Don’t Drink Your Wallet Dry!

It’s hot out, so make sure you’re drinking up! In fact, the Food and Drug AdministrationMan pouring water from filter pitcher (FDA) recommends that adult males drink at least 11 cups of fluid a day and females drink 9.

What’s in your glass today? You might be a true coffee-crazy, cola-loving American, but water is your best beverage choice for your health and for your money.

However, did you know that bottled water may be draining your wallet dry?

It’s true. Many people pay huge amounts of money for bottled water without even realizing how inflated the price is. So, let’s take a look at the costs of bottled water when compared to ordinary tap water.

Although service charges, state taxes, and other fees may vary, 1,000 gallons of tap water will typically cost you about $11. With that amount of water, you could fill approximately 7,570 bottles of water at 16.9 fluid ounces each, with each bottle costing you less than a penny. It’s $0.0014 to be exact!

Assuming you drink three 20-oz bottles of water a day, you’ll need 1,095 bottles a year. If you’d fill those bottles with tap water, it’ll cost you just $1.53 a year. This means that, as soon as you’ve bought a day’s worth of bottled water, you’ve already spent nearly double of what an entire year’s worth of tap-water drinking would cost you!

Is that water starting to lose its taste yet?

This doesn’t mean you need to start chugging down awful-tasting tap water just to save on some costs. Luckily for you, there are many ways to get sweet-tasting water without busting your budget.

Here are some options you may consider:

DIY chilling

If you love the taste and convenience of bottled water, you can save big just by buying your bottles in packs of 24 and refrigerating them at home instead of buying them cold while on the go. Instead of $1 a bottle, you’ll pay just $0.16. If you drink three bottles a day, you’ll pay $175 a year. It’s still a lot more expensive than tap water, but it’s also a lot less than paying for cold bottled water.

If you’re out of the house for a while each day and you like your water freezing cold, you can freeze the bottles you’ll be using later in the day or invest in an insulated bag that keeps beverages cold.

Water coolers

They’re not just for catching up on the latest office gossip; water coolers can help you fill all your water needs at home. Of course, you’ll need to spring for the machine itself, but after that one-time cost ($170 on average), you’ll only be paying for refills.

Prices vary by companies, but a 5-gallon refill of spring or purified water will run you approximately $7. Stockpile your refills in the garage and order multiple bottles at once, and you can get discounts as steep as just $5 a bottle. That’s only $1 a gallon, for cold, delicious-tasting water. With each gallon filling 7.5 water bottles, you’re getting more than 37 bottles worth of bottled water for the price of 5 purchased bottles!

Pitcher filters

These handy contraptions snap right onto your pitcher of water and filter it on the spot. You can also purchase a pitcher with the filter already attached. Either way, you’ll have your bottled water needs met with just a one-time purchase that averages only $20.

The downside here is the minimal amount of water a pitcher filter can purify for you in one shot. If you drink large amounts of water or have lots of thirsty people around, this might not be the best option for you. If your water needs are modest, though, a pitcher filter can be a great way for you to get sweet-tasting water inexpensively.

Water treatment system

If you want to be able to get purified water straight from the tap, this is the way to go. Having an indoor water treatment system installed in your faucet will filter your water before you even turn on the faucet. The obvious benefits here are easy access to unlimited amounts of filtered water whenever you need it, plus purified water to cook with and to use for washing your dishes.

These filters run about $250 to $400 and usually work with one faucet only. Some companies will actually install a purified water tap alongside your existing faucet instead of filtering it. There are also companies that offer a purification system for all the water in the house, but those will costs several thousands of dollars to install.

Take the tap challenge!

There are many ways to drink up, but tap water still holds its place as the cheapest option. Are you up for a challenge? If it’s a safe option in your area, try drinking only tap water for a month. You’ll save huge on drinking water costs and it may just become a lifelong habit!

Here are some ways to make tap water more palatable:

  • Slice citrus fruits and let them float in your pitcher to give your water a tasty zing.
  • Soak some pineapple chunks in your water for several hours and remove before serving.
  • Invest in a SodaStream to add some sparkle to your glass.
  • Freeze pureed blueberries and strawberries and use them as ice cubes.
  • Add some Crystal Light or another calorie-free flavoring mix.
  • Steep fresh mint leaves in your pitcher before drinking.

Don’t let your hard-earned money get washed down the drain. Drink wisely this summer and save big!

Your Turn: How do you hydrate? Share your own cost-effective water sources with us in the comments!

SOURCES:
https://20somethingfinance.com/cost-savings-drinking-water/

https://www.google.com/amp/s/www.thepennyhoarder.com/food/bottled-water-cost/amp/
https://www.shape.com/healthy-eating/healthy-drinks/20-tips-make-drinking-water-taste-better
http://all-about-water-filters.com/top-easiest-diy-water-filters-you-can-make-at-home/
https://www.deerparkdelivery.com/_mobilecmsviewer.cfm?id=3
https://www.fixr.com/costs/water-purification-system

Can Living Frugally Make You Happier Than When Living Lavishly?

Do you believe money is the key to happiness?63e01-piggyeducation

Somewhere deep inside, we all know that money cannot buy happiness. Many people overspend and rack up thousands of dollars in credit card debt to live a lifestyle they believe will make them happy, only to discover they are living beyond their means. This, in turn, adds stress and worry … causing unhappiness. Believe it or not, living frugally can actually make you happier than living lavishly.

Living a frugal lifestyle isn’t necessarily about pinching pennies and denying yourself things you want. It’s about making your life easier and worrying less about money.

If you’ve decided it’s time to start living more frugally, ask yourself why you want to do it and establish a goal. Without a reason to change your spending habits and a goal to work toward, it’s easy to fall back into old habits. Maybe you’d like to retire early, or travel the world or buy your dream home. Maybe you’d like to work less and spend more time with your family. Whatever your reason, write it down. Place reminders of your goal where you’ll see them often.

Once you’ve started your new frugal lifestyle, you may be pleasantly surprised at your newfound happiness. Below are some benefits of living the frugal lifestyle that can lead to more happiness and better money management.

  • You’ll learn to appreciate what you have. You’ll become thankful for your resources and learn to make the most of them. Rather than throwing away old items, you learn to repurpose them and let little go to waste.
  • You’ll tend to choose experiences over objects. Rather than going to the mall and purchasing a new outfit or the newest video games, you’re more apt to go for hike, to the beach or play board games with friends or family. These experiences provide memories and happiness that can last a lifetime. Conversely, that new outfit or video game will provide only temporary happiness.
  • You’ll start to notice your debt diminishing. The burden of debt often ties people to jobs and locations that they hate because they feel they have no other choice. Once your debt disappears, you’ll have the freedom to choose a profession and location that makes you happy.
  • You will have more leisure time. Once you’re able to pay down debt, you won’t need to work as many hours to make ends meet. This will give you more free time to spend on hobbies and other leisurely pursuits.
  • Living frugally may put you on the path to early retirement. Rather than spending your golden years working, you could be gardening, traveling, enjoying your grandchildren or any number of more pleasurable things. Being able to put more funds away for retirement will help you reach a financially comfortable level long before many of your colleagues.
  • You might find joy in helping others. By reducing your own expenses and saving money, you are able to give more to others and support social causes that are important to you.

Now, you may be thinking – the frugal lifestyle doesn’t sound all that bad, but how do I get started? The key is to start small. Make a list of what you’d like to accomplish, how much money you’ll need to achieve it, and formulate a plan. Figure out expenses you can live without. Instead of buying high-priced gourmet coffee at a drive-thru in the morning, brew your coffee at home. Brown bag your lunch rather than eating out. Make a weekly meal plan and cook your meals at home. These items alone can potentially save you hundreds of dollars a month.

If you’re paying down multiple credit cards, look into consolidating them into one loan or to a single, lower-interest credit card. This can give you significant savings on interest charges. Check out Destination Credit Union’s low interest credit card options and apply online. Once you’ve consolidated your credit card debt, keep your your oldest credit card, but use it infrequently and close all others. Keeping your oldest card open may positively impact your credit score. Leaving the others open, though, may lead to a temptation to use them again, thus defeating the purpose of paying them off.

Learn to stretch your money as far as you can. When purchasing groceries, clip coupons and look for sales. When purchasing clothes or other non-grocery items, check thrift stores, yard sales and clearance racks for the best possible deals.

Look for ways to lower your monthly bills. Are you paying a huge bill for cable TV? Could you live without it? Many people pay a large cable bill and only watch a handful of channels. Check to see if there is a cheaper package available. Is your electric bill higher than it should be? Try hanging your clothes outside to dry rather than using your clothes dryer whenever possible. Also, washing your clothes in cold water instead of hot will save your hot water heater from working as hard – and your clothes will still get cleaned. Another good habit to get into is unplugging electronic devices when you’re not using them.

Give frugal living a try! You have nothing to lose but debt and can gain some unexpected happiness along the way.

Your Turn: Does saving money make you happy? How do you save – and enjoy the process? Share your thoughts with us in the comments!

SOURCES:
http://www.wisebread.com/how-living-on-a-tight-budget-makes-you-happier  

https://www.thebalance.com/frugal-living-4074014  
https://toughnickel.com/frugal-living/101-Frugal-Living-Tips-You-Need-to-Know  
https://www.thepennyhoarder.com/life/frugal-living-rich-life/  
https://www.thebalance.com/lower-your-electric-bill-1388743  

6 Ways To Save On Your Summer Vacation

The ocean is calling – and so is the open road. Your dream vacation awaits! But first, youSummer Beach Scene need to work out the financial details. How are you going to pay for your getaway? How much can you realistically spend? Where is the money for your vacation going to come from?

Ideally, a plump vacation fund that’s fed throughout the year is the way to go. Unfortunately, though, we often don’t think about how to pay for vacation until it’s a few weeks away. To make things even worse, according to LearnVest, an alarming 74% of Americans go into debt to pay for a vacation.

Don’t become part of that statistic! Be proactive in planning your vacation by saving up for it in advance. Forgo some luxuries in the months or weeks leading up to your vacation and save the extra cash for your getaway. Consider running a yard sale featuring all of your forgotten treasures and use the profits to fund your trip. Skip your weekly dinner out for a while and put the money in your vacation budget.

Now it’s time to plan your vacation! When you’ve got the money saved up, create a realistic vacation budget. These six vacation saving tips will help you plan the perfect getaway while staying well within your budget.

1.) Timing is everything

Be a savvy shopper. There is an ideal window for buying everything, and booking airline flights is no exception. Flight prices generally fluctuate until departure day, but experts say the sweet spot is 54 days before your travel date. If you don’t want to be busy checking prices all day, sign up for emails from a savings alert site. Let them know which dates and locations you’re interested in, and they’ll let you know when a flight goes on sale so you can book your discounted tickets before they’re sold out.

2.) Clear your cache

Hotel and airline sites use cookies to determine what you’re shopping for. They’ll see which days you’re searching and raise their prices accordingly. Beat the system by clearing your cache before every new search so they can’t read into your browser history. You might see as much as a 50% drop in prices when searching with an empty cache!

3.) Sweet-talk your way to savings

Just because your hotel room is pre-booked, it doesn’t mean you can’t save. Don’t be shy about asking for an upgrade at check-in. About 78% of hotel guests who request an upgrade at the front desk actually receive one. Some face-to-face schmoozing can go a long way!

Also, by 6 p.m., most hotels know which rooms will be filled for the night. If you check in later in the day, you’ll have a better chance at getting the keys to the room with the incredible view – even with your economy-class price tag.

4.) Never pay full price

You can score a deluxe vacation without the deluxe price tag – all it takes is a little research. Check sites like coupondivas.com, entertainment.com and Groupon.com for amazing deals and deep discounts for local eateries and entertainment centers. You can also find cheaper tickets to nearby amusement parks by looking for sellers on Craigslist. Also, if you’re traveling with kids, don’t forget to look up restaurants with “Kids Eat Free” promotions.

5.) Freebie fun

Challenge yourself to enjoy one day of your vacation without spending any money at all. Search local sites and blogs for write-ups about fantastic free things to do nearby. You might find a charming family farm, a gorgeous waterway, a fun splash pad for the kids or a scenic hiking trail. Or, just spend the day at the closest beach!

Don’t eat out on this day either. Many hotels include a continental breakfast – take full advantage. For lunch, you can picnic on sandwiches. Dinner can be something effortless and delicious that you brought from home or pick up at a local supermarket. Consider packing a travel grill or panini maker for easy meals. You can heat up some hot dogs or burger patties, or bring some baguettes and an assortment of sliced cheeses for fresh paninis. Round off the meal with some pre-sliced veggies.

You’ll be surprised at how much fun you can have without spending a penny!

6.) Save your mega event for the last day

The taste of dessert is what lingers after the meal is through. End your vacation on a sweet note by saving your most exciting event for your last day away.

If you’re unsure of how you’re going to fund your getaway, call, click or stop by [credit union] to ask about taking out a personal loan or joining a vacation club. We want to help you make your dream vacation come true!

Your Turn: How do you save big on summer vacation? Share your best hacks and tips with us in the comments!

SOURCES:
https://www.google.com/amp/www.vogue.com/article/how-to-save-money-on-summer-travel-learnvest/amp

https://www.google.com/amp/www.cbsnews.com/amp/news/5-money-tips-for-savoring-your-summer-vacation/
https://www.google.com/amp/amp.timesfreepress.com/news/business/aroundregion/story/2017/jun/25/how-save-time-work-and-money-your-summer-vaca/434806/
https://www.google.com/search?q=ways+to+save+on+summer+vacation&rlz=1CDGOYI_enUS737US737&oq=saving+on+summer+vaca&aqs=chrome.3.69i57j0l3.11737j0j7&hl=en-US&sourceid=chrome-mobile&ie=UTF-8
https://www.google.com/amp/www.bankrate.com/personal-finance/smart-money/8-last-minute-ways-to-save-for-vacation/%3Famp%3D1