Tag Archives: Save Money

How to Declare Your Independence for Student Financial Aid

By Bruce Watson

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The Bent Tree, Flickr

September is drawing closer, bringing a new school year, along with fresh worries over how to pay the steep cost of college tuition. For students hoping to get loans and scholarships, a lot rides on the Free Application for Federal Student Aid, or FAFSA. The Department of Education, state governments, and individual colleges use the form to determine what kinds of loans, grants, scholarships, and work-study opportunities a student can receive.

When it comes to funding college, the question of parental contribution can be a big snag. Based on assets and income, the FAFSA determines how much parents can be expected to spend putting their child through college. Of course, that assessment assumes that parents are ready, willing and able to give their children money to help with school, but — as many students have found — there can be a huge gap between the amount of money that a parent “can” give on paper and the amount of money that he or she is willing to part with.

For students facing problems with parental contributions, declaring financial independence is the holy grail: if a student can financially separate from his or her parents, their assets won’t be factored into the tuition equation. For most students — Lindsay Lohan being a likely exception — this would likely drop their apparent wealth significantly, increasing their eligibility for loans and grants.

Limited Options

Unfortunately, most of the grounds under which a young person can be granted financial independence — including being at least 24 years old, being in graduate school, being an orphan or ward of the state, being a military veteran, being homeless, having dependents, or being an emancipated minor — are nonnegotiable, and a student can’t do much to change his or her status.

Other options — like being in the military, being married, or being homeless — are more open to individual action, but would require a serious, long-term commitment and should not be entered into lightly. To put it mildly, joining the military, having a child, or getting married are big decisions, and shouldn’t be undertaken solely for the purpose of getting student loans.

(That having been said, when I was growing up, I knew parents who had gotten married or even had children in order to avoid deployment to Vietnam. Given the high cost of college, and the amazing impact that a college degree could have on future earnings, I’m not sure I can automatically discount the wisdom of marrying one’s high school sweetheart as a strategy for getting student aid.)

How Unusual Is Your Situation?

There is also one method for which the requirements are not so well-defined: a college financial aid administrator can make a documented determination of independence by reason of “other unusual circumstances.” But, while this …read more

Source: FULL ARTICLE at DailyFinance

Making Summer Pay: How to Put Your Kids to Work

By Bruce Watson

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In addition to sun, fun and sand, summer brings a lot of extra costs. Many of them come from taking care of your kids now that school’s out. Even if you don’t have to shell out for daycare or high-priced summer camps, for every hour that your kids are in the house, you’re probably spending extra money on air conditioning, electricity and food.

So how can you trim the high cost of summer? One answer is to let your kids help. Whether they’re learning how to write computer code, working a part-time job at the mall, or just weeding your garden, active kids are more likely to save you money. And it’s good for them, too: Just because they’re not in school doesn’t mean that they can’t use their time to learn about budgeting, personal finances, and the value of hard work.

Here are a few of our favorite ways to turn your teens into money machines.

Give them a jump start on college courses. College is expensive, and anything that you can do to cut down the time that your child spends at a four-year university translates into cash savings. With that in mind, you can get a great return on investment on summer classes at an inexpensive community college. While many require students to have a GED or high school diploma before they enroll, some community colleges are willing to make exceptions, depending on the class. For that matter, “massive open online courses” or MOOCs, are free and may help prepare your student for college-level coursework, so they can save on credits down the line.

‘Hire’ them for household projects. Parenting experts argue about whether it’s a good idea to tie allowances to chores. Critics say children shouldn’t expect to get paid for making a contribution to the household, while fans point out that cash can be one heck of a motivator. Regardless of where you stand, it’s worth noting that tasks like cleaning the gutters, painting the deck, mowing the lawn and weeding the flower beds are time-consuming and expensive to outsource. If they’re not inclined toward physical labor, consider cutting a deal for food prep and cooking — not only will it save you time, they’ll learn a few life skills in the bargain.

Send them to computer camp. As anybody who has ever hooked up mom’s printer or defragged dad’s hard drive can attest, one of the best reasons to have kids is to get free tech support. And if they are already going to be stuck with the annoying task of helping their parents, why not help them buff up their talents so they can turn them into marketable skills later? Across the country, coding camps are growing increasingly popular. If you don’t want to spend …read more

Source: FULL ARTICLE at DailyFinance

3 Oil Companies Spending Money to Save Money

By Matt DiLallo, The Motley Fool

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I’m sure you’ve heard it said that you have to spend money to make money. Several companies in the oil and gas industry have a different spin on that phrase, as these companies believe you need to spend money in order to save it. In each case the company is building out its own business unit to save the money it would have spent by contracting with a third party. In doing so, these companies are also building up a hidden asset that one day could be unlocked.

An Oasis of hidden value
The Bakken has created a lot of value for energy investors; however, that value doesn’t come cheap. It’s very expensive to drill in the Bakken, with costs upwards of $10 million per well. To get that cost down, exploration and production companies are exploring all options, including taking well services in-house.

That’s exactly what Oasis Petroleum decided to do when it formed Oasis Well Services. The company made an initial investment of $24 million in equipment, which has been money well spent. The business is exceeding expectations both in terms of performance and savings since completing its first frac job last March. In the past year the business saved the company $17.5 million in capital, and it expects to save about $500,000 per gross well going forward. It also expects to generate about $200,000 per gross well of incremental cash flow from its non-operated partners going forward. This has enabled the company to already recoup its initial investment in the business.

Indispensable value
One of the key environmental issues of fracking is disposing of the water after it’s been used. However, because of the rapid production growth in many new plays, this disposal infrastructure simply doesn’t exist. Instead of hiring a company like frack-water treatment specialist Heckmann to truck the produced water away, some companies are simply building their own disposal systems.

In the Mississippi Lime, top driller SandRidge Energy has already invested half a billion dollars on its own saltwater disposal system. The company has 116 active disposal wells and has laid 700 miles of pipeline. This has cut the percentage of produced water trucked from 6% early last year to under 2% by the second half. Overall, the system is saving the company $2 per barrel of water when compared with trucking it. This savings is yielding a very quick payback for SandRidge.

Cutting out the middleman
One of the more common money-saving investments an oil and gas company will make is in building out a midstream system to enhance its operations and profits. Lately, though, that trend has been reversed, as we’ve seen a large exodus of these operations, with midstream MLP IPOs a hot commodity. One company that still does have its midstream operations is Devon Energy .

With ownership of 16,000 miles of pipeline and 62 processing plants in both the U.S. and Canada, Devon’s midstream operations are impressive.

Source: FULL ARTICLE at DailyFinance

Old-Fashioned Saving Tricks That Still Work

By Molly McCluskey

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Alamy

The old adage “a penny saved is a penny earned” calls to mind a time when cash truly was king, when pennies had purchasing power and savings were stored in boxes under beds.

But in today’s more sophisticated world of apps, points and credit, maintaining a connection to pennies earned — and other old-school approaches to spending and saving — might not be such a bad idea.

Here are some ways to reintroduce some of those old-fashioned money management techniques into your financial repertoire. While no one would recommend stashing savings under a mattress or issuing I.O.U.s for groceries, adopting some tried-and-true tactics for financial management might be just the ticket to thriving in the modern world.

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From: http://www.dailyfinance.com/2013/04/16/old-fashioned-money-saving-tricks/

Want Fast, Cheap, Healthy Food? Try Your Local Asian Market

By Bruce Watson

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Alamy

See if this sounds familiar. It’s 5:30, getting close to dinner time, and you’re monumentally uninspired. You don’t have the time or energy to cook a big meal, and the idea of eating another pizza turns your stomach. You could always go the convenience food route — mac and cheese is quick, and pot pies are easy — but you’re worried about the mess of unfamiliar chemicals and unpronounceable additives that seem to fill the frozen food section of your supermarket.

If you find yourself caught between a rock and a hard place — or, more accurately, the freezer section and takeout — there may be another solution: your local Asian market. In addition to bottles of soy sauce and bags of rice, most Asian markets have a solid selection of low-priced convenience foods that are more flavorful, more interesting, and healthier than many mainstream offerings. As an added plus, unlike American convenience foods, which often sport a long, confusing list of unpronounceable chemicals and additives, Asian convenience foods are often a bit easier to figure out.

This isn’t to say that Asian convenience foods are completely healthy. Like their American counterparts, they tend to be very high in sodium. What’s more, some labels are only printed in non-English languages, which means that you may be flying blind when you pull something off the shelves. But with low prices and hundreds of intriguing options, chances are good that you’ll find something you like.

Here are a few of my favorites:

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Bruce Watson is DailyFinance’s Savings editor. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him on Twitter at @bruce1971.

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From: http://www.dailyfinance.com/2013/04/15/asian-markets-fast-cheap-healthy/

10 Ways to Eat Green and Save Money

By Siobhan Adcock April is Earth Month, but for many food-lovers, that doesn’t necessarily mean making radical changes in the kitchen. Eating locally, seasonally, and sustainably has long been a rallying cry in the food community, since knowing your food and where it comes from is good for people, for farmers, and for the Earth. But one common objection to sustainable eating is that eating “green” or “organic” is expensive (we’ve all heard the one about how Whole Foods should be called Whole Paycheck). And it’s a sad and sobering truth that in all too many communities in America, healthy whole foods are difficult to obtain, and often come at a price that’s higher than unhealthy convenience foods. For many, the challenge is to find a way to eat sustainably and affordably. So we talked to Nature Conservancy expert Sarene Marshall about eating green on a budget in honor of Earth Month. Her inspiring, affordable, and doable suggestions: Eat less meat. Marshall says, “The amount of land, water and fossil fuels that go into producing meat, especially beef, is astonishing, and that’s partly reflected in the price. I always have sticker-shock when I see the price of steak on a menu or in the grocery store.” Try swapping in beans and mushrooms for cost-conscious, tasty, and filling protein alternatives. Grow your own produce. “Carbon pricing in the coming decades is likely to change the cost of eating out-of-season foods flown from far corners of the globe,” Marshall says. “We don’t realize it’s not normal to have grapes or blueberries in the grocery store in January. A statistic that has always struck me is that, during World War II, America grew almost half of its fresh produce in community gardens.” She points out that herbs in particular are expensive and highly perishable and easy to grow at home, even if you only have a windowsill or balcony for a few pots. “If you have a tad more space, focus on growing highly perishable items that come at a high economic or environmental cost when grown commercially, like salad greens and tomatoes.” Pick your own. “Since you provide the labor and transportation and skip the middlemen, pick-your-own prices are often lower,” Marshall says. “Our family picks fruit at least three times a year, and we can enjoy the delicious fruits of our labor for weeks or months afterwards,” especially with clever storage and freezing, which brings her to… Freeze, store, and save. Extend the lifespan of produce and get more for your money by employing Marshall’s smart storing and freezing strategies. “Reusable, air-tight containers for the fridge and pantry are an investment that will pay dividends for years. Freeze food to extend its life but do it in user-friendly ways: flash-freeze items on a cookie sheet so you don’t end up with a solid mass of berries or cutlets that takes forever to defrost. Label leftovers, since ‘Unidentified Frozen Objects‘ are likely to end up in the trash. I use bright labels so everyone knows…<div

From: http://feedproxy.google.com/~r/epicurious/epiblog/~3/JsQeAHEU1zE/10-ways-to-eat-green-and-save-money.html

Sequestration Stories: How Are Spending Cuts Affecting You?

By Bruce Watson

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Andrew Harrer/Bloomberg via Getty ImagesAir traffic controller specialist Mamie Ambrose worked at the Frederick Municipal Airport control tower in Frederick Maryland prior to its shutdown. The U.S. closed 149 air-traffic control towers run by contractors at small and mid-sized airports on April 7 as a result of sequestration.

It’s been just over a month since the automatic federal spending cuts — better known as “sequestration” — kicked in. In that time, most public discussion has focused on the whether or not the spending cuts will actually make a difference. After all, skeptics have argued, the cuts “only” account for 0.5 percent of GDP. Their effect will be minor, these pundits have claimed, slicing less than 7 percent from the Pentagon, 2 percent from Medicare, and so on.

On those rare occasions in the last month when sequestration had an immediately noticeable effect — when the White House canceled tours, for example, or when the National Park Service closed campgrounds — critics have argued that these cuts were largely enacted for PR value, and that the federal government, if it wished, could actually have avoided them.

But the cuts are expanding, and, to paraphrase MTV’s The Real World, this is where they stop being polite and start getting real. That 2 percent Medicare cut, for example, started to have a major effect last week when, as The Washington Post‘s Sarah Kliff noted, cancer clinics across the country had to turn away patients because they could no longer afford to give them medicine.

The Medicare problem was caused by a shortsight over which portion of the program was being cut. Medications are usually covered under Medicare Part D, which wasn’t affected by sequestration cuts. Unfortunately, however, the cancer meds in question must be administered by a doctor, which puts them under Part B — which was affected by sequestration.

For many cancer patients, the Medicare problem can be dealt with by getting their medications at hospitals rather than at smaller clinics. In a larger context, however, the Medicare cancer problem is a canary in a mine, an early indication of some of the looming problems that are likely to develop if sequestration remains in effect.

Other effects have started to creep up. Health care providers have been laid off around the country. So have teachers and child care workers. People who work for the military, even indirectly, are having to dust off their resumes, and the unemployment benefits that many are counting on are starting to dry up. And this only scratches the tip of the iceberg.

So, how has sequestration affected you? Have any of your local services had to cut back on hours or have you faced a furlough from your job …read more

Source: FULL ARTICLE at DailyFinance

The Best Way to Watch Movies Without Paying a Fortune

By Bruce Watson

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Getty Images

About two years ago, I decided to leave Netflix. There were a lot of reasons, but the big one was their decision to split their streaming video and their DVD service. My daughter, who was addicted to “Phineas and Ferb,” was foursquare in favor of the streaming service. I, on the other hand, was unimpressed with the offerings but liked the DVDs by mail.

Keeping both streaming and DVDs, unfortunately, would have doubled our monthly Netflix bill. Add in the fact that the streaming in our building was insanely slow, and the upshot was that my wife and I decided that we could come up with about a billion better ways to spend our money — and at least three or four better ways to watch movies and TV shows.

The first thing we did was sign up for Amazon Prime. For $79 per year — about $5 per year less than Netflix’s basic streaming service — it lets users stream unlimited movies and TV shows. Beyond that, though, it also includes free two-day shipping on Amazon orders and allows users to borrow Kindle books for no additional cost. Perhaps most important, Amazon’s streaming service offers every “Phineas and Ferb” episode at speeds a lot faster than Netflix (at least in our apartment).

Streaming is all well and good, but what about the films I wanted to watch that aren’t available through either Amazon or Netflix? After a search of the available options, I decided to go with Blockbuster, which has a DVD delivery service that is roughly comparable to what Netflix used to offer. The difference is that it costs $10 per month — about $2 more than Netflix used to charge — and only gives me one DVD at a time. On the other hand, the selection is incredible, the service is convenient, and I haven’t had any problems.

Of course, Netflix will still mail you DVDs. The only problem is, you have to get the streaming service as well, and the two combined services would run me $16 per month. Put in context, that’s a little bit less than my total monthly payment for Amazon Prime and Blockbuster. And Netflix doesn’t give me free shipping on Amazon orders or free loans of Kindle books. With those two options, I estimate that Amazon Prime is saving my wife and me at least $10 per month.

There are trade-offs, of course. We can’t watch Netflix’s original series House of Cards, which I’m told is brilliant. And, when Netflix releases its new episodes of Arrested Development, we won’t be able to watch them, either. If they ever come out on video, perhaps we’ll get them from Amazon — along with free second-day shipping.

Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him …read more

Source: FULL ARTICLE at DailyFinance

AOL Readers' Secret for Buying Electric Cars: Don't!

By Bruce Watson

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Rick Diamond/Getty Images for NPG

A little while back, I asked DailyFinance’s readers for their stories about buying vs. leasing cars. While many of their responses focused on fairly common concerns — financing, mileage, long-term value, and so forth — another trend quickly emerged. Many readers were traditionally car buyers, but switched to leasing because of another consideration entirely: rapid changes in technology. Several readers offered suggestions of ways to get the best technology — and the best price — through a lease

Stable vs. Unstable Technology

While nobody wants to get stuck with an outmoded car, the danger of driving last year’s technology is increased when it comes to electric vehicles. With improvements in batteries and electrics constantly on the horizon, there is a very real possibility that this year’s technological marvel will be next year’s Betamax on wheels.

This concern definitely played a large part in “Mary’s” decision to go with a lease. She wrote that “We always bought our cars new,” but that she switched to leasing when got her electric Nissan Leaf. “Electric car technology is changing and so fast that we didn’t want to be tied to soon-to-be-obsolete technology for the long term,” she wrote. She has a three-year lease, and expects electric car technology to be “greatly improved” by the time it runs out. Next time around, though, plans to buy a hybrid crossover, based on the idea that the technology is “stable” and less likely to change as rapidly.

Getting Help From Car Companies

Future shock is nothing new when it comes to consumer purchases: Apple, for example, often finds itself on the sharp end of furious screeds about their incredibly short product cycle, which takes roughly six months to transform the hot new thing into an outmoded dinosaur. But, unlike Apple, car companies often have a hard time selling their unique value proposition. Put another way, electric car manufacturers can’t rely on customer loyalty; they need to find some way to help car buyers overcome their worries.

It’s not surprising, then, that so many car companies seem to be working around this technology concern. As “DElia3630” notes, she got a special deal on her electric car: “The deal was a special factory lease with a low out of pocket expense and a low monthly payment.” Like Mary, DElia is wary of getting stuck with outdated technology. On the other hand, if electric car technology proves relatively stable, she explains, “I can buy the car at the end of the lease and take advantage of its popularity.”

Gas Prices: The Real Payoff

“John” also got a good deal on a Nissan Leaf lease. Because of a friend, he was able to get his car at $1,000 below invoice, and an added $7,500 government tax incentive helped seal the deal. The …read more

Source: FULL ARTICLE at DailyFinance

Booz Allen Hamilton Recognizes National Public Health Awareness Week

By Business Wirevia The Motley Fool

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Booz Allen Hamilton Recognizes National Public Health Awareness Week

MCLEAN, Va.–(BUSINESS WIRE)– Booz Allen Hamilton today announced its support and promotion of National Public Health Week from April 1-7, 2013. The awareness week, organized by the American Public Health Association (APHA), highlights the importance of supporting public health systems and calls attention to the health issues affecting our nation.

The continued rise of health care costs and the burden of health issues on communities places an even greater focus on the return on investment (ROI) from supporting a strong public health system. This year’s awareness week theme is “Public Health is ROI: Save Lives, Save Money” and hundreds of organizations are contributing to the conversation around advancements in public health and the future of our nation’s health.

A new infographic designed by Booz Allen illustrates the impact of public health and advancements and potential of future investments. The infographic tells the story of the economic and social impact of chronic disease and the ROI from investing in public health:

  • Chronic diseases cause seven in 10 deaths in the United States.
  • Each year, chronic diseases such as heart disease, stroke, cancer, and diabetes account for about 75% of the $2.2 trillion spent on medical care.
  • Investing just $10 per person each year in community-based public health efforts could save the nation more than $16 billion within five years.

Click to tweet: Booz Allen Infographic – Investing in Public Health

Booz Allen is committed to supporting increased awareness of public health challenges and the solutions that can save lives and contribute to healthier communities,” said Susan Penfield, Booz Allen Executive Vice President and lead for Booz Allen‘s health business. “We are using our capabilities in informatics, health analytics, cloud computing, and communications to support our clients’ missions to improve preventive care and identify efficiencies in public health systems.”

Penfield described one example where Booz Allen teamed with Mercy Hospital System to find out whether analysis of past medical records could help manage dangerous, hard-to-treat infections.

“Based on our research, Mercy instituted new medical protocols with immediate impact,” Penfield said. “In the first 9 months, mortality rates for severe cases of sepsis were cut in half and mortality rates for patients with septic shock dropped by 30 percent.”

Grant McLaughlin, Booz Allen …read more

Source: FULL ARTICLE at DailyFinance

Best Apps to Manage Your Money

By CNNMoney

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Money magazine has served up a bounty of mobile apps to help you save more and budget better. Let’s take a look at their top recommendations:

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Source: FULL ARTICLE at DailyFinance

Bibliophiles Rejoice: BookBub Helps Readers Find the Best e-Book Deals

By Bruce Watson

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Stephen Yang/ Bloomberg News

There’s nothing like a good bookstore. Curling up in the stacks, a pile of potential purchases surrounding you, flipping through a few pages here, a few pages there, following your interests wherever they may go. How relaxing, how enjoyable, how…1997.

Last year, e-book sales outpaced hardcovers for the first time — a development that, not surprisingly, has paralleled the decline of brick-and-mortar booksellers. But, while the e-book revolution (and, to a greater extent, the Amazon revolution) has increased the convenience and cut the costs of book buying, it has also erased some of the pleasures that once accompanied bookstore shopping. Gone are the surprises — the sudden discovery of a great new author or the wondrous delight of a deeply discounted book that you’ve always wanted.

Recreating the Bookstore…Online

A few companies have tried to imitate the joy of bookstore discovery. The goal — helping readers to find new authors, as well as discount books — is ultimately helpful to publishers as well as readers. After all, wondrous discoveries lead to wondrous sales. Even if those books are discounted, there still is a lot of money to be made, especially on e-books, which are much cheaper to produce and distribute than traditional “dead tree” hard copies of books.

For Kindle users — including me — Amazon’s deals have long been the standard for the e-bookstore experience. Between their monthly specials, which spotlight 100 deeply discounted books, and their daily deals, which focus on four specials every day, a Kindle user can expect a consistent trickle of book bargains.

Other content companies, like Apple and Barnes and Noble offer similar services.

But for a real book junkie — again, like me — an online bookseller that only spotlights a couple hundred discounted books per month isn’t nearly enough. Put in terms of the traditional bookstore experience, this would be roughly comparable to going to the “cheap deals” section of a bookstore, only to find that it consists of one shelf that is sparsely filled with bad mystery novels and self-help books.

Another Model

Josh Schanker, a Boston-based digital entrepreneur, thinks that he might have the solution. Like the DailyDeal, his company, BookBub, sends out a free daily e-mail that highlights deeply discounted books. However, unlike Amazon’s service, BookBub offers bargains for users across all major reader platforms, including the iPad, the Kindle, the Sony reader and the Nook. More importantly, though, it allows users to select books across 17 different genres — far more than the four offerings that come in each Daily Deal e-mail.

Finding books to promote is easy: publishers and independent writers pay BookBub to spotlight their publications. In fact, the difficult part is sorting through the requests: Schanker estimates that BookBub receives at least 50 submissions per day. “We …read more
Source: FULL ARTICLE at DailyFinance

Question of the Week: What's Your Favorite Way to Watch Movies?

By Bruce Watson

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Alamy

It seems like Netflix is rarely out of the news these days. Only a few months ago, analysts were ringing a death knell for the video service, citing overly quick growth, increased competition, rising costs, and a host of other problems. On Tuesday, though, the company managed to fight its way to the top of the S&P 500, suggesting that, for the time being at least, Netflix isn’t going anywhere.

In fact, most Netflix stories these days are incredibly rosy, focusing on the company’s increased slate of original programming, its partnerships with some of Hollywood’s top talent, and its expansion into the cloud. The company’s battles with its subscribers — which threatened to tank the company a few years ago — even seem to have evaporated.

Sponsored Linksadsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv=’ads.tw.adsonar.com’;

But is Netflix the best bet for watching movies and TV shows? To answer the question, we’ve decided to ask you — our readers — for your thoughts. What are your experiences with DVD rentals and streaming video? Do you have any great money saving stories to tell? What about horror stories? Do you use Netflix, or are you weighing the alternatives? We’d like to know.

Please let us know your thoughts in the comments below; alternately, you can e-mail me at bruce.watson@teamaol.com, or send me a tweet at @bruce1971.

Thanks for your thoughts!

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Source: FULL ARTICLE at DailyFinance

Monday Memo: This Week on the Saving Channel

By Bruce Watson

Filed under: ,

AlamyHaving trouble finding e-books to cozy up to? On Tuesday we’ll profile a company that will make searching for great book finds easier.

As part of the new and improved DailyFinance, we’re launching a new Saving Channel — and a different way at looking at saving money. Rather than focusing on the grim business of pinching pennies, we’re focusing on the things you gain — things like extra cash for the life events that matter and greater security for the unknown challenges that lie ahead.

As part of this change, we’re launching a new feature: the Monday Memo. A preview of a few of our major stories for the week, the memo will give you an idea of what to expect, and a way for you to tell us what you want. It will also contain a weekly question, in which we ask you for your opinion on a major spending issue.

For this week, the question is: What is your favorite video or movie service? Do you use Hulu, Netflix, Blockbuster, or some other resource or network? Let us know your thoughts in the comments section below; alternately, you can send me an e-mail at bruce.watson@teamaol.com or a tweet at @bruce1971.

And on to this week’s specials:

Monday:
Forget pre-Easter sales and specials — the best time to get deals on chocolate is today! We’ll give you some suggestions on the best candy to buy, the right way to store it, and how to deal with chocolate that’s gone over the hill.

Tuesday:
Love e-books but miss the thrill of discovery in a bookstore? We’re profiling a company that will change the way you buy your books — and cut your costs in the bargain.

Wednesday:
Thinking about buying an electric car? DailyFinance readers offer their suggestions for the best way to save money — and stay ahead of the technology curve.

Thursday:
Can’t decide on the best way to watch videos and TV shows? We look at the choices and assess the costs.

Friday:
Getting tired of dealing with high bank fees and low services? We give you the lowdown on another option.

Those are a few of the money-saving topics we’re going to explore this week. If you have any questions or suggestions, ideas or requests, drop me a line!

Bruce Watson is DailyFinance’s Saving Editor. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him on Twitter at @bruce1971.

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Source: FULL ARTICLE at DailyFinance

Sweet Deals: Save on Post-Easter Chocolate — and Make It Last

By Bruce Watson

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Alamy

In some ways, America seems to operate on a chocolate calendar, a holiday schedule that ensures that candy junkies are never more than a few months away from their next big fix — and the next big excuse for novelty confections. From late September to late October, Halloween dominates the shelves, ultimately giving its real estate up for Christmas chocolates, which themselves give way to Valentine’s Day treats. Then, of course, there’s Easter and, to a lesser extent, Mother’s Day, after which the holiday cycle takes a short break for bathing suit season.

We’re about to enter the down cycle in the chocolate calendar, the long, empty space between spring’s chocolate bunnies and fall’s chocolate pumpkins. But the post-Easter lull also carries a bright side: starting today, all the leftover Easter candy is on a sharp markdown. And if you can resist the siren song of stale Peeps and jelly beans, it’s a great time to stock up on discount chocolate.

To help you on your quest for provisions to get you through the summer, we’ve come up with a few tips for your post-Easter chocolate frenzy. From picking your candy, to storing it, to rehabilitating it, here is everything you need to know to keep yourself knee-deep in cacao from now till October!

Picking the Best Chocolate

When people are trying to pick the best chocolate, they stick with premium brands — after all, it’s hard to go wrong with Godiva, Perugina, or Green & Black. The trouble is that the best chocolates are also the first ones off the shelf — and the last ones to be discounted.

Another reliable method is looking at the label. Good chocolate should only have a handful of ingredients: cocoa liquor (also known as cocoa mass, chocolate liquor, cocoa, or chocolate), sugar, cocoa butter, vanilla and soy lecithin (or some other emulsifier). In general, these ingredients should be as natural as possible: If your chocolate has a fat other than cocoa butter, for example, the flavor will suffer. Similarly, artificial vanilla, artificial sugars, and other additives will bring down the quality.

Storage Tips

Picking the best chocolate is only worthwhile if you’re also going to store it well. Chocolate should be kept in a warm (65 – 70 degrees F) area, out of direct sunlight and away from moisture. Generally speaking, it’s not a great idea to keep chocolate in the fridge or freezer, as it can suffer from humidity and pick up bad flavors.

Restoring Your Chocolate

If chocolate is subjected to extremes of heat and cold, it may develop a grayish or whitish patina. This is called fat bloom or chocolate bloom, and is caused by fat or sugar migrating to the surface of the chocolate. Storing chocolate in a place with a consistent, moderate temperature should help keep chocolate bloom …read more
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Should You Buy Your Car or Lease It? Readers Weigh In

By Bruce Watson

In this June 23, 2011 photo, Jodi Thomas, a sales and leasing consultant at the Big Two Toyota Scion of Chandler car dealership, takes notes on new car arrivals, in Chandler, Ariz. Lower gasoline prices should help consumers spend more. And a resumption of Japanese supply production should let U.S. factories resume normal output. A brighter picture has already emerged: Companies ordered more factory goods in May. (AP Photo/Ross D. Franklin)

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Ross D. Franklin, AP

The debate over whether it’s better to buy or lease a car is nothing new: Salesmen and experts, consumer advocates and finance writers have argued over the merits of leasing for decades. But between the still-shaky job market and Americans’ stagnant wages, the question of whether it’s better to own your rolling iron or rent it has taken on an additional urgency.

To get a better feel for the costs and benefits of leasing versus buying, we asked DailyFinance’s readers to tell us about their experiences — and you had a lot to say.

Investment

For a lot of car buyers, investment is a big concern — and a complex one. After all, as a car ages, it depreciates in value, particularly during the first few years of ownership. Then you have to add in maintenance costs, which rise as a car gets older, making the vehicle that much more expensive to maintain during a period when it has already become worth far less. To further complicate things, these all tend to happen not so long after most people finish paying off their car loans.

One reader, Jacqueline Price, advocated ownership, noting that, when you buy a car, “At least you have something that is yours after you pay it off.” Not only does this nicely shortcut the issue of buying a lease car at the end of the term, which Jacqueline notes can “costs a fortune,” it has another bright side: “It is nice to look forward to not having a car payment.”

“Redwolf0849” echoes Jacqueline’s concerns, asking “Why put thousands up front to lease a car when you can use it as a deposit on a car you buy?” “Joe” offers a similar perspective, noting that “I have learned over the years that the most economical way to get around is to buy a high quality new car, take care of it, and keep it until it won’t run anymore.” That way, he claims, “You get the new car experience, beat the new car depreciation curve and you know what has and has not been done to the car.”

But the investment issue can cut both ways. One reader, “Virginia,” argues that the question is whether it’s wiser to “invest $20,000 or more in an asset that depreciates in value, or in an asset that appreciates and generates income.” Noting that all new cars lose some of their value, she goes on to point out that they are often technically inferior. After all, she writes, “safety features are constantly improving each new car year,” and a 10-year-old car lacks “all the improvements in rear mirrors, side air bags, and tire pressure readouts” that have developed over the last decade.

Virginia notes that leasing makes it possible to get a …read more
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JPMorgan Chase Plans to Limit Payday Lenders' Fees

By The Associated Press

jpmorgan chase payday lending fees

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Justin Sullivan/Getty Images

NEW YORK — JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on them.

The bank said it will limit the fees that customers are charged when they overdraft their accounts to make payments to payday lenders.

It will also “enhance communication and require additional training” for employees, to make it easier for customers to stop payments. The bank will also make it easier for customers to close their accounts even when there are pending charges, including payday lender payments.

Payday lenders are a controversial sliver of the financial system. They offer short-term loans, usually targeting the cash-strapped poor. They have high interest rates, making it hard for customers to repay the loans, and the spiral worsens when the payday lenders charge extra fees.

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JPMorgan Chase & Co. (JPM) and other mainstream banks don’t make so-called payday loans. But they do allow the payday lenders access to their customers. The New York Times reported last month that JPMorgan, Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) allow payday lenders to automatically withdraw money from customers’ accounts, even in states where payday lending is banned. In some cases, the Times reported, the banks allow lenders to tap checking accounts even after the customers have begged for a reprieve.

Ryan McInerney, the bank’s head of consumer banking, said in a statement that the bank intended to protect customers from “unfair and aggressive collections practices.”

“Some customers agree to allow payday lenders or other billers to draw funds directly from their accounts, but they may not know some of the aggressive practices that can follow,” he said.

After the Times story last month, CEO Jamie Dimon described his reaction while speaking at the annual investor conference: “This is terrible, we’re going to fix it.”


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Save Money, Stay Healthy: 5 Cheap Things to Help Your Health

By Bruce Watson

Cold and Flu Season

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(Alamy)

Spring’s on its way in, but — if the DailyFinance offices are any indication — we’re not out of the woods yet. For the past few weeks, several writers at AOL’s New York headquarters have been fighting off the last of our winter colds and desperately trying to stay healthy with immune systems that have been ravaged by the last few months of wintry chill.

It’s actually not all that surprising that a cold epidemic seems to be sweeping through New York. With seasonal changes on its way, freezing weather is alternating with periodic bursts of pollen-clogged sunny days, creating a mix that manages to devastate both those with allergies and those who are hovering on the edge of illness. To make things worse, the shift back to daylight savings time translates into a lot of people who are waking up in the dark and trying to deal with circadian rhythms that are now out of whack.

But don’t worry — help is on the way. I’ve put together a list of five items, all of which cost less than five bucks, that can help you get over the last of the winter blahs.

Good luck and keep your fingers crossed for spring!

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Is It Better to Buy or Lease a Car: What's Your Experience?

By Bruce Watson

buy or lease a car

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David Paul Morris/Bloomberg via Getty Images A shopper looks at a car at Stewarts Chevrolet Cadillac in Colma, California, on Jan. 30, 2013.

Across the country, car sales have been steadily gaining ground in 2013. But with more and more consumers starting to consider a new car, a classic question is once again rearing its head: is it better to buy or lease?

In the best of times, the question isn’t easy, and it requires a new car purchaser to weigh lower payments against potential resale value, out-of-pocket repair costs against extended warranties. Now, however, the lease or buy question is being further complicated by the issue of lingering economic instability. Between sequestration, the debt ceiling debate, the issue of rising taxes and falling wages, it’s getting harder and harder to make a long-term economic commitment. And with continued economic crises on the horizon, it doesn’t look like things are getting better any time soon.

So which path is wiser? To answer the question, we’ve decided to ask you — our readers — for your thoughts. What are your experiences with buying and leasing? Do you have any great money saving stories to tell? What about horror stories? Are you considering a new car purchase or lease and weighing the alternatives? We’d like to know!

Please let us know your thoughts in the comments below; alternately, you can e-mail me at bruce.watson@teamaol.com, or send me a Twitter at @bruce1971.

Thanks for your thoughts!

More on AOL Autos: Five Things You Need To Know About Leasing Vs. Buying A Car

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Save Money, Save Your Life: Study Shows Wealthy People Live Longer

By AARP

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By Carole Fleck, AARP

The more money you have, the longer you just might live.

What’s more, there seems to be a widening gap between the life expectancy of Americans at the upper end of the income spectrum and those at the lower end, according to research from the University of Washington and published by the Washington Post.

While life expectancy has risen for the nation – it was 78.5 years in 2009 – research shows that this progress has eluded lower-wage earners.

To illustrate that point, the Post profiled two neighboring counties in Florida: affluent St. Johns County, where retirees tend to live healthy lifestyles that include playing tennis and golf, and Putnam County, where incomes and housing values are about half that of St. Johns’.

Women in tranquil St. Johns County can expect to live to be nearly 83, four years longer than their expectancy some 20 years earlier. For men, it’s 78 years, or six years longer than two decades ago.

In stark contrast, life expectancy has barely inched up for residents in Putnam County over the last 20 years. Women are expected to live one year longer to 78; men’s expectancy grew by a year-and-a-half to 71.

Because of that gap, some public policy experts told the Post that raising the eligibility ages from 65 for Medicare, and from 67 for full Social Security benefits, would result in fewer benefits for lower-income workers who typically die younger.

“People who are shorter-lived tend to make less, which means that if you raise the retirement age, low-income populations would be subsidizing the lives of higher-income people,” Maya Rockeymoore, president and chief executive of Global Policy Solutions, a public policy consultancy, told the Post.

A Social Security Administration study some years back also found that the life expectancy of male workers retiring at 65 had risen six years for those at the top half of the income ladder but only 1.3 years for those at the bottom half over the previous three decades.

Monique Morrissey, an economist at the Economic Policy Institute, told the Post that life expectancy “has increased mainly among the privileged class.” For many, she says, raising the retirement age would amount to a significant benefit cut.

But given the surge of boomers on the verge of retirement, some advocates supportive of raising the retirement age contend that government programs are only sustainable if taxes are raised or benefits are lowered.

Meanwhile, life expectancy also seems to be stagnant for some demographic groups, particularly low-income white women. A study published last week in the journal Health Affairs said that in almost half of the nation’s counties, women younger than 75 are dying at rates higher than before. Women in the rural South and West, with less access to medical care, were hardest hit, the report said.

Photo Credit: Hoda Kotb, …read more
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