30, then you are officially abnormal to the eyes of the world health organization. Being excessively fat, a label of abnormal is not the only thing you have to worry about. There are health diseases, social life costs, and more big things that will need your concern. This not only includes mental problems but also high financial costs as well. Health Costs Let’s begin with the cost of your health. Because it is the most valuable thing anyone possesses. Being overweight, you need to prepare yourself for many probable health problems that will cost a loss of money for treatment. If your BMI is above 30, there is a high chance that you will suffer from diabetes, heart disease, stroke, and high blood...

Givers vs Takers

Darryl Bachmeier Aug 2, 2020 Social
Who are Takers? Before everything else, we love mulling over things in a one-dimensional way. Takers are not necessarily cutthroat, treacherous living beings. It is better that we more willingly try to focus on reading their psychology. Takers are simply those who tend to receive a lot more than they are willing to give. They believe that to pull through the competition of life; the best strategy is to give less and take more. They deal with reciprocity to their advantage. Self-Promote Takers would always march to the beat of their drum. In other words, they tend to promote themselves to an extent where they will no more think of anyone else in the scenario. They are often too wrapped up in themselves, and in most cases, they do not even realize that they are crossing all the thresholds of self-love. The renowned psychologist and professor of the Wharton School...

Frugality - Quest of Finding Free Stuff

Darryl Bachmeier Jul 30, 2020 Finance
We, humans, have a habit of saving things for the future. It is not a bad trait, but sometimes we go extreme with this habit. From shopping to food and traveling. In almost everything, if there is a way to be frugal, we will take it. It’s buried deep in our bones. Now in the 21st century, we are getting more frugal than ever. But being frugal is not that bad. It has many positive sides. A frugal person can prioritize the things that matter the most and spend money on them. That doesn’t mean that you will deprive yourself of all the other things. The concept of frugality is more complicated than you think. Being frugal means you create your approach of spending smartly. You prioritize things from your perspective and decide when to spend small and when to spend big. It is an interesting lifestyle if you think...

Debt Consolidation

Darryl Bachmeier Jul 28, 2020 Finance
Debt consolidation has the allure of simpler payment and lowers interest rates. You need to know what is debt consolidation and all the benefits and drawbacks it has before you consider consolidating. So, let’s talk about debt consolidation. What is Debt Consolidation? Debt consolidation is the act of taking a new loan to pay off existing debts and liabilities. It consolidates your outstanding balance from your current credit card or other financing methods. In other words, it combines multiple other debts into large debt, similar to a loan, and it generally has likable payoff terms, like a low monthly payment, low-interest rate, or a combination of both. You can use debt consolidation to pay off student loan debt, your credit card debt, and any other debts or liabilities you have.  Most people who want to consolidate their debt apply through their respective bank, credit card company, or credit union. It’s...

Owning a car – it costs way more than you think!

Darryl Bachmeier Jul 26, 2020 Finance
The Glam of owning a car Owning a car just feels right. It is a sign of comfort and luxury for many. A car is the fastest way to get to a place, without the hustle of Uber, taxi, or public bus and trains. This all sounds like a dream to a person who doesn’t have a four-wheeled friend of their own, but we need to snap back into reality. The Lore of owning a car So let’s say you have finally saved up enough money to buy yourself a car. You buy yourself a brand new car that is perfect for your needs. Have you wondered about how much it costs to maintain it? Have you gotten the car registered? Is there insurance on this car? What about the other minor things, like gas and parking? The lore just keeps getting bigger and bigger. The Expenses of owning a...

15-year versus 30-year Mortgage

Darryl Bachmeier Jul 24, 2020 Finance
Welcome to adulthood! As you embark on the real world, one of the things you will probably be more excited about is ownership. What is more amazing in having your own place, right? But at around the same time, you realize that you cannot afford it. The reality of mortgage now dawns on you. A mortgage is a type of loan that is repaid in terms. It is commonly used to purchase homes or cars or something that is high priced. Homes are usually paid in 15 or 30-year terms. And today, we will explore the key differences between the two aside from the obvious timeframe of repayment. This is to hopefully help you arrive at the best option that will give you the flexibility and value for investment the most. Is the Longer, the Better? On the surface, we just know that your mortgage plus the interest will be...