Sounds too good to be true . . . but by using these extreme tactics, it's possible to save big at the pump.
On the most recent episode of Discovery Channel’s “MythBusters,” Kari Byron, Tory Belleci and Grant Imahara tested whether a few techniques collectively known as “hypermiling” can double your fuel economy. They took two cars, a new sedan and an older coupe, and drove normally as far as they could on exactly 3 gallons of gas. They then repeated the process using hypermiling techniques.
Social Security is a simple concept, but the execution can be complicated. One example is the Windfall Elimination Provision. Does it apply to you?
This post comes from Stacy Johnson at partner site Money Talks News.
What is with the "Windfall Elimination Provision?" We have an appointment with the Social Security office in our area and they want bank statements, assets and more. Do they have the right to ask for this information? My husband is 66 and has been receiving Social Security since age 62. We needed the money to live on. Now Social Security says they overpaid him … confused. Thanks. -- Joyce
Here's your answer, Joyce.
|Tags:||MoneyTalks Newsretirement planretirement planningretirement savingsSocial SecurityStacy Johnson|
Want to stay connected while traveling? Here are some ways to keep in touch with friends and family back home on the cheap.
Open Wi-Fi connections are common in most cities around the globe. In case your hostel or hotel comes up short, head for the local McDonalds or KFC (these chains really are everywhere); chances are they have open Wi-Fi service.
Why dive right into full time retirement cold turkey? For many people, phasing it in makes a lot more sense. Here's why.
You may not be ready to retire completely, but who wouldn’t want a few more hours each day to enjoy the nice summer weather instead of being stuck in the office updating TPS reports? If this sounds like you, you might be interested in phased retirement. This is when you reduce your hours at work or change careers to a less demanding part-time job.
The phased retirement concept is a great fit for many of us, and it is not nearly as difficult to achieve as early retirement. If you start saving early in your career, it might be possible to enter semi-retirement at 50, 45 or even 40 years old, especially if you are willing to make some lifestyle adjustments. Here are some great reasons to consider a phased retirement:
1. Retirement can be difficult
Many people find the transition to full-time retirement very difficult. We are used to a structured schedule that a job gives us. When you suddenly have 8 to 10 hours of free time, it can be disorienting, and many people don’t know what to do with themselves. The transition to an unstructured lifestyle is one of the most difficult challenges of early retirement. If you phase into retirement, then you’ll have a chance to get used to a few extra hours per day.
An analysis by the Center for Investigative Reporting and a newspaper identifies organizations that fattened solicitors' wallets.
The Center for Investigative Reporting and the St. Petersburg, Fla., Tampa Bay Times examined the tax records of 6,000 charities that used paid fundraisers and identified the 50 worst in America. None of the 50, which, combined, paid solicitors nearly $1 billion of $1.3 billion raised over the past decade, gave more than 11 cents on the dollar to those who were supposed to benefit, the investigation found.
Tackling big debts is hard, but preventing them isn't always easy. Here's how to protect yourself and to make sure your money is going toward the things you value most.
This post comes from Jane Young at Credit.com.
Staying out of debt is just as important as getting out of debt in the first place. And the first step toward staying out of debt is to understand your financial situation, and establish some goals on how you want to spend your money.
It might sound overwhelming, but small steps can make it easier. Start by reflecting on your values and what is truly important to you. Then, using this information, write down the goals you would like to accomplish over the next five to 10 years.
Initially, you should just brainstorm, and write your goals as they come to mind; don't analyze the practicality of each goal. Later, review your list of goals and prioritize those you'd really like to accomplish. This gives you a basis from which to make decisions on where to spend money.
But to realize these goals, you have to put what you have in writing into action. Here's how.
This summer find a pair of shades that suit your style but don't sacrifice durability and UV protection.
This post comes from Richard Moy at partner site Cheapism.com.
A cute, cheap pair of sunglasses is easy enough to find at a street fair or mall kiosk. But budget shades that will fully protect your eyes and stand up to the demands of summer sports? They can be as scarce as sunny days in Alaska.
Instead of adding to the pile of busted bargain sunglasses or investing in an expensive pair only to lose them, check out Cheapism's top picks for sunglasses on a budget.
JiMarti sunglasses are geared toward anyone itching to spend most of the summer outside. They win fans for their wraparound style and overall fit and comfort. Consumers posting reviews online comment that, at times, they forget they're even wearing these sunglasses. The line starts at $13 and stands out with a lifetime breakage warranty.
Sunbelt sunglasses excel at blocking out the sun without sacrificing fashion, according to online reviews. This brand offers a wide variety of styles. The sunglasses start at $20 and boast a limited lifetime warranty.
Use this test to find out if interest rates have risen too much for you to benefit from refinancing your mortgage.
Kicking yourself because rates are going up and you haven't refinanced yet? I know, I know. Me, too.
You and I thought ultralow interest rates would last a while longer. Now we're grinding our teeth at night. Should we lock in at 3.98% -- the average rate that Freddie Mac says that buyers paid this week? Or should we hang tight hoping rates will drop again?
Still a great deal
My lender's rep says that, in the past couple years, rates fell in summer and rose in winter, contrary to previous years when rates dropped in winter and rose in summer. So maybe, I'm thinking, they'll drop again to near the 3.5% all-time lows of last November and December. Is this magical thinking? You tell me. Where do you think rates are headed?
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ABOUT SMART SPENDING
Editor Bev O'Shea lives and works in the foothills of the Appalachians. A former copy editor for The Atlanta Journal-Constitution and the Orlando Sentinel, she joined MSN Money in 2007. She's a fan of sunsets, college football and free shipping, among other things.
Having worked as a writer, reporter and editor for more than 25 years, Editor Julie Tilsner is the sort of person who can't help but correct grammar in Facebook postings and on billboards. She's written for BusinessWeek, the Los Angeles Times, Parenting, Redbook, AOL and others. She lives in Los Angeles County with her family and loves to drink wine and practice yoga, although not generally at the same time.
A writer for MSN Money since January 2007, Donna Freedman won regional and national prizes during an 18-year newspaper career and earned a college degree in midlife without taking out student loans. She also writes about smart money tactics for magazines and on her own site, Surviving and Thriving.
Mitch Lipka has been warning people about scams and shining light on questionable business practices for more than 20 years. Mitch, the consumer columnist for The Boston Globe, has also been a reporter and editor at The Philadelphia Inquirer, Consumer Reports, South Florida Sun-Sentinel and AOL. He won the 2010 New York Press Club award for best consumer reporting online and was honored in 2011 for his reporting on child product safety.
Marilyn Lewis is an award-winning writer with a passion for getting readers clear, straight information that helps them stay out of financial trouble. A former reporter for The San Jose Mercury News, she works from her home in Port Townsend, Wash. Contact her at MarilynLewis@Outlook.com.
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