The FREE Budget Stretcher Newsletter
March 12, 2007



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    The Budget Stretcher
    Week Of: March 12, 2007
    AOL Users Please Visit Online

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    Grandpa Terry's Quips

    Tip #18 - Relying on Social Security as your only source of
    income for retirement is like expecting your kids to pay your
    bills now.  Does that make sense?

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    Finally Organized, Finally Free

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    Clutter-control tips for every room in the house. Time
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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 - Theresa Moyers' Outspoken Oreo Dessert
    Everyday Savings from http://www.thefrugalshopper.com

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    Subscriber Tip

    Eating healthy is not always cheap, so I have learned a few
    ways to save on produce: Always weigh produce that is priced per
    item. If cantaloupes are $2 each, I want the heaviest one I can
    find. The same goes for those 5-pound bags of potatoes. Some
    bags have an extra 8-14 ounces in them. Also, compare the price
    of frozen v. fresh. My kids love Spanish omelets, and I refuse to
    pay nearly $4 per pound for red and yellow Bell peppers in the
    winter. I buy a one-pound bag of frozen mixed pepper strips for
    $1.69. There is no waste, and the work is already done for me!
    When bananas are especially high at the grocery, I buy the ripe
    ones for about 29-cents a pound and make muffins and bread. It
    freezes nicely and is great to pull out of the freezer for bag
    lunches, a muffin or two at a time.

    If you really think about it, you can come up with plenty of
    ways of saving!

    Norma Jean in VA

    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

    Visit Michelle's web page to find out what you can do to help
    military families with expired coupons.

    Expired Grocery Coupons
    What to do and WHERE to send them!

    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.

    Well folks, my password protection of the Subscriber's Benefits
    page was a bust!  There were about 150 subscribers that weren't
    able to login.  I have removed the password protection and you
    can access your benefits page just by clicking on the below
    link:


    You can still vote for the slogan until March 20, 2007 at the
    below link:


    If you are having problems managing your Checking Account or
    would like to know more about how they are managed and what
    fees normally apply you can check out the below link:

    Checking Basics

    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

    Credit Card Fine Print
    By Credit Cards.com

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    Grandpa Terry's Tip of the Week

    Beware 0% Balance Transfers

    A person that I was working with had a Chase card with a little
    over $21,000 balance and was paying 24.99% interest on the
    purchases plus 27.99% on about $3000 of that for cash advances.

    I recommended that they try to obtain a 0% interest card for 12
    months so that they could save thousands of dollars in interest
    charges.

    Shortly after our conversation they receive an offer for 16
    months 0% interest that wouldn't expire until July 2008. I told
    them to call and see if they could get the transfer.

    When they called they were informed that they could transfer
    the entire $21,000 to the new card but that there would be a
    one time $652 fee for this transfer. They told the credit card
    company that they would not pay that much just to transfer
    balances.

    After several attempts to obtain a 0% card from other companies
    and were turned down they called me again asking what they
    should do.

    I guess I have been out of the loop too long on the latest
    credit card fee structure so I did some checking. Apparently,
    this is the latest scheme the credit card companies are using to
    process balance transfers. I had heard of paying a fee but not
    that much.

    Since this individual always paid their bills on time we agreed
    that paying the $652 might save them in the long run. They had
    been paying over $400 a month in interest charges on the Chase
    card for some time. If they paid their bill on time they could
    save over $6400 in the 16 months before they started paying
    interest.

    You have to be careful if you run into this. If you are late
    even once they can start charging interest immediately.

    By the way, the name of the card is WorldPoints issued by Bank

    They currently offer 12 months 0% interest for 12 months unless
    you receive a preapproved offer in the mail.

    Budget Stretcher is not affiliated with WorldPoints or Bank of
    America.

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    Site of the Week

    At Home Parent

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    Grandpa Terry's Email

    Hi Grandpa Terry,

    How can I get a copy of my credit report without having to go
    thru the bother of signing up for those "free" but not free
    scams, you know where they want to charge you a fee...

    I thought we were entitled to a "free" report each year.

    I really enjoy your site,
    Great Gram, Joan

    My Response:

    Hi Great Gram Joan,

    Yes, you are entitled to one free credit report from each of
    the 3 credit bureaus each year.

    You can order yours by visiting


    This does not include your credit score.

    I hope this helps,
    Grandpa Terry

    --------

    Terry,

    I'm writing to thank Suzy for letting others know about the
    problem she had getting into her mother's safe deposit box after
    she died. I used to work for a bank, and I know that there was
    someone who read the obituaries every day looking for account
    holders so they could put a hold on the accounts and lock the
    safe deposit boxes. I'm guessing that still goes on, based on
    Suzy's comment. In talking to groups about the importance of
    putting all of their vital paperwork in one place, I always
    recommend keeping the originals in a fireproof box at home, with
    a copy in the safe deposit box just in case something happens to
    the originals. This is so important. Like Suzy says, the person
    handling the affairs for the deceased is grieving, and this is
    not a good time to have to deal with additional burdens.

    Joyce Pierce

    --------

    Hello Grandpa Terry from Springfield, Mo

    My name is JackieAnn. I enjoy reading the Budget Stretcher. I
    hope I am allowed to ask a question. I also am interested in
    working from home. You said "The internet offers unlimited
    possibilities". How do I find "all" of those possibilities or at
    least several of them?

    My husband and I are also grand- parents. Oh, what a wonderful
    that job is :) :) :)

    I thank you for all your help or at least thank you for reading
    my e-mail.

    JackieAnn

    My Response:

    Hi JackieAnn,

    I always answer my email from subscribers as best I can.

    I was raised in Springfield, MO from when I was 6 to about 16
    years old. A great place to grow up.

    Quite frankly so many of the work at home opportunities are not
    what they appear to be. The link in this week's newsletter was
    one of the better ones because it costs nothing. Here is the
    link:


    Another one that I know of is from a friend of mine but I'm not
    sure exactly how it works. Here is the link for that:


    I've found that some of the best work at home opportunities are
    the ones you develop yourself. You take something you enjoy and
    turn it into a job you can do at home. Budget Stretcher is my
    work at home job although I didn't make a penny for the first 3
    years I was online.

    My brother in law's Mom makes dolls during the winter and sells
    them at craft fairs and flea markets in the area. She makes $15,
    000 to $20, 000 a year doing that.

    While the work at home opportunities are unlimited on the
    internet you have to take the time to investigate each one very
    carefully or it could cost you a bundle.

    I hope this helps a little.

    All the best,
    Grandpa Terry

    --------

    HI,

    I was wondering if you could help me? When trying to work with
    a hospital or other to get a debt paid off, and you offer to pay
    one price because that is what you can afford to send, do they
    have to accept that or can they make the payment higher than
    what you can afford?

    I have always heard that as long as you are making an honest
    effort to pay the bill and pay every month they had to take what
    you could afford as payment, is this true?

    I live in Indiana, if you don't know can you tell me where to
    find the information?

    Thank you, Sbartman

    My Response:

    Hi Sbartman,

    I do know that when dealing with credit card or loan companies
    you have a set agreement with a due date and a minimum amount
    you have to pay. The myth about them being required to accept
    what you can pay is just that. You are required to make the
    agreed upon payment on time or they can take legal action.

    A hospital is a little different. It's my understanding that
    they can demand full payment immediately and can get a judgment
    against you if you don't pay although I haven't seen this happen
    if someone is trying to pay.

    My advice would be to write out your personal financial
    statement listing all of your income and normal expenses
    including your debts to show them how much you can afford to
    pay. It would be best if you would take this to the hospital
    business office and sit face to face with their representative.
    This will show them two things. One that you can't pay more than
    you stated and two that you are serious about taking care of the
    debt.

    If you decide to do this please let me know how it turns out.

    All the best,
    Terry

    --------

    Hi Grandpa Terry!

    I LOVE your Budget Stretcher Premium website and really look
    forward to your newsletter each week. I have a quick question
    about daycare costs.

    My husband and I are working on implementing your Budget
    Organizer system. We need to put the $618 we pay per month in
    daycare somewhere Do we classify this as a household expense? It
    seems to me like that is going to eat up a lot of our 30%
    allotment for that category.

    Thanks for your help!
    --Diana

    My Response:

    Hi Diana,

    I would classify your day care expenses under other bills
    category just like your credit cards and car payment.

    Your household expenses should be reserved for food and running
    your home (car gas, school lunches, etc.)

    I hope this helps,
    Grandpa Terry

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    Subscriber Tip

    A plumber gave me this tip, and I' ve found it works very
    well. With my long hair I was having to use a chemical clog
    buster like Liquid Plumber at least once a week in my shower.
    The plumber told me to use liquid bleach instead, since it works
    better and is actually a little bit safer. I tried it, and not
    only do I save money, it's something I keep on hand anyway.
    Right away I found I only need to use it once every six weeks
    instead of once a week. What a deal!

    Sandi

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    Subscriber Tip

    1) When you receive any *extra* money, send it straight to your
    debt. Last week, we received an unexpected check for $76.13.
    After talking about it, we decided to pretend we had never
    received it, and we sent it directly to the bank. I then
    scheduled an online payment in that amount, before we could
    change our minds!

    2) We have three open credit card accounts, but last week Citi
    let us consolidate the balances. I then asked if there was any
    way to get a smaller payment. After placing me on hold, she
    informed me that the entire balance was now at 0% until March
    2008! I have tried to transfer this balance at 0% to a few
    places, with no luck. I never knew that my own company would
    offer it to me. Now, our goal is to pay as much as possible, as
    often as possible, to get that balance DOWN.

    3) It is also easy to send an extra $10 payment during the
    month when you use online payments. I also save change and
    dollar bills for debt, and we have a 2-Liter bottle almost full
    of change for a vacation this summer. We super-glued the lid,
    and just cut a small slit in the plastic for the coins. This
    way, noone is tempted to shake out some change when our cash
    gets tight! In a true emergency, though, the money would be
    available.

    Leocea

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    This Week's Article Links

    Just click the links to view the article

    Statute of Limitation on Debt
    By BSC Alliance

    Federal, State Law Enforcers Complete Bogus Business Opportunity
    Sweep
    Federal Trade Commission

    Car-lease ads sound too good
    Driving for Dollars by Terry Jackson • Bankrate.com

    To read more articles visit:

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    Special Recipe

    I have a treat for this week's recipe.  A lady at our bank gave
    my wife the below recipe and says it's great.

    Theresa Moyers' Outspoken Oreo Dessert

    1 stick butter, melted
    1 package of Oreos, crushed
    1/2 gallon of vanilla ice cream
    3 semi sweet chocolate squares
    2/3 cup of sugar
    5 ounces of evaporated milk
    1 teaspoon of vanilla
    Cool Whip

    Step 1:  Combine 2 tbsp. butter with half package of Oreos and
    spread in a 9x13 pan.  Spread half gallon of ice cream over
    cookie mixture.  Set in freezer for 15 minutes.  Take pan out of
    freezer.  Repeat step 1.  Set pan in freezer for 15 minutes.
    Melt chocolate, sugar and butter together.  Stir well to thicken.
    Add milk and vanilla.  Continue stirring and pour mixture over
    frozen ice cream.  Put in freezer for 15 minutes.  Top with Cool
    Whip, cover and freeze.

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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 remove sticky residue/glue, try one of these:
    mayonnaise, peanut butter, nail polish remover, "Goo
    Gone", or any oil.

    --To remove sticky residue/glue, try one of these: mayonnaise,
    peanut butter, nail polish remover, "Goo Gone", or any oil.

    --Tile Cleaner - Deodorized kerosene (buy at an oil company).

    --Use Benzol to remove tar, paint, and wax gum from your car.

    --Erasers will remove black heel marks on floors & Artgum
    erasers will clean bone colored shoes.

    --To keep the corners of your windowsills free of dust and
    moisture, rub a white candle into each corner of the sill.

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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.