Change Your Money Mindset . . .
Now, more than ever, people are trying to stretch their dollars, but they frequently act in illogical ways when doing so.For example, imagine an office store selling a $1,000 computer for 10% off, while selling a $200 computer monitor at 50% off. However, both represent identical $100 savings.
Don’t fall into this trap. When shopping for details, don’t look at percentage discounts. Percentages aren’t money. Instead, look at the dollar amount you’re saving to calculate whether it’s worth it.
Make Better Use of Your Ceiling Fans to Slash Your Heating Costs . . .
The latest survey by the U.S. Energy Information Administration (EIA) shows that air conditioning accounts for 8% of your energy bill, but heating eats up 43%.
You can save money by making better use of ceiling fans, which usually have a switch to change the direction of the blades.
In the winter, switch to a clockwise motion, so it directs warmer air near the ceiling toward the floor. Switch to a counterclockwise direction in the summer to do the opposite.
The U.S. Department of Energy says if you use a ceiling fan simultaneously with air conditioning or heating, you can change your thermostat by four degrees without a change in comfort.
Ceiling fans can cut your electric bills by 4% to 8% during the summer and 10% to 20% during the winter.
Reduced Risk Means Reduced Premiums . . .
Last spring, many car insurance companies offered automatic rebates of 15% to 25% because people were driving less due to COVID-19.However, if you’re still working from home and your monthly driving has dropped considerably, you may qualify for a lower premium — not just the one-time rebate. Most insurance companies offer “occasional driver” coverage. However, you’ll have to ask for it.
IF YOU WANT ADVICE ON ANYTHING IN THIS ARTICLE OR IF YOU HAVE ANY QUESTIONS GIVE US A CALL TO DISCUSS YOUR SITUATION ON 866-860-3880.
Are you looking to pay less taxes, legally, legitimately, and ethically ? Sign up here for our series of well-researched and defensible strategies grounded in IRS code.