Tuesday, September 23, 2008

101 Top Personal Finance Tips - Part 4

Image by Kiki99

Welcome to Part 4 of my Top Personal Finance Tips Series. The other installments can be found at the bottom of this post. To get all of them delivered to your feed reader or inbox, don't forget to subscribe to my RSS feed!

16. Get Health Insurance

Health Insurance can end up saving you buckets of money. For example, I have insurance and after being involved in a pretty nasty accident, I paid $200 of co-pays. I was in the hospital for about four to five hours after being brought in my ambulance and they billed my insurance company over $12,000. If I hadn't had that insurance, I would probably have been responsible for almost all of that. Insurance is a great safety net. 

17. Go Vegetarian

Meat is pricey, and at times unhealthy. Beans are fantastic and inexpensive protein supplements and you can get a lot of iron from greens. Another personal favorite of mine is to use Seitan as a meat substitute. It absorbs marinades wonderfully and is a great substitute in anything, but particularly in things like fajitas. Seitan is just wheat gluten mixed with water or vegetable stock and then boiled and seasoned. It's incredibly cheap. 

18. Snack From Scratch

There are many "convenience" foods that you can make from scratch and often it takes very little time. Popcorn is  fantastic example. Instead of buying microwave packs, just buy the raw popcorn kernels. Put a teaspoon of oil in a pan, add a handful or two of kernels, cover the pan and cook over a low heat. Shake the pan regularly. When you can count to three between pops, they are done. 

19. Ask For a Rent Reduction

If you are a renter, check in with your landlord or property manager to see if your rent can be lowered at all. If you tell them you are considering moving because the rent is too expensive, they may choose to lower it rather than losing you as tenant. 

20. Air Dry Your Dishes

Small as it may seem, opening up the dishwasher right after the rinse cycle and letting the dishes air dry will save energy and money. Even if you don't have the dishes on a dry cycle, them having that time to dry where the little knob is still turning does take some energy. Because your dishes will be warm, they will also dry quite quickly. In the winter, this will also inject a much needed dose of heat into the house.

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