Tuesday, January 15, 2019

Health Insurance

Hello Family How Are you today?


 Well today I am talking about Health Insurance and the expense of it all. Me being a cheapskate and looking into health insurance is a horror movie waiting to be produce. Thank god I don't need it now I am on my partners insurance but when I do the amount that they are quoting for basic health insurance is crazy. For a single person I have been quoted between $450-900 a month for the basic health plan. This is with a deductible of $7000. first. Needless to say this is not including a dental plan which is needed. So what is a frugal cheapskate to do when health care is so expensive?

Some say look in to the Affordable  Care Act plans that the government offers. I have done that and based upon your family size and income. For me the amount that I have to pay is not all that cheap and some of the insurance companies in the plan want you to jump through a lot of hoops before they cover you. To some it's really not that affordable and you have to read the find print and see what the individual  plan covers. 

Try and stay with your employers health care plan as long as possible. You might pay a deductible or co payments but trust me it's cheaper then paying for your health care without the group rate that your employer is receiving.

Health Savings Accounts (HSAs) and Flexible Spending Arrangements (FSAs) are tools designed to manage spending  surrounding your healthcare needs. Both of these tools offer an opportunity to save money in anticipation of future medical expenses,

When you are looking for a health care plan don't forget to shop around, make sure you know what kind of plan you need for yourself and your family.

You can also look for an health insurance agent that will help you through the maze of crazy health plans that won't hurt a cheapskate pocket to much.

When it comes to health insurance sometimes being a cheapskate is not the best ideas, especially when it comes to your health. But I do say shop around and try and get the best bank for your buck. I know I am.

Have a Great Cheap Cheetah Day & Save that $$$

Friday, January 11, 2019

10 Billionaires That Are Cheaper Than You

                              


                       Hello family, thought this was interesting. 
With all that money I would think that you could afford not to be so conservative with money. I could be wrong.
                      Have a great Money Saving Weekend!

Tuesday, January 8, 2019

Credit Cards & Cheapskates

 Hello Family How Are You Today?



Credit Cards and the Cheapskate

I find them wonderfully useful, provided you religiously pay the balance in full promptly every month.

I've had a card for more than five years. They haven't made a cent off me yet. I get a monthly accounting of all my grocery purchases and utility bills (1% cash back on both), so I can use my card statements to track those budget items.
This is my partner not me. He believes that you can use credit cards as long as you pay the bill in full when you get it. I will admit when I see our credit card statement it helps me keep track of our  spending. I can see on a monthly basis how much we spend on food, drugs and other things. This way I know what to cut back on in the coming months.

 But me I tell people it's against my religion to use credit cards which it is. The  religion of being debt free. I have not  personally used a credit car in over 10 years. Now I will use my debit card if I need to but that is rare. I feel that with the high interest and even with some credit card charging you to use their services it's not worth it to me. So I don't use them.
Some people use them for the cashback rewards that credit cards offer when you use them. But they are also paying  the transaction fees for the use of that service. So is the credit card company really giving you anything that your not already paying for?

Some people say that having a credit card will help your build your credit. I say  their are other ways to do that. One if  take a small bank loan and pay it back isn't that credit building. Why do we need a credit history anyway? Ok if you need to buy a car or a home what else would we need a credit history for? If your buying a car then find a used one in good condition and pay cash for it. For a home purchase ok you might need the credit history. But try to find other ways to get the house you want with out the credit history that the banks require.  Just my thoughts.

What do you think?

Have a great Cheap Cheetah Day & Save that $$$

Thursday, January 3, 2019

Books


                                                     Hello Family Happy New Year 



 What books have made the greatest impact on your financial life?

What books have made the greatest impact on your financial and/or investing life?

The Total Money Makeover (Dave Ramsey)

Personal Finance for Dummies (Erik Tyson)
The Millionaire Next Door is a classic.
The Bible
How To Survive Without a Salary
 Living on Less and Liking it More.
The Tightwad Gazette
The Wealthy Barber
"Making The Most of Your Money"
The Automatic Millionaire, Smart Couples Finish Rich
Rich Dad, Poor Dad.

I can honestly say the millionaire Next door, Tightwad Gazette, How to pinch a penny until it screams, Live simple. and think and grow rich are all books that had a impact on my saving. What about you? 

Have a Great Cheap Cheetah Day & Save That $$