Payday Loan Blog

Cash

This first method, like all ways to save BIG in 2010 encompasses all income groups. It is not necessary to be in the higher income brackets to save BIG. All purchases should be in cash, unless it is intended that the purchases will be paid down within 3 months. Even with President Obama’s credit card reforms, the credit card companies are hiking rates to unprecedented highs. This applies even to those with the best credit. Paying off your credit card debt quickly will not affect you much, even with high rates. Do not put meals on credit cards unless they are to be paid off the next day.

If you are piling on debt, the higher rates will throw your finances out of control and might even throw you out of a home by means of a foreclosure. Part of this first suggestion, since foreclosure was just mentioned, is never use your home equity line of credit. Here your savings are really BIG. Your home might be saved from foreclosure if you lose your income and you have both a first and second mortgage to pay. A home equity loan is a second mortgage.

Buy Gold and Silver

Inflation is coming. Have at least 20% of your assets in gold and silver. This will be a hedge against inflation. The silver, preferably in bulk form, will save you if the economy hits unprecedented lows and there is social disorder. You will save BIG because the gold and silver has lots of upside to come. While those in dollars lose money your gold and silver will be gaining in value.

Pay Off Loans

Unless you are fortunate enough to be paying a loan at 0%, do your best to rid yourself of this debt. 2010 will be the second dip in the economy and you do not need to be paying off loans. Any loan above 3% on a large amount such as a car loan can really knock your finances off. If it takes a second job, do it. Pay off those high interest loans. Those of you in the upper brackets should also pay off the mortgage.

In today’s rough economic times we are all looking for ways to uncover a little hidden cash. Because if we stand back and think about it for a second, there are lots of ways of putting more money in our pockets. Whether it’s saving or finding a few extra dollars, here are 7 ways to end up with a higher balance in your bank account.

1. CHANGE YOUR PHONE PLAN
Most people overpay for their cell phones. Check your bill this month and see if you really need all those texts, minutes, internet data options, etc.

2. CONSOLIDATE YOUR INTERNET, CABLE, AND HOME PHONE BILLS
Fierce competition is driving cable and phone service providers to offer discounts on package deals. Call your provider today!

3. START BUYING IN BULK
While you certainly do not want to buy a years supply of pickled beats, there are some things that are worth buying in bulk that can help you save hundreds annually.

4. SIGN UP FOR A NEW CHECKING ACCOUNT
Many banks are now offering between $75 and $150 for anyone who opens up a new checking account. This is a total no brainer!

5. CARPOOL
Cut down on your addiction to driving and burning petroleum. Carpool with a friend and save money, enjoy great company, and save the planet all at the same time.

6. HAVE THE MOTHER OF ALL GARAGE SALES
Only you know how much junk there is in your basement or attic. Take all of it that you no longer have any use for and have a garage sale. Be honest with yourself and part with anything you don’t really need.

7. LOOK UNDER THE COUCH
The list just wouldn’t be complete without this one. But there is an element of truth to all sayings, and this one is no exception.

Experts on retail sales are obsessed with numbers on Thanksgiving weekend — for Black Friday. It’s the biggest shopping day of the year and the day that retailers hope will help put them in the black. They’re also watching to see how this year went for clues about how the economy is doing.

The problem is it’s a bit difficult to tell. The numbers aren’t always clear.

Many stores expanded the number of early morning specials and hours to attract shoppers. Did you end up waiting in line for a deal? I did!

Fact: Black Friday accounts for about 10 percent of total holiday sales.

Fact: Online sales on Thursday and Friday after Thanksgiving were up 11%, compared with the same period a year ago, according to comScore Inc., an Internet research company. I like the ease of shopping online (it’s much warmer) but then I get the package and it’s never quite what I expect. So it’s back to the stores for returns.

Some stores, like Old Navy, were open on Thanksgiving.

Fact: The AP reported: The National Retail Federation, the world’s leading retail trade group, released data on spending and traffic late Sunday, based on an online poll of almost 5,000 shoppers, conducted by BIGresearch, a market research firm. The group extrapolated that total spending reached $41.2 billion for the Thursday-to-Sunday weekend, up 0.5 percent from a year ago; it reported 195 million people were visiting stores and Web sites, compared with 172 million a year ago. It also noted that discount stores took a back seat to department stores.

Another research firm ShopperTrak released data that showed that customer counts actually declined 1.1 percent for the Friday through Sunday weekend, but showed that sales were up a more robust 1.6 percent compared with a year ago. ShopperTrak derives its estimates from crowd-counting sensors in more than 50,000 stores, combined with data from the retailers themselves on spending and how it relates to customer traffic.

So what I want to know is how was your spending? GetECash payday loans are a quick way to get quick cash to take advantage of sales, or tide your credit card bill over until you get paid.

It’s almost turkey time and here’s some good news for Americans — that turkey and the trimmings will cost you less this year. A Purdue University agricultural economist says that prices for food are lower than last year.

The food you get at a grocery store is about 2.5 percent lower this year. Why? The recession means a  drop in oil prices, Alexander said.

Wholesale prices for a turkey? about 81 to 85 cents per pound. Last year they were  87 cents a pound. You’ll notice that Thanksgiving is a great time to stock up on baking items, potatoes, canned vegetables and well, canned chicken stock. These items can keep for a long time too.

I love this message:

“Although Americans spend little of their income on food, the recession has made it difficult for some families this Thanksgiving…There are many who find their budgets tightened by unemployment, minimal wage increases and continued erosion of fixed incomes by inflation,” she said. “For these, any food price rise is significant. We should remember those who are less fortunate and share our food bounty.”

No matter what your plans this year or your situation, this holiday is about being thankful and about family. It’s one of my favorite times of the year. So I hope you have a Happy Thanksgiving tomorrow – from everyone at GetECash payday loans.