savingtools.com - How to Save Money

SavingTools’s Practical Guide to Freezing Efficiently for Food Savings

Jessica Bosari — Fri, 11 Jun 2010 22:37:12 +0000

Did you know that you could save hundreds of dollars a year simply by putting your freezer to work for you? It’s not just about buying extra peas on sale and freezing them. There’s a lot more to it than that. By extending the life of meals, freezing some foods you never thought about, and taking better care of your freezer, you’ll save a bundle on groceries and energy. Read the rest...

Is Peer-to-Peer Lending Too Risky?

Jessica Bosari — Fri, 07 May 2010 17:50:17 +0000

Peer-to-peer lending has shown itself to be a smart debt management technique in a time when credit is hard to come by. Credit card companies are raising rates and dropping consumer rewards, and the relatively inexpensive rates charged by social lenders can save consumers a bundle. Borrowers can consolidate high interest loans into one lower interest loan and take up to three years to pay back the debt. The sheer brilliance of this scheme, so well timed in this economy, got me to thinking about social lending as an investment. Is peer-to-peer lending a good investment?Read the rest...

How to Modify Your Troubled Mortgage

savingtools — Tue, 30 Mar 2010 11:04:55 +0000

If you are having trouble paying your mortgage and are in danger of losing your home, you may be wondering how things got so bad and how you can keep your home. You may have heard stories about lost paperwork and denied loan modifications. While it's true there have been difficulties, lenders do want to help you.

The Troubled Mortgage Problem

The steep economic downturn left both borrowers and lenders alike unprepared for the fallout. When the housing market collapsed, people were unable to sell the homes they could no longer afford to keep. Many people also found they owed more than their homes were worth.Read the rest...

Free money for bills ?

savingtools — Sun, 28 Mar 2010 16:53:28 +0000

Searching for Free money for bills or Free money to pay bills? There is a little truth behind websites and tv commercials that pitch the idea of Government Grants providing money, but it's not as great as they make it out to be, and there's no need to buy anything to find it.

Information on government grants or other sources of money is pretty readily accessible. If you found this article by searching Google, you are probably hoping to hear the pitch from a gentleman named Matthew Lesko. He's famous for selling a book titled "Free Money to Pay Your Bills", where he claims that there are "billions in hidden dollars" to be found.Read the rest...

Incorporate as an LLC, S-corp, or C-Corp ?

savingtools — Wed, 10 Jun 2009 13:40:38 +0000

Planning on starting a business soon? One of the first decisions you'll need to make is what type of entity your business is going to be. The most common choices are to form the company as an LLC, S-Corporation, C-Corporation, or as a Sole Proprietor.

Each one has advantages and disadvantages, and depending on the type of business you are starting, you could save yourself a significant amount of money by choosing the right one for your needs. Each entity varies, with some of them excelling at simplicity and flexibility, others with certain tax or legal benefits. Read the rest...

Top 10 life insurance buyer's tips

savingtools — Sat, 24 Jan 2009 20:18:26 +0000

The cost of life insurance has dropped in a huge way over the last 20 years. Increased competition, and the power of the web bringing information straight to consumers, among other factors, have driven this dramatic change in costs.Read the rest...

Did your credit card company raise your interest rate ? Opt Out !

savingtools — Sat, 13 Dec 2008 23:13:12 +0000

Credit card companies raising rates...

In these tough economic times, the big credit card issuers like Bank of America, HSBC, Chase, Citi, Capital One, and Discover, are all under tremendous pressure to bring in new revenue, and one of the ways they are doing that is to increase interest rates for their existing customers.

If your credit card company chooses to increase your interest rate, they do provide you a period during which you can reject the higher interest rate. If you do choose to opt out, they will probably close the account, but you will be able to repay the remaining balance at the existing interest rate. You do have to act quickly, as the opt-out period is quite short...Read the rest...