Feb 25 2011

Misc. for the weekend

-I thought I wasn’t able to switch to a different electricity supplier to save money, but turns out — we can, and we did. This ought to save us a bit of money, as our apartment is all-electric. I received a notice in the mail from FirstEnergy Solutions Corp. which helped me set it up to 7.19 cents per kWh.

-Are you making the best of your Netflix subscription? Peter at Bible Money Matters points us to a site that can help us get a better look at our usage. We use our Netflix to try out exercise DVDs, rent movies to watch, and for the streaming onto our Wii. We put our membership on hold from time to time when we notice we’re not really using it.

-I loved Crystal’s insights on paying cash for a house, and how it really might not be the best option if you have to make too many sacrifices for too long. I suppose we *could* save enough cash someday for a house, but I don’t want to have to live bare-bones for a decade to do it.

Is it always good to pay off your car loan early? (@PT Money)¬†Perhaps not, if you’re down to the end of the loan and you owe very little interest on it by that point. But, it’ll free up some cash and it’s always nice to drive a paid-for vehicle. Just as with all things financial, this will depend on your own situation and goals. Personally, I am glad we paid our car off early. If we didn’t, we’d still be paying on it through this November! Blech.

K have a nice weekend!

2 Responses to “Misc. for the weekend”

  1. Wow I really appreciated that link from Crystal. Not that I have anything against paying for anything with cash, but I appreciate when people acknowledge that sometimes it’s best for your family if you don’t sacrifice everything for money. I feel that way about Dave Ramsey sometimes – yes, it’s very good to strive to get out of debt, and sometimes you are in so deep you don’t have a choice, but I would also argue that in the end, it’s just money. Sometimes it’s hard to figure out where the balance is.

  2. Great links!
    I’ve always felt that the best way to decide whether to pay something off early/quickly is based on interest. If it’s higher interest I pay it off quicker. For example, we pay extra into our mortgage, while I am slowly paying off my orthodontic payment plan as it is interest free. I figure if there is no benefit for me in paying it off quicker, then I’m happy for the cash to stay in my own bank account for as long as possible.

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Hey! I'm Kacie, wife to Shane and mother to Jonathan (7), Vivienne (5) and Amelia (2) . I write about my family's finance: how we save money, improve our spending, and plan for the future.

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I'm adopting a much slower-paced posting schedule, and treating this as a hobby blog now.

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