The FREE Budget Stretcher Newsletter
December 11, 2006



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    The Budget Stretcher
    Week Of: December 11, 2006
    AOL Users Please Visit Online

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    Grandpa Terry's Quips

    Tip #5 - Worrying about money is an emotion.  It takes action
    and a clear head, not emotions, to stay on top of your finances.

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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 - Chocolate Marbled Fudge
    Everyday Savings from http://www.thefrugalshopper.com

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    Subscriber Tip

    Here's a great gift idea that people will really enjoy and your
    kids can help. Luminaries! Just buy a pack of paper lunch sacks,
    some tea candles and some sand (or use sand or kitty litter that
    you have on hand) Decorate the sacks with cut snowflakes or
    drawings, fill with two tuna-cans full of sand and place a
    candle on top. These luminaries are extra festive on Christmas
    eve. You could even set them out and light them before going in
    the house to surprise your host. We spent less than five dollars
    to make sixty.

    Shelley

    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

    With the holidays in full gear you may find you're in need of a
    short break from working with your coupons. Especially us moms,
    oh boy, do we always feel like we have to take care of
    everything (and everyone) all at once or what? However, it
    really is OKAY to take a break with just about any household
    duty whenever you need one, and that includes coupons! Yes, it's
    going to cost you more at the store while you're on break but
    the refresher course on why you use coupons in the first place
    could be priceless.

    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.

    Just a reminder, you still have time to order your "Clauscasts"
    and start enjoying Santa explaining the important facts about
    his coming visit.  I'm serious, these MP3s are fun for kids
    and adults.  Please check it out at:


    I finally got around to downloading Internet Explorer 7 and
    really like the new features.  When you have two or more web
    sites open there are tabs at the top that will reopen the page
    instantly.  I know it's been around for a while but I just kept
    putting it off.  If you would like to download it free yourself
    just follow the below link:


    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

    Do Debit Card Rewards Measure Up to Credit Card Rewards?
    By Amy Arnold, CardRatings.com Senior Reporter

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    Grandpa Terry's Tip of the Week

    Christmas Worries

    Around this time of year things are usually hectic and joyous
    for most. For a lot of us though, we have that lingering guilt
    of how much we spent to make sure we had that Merry Christmas
    everyone talks about.

    I would like to ask you to do me a favor. We spend the rest of
    the year worrying about how to pay our bills. I would like to
    see you take a time out, just until Christmas.

    If you have family, spend as much time with them as you can. If
    you don't then you can still enjoy the festive atmosphere that
    you will find nearly everywhere you go.

    If you know of someone that lives alone or in a nursing home,
    take the family and spend a couple of hours with that person. It
    will make them feel great and I believe you will feel even
    better.

    No matter what your faith or what you do this season, it is all
    about celebrating your faith and enjoying family and friends.

    I guarantee there will be plenty of time to worry about your
    money problems in the months to come.

    May this be your best Holiday Season ever!

    Merry Christmas
    Grandpa Terry

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    Site of the Week

    My Money Management

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    Grandpa Terry's Email

    Topic of Discussion

    I owe money on an account that is so old, is has dropped off my
    credit report. I would like to pay this money, which I do in
    fact owe, but have some questions. I have been offered a
    settlement by a collection agency. If I pay off an old debt,
    will it then show up again on my credit report? If I pay the
    settlement amount, how will that reflect on my credit. What if I
    want to pay the FULL amount? Do I pay the settlement amount to
    the collection agent and the balance to the original debt holder
    (master card)?

    My Response:

    If this debt is no longer on your credit report and has
    exceeded your state's statute-of-limitation for debts ( click
    this link to determine your state's SOL
    would not pay the debt. The statute begins from the time you
    made your last payment to the present. The reason I say this is
    that the collection agency and the debt holder can report this
    action to the credit bureaus anyway they choose. Normally, debts
    that are paid by an agreed upon settlement have a negative
    impact on your credit report. The same is true if you pay the
    full amount since it was not paid as agreed.

    If you do decide to pay the debt I would pay it directly to
    MasterCard unless paying the collection agency is the only way
    to get the settled amount.

    Please understand that this answer is based on my experience
    and should not be considered legal advice. There are too many
    factors that relate to debt in each state that vary widely.
    Professional legal advice should come for an attorney.

    I hope this helps,
    Terry

    -------

    Hi Grandpa Terry,

    My tip... Buy Christmas Themed Fabric (it also works for other
    times of the year as well) whenever it goes on sale. Then wrap
    gifts in this economy friendly "wrapping paper". I bought a
    bunch of large pieces a few years ago- with the intentions of
    make something....but the next year I had an odd shaped package.
    I grabbed a piece of the Christmas fabric, some of that stretch
    gold foil cord (available at Wal-Mart) and presto! instant gift
    wrap. I have been reusing the same few yards of fabric for
    several years now. When all of the dust settles from package
    opening time... I just roll up the fabric and wait for next
    year. Sometimes I even use the fabric to repack breakable
    Christmas items for storage in the attic.

    Oh and one more tip... ( I am on a roll now) Use plastic
    shopping bags from retailers (Wal-Mart, Target, Grocery Stores,
    etc) as packing materials when mailing items. They don't weigh
    much and could be reused on the other end -sure beats packing
    peanuts....

    Thanks for a great newsletter.... I especially love the
    computer tips...

    Merry Christmas
    Tammy C
    Bolivar, MO

    -------

    Hi Terry,

    I don't know if this is a tip you would want to use, but here
    is a way I have earned some money.

    Since I haven't had the money to by the eBay book, I decided to
    look into other online options. I belong to Freecycle on yahoo,
    and have given away over 10 truck loads of things in a year and
    3 months. I am now down to items that I feel cost to much to just
    give away. I found that there are quiet a few yahoo groups in my
    area that are set-up for the sole purpose of selling items
    locally. I have made enough to purchase Christmas gifts this
    year. My son and I live on $20, 000.00 a year , this is not a
    lot of money by anyone standards , but with the sites to sell
    things I can bring in a little extra . These groups are very
    easy to start so if there is not one in a particular area start
    your own. One of the great benefits is that it is local , so no
    shipping.

    I am praying for peace, love & joy for you and you family, this
    holiday and throughout the New Year!!

    JAN in NC

    -------

    (This email is in response to our Topic of Discussion Last Week)

    Terry,

    In addition to your advise below, if you can squeeze out enough
    extra cash many debtors (especially for medical and dental
    debts) will discount your balance by as much as 50% if you offer
    to pay that discounted bill in full now.

    Thanks,
    Rick

    -------

    I just wanted to tell you "thanks." The road to debt
    elimination can be a long one. I try to keep a list of all my
    dates that I have paid off on the same list that has my current
    debts on it. This way when I get discouraged I can look back and
    see how far I have come. It also helps to remind me (when I see
    credit card debt from years ago) that I really don't want to
    charge that one little thing because it can take more than a
    little while to pay it off. And I want to say thanks for your
    newsletter that helps to keep me inspired on my journey.

    Here is one thing that has really helped me keep my spending
    down: I try to keep my kitchen clean during the day. Whenever we
    eat we try to put the dishes immediately into the dishwasher and
    clean up after ourselves. If the kitchen is a mess at dinner
    time I am more inclined to eat out which costs a lot more. With
    four kids I am pretty tired at the end of the day. If the
    kitchen is clean I find it easier to cook than to go out. This
    really helps keep our budget in check.

    Thanks again and Merry Christmas,
    Lisa

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    Subscriber Tip

    Those summertime woven straw paper plate holders can be used
    year round. I use one as a bottom plate in the microwave. I put
    my plate/cup/bowl on top of it, cover the receptacle holding the
    food (prevents splashing) and heat. The straw plate does not get
    hot. I can then remove the hot dish by putting my fingers under
    the straw plate and bracing the rim of the hot dish with just my
    thumbs. Presto! No more burned fingers.

    Val

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    Subscriber Tip

    I love to shop at goodwill and garage sales and thrift stores.
    I have created a list for my friends to fill in things they need
    (or want) then if I find it; I call them and see if they still
    want it. They also look for items for me. After all, we all shop
    on different days, in different towns, and at different
    stores...so we find different things! It is as much fun finding
    the game my friend has looked 2 years for as it is to have
    someone find some Tupperware for me!

    Elizabeth

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    This Week's Article Links

    Just click the links to view the article

    Christmas Can Still Be Merry Without All the Spending
    By Nancy Twigg

    Tips for stretching your holiday budget
    By Dani Arthur • Bankrate.com

    Winterizing Tips For Homeowners:
    14 Easy Winterizing Tips That Will Save You
    Time, Frustration, Money ­ and Your Life
    By Richard Roll

    To read more articles visit:

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    Special Recipe

    Holiday Cooking

    Chocolate Marbled Fudge

    2 cups sugar
    2/3 cup heavy cream
    1 cup milk
    1/4 cup light corn syrup
    1/4 tsp. salt
    1 tsp. vanilla
    1/2 cup semi-sweet chocolate, chopped

    Combine sugar, cream, milk, corn syrup, and salt in large heavy
    saucepan. Bring slowly to boiling, stirring occasionally, until
    mixture reaches 238 degrees on a candy thermometer. Remove from
    heat. Cool 5 minutes. Add vanilla. Beat vigorously until mixture
    begins to thicken and lose it's glossy look (about 5 minutes).
    Pour the fudge into well buttered 8x8 inch baking pan. Sprinkle
    evenly with the chocolate chips. When chocolate chips are
    melted. run a knife through them to create a marble effect. Cool
    completely on wire rack. Cut into 1 inch squares. Makes 64
    pieces.

    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.

    ~~Sprinkle cinnamon on aluminum foil and place it in a hot
    oven, leaving the door open. As the cinnamon heats, the cinnamon
    will permeate the house.

    ~~Spray the inside of a mayonnaise jar white. Store it in the
    refrigerator as a hiding place for money or valuables.

    ~~Put a metal spoon into a glass before pouring in any hot
    liquid - this will prevent the glass from cracking.

    ~~Soak a cloth in carbonated water and wrap around a rusty bolt
    and leave for a few minutes. The bolt should loosen right up.

    ~~Tip for stamp collectors: Place the envelope in the freezer
    for a few hours. You'll then be able to easily lift the stamps
    off with a pair of tweezers.

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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.