Tuesday, December 4, 2007 

Cost Effective Living

Achieving financial peace and independence in life is hard, especially when you can barely afford the necessities. Life should be enjoyed, but it is hard to have a good time when you are funneling all of your money into your bills instead of your vacation fund.

Believe it or not, little changes made throughout the year is almost like giving yourself a raise. As a bonus, money saving habits can improve your health, not to mention your stress level.

With patience, planning and discipline you can add thousands of dollars to your yearend bottom line and your personal net worth.

Here are just a few ideas you can consider to save money:

TRANSPORTATION

Many families budget nearly $1000 per month for transportation costs, which may include several car payments, insurance, fuel and repairs.

Payments

  • Generally, buying a car less than two years old is unwise. Most cars depreciate so quickly that before you even park the car in your driveway for the first time, the loan is already upside down.
  • Discipline yourself to pay off one car loan before you finance a second vehicle.
  • Do not buy vehicles on impulse. Shop around, read consumer reports and choose a vehicle with a good resale value.
  • Do not buy more car than you need. It is not prudent to buy a $40,000 truck for two trips to Home Depot per year. To haul items, often you can rent a truck for less than $20 per hour.
  • Before financing a car, set aside the payment amount and increased insurance amount for several months. If you cannot do this, or you fall behind on other expenses, you are not ready to finance a car. If you can do this, and kept up with your regular expenses, use the saved amount as a down payment.
  • If you are uncomfortable taking your older car on long trips, rent instead of buying. If you were to buy a new car, at $250/month it totals $3000 per year just in payments. An older, paid off vehicle may require $1000 per year in repairs and renting a car for a weekend trip may cost around $100. Therefore, including two weekend trips per year and the repairs on your older vehicle, the cost is still $1800 less than the payments on a new vehicle.

    Insurance

  • Shop around for the best rates. Get several quotes before you decide on a new service.
  • Increase the deductible if possible to decrease monthly payment.
  • Older, paid off vehicles do not require full coverage, refer to your state laws and see if you can make any changes to decrease your payments.
  • See if your insurance offers lower rates for monthly, payment in full or other arrangements. For example, many quote a lower rate if you pay six months up front instead of per month.

    Fuel

  • Shop fuel prices, do not let yourself run so low on gas that you are stuck going to the most expensive option.
  • Use public transportation when possible.
  • Combine your trips. Instead of running multiple errands in several trips, organize a list and complete everything at one time. Do not run your errands during high traffic hours and burn fuel sitting in traffic.
  • Walk, bike or run to where you need to go.
  • Ride share.
  • Keep your car tuned.
  • Drive your vehicle that gets the best gas mileage most of the time.
  • Think before you go, driving to the store to buy $1 worth of soda, while spending $1 worth of gas is not cost effective.
  • Ask your employer if you can telecommute.
  • Purchase your gas from discount wholesalers like Costco or Sams Club.

    Repairs

  • Shop around; get at least three quotes on major repairs.
  • Keep up the maintenance on your vehicles to prevent larger problems later.
  • Put aside at least $50 per month per vehicle for repairs.

    FOOD

    In America, more and more families and individuals are eating out. This means they spend as much on one meal as they would an entire day or even a whole week if they ate at home.

    Eating Out

  • Limit how often you eat out, for example once per week instead of once a day.
  • Use coupons or eat out at lunch instead of during the higher priced dinner hours.
  • Look around, often you can find a locally owned restaurant with excellent specials.
  • Order water with your meal instead of soda or other higher priced items.
  • Split a meal.
  • Order only what you want, if you really only want artichoke dip, just order that.
  • Do not let yourself get over hungry. Store in your office desk, purse or car a few breakfast bars or other low calorie snacks that can hold you over until you get home.

    Eating at Home

  • Home cooked food is nearly always cheaper and healthier than eating out or prepackaged food.
  • Shopping for bulk items is not always the best bargain, check prices and quantities for the best deal.
  • Coupons are usually for name brand items; generally, the generic variation costs less.
  • Never buy anything at full price.
  • Stock up when you find an exceptional deal.
  • Teach your kids (and if necessary yourself) how to cook.
  • Consider the cost of habits such as smoking and drinking alcoholic beverages. These are expensive and you may want to reduce or eliminate them.
  • Decrease the amount of meat and cheese that you eat, substitute or decrease the amount in recipes to save money and lower your fat intake.
  • Drink more water and less soda, juice, milk or other costly beverages.
  • Do not shop for groceries when you are hungry, on impulse or with your kids.

    HOME

  • Winterize/summerize your home to help prevent heat loss/gain.
  • Keep your thermostat no higher than 65F in the winter and no lower than 75F in the summer.
  • Take shorter showers, or take your showers at your gym.
  • Use cold water when washing your clothes as often as possible.
  • Consider shutting off your landline telephone if you have reliable cell phones with good rates.
  • Close doors to unused rooms and shut the vents in those areas.
  • Use your grill in the summer and oven in the winter.
  • Install water saving devices, such as a low flow showerhead.
  • Plan a xeriscaped yard, with native plants, that require less work and less water.
  • Sweep your walks and driveway instead of using water or an electric blower.

    ENTERTAINMENT

  • Evaluate whether you really need cable television, or whether it would be more cost effective to rent a movie every now and then.
  • Go for a walk, hike or picnic instead of a high priced alternative.
  • Budget your entertainment. Plan and track your expenses so they do not get out of hand.
  • Instead of subscribing to a magazine, read it at your local library.
  • Buy used books and then when you are done resell them back.
  • Watch movies during the lower priced matinee hours and do not buy the expensive popcorn and soda.
  • It is actually less expensive in the end, to go the theatre often, than to buy an expensive home entertainment system.
  • Rent instead of buying, often you can rent boats, hiking equipment, bikes or other recreational gear for much less than it would cost to buy them and you do not have to worry about storing them throughout the year.

    CLOTHING

  • When it comes to clothing, never spend an excessive amount on a trendy item that will only be worn a few times or will quickly go out of style.
  • Never buy anything full price.
  • Shop quality not quantity. It is better to have a few items that you really like, that fit and look good on you, than a closet full of stuff you do not like.
  • Buy large quantities of the basics if you find a good deal, such as on socks.
  • Shop at the end of the season for the next year.
  • Buy clothing that is washable and easy to care for, check care labels.
  • Do not shop on impulse or for other emotional reasons.
  • Do not view shopping as entertainment.
  • Bargain shop; compare prices, shop consignment stores, thrift stores, garage sales or online.
  • Do not waste your money by buying your kids something they do not like and will not wear.

    WINDFALLS
    If you do not plan how you are going to spend a windfall, it will slowly disappear into unnecessary expenses and you are going to be wondering where it went.

  • Tax Returns Try to budget extra money towards paying off interest charging loans or credit cards. Those that charge the highest interest rates should be paid off first.
  • Gifts Teach your children to put half of the money they receive as gifts into savings. Adults that receive gifts should put the money into their rainy day fund, in a vacation fund or towards interest charging accounts.
  • Do not pre spend windfalls. For example, taking an expensive vacation on a presumed tax refund, bonus or raise that never materializes can get you into trouble.

    As you can see most of these money saving ideas are not going to change your lifestyle or cramp your style that much, they are just little things that with patience and foresight can add up to significant savings throughout the year.

    References
    Dunleavey, M. 8 financial train wrecks you can avoid. MSN Money Web site: http://moneycentral.msn.com/content/SavingandDebt/P81712.asp.
    Dunleavey, M. 20 ways to save on a shoestring. MSN Money Web site: http://moneycentral.msn.com/content/Savinganddebt/Savemoney/P36020.asp.
    Hobson, M. Is bulk buying always better?. ABC News Money Web site: http://abcnews.go.com/GMA/MellodyHobson/story?id=127697&page=1.
    Hobson, M. Your 2006 financial calendar. ABC News Money Web site: http://abcnews.go.com/Business/MellodyHobson/story?id=1466201.
    Palmer, M., & Markish, R. (2004)The Book of Money. Baltimore: Agora Publishing.
    Toups, D. Keep your old clunker or buy a new car?. MSN Money Web site: http://moneycentral.msn.com/content/Savinganddebt/Saveonacar/P37270.asp.

    Pamela Stevens

    Pamela Stevens writes for TopTenREVIEWS.com, a review site that publishes unbaised reviews on a wide range of subjects, including software, online services, hardware, movies and actors.

    International Yoga Conferences

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    Three Branding Lessons I Learned From Inside the Yoga Temple

    I'll let you in on a little secret...I've recently become addicted to Yoga! It's a great way for a type-A personality like me to unwind, get centered and focus on something other than the next task on my list of to-do's. The added benefit is that I've gained more physical power and strength and an abundance of clarity in all aspects of my life.

    I've been practicing yoga now for several months and have been so focused on my movements that I failed to notice there is much to be learned about business success in the midst of the 'om'. Here are 3 lessons we can all learn from:

    1. Let your inner voice guide you
    Unlike competitive sports, yoga practitioners don't compete with the rest of the room or even themselves. Instead, they honor where they are at in the moment and stretch not based on what the rest of the group is doing but based on how far they can go that day. This requires really listening to your inner voice, honoring where you're at and not imposing preconceived judgments on yourself.

    In business, instead of moving at the pace of the pack, or making decisions based on what others are doing (or not doing), develop a strategy that honors your brand statement. When you are clear on your brand, and the value it represents, you are able to make decisions that point back to what really matters and is right...for you.

    2. Expect to get out of balance
    One of the moves I had the most difficulty with in the early stages of my yoga practice, is called 'Tree pose.' As a yoga newbie, I didn't have the focus I have today and balancing on one foot while my hands floated in the air above me was challenging. I'd fall out of the move, and became frustrated.

    No matter the size, or age, of your business there will be times when what you forecasted doesn't go as planned. It's easy to just throw your hands up in the air and give up or change your course completely - your brand isn't built on that now is it? Before you become frustrated, take a moment to readjust and try that marketing strategy or sales tactic again.

    3. Model the actions of those that are achieving what you want
    Whether you practice yoga in a studio with other people or prefer to move into downward-facing dog in the privacy of your own home, it helps to model someone who is performing the moves successfully. I'm always keeping an eye on my instructor when she introduces a move I'm not familiar with so that I can copy her movements.

    As a small business owner, you don't have to go it alone! Look for role models that are achieving the success you want and learn from them. The trick is to avoid taking advice from those that aren't more successful than you. Beware of 'wanna-be' mentors that position themselves as know-it-alls when in fact they are do-nothings.

    The most enjoyable part of my yoga practice is the 'Salutation Seal' when we place our hands near our heart and reflect on our accomplishment. As part of your business' practice honor your accomplishments and remember, tomorrow is another day.

    Namaste.

    2007 Liz Pabon. All rights reserved.

    about the author: Liz Pabon, The Branding Maven, is inspiring, motivating and empowering - but most importantly, shes effective. A speaker and author on the topic of personal branding, Liz delivers insights and principles that are proven to achieve WILD SUCCESS. Liz publishes the weekly Keys 2 Wild Success! ezine. If you're ready to ATTRACT amazing clients, set yourself APART from the pack, make a lot more MONEY, and have a lot more FUN in your small business, get Lizs FREE WEEKLY TIPS by going NOW to http://www.thebrandingmaven.com!

    Yoga Mats 2024

     

    Which Surveillance Camera System Is Right For My Business?

    If you own a business, you know that theft occurs by your customers and employees. Employee theft exceeds $8.5 billion annually! 75% of inventory shortages are attributed to employee theft. (National Restaurant Association). It's been reported that over 75% of internal theft is undetected, and growing at a 15% annual rate (Justice Department). All this dishonesty costs American businesses between % and 3% of their gross sales! Even 1% costs over one billion dollars a week in employee theft.

    The results of all this? 30% of business failures are due to poor hiring practices by hiring thieves. Annual losses generated by poor hires, absenteeism, drug abuse, and theft amount to $75 billion per year. (U.S. Department of Commerce-Atlanta Business Chronicle.). While we can't screen your employees, you can keep an eye on them, and a video surveillance system is one of the best ways to do it.

    When choosing a video surveillance camera system, there are several things to consider: Hidden Cameras vs. Visible Cameras Wireless Cameras vs. Wired Cameras Indoor Systems vs. Outdoor Systems Video Recording vs. DVR Recording

    Hidden Cameras vs. Visible Cameras Hidden Cameras The first thing you want to consider is whether you want your cameras to be visible or not. Modern technology has reduced a video camera down to miniature levels. Hidden cameras can be hidden behind a pinhole, and can be put in practically any everyday item in your house or office, in a briefcase or backpack, or even hidden in a hat or behind a button. The advantage is that the criminal won't know they are being recorded, and you should catch more theft. Hidden cameras could be more expensive then visible cameras.

    Visible Cameras A visible camera system consists of any number of visible cameras from the black dome cameras you see in most stores, to the old fashioned kinds on brackets pointing at you at the bank. There are also high resolution cameras that can zoom in to tight detail. The advantages of these types of systems is that your criminal will know they are being watched, and that should deter a lot of crime that normally would occur without the cameras.

    Even a series of dummy camera's, camera bodies with no working parts except a flashing red light, are proven to deter crime. If you don't have the funds for a working video surveillance system, just installing four to twelve dummy cameras fools the criminal into thinking you have a real system in place.

    Wireless Cameras vs. Wired Cameras You have two choices for the type of surveillance system, wireless and wired. Both have advantages and disadvantages;

    Wireless camera System Wireless camera systems are the fastest systems to install, as you just need to mount the cameras, hook up the wireless receiver in the back room, and wire it all together to a power box and some type of system to record the video.

    The advantages of wireless cameras are that they can be installed in locations that are difficult, if not impossible to wire. They can be moved to different locations easily, as often as you like, and if the need arises, they can be hidden inside a moving object like inside your cloth, cap, briefcase or carrying bag etc.

    To overcome the disadvantages of a wireless camera, you should buy one with a higher frequency transmission band of at least 1.2GHz or above. If you need to take video from the wireless camera a long distance from the receiver, or there are walls, metallic or steel obstacles between the wireless camera and the receiver, you should buy a wireless model with a higher transmission power, that is, a transmitter with longer transmission distance. Another good idea is to use a high gain antenna for the transmitter or receiver, which will improve the signal transmission/reception.

    The disadvantages of wireless cameras are that the video stream might be disturbed or influenced by moving objects or strong radio or even telephone frequencies. Video/audio transmission is limited within the prescribed transmission range. These disadvantages will not occur with a wired camera.

    Wireless camera systems are also more expensive than wired systems, as they require a lot of receivers and transmitters to received the video that normally would run in the inexpensive wires. However, the costs are usually worth it, as it could cost less to install, and less to relocated. Overall, the video/audio signals from a wireless camera are less stable than a wireless camera.

    Wired camera Systems Wired camera systems are more stable due to the cable, which doesn't have the interference problems associated with wireless systems. You need to run a video cable to each camera in order to get a video feed. You will have to run the wire either through the walls and ceiling, or have it exposed on the wall. While the cost of the system is less than a wireless system, it will require more work to install, and if you are paying someone, it might cost more than buying a wireless system.

    You should look at the total costs to purchase and install both systems and go with what is best for you. Overall, the video/audio signals from a wired camera are more stable than a wireless camera.

    Indoor Systems vs. Outdoor Systems Depending on your needs, you will need a camera for indoor or outdoor needs. If you need to monitor your loading dock, you will need a camera that can withstand the elements. Unless it's specifically sold as an outdoor camera, a regular camera can't withstand the beating from Mother Nature that a weatherproof camera can endure.

    You can find many types of outdoor camera, dome, bullet, and standard. All are enclosed in waterproof cases and some even have heaters for cold areas. You can also buy hardened cameras that will withstand direct hits from bats and hammers. These are recommended in high crime areas.

    Video vs. DVR recording You need to determine if you want to record the activity, or just hire someone to monitor it. It's a good idea to record the video so you can give a copy to law enforcement for future needs. You have two choices, VCR or DVD.

    VCR allows you to record the video with a Video Cassette Recorder (VCR) directly to a VHS tape. You can use a bank of standard VCR's, or there are high density VCR's that allow you to record days of video. Some come with motion detectors and won't record unless the video changes. The disadvantages are that you have to know about what time the event occurred, or you will have to review all the tape sequentially, or on fast forward.

    The latest technology is using a DVR or PC based DVR system to record the video to disc. The advantages are a DVD can be burned from the digital recording. This is the easiest system to review your recordings, as you can jump ahead to any point in the recording, unlike the VHS tape. The initial cost will be larger than a VCR system, though you won't need to buy tapes, and the ease of use will be worth the extra money for a DVR based system.

    You have two types of DVR systems, DVR recorder and PC based. DVR recorders feed the video directly into the hard drive or disc on the recorder and you either burn the disc, or back up the hard drive. These come in a variety of sizes, from standard sizes for indoor uses, down to field use DVRs the size of a pack of cigarettes that can record up to 60 hours of video from a hidden surveillance camera.

    Your other option is the PC based surveillance system that uses a Personal Computer, a video capture card, and software as a control center that can not only record the video and burn it to disc, a quad can be installed to monitor the feeds on real time over a computer screen, and break it up into quadrants to monitor multiple cameras at the same time, in real time.

    We have only just scratched the surface of video surveillance systems with this brief overview, and future articles will focus on the pros and con's of what is out there, and is it right for you.

    Don't delay installing a surveillance system for your home or business. You never know when crime will strike and it is too late after the fact. Get it on disc so the police can arrest the criminals.

    Yoga Supplies Dallas Texas