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Old 01-11-2010, 09:27 AM   #21
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We do a lot of garage sales and estate sales and try to find those sales where the people are just giving stuff away (literally) or asking very low prices. We try to find unused or slightly used items with tags still on etc. or just stuff we know we can resell at a profit. Newer books both hard/soft cover if we can get them cheap (buck or less for hard cover, 25c for soft cover) and then trade them in at a used book store for cash or store credit.
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Old 01-11-2010, 06:16 PM   #22
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Recently we switched from Ameritrade to Interactive Brokers to save money on trading fees and margin interest. By switching, we were able to save approx $18,000 per year.
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Old 01-11-2010, 06:26 PM   #23
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Originally Posted by Enuff2Eat View Post
In respond to "What is your best money saving tip?" how about

"What is your best money 'making' tip?". I don't mean making a living but a quick making money tip.

Here is what I did, however, it's NOT the best. Cleaned out the junk in the garage and got $167 for it on Craiglist. It took 6 hrs of work which including taking picts, posting, showing and dealing with emails. Some might not think it's not worth it but it kept DW happy and you know it's priceless when DW happy.

Any idea you want to share?

enuff
Using our CC to purchase everything. Nice cash back card. Pay off the bill monthly. Fairly tame stuff I guess for most of the wise owls on this board. Though I got brownie points for pointing this out to my FIL who is 87. He now uses it purchase everything instead of his debit card. I made sure he was paying it off monthly
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Old 01-11-2010, 07:16 PM   #24
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I've started putting all of the monthly bills on auto bill on a rewards card. Then I just have to pay the charge bill each month, and I have a basic amount for the charge bills on auto pay from the checking. So then if I screw up and forget to pay the charge bill in full each month, the auto pay at least covers the minimum payment each month so I don't pay any late fees.
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Old 01-11-2010, 07:24 PM   #25
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Originally Posted by gomo View Post
Recently we switched from Ameritrade to XXXX Brokers to save money on trading fees and margin interest. By switching, we were able to save approx $18,000 per year.
I think you need a "Your Mileage May Vary" disclaimer there!

I took out the broker's name in case this is an ad for a broker...first post and all. No offense intended if it's not, introduce yourself in a "Hi, I am" post and tell your story.
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Old 01-11-2010, 08:32 PM   #26
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Sadly, the best money making tip for me would be to defer FIRE. The day you quit, you rarely reclaim the human capital you had the day before.
Are you perhaps the grinch who stole ER?
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Old 01-11-2010, 08:37 PM   #27
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If the job does not cause undue stress, it's tough to give it up, then try to make it up on eBay. I am sure I do not make as much per hour as R-i-T, but my part-time work pays more than any other things I know to do. When I am lucky, it is even fun.
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Old 01-11-2010, 09:04 PM   #28
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We go to Jamaica every year and we use the points from our AMEX card to pay for part of the air fare. Sure you pay $45 a year in fees, but we had $300 worth of points in the last year. We use it for lots of things, no interest and you have to pay it off every month. We just make sure we keep track of what we are spending.

My employer also doesn't collect our Southwest rapid rewards so we are signed up and I get about three free flights a year. To get to Jamaica, we fly on Southwest for free to a city with the cheapest airfare we can get to reasonably and then use the points to pay that down even more.

I also get per diem when I travel, not straight expenses. We double up in rooms to cut that cost and eat meals cheaper than our allowance and pocket the money. Its kind of double too as they are paying for your meals when you travel, so you aren't eating at home saving some more money.

Some of that will stop when I retire, but its all good now. I have tthought about taking advantage of some of the previous ideas, like signing up for credit cards for the miles and accounts for the bonus. I know its a minor hassle, but with a job I'm afraid i will lose track and end up costing myself money. When I an retired, however...
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Old 01-11-2010, 09:10 PM   #29
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Originally Posted by gomo View Post
Recently we switched from Ameritrade to Interactive Brokers to save money on trading fees and margin interest. By switching, we were able to save approx $18,000 per year.
I would like to be in that terrible position.
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Old 01-11-2010, 09:39 PM   #30
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We didn't do it but the buying dollar coins with your CC for the points seems right up there. Ours however, was to sign up to a points CC and putting everything on it for the points.
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Old 01-12-2010, 01:36 PM   #31
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I think you need a "Your Mileage May Vary" disclaimer there!

I took out the broker's name in case this is an ad for a broker...first post and all. No offense intended if it's not, introduce yourself in a "Hi, I am" post and tell your story.

Not a problem. You are correct, it was my first post and it did sound like an ad. I hate advertising for things. I just wanted to share an experience used to generate a substantial savings that we reinvest to potentially make more of a return. I will do an intro in "Hi, I am" to explain our situation in more detail.
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Old 01-12-2010, 09:35 PM   #32
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Old 01-20-2010, 01:32 PM   #33
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Anyone know where I can find a list of banks paying to open an account? I can do 7 allotments from my paycheck!
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Old 01-20-2010, 02:57 PM   #34
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I just opened one at BofA for $100. All you have to do is deposit $500 for 3 months and open the account online. Use offer code AOU261209.

I found that at a site called ibankbonus.com. They have a list of many other offers, too.
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Old 01-24-2010, 07:57 AM   #35
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1> I purchased a scooter, 250cc so I could travel higways, and the cost per mile has been 9 vs 23 cents for my car. I use it as much as possible. It has had three effects. My SO drives my Subaru(28mpg), instead of a new expensive van(18mpg), Extending the life of the van. I get 70pmg on the scooter, less gas $. It saves time, 10% vs a car. Finally it gives me pleasure.

The ROI is ~25k miles after that I may sell it and purchase an e-bike(Electric Bike Conversion) and my costs will go down to > 5 cents/mile.

2> I started to make my own tofu and soy milk. I find that I feel allot better and it costs me .90/lb for organic tofu v.s $2.99. I also never have to run out and get milk or meals - I shop allot less as I get the soy beans shipped to me from a Farmer in Michigan!

3> Drop the gym membership and discover the parks and walkways in your area, walk and bike as much as you can.

4> Discover RedBox $1/night and get rid of netflix/blockbuster memberships

5> Purchase a pellet stove to replace heating the house with oil, break even point is $2.20/Home heating oil. I also got a tax credit of $1500 for the stove. I purchase my pellets from Americans!

These are only a few of the things that I have done to save $ while supporting our economy.
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Old 01-24-2010, 07:22 PM   #36
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Some things Americans are learning to live without:

21 Things We're Learning to Live Without - Rick Newman (usnews.com)


Include me as one of those who gave up cable tv and go with free broadcast tv. No regrets here.
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