Wednesday, December 19, 2007

picking greener appliances

this is an article i've been meaning to post but haven't gotten around to formatting. so now, i have! in case any of you are taking the plunge into the appliance world, or replacing an older one, here's some help.

We spend about $1,900 on energy costs every year according to EnergyStar.gov. If all appliances in a home are replaced with EnergyStar certified ones, we could save ourselves up to $80--by conserving energy and helping to save the environment.

The EnergyStar label is only applied to a product if it meets a rigid set of requirements for appliances, home office equipment, and other household items. They must be created with the idea in mind to conserve energy and use as little as possible. Not only that, but EnergyStar products use 10-50% less energy and water than their standard counterparts.

By paying attention to the price tag at the present and the future of the appliance, consumers can easily determine which save them more money. And who doesn’t want that?

You should always look out for EnergyStar qualified products. They are the most efficient of their class. In addition to the EnergyStar label, check the federal EnergyGuide label on many major appliances. It’ll tell you how much it will cost to run the appliance over one year and the energy-efficiency rating of the product.

We’re going to show you some vital shopping tips for when you decide to replace that old clothes washer or dryer, oven, dishwasher, or refrigerator to help save you money and the environment its resources.

Clothes Washers & Dryers

  • As with all appliances, look for the EnergyStar label. It’s the best choice you can make to eliminate a lot of models that won’t save you as much. Dryers, however, do not have an EnergyStar label. This is due to the fact that all of them use about the same amount of energy.
  • Most households have ‘toploader’ or vertical-axis machines. These can waste water and leave clothes relatively wet which requires more drying time. Horizontal-axis machines combat this and use less water comparatively. If you’d like to save even more energy, consider not using a dryer altogether and hanging your clothes to dry on a clothesline.
  • If you can’t afford a horizontal-axis machine, which are typically more expensive (and meet tougher standards), than wash your clothes in cold water. There are even detergents such as Tide Cold Water which can help you save energy and hundreds of dollars on your utility bills.
  • The ideal dryer to invest in is one that has moisture sensors. ConsumerReports says, “The motion sensor will add $30 to $50 to the price of the dryer, but the increased efficiency it brings will eventually pay for the extra cost.”
  • The machine will turn off when your clothes are dry, saving energy and your clothes from over-drying. If you’d like to save even more energy, ConsumerReports advises that you “clean the lint tray after every load.” This reduces the risk of a fire and makes the dryer more efficient.

Ovens
  • Electric ovens generally cost more to run than gas ranges and ovens since they require more energy to cook.
  • Self-cleaning ovens are one of the best type of energy-efficient ovens. They have more insulation which keeps the heat inside longer. Using the self-cleaning feature more than once a month, though, can waste more energy than you save.
  • There are a few new burner types available for electric cook tops. The Halogen and induction types can be 60% more efficient than the solid disk and radiant types. While they are more expensive, they use less energy and don’t take as long to heat up. Keep in mind, however, that only iron and steel cooking-ware can be used on induction tops.

Dishwashers

  • Features such as “energy-saving” and “short-wash” cycles should be sought after. More energy-efficient cycles will save you energy and water.
  • Pick a dishwasher that allows you the choice between heat-drying and air-drying. Air-drying uses considerably less energy than heat-drying.
  • There are dishwashers labeled compact capacity and standard capacity. The compact dishwasher holds less dishes, resulting in more frequent (energy) use.

Refrigerators

  • Look for the EnergyGuide label to see how much energy each refrigerator will use. You can then compare them to find the one that uses the least over one year. If you’re stuck between two very similar refrigerators, this is a great way to eliminate some possibilities.
  • Models with the freezer on the side are about 25% less efficient than those with the freezer either on the top or bottom.
  • “Did you know that your refrigerator and freezer run more efficiently when they are full?” says Claudia Chandler, Assistant Executive Director of the California Energy Commission. Maximizing the space in a refrigerator or freezer will help you make the most out of your buck.
  • Having an icemaker and water dispenser in the door may be convenient, but it’ll cost you a 10-20% increase in the energy usage of your refrigerator.
  • Choose the right size refrigerator for your household. Large ones will use a lot of energy and space while smaller ones, even though they use less energy, will fit less groceries and require more trips to the grocery store.
  • Consider a refrigerator without an icemaker. They add to the energy usage in your electric bill, and can require frequent repairs. Instead, purchase one or two plastic ice cube racks and keep them filled with water and in the freezer. They can also make for some fun ice popsicle snacks!
  • Use EnergyStar's Refrigerator Retirement Savings calculator to see how much your refrigerator is costing you and how much you'd save with an EnergyStar certified one.
How to read the EnergyGuide Label

  1. Estimated energy consumption on a scale showing a range for similar models
  2. Estimated yearly operating cost based on the national average cost of electricity.
Claudia emphasizes the fact that each appliance can save you different amounts of money. Determining which one to buy or replace is the hardest step. “For example, it may be cost effective for a consumer to replace their heating and air conditioning system if it is older than seven years old and they use the system a lot for air conditioning,” she says. It’s important to keep this in mind when shopping for a new appliance. Find out which appliance in your household is the oldest, and try to focus on replacing it.

One of the most important things to remember when looking for a greener appliance is how much it will cost you in the long run. Claudia believes consumers should, “check for the EnergyStar label and purchase an appliance that has low energy costs as compared to others in a similar size with similar features.” You might be surprised how different these ‘similar’ appliances are.

If you have an ancient freezer in the garage, though, and are thinking about upgrading it to a newer more energy-efficient one, think again. “I would recommend that a consumer get rid of it altogether!” she explains. It’s not worth the cost to run it; instead, try consolidating the groceries into one refrigerator.

If you have an older appliance hanging around still, consider the price tag you are currently paying for it month-to-month. Is it worth it? Would it cost less to buy a more energy-efficient model? These are some questions that should be answered and will help in determining what you and your family should do. Old appliances can also be recycled instead of being purely thrown out. Certain recycling centers will pick up the appliance for free, or even pay you for it. To check if your area has an appliance recycling program nearby, call 1 (800) YES ICAN.

[via energystar.gov, greenerchoices.org, consumerenergyreports.org, motherearthnews.com, eere.energy.gov, and Claudia Chandler from the California Energy Commission, whom made this article possible! :-)]

nifty little site: Mint.com

just popping in to say hello and let you guys know i'm still here :-) seems like the website of the week thing doesn't work so much for me. there aren't always cool sites to share. :-/


my brother told me about this cool website called "Mint". it's free to sign up, and it's a 'refreshing' money management system which syncs with all of your checking and credit card accounts. it'll let you know if one of their offers will save you money, and help you make the switch!

it updates transactions from your accounts each night, and calculates your spending habits and if you've set up a budget (another feature you can configure), will tell you if you went under/over your limits on a certain category.

how does mint keep your information safe? they have a page on that here, along with an FAQ.

it's pretty neat and there's lots of other features to discover, so go check it out! i had trouble adding my PNC account and getting my username and password to go through. hopefully you guys have better luck than me! once i get it working, i'll post screenshots of how it works in case some of you don't want to sign up just yet.

if i don't post for another week or so, happy holidays everyone!

Friday, November 23, 2007

happy thanksgiving!

i hope everyone had a great holiday and didn't spend too much money today because of black friday. i've been so busy with school, i haven't had time to update the blog!

i found a great deal today on an external hard drive. i've been wanting one for a while, so it's going to be a christmas present from the bf! :-)

originally i had seen it in the staples black friday circular, but as expected, i got there at 8 AM and it was sold out! it was $79.99 for a 500GB external USB hard drive (usually run for $200 and up). thankfully, i found it at fry's electronics' website for $99.99, plus $7 for shipping. i'm excited!

did anyone have any crazy adventures today shopping? ;-)

Sunday, October 28, 2007

no website of the week

i've been addicted to ebay lately, so that's the only site i've been on, and everyone knows about ebay!

all i've been posting is websites of the week... and i'm sorry! a new article should be up this week about major household appliances. look forward to it! :-)

have a great week everyone. and remember, it's never too late to start budgeting!!

Sunday, October 21, 2007

website of the week: Hits4pay.com!

well, it seems all i have had time to update with is websites of the week. :'( i know how sad you must be!

i recently came across Hits4pay.com from an online forum i visited. many people claimed it worked, so i decided to try it out myself. it's not that i don't want or have a job, i have a part-time one that takes up the majority of my time when i'm not in classes, but i need some extra cash to make my monthly payments for school.

it's free to sign up, which i like, and you get a $10 bonus for signing up. reading the commercial emails they send you earns you a certain amount of cash, only like $0.02 or something. the real money is in the referrals you get to sign up for the program. you also get to choose the types of emails you receive, so it's only stuff you're interested in.

there's a limit of one account per household, and a strict no spam policy. i'll update you guys on how i do within a few months. :-)

if you want to help me out and join my referral team, sign up with this link!

Sunday, October 14, 2007

website of the week: Triond

looking to make a little money on the side? consider writing articles for Triond.com! they pay you monthly royalties depending on how much exposure and popularity your article receives on one of their participating blogs.

it's totally free to sign up and write articles, but in order for them to approve your article, it must meet basic writing and styling guidelines.

publish a few highly visited articles and you could get some nice side income!

also, if you're a writer like myself especially, you should read the user agreement in full. it has some very important publishing and content rights information.

in case you don't want to read the whole thing, here are some sections i think should be noted:

4. Content. You hereby understand, acknowledge, undertake, represent and warrant that any Original Content sent by you with the intention it be published on the Site shall comply with the following requirements: (i) be your original work; (ii) shall have not been previously publicly published, in whole or in part, on the Internet or in any other media (iii) shall not contain any content of any kind whatsoever that is libelous, illegal or infringes any third parties' copyrights; (iii) if any third parties' copyrights are included in the Original Content, the express, unrestricted and unlimited permission of such copyrights owner for the use of such copyrighted materials has been obtained prior to submitting the Original Content; (iv) shall not contain any derogatory, offensive, unlawful, harmful, threatening, vulgar, profane, abusive, harassing, obscene, pornographic, defamatory or tortuous content;

5. Rights Granted . By submitting your Original Content for publication on the Site, you hereby irrevocable and unconditionally grant Triond, and any of its affiliates (hereinafter also referred to as "Triond"), a irrevocable, perpetual, unlimited free of charge and exclusive right to publish the Original Content on the Site and/or on other Internet Sites the Original Content shall be referred to by Triond (hereinafter also referred to as the “Site”), as Triond shall deem suitable under the terms and conditions of this Agreement, as well as allow I users of the Site to view and further use the Original Content, free of charge, for any such purpose permitted by Triond, provided such use shall not be for profit generating purposes. Without derogating from the above, Triond shall be entitled to edit, delete, cutback, rephrase, reproduce, copy, translate, merge, add, use and make use of the Materials, in whole or in part, in any way or manner and at any time, as Triond shall deem appropriate in its sole discretion.

6. Author's Rights. You shall continue to retain all authorship and copyrights to the Materials submitted for publication through the website.

you can read about how it works and decide if it's right for you.

Monday, October 8, 2007

website of the week: Blingo!

i'm a little slow this week, sorry!

this is my favorite new search engine--blingo.com! it's definitely one of the best free things on the net.

all you have to do is use it to search as you would Google (it's powered by Google's API) and you can randomly win free stuff. cool huh?

each day you search using Blingo, you are entered to win $10 million!

only the first 25 searches in a day count towards winning a prize... so don't abuse it! and, if you invite your friends (after signing up for an account), any prize they win, you win the exact same one, even if it's a car!

start searching now :-) have fun!

Sunday, September 30, 2007

website of the week: collegehelpers.com!

in case you guys don't check my "Budgeting Resources" sidebar for cool links, here's one i don't think should be missed.

CollegeHelpers.com allows you to search for part-time or full-time temporary jobs, internships, seasonal and one-time jobs, or even paid focus groups as posted by employers. best of all it's free for students to sign up! go take a look!

it's a good resource if you need to make payments while in school. :-)

Tuesday, September 25, 2007

coupon site directory

everyone loves coupons, and i'm definitely no exception!

i'm going to share my love for coupons and sales and post coupon websites i think are worthy of your time.

coupon websites

*if you decide to look for coupon websites on your own, be please careful about giving out your email address. a lot of them will ask you to sign up and hand it over, but most WILL sell it to spammers. maybe it'd be best to just give them an email address that is devoted just to receiving spam. :-) all of the sites i have listed here are free and do not require you to sign up to view coupons. however, if you want some added benefits, such as favorite categories, stores, etc. then signing up might be good for you.

Coupon Cabin - coupons, coupon codes, and promotional codes.
Valpak.com - allows you to enter your city, zip code, and/or state and get local coupon listings. also includes a google map of where the businesses are that list each coupon.
Coupon Chief - online coupons, coupon codes, and online shopping discounts and deals.
Retailmenot.com - coupon codes for thousands of online stores. it's nice that they allow visitors to verify if the coupon actually works or not. you will also notice a large percentage of coupon codes posted there do not work. sometimes, though, you can filter through and find a working one.
**DealNews - one of my favorite sites that i use. instead of having to visit a million coupon sites, this one gathers coupon codes from all over the internet. you can keep track of your favorite online store coupons either by email or your favorite RSS reader.

if you have a coupon site that you love, share it with me: budgetlife[at]gmail[dot]com.

**will not sell your email address even if you do sign up. they have a trust-e verified privacy statement.

Monday, September 24, 2007

12 easy ways to save energy & the planet

here are some easy ways to save energy, while saving the earth, too!

why should you want to have a more energy efficient home?
  • it saves you money in the long run
  • it increases the value of your home
  • you're doing your part for the world!
now that you've decided you want to make your home greener (because i'm sure you have), here are some easy and simple steps you can take to reduce your electricity bill. while most of these will apply only to homeowners, others can be used by renters as well.

1. Look for EnergyStar certified appliances and lighting.
The typical household spends $1,900 a year on energy bills. With EnergyStar, you can save up to 30% or more than $600 per year.
check out this energy bill pie chart made by EnergyStar. it shows what percentage of each category (ie: electronics, heating & cooling, lighting, etc.) accounts for the average annual energy bill.

2. Reep the benefits of Federal Tax Credits for energy efficient products.

as far as i know, this only applies to those who actually own their property and are able to make structural changes to their home.

keep the receipts of everything you buy that may qualify for the energy efficiency tax credits. you will need to fill out IRS Form 5695 and submit it with your taxes. you will also need the Manufacturer's Certification Statement just in case. it's a signed statement from the manufacturer saying that the product or material qualifies for the tax credit.

also note that not all EnergyStar products are eligible for the tax credit. for a complete list of products that qualify, click here.

3. Inform yourself and fill out a 5-minute energy saving recommendation(s) audit from EnergyStar.

this small form, called the EnergyStar Home Energy Yardstick, just requires the last 12 months of your utility bills. it can help you get some energy saving suggestions for your home.

4. Turn down the temperature of your water heater to 120 degrees F.

most of your daily household needs will not require anything hotter.

5. Replace the light bulbs that you use the most in your home with CFL bulbs.

CFLs use about 75% less energy and last 10 times longer than regular incandescent light bulbs. just make sure to place them in rooms where lighting is on for more than ~15 minutes. otherwise, turning them on and off will significantly shorten their lives. replacing your lighting with EnergyStar certified bulbs can save you more than $65 a year in energy costs.

when deciding on which CFL wattage to get, consult this chart:


please keep in mind CFLs contain a small amount of mercury in them and therefore should be disposed of properly. if one happens to break in your home, follow these EPA clean up guidelines to keep you and your family safe!

6. Install an EnergyStar certified programmable thermostat.


being able to program your heating and cooling when you're not home or are sleeping can save you a bundle. when used properly, a thermostat can save you up to $150 a year.

7. Use window blinds to block sunlight in rooms that are too hot and long, full curtains to prevent a draft in rooms that are too cold.


8. Unplug electrical equipment that's not in use. (ie: Cell phone chargers, video game consoles, etc.)


these things, even though they appear to be off, may still use a lot of energy while in standby mode. prevent this by unplugging them or switching off the surge protector that powers them.

9. Maximize the use of natural lighting in your home.

about 10% of our annual energy bill is used on lighting. use neutral colors for your window coverings to allow more sunlight in. it's free, and on days when it's in abundance, can be just as good as artificial light.

10. Take showers instead of baths.


baths take about 5 more gallons of water than showers. a new showerhead will also save you energy compared to the typical bath or the old fashioned showerhead. this can save you up to $145 each year, depending on how long your showers are, i would think. :P

11. Wash your laundry in cold water.

using cold water instead of hot water can save the average household more than $400 annually, especially if cold water laundry detergents are used.

12. If your computer has a "standby" or "sleep" mode, schedule it to turn on when you're not using the computer.


most computers, such as the entire Apple line, allow you to set sleep mode to come on after a certain amount of minutes that you designate. it uses significantly less energy and still allows you easy access to your computer. and, if it just doesn't get any better, all Macs are EnergyStar certified!

to learn how to do this, visit the Apple website. for Windows XP power management, check out the Microsoft website.

if you'd like to get mathematical about your home energy consumption, here is a list of formulas for estimating energy consumption and typical wattages for various appliances. for specific products, most appliances or electrical products will have a technical specifications page online that usually tells you their typical wattage. try visiting the manufacturer's website or the site of the place you bought it from.

well, i hope my compilation helps you in some way. let's try to be courteous to mother nature, too!! she's our only home. :-)

[via Energystar.gov, eere.energy.gov.]

Sunday, September 23, 2007

website of the week: smartborrowing.com!

i'm starting a 'website of the week' thing so i can be cool 8) and tell you guys about neat websites i find or hear about! so here's my first one. :-)

from the SmartBorrowing website:
With the cost of college rising, SmartBorrowing.com is designed to give you a simple step-by-step guide to help you navigate through the process of how to pay for college.
it's a pretty little website, that has some simple yet important facts about saving and paying for college. it's not very big and it only takes around 10 minutes to navigate the whole thing, so you should check it out.

Thursday, September 20, 2007

solar powered what?

nope, i haven't died yet so here is a new post. :-)

alternative energy can save you ($$$) and the environment!

with all the technology we use today—computers, TVs in every room of the house (if you have your own place or are at home, anyway…), stereos, etc. one of our most expensive utility bills comes up to be, with no surprise, our electric bill!

but what if you could reduce that amount, just by shopping for a different kind of product? (this sounds like an infomercial, and I apologize...)
Solio Universal Hybrid Charger
I’m not talking about the $20,000+ solar panels that only the well-off can afford... think a little smaller. at first, I didn’t think any kind of solar powered appliances would help, but we never really think of how often we use even the smallest of appliances!

I came across this idea of solar powered appliances when I found this really cool water powered alarm clock from thinkgeek.com! it seems that solar powered gadgets are more popular in the UK though, and therefore some of the neatest gadgets are only available in Europe. :’-(


here’s a list of some of the gadgets I have found that seem to be useful! you can easily spend hundreds of dollars on solar powered equipment… but not only can these things save you a good amount of money in the end, they are good for the environment, too! yay! :-)

this list will probably be updated and added to over time. it's organized from cheapest (top) to most expensive (bottom of the list!). if you feel like contributing, please email me at budgetlife[at]gmail[dot]com. in addition, if you have any experience with any of the following products on this list, let me know! thank you!

Solar Powered~Renaissance Lantern with Flickering Light

OutdoorsBattery Chargers
Water Powered~

Alarm Clocks
you can also use this nifty little tool to determine how many watts an item uses and it’ll calculate for you how much (estimated) electricity the item will use per month and how much it’ll cost!

Watt’s Up Pro - $129.99

Do-It-Yourself!~

there's even a tutorial on energyrefuge.com that tells you how to build your very own solar power generator for around $350 (depending on the materials you buy.). check it out here! just a little warning, i don't know how safe this is if you don't know what you're doing...

if you don't like the idea of messing around with materials of an electrical capacity, consider buying a solar power generator kit from go solar. :)

they range in price from $427 to $1252, depending on how much power you want it to provide your household. the even higher end ones are $2,000 and up. i'd wait on those... they are reasonably priced considering the savings on your electricity bill, but not everyone can dish out that kind of cash.

you can start small with the portable solar generators and work your way up!

if you're interested in more DIY solar projects, check out this nifty little website: http://www.builditsolar.com/.

i hope that's enough to keep you busy and researching for a little while. ;-)

my next entry will probably be about energy saving for your space if you're not too fond of or can't do the solar idea... so stay tuned! :-D

Saturday, September 8, 2007

The new way to borrow money: People-to-people lending!

that's right, Prosper.com, a website unlike any other on the Web (2.0), offers borrowing and lending for anyone that signs up! you can either make a listing for money, where other people can bid on your listing (and pick an interest rate they think is fair) or you can lend money and bid on listings you think deserve your hard earned moolah! (and are safe!) it's free to sign up, and you can borrow up to $25,000.

fees apply for using the service, and they are as follows:
  • borrower fees: 1%-2% closing fee (depending on your credit grade)
  • lender fees: 0.5%-1% annual loan servicing fee (depending on your credit grade)

for more information on their fees, (which seemed to be pretty hard to find... :-P) click here.

if you have good credit, it's a great website to use to consolidate your debt... but with students like me who have little or no credit history, it may or may not be something we're looking for. check it out anyway, although i'd recommend not borrowing money from there until you have done your loan research! it seems pretty safe to use, but i'd be careful!! websites like this make it too easy to borrow money...

if you absolutely need to get a personal loan, compare local rates here.

don't know what a personal loan is or entails? find out and learn what to look out for when shopping for one.

Thursday, August 23, 2007

how much should i spend on...?

the following percentages are roughly how much of your monthly net income should be spent on each category. good to know! :-P

  • Housing: 20-30%
  • Utilities: 2-10%
  • Transportation: 2-5%
  • Food and Personal: 12-25%
includes clothing, groceries, entertainment, dining out, dry cleaning, and hair cuts.
  • Debt Repayment: 5-15%
if you spend more than 15% on these payments, you may need to make some budget adjustments.
  • Insurance: 2-5%
for health, life, auto, and renter's/home owner's insurance
  • Health Care: 5%
a resource for when insurance will not cover something.
  • Savings: 5-10%
for unexpected expenses, emergencies, or vacations.
  • Miscellaenous: 1-2%
this could include out-of-pocket expenses, convenience items, magazines, newspapers, and other small purchases.

[via http://www.spsu.edu/finaid/exitcoun/Budget.html.]

Wednesday, August 22, 2007

college cost reduction act of 2007

in case you don't already know, the house passed a college financial aid bill last month, which will give money to minority universities, lower interest rates, and increase financial aid, among other things.

some other tidbits the legislation includes:
  • guarantees burrowers will not have to pay more than 15% of their income in loan repayments. caps annual payments at a percentage of a student's income
  • increases federal loan limits
  • provides up-front tuition assistance to those who commit to teaching in high poverty communities and high-need subject areas
  • $5,000 in loan forgiveness for those who go into public service careers
  • allows public servants to have their loan forgiven in 10 years
  • invests over $500 million to minority institutions in the next 5 years
in order to pay for these perks for students, lenders will see cuts in payments to the government to guarantee them a profit in the student loan business.

but all i can say about this bill is... it's about time!

[via http://www.foxnews.com/story/0,2933,289013,00.html.]