
I say ... and you think ... ?
- Dork :: Dweeb
- Refurbished :: Electronics
- Basket :: Case
- Mousse :: Chocolate
- Studio :: Inside the Actor's …
- 8 ball :: Magic
- Masking tape :: Painting
- Love :: Sigh
- Wilder :: Gene
- Lindsey :: Bionic Woman/Sleep Number Bed
These are the thoughts and observations of me — a woman of a certain age. (Oh, my, God, I'm 65!) I'm single. I'm successful enough (independent, self supporting). I live just outside Chicago, the best city in the world. I'm an aunt and a friend. I feel that voices like mine are rather underrepresented online or in print. So here I am. If my musings resonate with you, please visit my blog again sometime.
I say ... and you think ... ?
1. You’re not alone. Nobody feels they save enough money. I’ve sat through focus groups and read testimonials from people of all ages who believe they have made unwise decisions when it comes to saving for tomorrow. So let yourself off the hook. Forget the past and instead concentrate on your future.
2. Establish an emergency fund, and then use that for emergencies. Retirement savings tend to be tax-deferred, so you lose both interest and tax benefits if you take money out of your IRA to repair the roof or buy a new furnace.
3. Pay yourself first. Save a little extra each month, no matter what. One way to build your incremental savings fund is with US Savings Bonds. You can buy them online, any time, day or night. They pay competitive interest, and it’s tax-deferred (which means you get to keep more of it). And if you absolutely must, you can cash bonds in after just 12 months. www.treasurydirect.gov
4. Yes, you can so come up with extra money every month! Don’t dismiss a savings idea because it’s “only a few cents” or “just a dollar.” Cut coupons and then put the 35¢ you saved on Barilla Pasta into a cash jar. Go to a movie matinee instead of the evening movie, again dropping the difference into the money jar. Pass on a single latte each week … limit yourself to just one beer at happy hour … switch to the store brand catsup … With a little discipline, you’ll find the change in your cash jar can rapidly turn into incremental savings. (This is one where I fall short. I save the money, but I don’t stash the savings away; I buy more purses.)
5. Walk the extra block and only make withdrawals from your network ATM. Eliminating the fees charged by both your bank and the out-of-network ATM can save the average consumer $150/year.
6. If your employer has a savings plan, participate! The money is deducted from your check so you won’t be tempted to spend it, plus you’ll be lowering your federal taxes.
7. Know how much you pay in credit card interest every month. Don’t work on paying off the card with the biggest balance, even though that’s the account that may require the largest payment. Instead concentrate on paying off the account with the highest APR. In the long run, that will save you more money.
8. Make sure you’re actually going to use your bonus points, airline miles, etc. Most of the credit cards that offer rewards charge an annual fee. If the miles expire before you can use them, you may have just wasted that $50/year fee. Better to switch to a card that doesn’t pay you back … but also doesn’t cost you anything.
9. Emergencies really do wipe people out, so make sure you have the right kind, and right amount, of insurance. Health, disability, renters/homeowners, auto are a good place to start. As I inch closer and closer to 50, I’m taking a closer look at long-term care insurance, too.
10. On the other hand, don’t carry insurance you don’t need. For example, whole life insurance doesn’t make a whole lot of sense for most singles, parents of grown children, or homeowners whose homes are paid off. If all you need is enough to put you in the ground (the Gal said delicately), less expensive term life insurance can cover those final expenses just as well. Yes, whole life does earn equity you can borrow against, so it’s never a BAD idea. But you must have the policy quite a while before you can do that, and if you put the difference between a whole life premium and a term premium in a savings or investment account, you could very well make more money. (Of course, you have to have the discipline to do that, and discipline is not always my greatest virtue.) Discuss this with an accountant, or a financial planner, or your friends. Just don’t discuss it with your insurance company. Trust me, I know which one type of policy they will recommend you buy: the whole life because it makes more money for them.
11. Keep your cancelled checks and receipts. Qualifying charitable contributions are tax deductible, and there’s no reason to leave that money on the table. Cutting a check to the a veterans’ organization or dropping that bag of clothes off at Goodwill are nice things to do, so why not reward yourself with a (legally) lower tax bill? Just make sure you have the proper documentation.
12. Switch to Energy Star appliances and lightbulbs. It’s the “green” thing to do in more ways that one. You’ll be helping the environment, and you’ll make a dent in your monthly utility bill. (I’ve been good about this one, and my new Energy Star ac and refrigerator use so much less power that they completely neutralized the rate increase my neighbors complain about.)
13. Track your phone and viewing habits. It may sound silly, but it’s not. You might be able to save every month with a more appropriate cell phone or cable plan. Do you go over on your minutes every month? A more inclusive calling plan may actually save you money. Are you paying for cable channels you don’t watch? It might be cheaper to just rent movies.
Now, go forth and SAVE! And if you need financial advisors with good, honest faces, I suggest you contact LS and BB.
Links to other Thursday Thirteens!
1. (leave your link in comments, I’ll add you here!)
I say ... and you think ... ?
Appetizer
Who is the easiest person for you to talk to? My best friend. We never run out of things to say.
Soup
If you could live in any ancient city during the height of the quality of its society and culture, which one would you choose? It's funny, but I've never really wanted to travel back to ancient times … Maybe Jerusalem?
Salad
What is the most exciting event you’ve ever witnessed? I was actually within the friendly confines of Wrigley Field when my beloved, future Hall of Famer Greg Maddux, got his 3000th strike out. Baseball is a game of stats, and it was terrific to be there, in person (and in the cold, wet drizzle), when he achieved this milestone.
Main Course
If you were a celebrity, what would you do for a publicity stunt? I suppose that I would be both rich and famous, which means I would have a huge house at my disposal. So I'd love to do what I heard that Julia Roberts once did -- I'd go to an animal shelter and just adopt as many pets as I legally could at one time. This way I could shine a spotlight on all the homeless pets out there, and remind people that a stray is just as loving a companion as a purebred.
Dessert
What do you consider the ideal age to have a first child? Interesting question, but I don't think there's one perfect answer. I bet every woman would respond differently, depending on her health, her relationship, her finances, etc.
For more information, or to whip up your own feast, visit www.fridaysfeast.com.
Thirteen Famous Movie Roles
that Were Nearly
Played by Someone Else
Legend has it that before Bogart was cast in Casablanca, Ronald Reagan was actually a contender for the role. Ronald Reagan as Rick Blaine, the cinema’s ultimate romantic? Ronald Reagan as the ideal champion of the underdog? Ronald Reagan saying, "Here's looking at you, kid?" Oh! The horror!
That got me thinking about other rumored first choices for roles very much identified with other actors. Some are interesting alternatives, while others are best filed under, “Huh? What?”
1. Bruce Willis as Danny Ocean in Ocean’s 11 (actually played by George Clooney)
2. Sandra Bullock as Maggie in Million Dollar Baby (Hilary Swank)
3. Demi Moore as Lucy in While You Were Sleeping (Sandra Bullock)
4. Molly Ringwald as Molly in Ghost (Demi Moore)
5. Will Smith as Neo in The Matrix (Keanu Reeves)
6. Al Pacino as Ron Kovic in Born on the Fourth of July (Tom Cruise)
7. Sally Field as Loretta in Moonstruck (Cher)
8. Cher as Thelma in Thelma & Louise (Geena Davis)
9. Jane Fonda as Norma Rae (Sally Field)
10. Meg Ryan as Clarice in Silence of the Lambs (Jodie Foster)
11. Paul Newman as Quint in Jaws (Robert Shaw)
12. Goldie Hawn as Roxie in Chicago (Renee Zellwegger)
13. Tom Selleck as Indiana Jones in Raiders of the Lost Arc (Harrison Ford)
Links to other Thursday Thirteens!
1. Mama Pajama gets in the Wayback Machine and brings back hits form the 1980s
2. Tink has a very ACTIVE TT
3. Suprina's bumperstickers will make you smile
4. Impworks goes beyond the Beatles to celebrate all that is Liverpool
5. Nicole's TT takes us on a trip to the salon
6. Nicholas' TT is book titles. Very specific book titles.
7. Damozel compares and contrasts the American and British politcal systems
8. Comedy Plus has 13 bumpersticks with attitude
9. Susan Helene Gottfried's TT is the unvarnished truth about Shapeshifter groupies
10. Mummifiedx5 shares what she cannot live without
11. Janet has a TT that's all Z
12. According to Lori's TT, I'm older than dirt.
13. DK shares perceptive quotes about art, writing and creating
14. If only Worksformom knew then what she knows now ...
15. Nancy shares award-winning photos … her own!
16. Sasha's TT is very positive and uplifting.
17. Kat is very productive when she's waiting in line.
18. Jenny McB fills us in on her hectic life.
19. Emmy Rose's TT is about movies, too, but it's more romantic than post
20. l^2 bids farewell to summer
21. Tanabata's TT is gloriously peaceful.
22. Joshua's ambitious TT encompasses everything from shopping in France to curing cancer!
23. Busy91 has a pleasantly surprising cinematic TT.
24. J. Lynne shares 13 universal truths.
25. Harlekwin introduces a hysterical new vocabulary
26. Elisa shares 13 books she enjoyed so much she read them twice
27. Starrlight gives us a list of riotous rock quotes.
28. Sniz takes us on a tour of Walmart
29. Go back to school with Mama Lee and pick up some excuses for cutting class.
30. In honor Leona Helmsley's wealthy heiress pup, Bernie lists 13 famous dogs
31. Callista highlights some funny, funny commercials.
32. Maribeth's TT is a list of positive symbols and what they mean.
33. Sparky Duck and Pink have 13 questions for the President.
You're Compassion Fatigue!
by Susan Moeller
You used to care, but now it's just getting too difficult. You cared about the plight of people in lands near and far, but now the media has bombarded you with images of suffering to the point that you just don't have the energy to go on. You've become cold and heartless, as though you'd lived in New York City for a year or so. But you stand as a serious example to all others that they should turn off their TV sets and start caring again.
Take the Book Quiz
at the Blue Pyramid.
I say ... and you think ... ?
What color is your soul painted? Red Your soul is painted the color red, which embodies the characteristics of love, strength, physical energy, sex, passion, courage, protection, excitement, speed, leadership, power, danger, and respect. Red is the color of the element Fire, and is associated with blood, life and death, birth, volcanoes, and intense emotions. |
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