Frugal Moms News

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This Weekends Highlights:

• In The News: Staying Cool and Saving Money
• Featured Article: Five Easy Ways To Save and Build Wealth
• Frugal Tips
• Visit Our Sponsors/Coupons

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In The News:

Staying Cool And Saving Money
With the summer heat setting in, NewsChannel 9 has everything you need to know to stay cool and save money.
Tuesday, July 18, 2006 — There's no arguing it's hot out. The El Paso Electric Company says more electricity is used in the summertime, and that means bills tend to go up. On average, electric bills are about $68 in non-summer months. But, when the heat rolls in, those bills jump. In July, the average was $103.00.
NewsChannel 9 asked the El Paso Electric Company for ways you can still cool off, but also save money.
-When it's the hottest out, close drapes and blinds.
-Try not to cook, bath or do laundry during the hottest parts of the day. Those activities tend to heat up the house.
-Refrigerators should be full. That way they can work more efficiently. You should also make sure the door seals are air-tight. -Try to open the fridge as little as possible.
-Repair broken windows or gaps that would let cool air escape, and that might let hot air in.

Continue Reading This Article : Click Here

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Featured Article :

5 Easy Ways to Save and Build Wealth
by: Cindy Morus
1. Pay off high-cost debt. The best investment most borrowers can make is to pay off consumer debt with double-digit interest rates. For example, if you have a $3,000 credit card balance at 19.8%, and you pay the required minimum balance of 2% of the balance or $15, whichever is greater, it will take 39 years to pay off the loan. And you will pay more than $10,000 in interest charges.
2. Buy a home and pay off the mortgage before you retire. The largest asset of most middle-income families is their home equity. Once these families have made their last mortgage payment, they have far lower housing expenses. They also have an asset that can be borrowed on in emergencies or converted into cash through sale of the home.
3. Participate in a work-related retirement program. Many employees turn down free money from their employer by not signing up for a work-related retirement program such as a 401(k) plan. If they did participate, with a dollar-for-dollar match they would likely receive an annual yield of greater than 100% on their investment.

Continue Reading This Article: Click Here

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Frugal Tips:

1. Frugal Camping Tips

2. Tips For First Time Home Buyers

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