The FREE Budget Stretcher Newsletter
January 22, 2007



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    The Budget Stretcher
    Week Of: January 22, 2007
    AOL Users Please Visit Online

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    Grandpa Terry's Quips

    Tip #25 - You can't keep managing your money the same way and
    expect different results.

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    ***What's Inside***

    Money Saving Tip
    Subscriber's Tip of the Week
    Coupon Savings
    Grandpa Terry's Update
    Credit Card Information
    Grandpa Terry's Tip of the Week
    Site of the Week
    Grandpa Terry's Email
    This Week's Articles
    Special Recipe - Garlic-Cheese Biscuits
    Everyday Savings from http://www.thefrugalshopper.com

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    Subscriber Tip

    The suggestion was given to me to keep a dryer sheet in your
    pocket to remove static from you hair or your children's hair
    during the winter.

    The dryer sheets really work on baked on food or stove top
    rings to take the caked up grease and grime off. I just soak the
    pan or stovetop rings over night and everything comes off really
    easy.

    I line my oven and rings on my stove with aluminum foil that
    way spills can be cleaned up fast.

    The dryer sheets really do a great job when it is dusting time
    and for picking up cat hair off furniture. Just don't use them
    on glass tables when you dust. It is really hard to get the film
    off once you have rubbed the table with the dryer sheet.

    I have started putting my bell peppers and onions in my food
    processor and cutting them up. Then I drop them off in a Ziploc
    freezer bag and just take out what I need.

    I keep a separate file (taxes, donations, utilities, insurance,
    doctor bills, prescription bills....etc)for each area I need for
    my income tax then at the end of they year I just check each
    file and write my total down. This will really come in handy
    this year because my wallet was stolen in November and my check
    register was in in there. If I would not have kept these files I
    would have nothing to go on.

    Sandra

    All you have to do is submit a "Subscriber Tip" and if it
    appears in The Budget Stretcher you will get your choice of
    either The Complete Budget and Bill Organizer Download or 10 of
    my Budget and Credit Card Calculating Forms.

    Please use the form available at:


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    Coupon Savings
    by Michelle Jones


    While Michelle is busy taking care of her Mom, please visit the below
    link to find some great Coupon Tips:

    http://www.grocerysavingtips.com/tips/grocerycoupons.htm

    Save hundreds of dollars on your groceries each month, with or
    without using coupons! Read more of Michelle's FREE grocery

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    Grandpa Terry's Update

    (Quote - "Do It Now Before Your Future Becomes Your Past")

    I want to personally welcome you to this week's newsletter. If
    you are a new subscriber all you have to do is just sit back,
    read and enjoy.

    Ken, a good friend of mine, sent a web site that you music lovers
    might enjoy.  Here is the link:


    For you stateside folks that will be filing your taxes soon
    please pay attention to "Grandpa Terry's Email".  You will
    learn how you can get more of your money back with a tax credit
    for the federal excise taxes you have paid on your phone bill
    over the years.

    Believe it or not, I just got in to Online Banking.  I guess
    sitting down and writing out the checks became such a habit that
    it took a while for me to feel comfortable doing it online.

    I have several of my bills set up so that I can just enter the
    amount and click.  These are usually deducted from my checking
    account within 24 hours.  I also like being able to see my
    statement anytime instead of waiting for the paper version.

    If you are a little slow at tackling this new technology like
    I am, I would highly recommend that you check into online
    banking.  I feel it gives you the ability to track your
    account more closely and possibly avoid bounced checks or late
    payments. (Yes, I know online banking has been around for years
    but I'm old and it still seems new to me!)

    I'm going to be changing the Budget Stretcher web site over the
    next few months.  I'm hoping that I can make it more "user
    friendly" and hopefully more popular.

    I've been looking for a Slogan for Budget Stretcher that fits
    the site but everything I come up with just doesn't sound right.

    So, very soon I am going to be running a contest where you folks
    can submit your suggested slogans and win a prize.  I'll
    announce the contest within the next few weeks.

    That's all for now. Remember, I really enjoy hearing from you
    folks. If you have any comments, complaints, suggestions or just
    want to say Hi, please send me an email to

    If you know someone that may be interested in subscribing to
    our newsletter just have them visit:


    All the best,
    Grandpa Terry

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    Credit Card Information

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    Grandpa Terry's Tip of the Week

    Are You An Impulse Buyer?
    By Terry Rigg

    Impulse buying is simply defined as making an unplanned
    purchase. This can be an extra pack of cookies when grocery
    shopping or buying a car on a whim. Most of us are guilty of
    this at one time or another. Even though the term is simple, it
    probably accounts for the majority of money problems family's
    have.

    Planning a purchase of any kind is absolutely necessary if you
    intend to use your money wisely. That extra pack of cookies I
    mentioned isn't going to break your budget, but with the prices
    of groceries today, it doesn't take too many items to put a dent
    in your grocery allowance. However, buying a car without prior
    planning can get very expensive. Besides the obvious things like
    finding the best purchase price and interest rate, down payment,
    money for taxes and license, etc., you need time to decide which
    car is right for your family.

    The below list of tips may help prevent impulse buying:

    If you see something you like, leave the store without it. Go
    home and look at your budget. Then if you feel you can afford
    it, go back. In addition, this will give you time to think about
    whether you really need it.

    Always go to the grocery store or dollar store with a list. Buy
    just what is on your list. If you see items you would like to
    have, make a note to put them on your list for your next trip.

    Always consider the entire price of an item before buying. In
    my state, if you buy a car that costs $20, 000, you have to pay
    about 7% in sales taxes within 30 days of the purchase. That
    $1400 may not be that easy to come up with.

    I know that the above ideas takes all the fun out of spending
    your money. Planning and budgeting are about as dull as watching
    grass grow. However, a family that budgets their money and plans
    purchases, will no doubt be able to make more purchases and feel
    much better about it.

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    Site of the Week

    Compute Your Payroll Taxes

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    Grandpa Terry's Email

    Regarding the posting from Nan in Pgh about her cat loving the
    smell of Ben Gay. I can sympathize because my previous dog
    started out loving to eat mint candy but mainly gum. I didn't
    see any harm in occasionally giving her 1/4 stick of gum which
    she'd chew then swallow. No ill effects that I found. BUT, she
    really went nuts if I was sucking on a Halls Mentholiptus cough
    drop. She'd jump on my chest and scratch my mouth to get me to
    release it to her -- many times I had to or get clawed to death.
    Again, she ate them with no ill effects. Strange but true, as
    you know from your own experience.

    Val in Illinois

    --------

    Hi Terry,

    This is concerning the article about Wal-Marts 4-dollar
    prescriptions.

    I am a medical transcriptionist and often use websites
    concerning drugs. Of course consumers can just put in the name
    of the name brand drug in "Google" and that drug website will
    come up with all the information you would need on that
    particular drug. Such as typing in Levaquin in goodle would
    bring you to this site http://www.levaquin.com/default.html --
    which in turn would tell you everything including the generic
    name -- although have to say that even though they have generic
    names does not mean that generics are being made of a particular
    drug as of yet -- so your best bet would be to call a pharmacist
    for that information.

    This next site is one that I use more than any other:
    http://rxlist.com/ If you just want to learn about any drug put
    it in the search and you can get informed about what you are
    taking. Also this site offers a way to look for a drug even if
    you don't actually know the complete spelling. Say you only know
    it starts with Lev -- you would type in Lev* and the star symbol
    and click go list and it will bring up with a list of drugs that
    begin with Lev. By the same token, if you only know the ending
    of the drug -- you would type *quin and it will bring up drugs
    that contain "quin." This site is invaluable to me in my work as
    a transcriptionist.

    bring up many, many different resources investigating the
    different kinds of drugs.

    Hope this helps the readers.

    Ava

    --------

    Hello ,Terry

    You may already know about this but I wanted to make sure,
    would not want to miss out on this easy tax credit.

    Thanks
    Jacob

    Editor's Note:  This information is very long so I have added
    the links that were provided.  Thanks Jacob!


    --------

    Hi,

    My name is Amber and I live in Cincinnati Ohio.

    I just wanted to drop a little bug in your ear. Sometimes other
    pharmacies will match competitors pricing... even this 4 dollar
    promotion!. If you have a good relationship with your pharmacist
    and or the pharmacy has a matching competitors pricing policy
    you can get this same deal at pharmacies other than Wal Mart. A
    friend of mine has already done this with 10 of her families
    prescriptions at one of our local CVS stores.

    Moral of the story?  It never hurts to ask! All they can say is
    no or YES.

    Blessings to you.
    Amber
    Cincinnati, Ohio

    --------

    Hi Grandpa Terry,

    Here's a tip that is saving me oodles of money on cleaning
    products!! White Vinegar!! That's right, this stuff is great!
    Use it full strength on the kitchen counter, windows, sinks,
    facet in the kitchen or bathroom. If the fragrance is too much
    for you, you can also dilute it. We also use it to clean our eye
    glasses. It's great on hard water spots too!! You can also add
    1/4 cup to your wash to make them brighter and the whites
    whiter!!! It's a great 'all purpose' cleaner and costs so
    little, is non toxic, and harmless if swallowed by a little
    person!!!!! Safe, easy to use, and costs so little!!!! How can
    you go wrong?????

    Eilish

    --------

    Another good time is the one time federal excise tax credit in
    2006 rebates tax overpayment on phone bills.

    Many people do not know about this.

    There is an excellent article on this at:

    Thanks.  MC

    --------

    Hi Grandpa Terry:

    I enjoy the newsletter and always receive helpful tips and
    advice from you. Thanks.

    Here is my question....

    If you received an unexpected windfall of money, like $5000.00
    what is the best thing to do given the following scenario?

    You have a mortgage, car payment, credit card debt, and very
    little in a savings - such as bank account, RRSP or investment.
    You are up to date with your payments and are paying more than
    the minimum payment on your Credit cards so you are slowly
    getting ahead. Your savings has very little available if a
    crisis arises, however, your credit rating is the best. What is
    best way to use the $$$ received?

    1 - Save it (in either bank account, term investment or RRSP)?

    2 - Pay mortgage?

    3 - Pay car loan?

    4 - Pay credit card debt?

    5 - Other?

    I look forward to your response. Thanks a lot.

    Indigoblu

    My Response:

    Hi Indigoblu,

    My recommendation is always to pay off your debt and eliminate
    the interest you are paying.

    Given the below scenario I would deposit an amount you are
    comfortable with into an interest bearing checking or savings
    account for your crisis fund. If you deposit around $2, 000,
    that would cover most unexpected expenses.

    Second, discontinue using your credit cards unless you intend
    to pay them off at the end of the month. Paying more than the
    minimum payment on more than one credit card at a time will drag
    our your debt elimination.

    Next, employ the "Snowballing" method to payoff your credit
    cards. You can learn more about this method in an article I
    wrote. Here is the link:


    Once you have determined which credit card you want to pay off
    first, I would apply the remaining $3000 to that credit card
    balance.

    I hope this helps,
    Grandpa Terry

    --------

    The following site has paycheck calculators:


    It's a great tool to help you develop "what if" in planning on
    increasing or decreasing the 401k and how that will affect your
    paycheck as well as how much you can sock away for the future!
    The site also covers the state taxes; works for my state of AZ
    pretty good!

    Sincerely,
    Kelly

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    Subscriber Tip

    Terry,

    I quite often see notes from people about not knowing how to
    save money. I have two ways that I do it:

    (1) my weekly paycheck is direct deposited to my checking
    account, and I have my bank automatically transfer $100 to
    savings each week. It's been an easy way to save $400 per
    month. It is surprising how you can learn to live without that
    money readily available.

    (2) I have a second checking account and I transfer enough each
    week to save for my car payment and my house payment.

    Hope this helps some of your readers.

    Kathy

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    Subscriber Tip

    Hi,

    I just wanted to put a bug in your ear. Sometimes you can get
    these great Wal Mart prescription prices at other pharmacies.
    Many stores have a matching competitors pricing policy. Just
    bring your Wal Mart list of qualifying prescriptions and your
    doctors prescriptions to your local pharmacy. Sometimes they
    will honor it especially if you have a good relationship with
    the pharmacist. My friend here in Cincinnati has a lot of
    prescriptions to fill each month for her family. She didn't
    want to switch stores and had a good relationship with her
    pharmacist. She asked her pharmacist if she would honor the
    pricing policy even on Wal Marts awesome deal. The pharmacist
    said "Sure". Moral of this story? It never hurts to
    ask. All they can do is say no or YES.

    Sincerely
    Amber
    Cincinnati, Ohio

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    This Week's Article Links

    Just click the links to view the article

    Secrets of superstar grocery shoppers
    By Melinda Fulmer

    Managing Your Debts - How to Regain Financial Health
    Center 4 Debt Management

    6 maxed-out credit cards. Help!
    The Debt Adviser by Steve Bucci • Bankrate.com

    To read more articles visit:

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    Special Recipe

    Garlic-Cheese Biscuits

    2 cups flour
    3 tsp. baking powder
    1 tsp. salt
    1 tsp. garlic powder
    2 Tbsp. chives (optional)
    3/4 cup cheddar cheese, finely grated (more or
        less to taste)
    4 Tbsp. shortening
    1 cup milk or sour milk

    Mix flour, baking powder, salt, garlic powder, chives and
    cheddar cheese in a bowl. Cut in shortening with a pastry
    blender or fork until it resembles cornmeal. Add milk, stirring
    just enough to combine ingredients. Do not over stir. Drop by
    tablespoonfuls onto an ungreased cookie sheet and bake 450
    degrees for 15 - 20 minutes or until golden brown.

    This recipe compliments of The Best Cookbook Anywhere Not Just

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    Everyday Savings

    These Tips provided by The Frugal Shopper

    Please show your appreciation for these great tips by visiting
    this site.

    ~~To aid in washing dishes, add a tablespoon of baking soda to
    your soapy water--it softens hands while cutting through grease.

    ~~Save your store-bought-bread bags and ties--they make perfect
    storage bags for homemade bread. (Don't turn them inside out.
    The labels are painted on the out sides of the bags with
    lead-based paint.)

    ~~If you have problem opening jars: Try using latex dishwashing
    gloves. They give a non-slip grip that makes opening jars easy.

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    Contact Information:
    Budget Stretcher
    1203 Madison 228
    Fredericktown, MO  63645
    FAX:  573-783-5982

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    Disclaimer:  This newsletter is only intended to provide
    information on proper money management.  Budget Stretcher or
    Terry Rigg can not accept responsibility for any injury or
    damage that may be caused to yourself, others, or property when
    following any advice given.