Finance Is Personal

A Very Wrong Piece of Personal Finance Advice

by Mcneri

It is really shocking that this post was published as a way to save money. These are the types of articles that decieve Americans and lead them much into temptation! However, I beg to ask a few questions here.

1.Quote: “I dont use coupons because they are all brand names and overpriced”

Coupons are not ALL for Brand name items. The reason why many brand name items are leaders is that they spen money on R & D and come out with very good products, usually leading in the class. So if you have a coupon that makes the prices of their products come down to a similar level as other lower quality brands, you are saving a ton. [hidepost=0]
2. Quote: “I don’t use a Monthly Average Billing Plan for Utilities because it does not make sense to me”

Monthly averaging means you pay same thing irrespective of what the bill is. That way in months when the bill is more you pay less because you would have some extra from the months when the bill is less. It makes it very easy to budget and that is the essence of the move. I am guessing your salary does not fluctuate like utility bills, does it?
3. Quote:”My husband never turns off lights and I am okay with it since I have low energy bulbs”

Turning lights off is a no brainer, “Even a Caveman Can Do It”. The low energy lights save you money, but keeping the lights off and unplugging saves you even more.

4. Quote: “We eat out regularly and it is cheaper than cooking”
Eating out saves you money? That is simply an illusion that people who are too lazy to cook or simply can not cook have. No it is cheaper to make your own food. To read the article, follow the link below.

Ways I Don’t Follow Common Financial Advice and Still Save Money – Personal Finance Advice [/hidepost]