Posts Tagged ‘consumers’

Do You Need a Money Manager?

Thursday, October 9th, 2008

Money managers for many are necessary.

If your idea of organizing your finances is throwing a receipt in a big pile, you may want to consider the benefits of hiring a money manager. There is a new trend in the financial world where daily money managers are becoming very popular, and for many consumers, they are very necessary. Let’s take a look at what a daily money manager does and how they may be able to benefit your personal finances.

1. Organize paperwork and receipts.

When it comes to getting your paperwork in order, or keeping a record of all of your receipts, most of us end up failing miserably. Trying to track down little slips of paper is maddening at best, and for those of us with little time on our hands, the task of getting our paperwork organized is simply too much. We put it off and before long you end up with a slew of jumbled papers and you can’t find the one receipt you really need. A daily money manager will catalog all of your paperwork, filing it away and help you keep track of expenditures by organizing your receipts.

2. Paying bills on time.

If your schedule is hectic, or you simply aren’t good about dates, paying your bills on time can be a struggle. A daily money manager can be used to help you make sure that all of your deadlines are met, and that nothing is left unpaid by the end of the month. Once again, for those with a busy lifestyle or an inability to keep everything running smoothly, a daily money manager can be a true financial lifesaver.

3. Mediation.

A daily money manager does not replace an accountant or a lawyer, but they can assist in mediating between their clients and these professionals. For example, if you have filed a claim with an insurance agency, a money manager can assist you in handling the communication with the agency and getting all of your necessary documents together. The vast majority of daily money managers are trained and have backgrounds that include legal, financial, and insurance expertise.

4. Day to Day Basics.

For many of us, the devil is in the daily basics of keeping our finances ordered. Instead of letting things get out of hand for months at a time, a daily money manager can offer assistance in keeping checkbooks balanced, paperwork accounted for and everything you need to have handled in your personal finance life done.

As we get busier as a society, it is clear that there is a definite need for daily money managers. If you do decide to hire a daily money manager to help manage your finances, there are a few things to consider ahead of time. First, you will need to make sure that they are accredited and licensed. This professional will have access to your documents and it is vital to ensure that you can trust them. Look for a major national firm or someone in your local community that you can rely on.

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Are Your Gadgets Sucking Your Wallet Dry?

Wednesday, October 8th, 2008

Your appliances are adding to your energy bill.

We live in a digital age and the vast majority of us rely heavily on numerous technological devices to get us through our days. What we may not realize however is just how much these gadgets cost to run. Companies throughout the United States are finding out that they are wasting millions if not billions of dollars overnight in their companies and consumers face the same problem, even if the cost isn’t quite that high.

The energy drain caused by our gadgets is quite significant and can greatly affect a monthly power bill. Here are some tips to help you reduce your power bills, and keep your gadgets from sucking the life out of your wallet.

1. Turn off your computer at night.

Even though it is convenient to let the computer go into sleep mode, it is still using power, even if it doesn’t look like it. Simply turning off your computer can result in big energy savings, since it is one of the biggest culprits when it comes to energy drain.

2. Turn off your monitor.

In addition to shutting down your computer, it is also very important to turn off your monitor. Once again, we’re dealing with a sleeping issue, but in reality, that monitor is pulling quite a bit of juice throughout the night. Many consider monitors, especially CRT’s to be one of the biggest energy drainers in existence and they can greatly impact how much you spend on your power bill every month.

3. Unplug unnecessary items.

Just because a gadget is off doesn’t mean that it is not using power. It is best to unplug any unnecessary items throughout the night, especially if you have several throughout the house. Take a quick inventory of your home and see just how many different things you have plugged in. The amount may surprise you. Try unplugging a few at first and see just how much money you can save. Chances are you’ll be inspired to unplug the rest.

4. Consider rechargeable batteries.

They may not be on your power bill each month, but many of our devices rely on batteries and it doesn’t take long for the costs to mount up. You may want to consider purchasing a battery recharger to help you lower your reliance on new batteries. The initial cost can easily be paid off in a short time with the money you save on your batteries. For Wii owners, the rechargeable remote stations are a big money saver!

5. Less is more.

If you have a copier, fax machine and printer all plugged in, you’re increasing the amount of energy you’re using without doing a thing. Consider getting an all in one machine that will be more efficient. In addition to saving money on your power bill, you’ll also be able to save some space.

We need our gadgets, and as a result, there is a price to pay. How high that price is will depend on how well you implement energy saving techniques throughout your home.

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