Facebook Week in Review: 04/18/11

18 04 2011

April 22

This Earth Day go green, save green! Turn down water heaters from 140 to 120 degrees, costs reduced by 6-10%. Bike ride, save on transportation costs. Install low-flow water fixtures in showers. Use energy efficient bulbs, they use 75% less energy & last 10 times longer. Ditch plastic bags, stores credit $0.05 for using cloth. Save $ on ink with Century Gothic font, it uses 30% less ink.

April 21

In store for a new car? When dealerships offer unusually low interest rates and promotions, make sure you understand exactly the terms and conditions being offered. Take these questions with you and write the answers down. Knowledge is power.

Easter is right around the corner. How do you plan on saving money this holiday?

April 20

Want to know how fast it will take your money to double? Rule 72 does just that! Rule 72 helps to figure the number of years it takes to double your principal using compound interest. Simply divide the interest rate that the money will earn into the 72. Interest compounded at a rate of 6% yearly = principal doubles in 12 years (72 DIVIDED by 6).

If your salary is reliant upon bonuses and commission, you should increase the amount of your Emergency Fund (i.e., 3 months would increase to 6 months).

April 19

Question – how do you save money during a deployment? Maybe you have signed up for the Savings Deposit Program (SDP), or increased TSP contributions. Perhaps you placed your cellphone service on hold during the months you’re away.

Save $ mailing care packages – The USPS created a “Mili-kit” based on the items most frequently requested by military families. The kit contains: 2 large and 2 medium Priority Mail flat rate boxes with the America Supports You logo; 1 roll of Priority Mail tape; Priority Mail address labels; 6 customs forms. Request your Military Care Kit by calling 800-610-8734.

April 18

The good news: 52% of people have more emergency savings than credit card debt.

The average credit card holder has 8.7 credit cards and owes about $8,000 in outstanding credit card debt.— Statistical Abstract of the United States

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