People shopping during Costco senior hours?!
5 years ago
last modified: 5 years ago
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Furnace: Gas used per hour / Cost per hour
Comments (41)It very much depends. Automated readings are, I think, far more common in electric utilities than in gas - some gas metres have no data transmission capability at all. So actual physical readings by an employee are not unheard of, and some utilities do annual averaging because customers don't like their bills fluctuating. At any rate, your monthly bill should at minimum indicate the meter reading and cubic feet/meters/therms used. It may also have a statement somewhere noting the basis for the bill - most recent reading, estimated usage, historical usage or some other term, although the specific meaning may not be obvious unless you look at the small print or footnotes. At any rate you do not need to monitor daily (can't hurt of course) - you should be able to compare your recent gas bills to the current reading. I've had this happen (I thought the info was being reported to the utility by a family member and instead they were just using estimated usage). It should be immediately obvious - i.e. the utility bill might show 50,000 units on meter on estimated basis and your actual current reading is substantially below that. (Obviously allow for your usage in the current month). On the positive side if this is the case you can ring up the utility and ask them to adjust based on numbers you report or ask to have the meter read by an employee, if you've overpaid in previous months you'll have a negative balance and get a month or two with no bills. Unfortunately this may make estimating how much the new efficient unit is saving you a bit more difficult....See MoreMoney management for seniors
Comments (10)When I worked as a personal financial advisor, I recommended that my clients have 3 - 6 months' worth of income available as an emergency fund, available in case of need. If they could survive for a year without any income ... so much the better. But ... I didn't have that, myself, and haven't for a number of years. And as my clients became more knowledgeable about how money works, I explained to some/most of them how I operate, with my reasons. For working people, they must continually be in sufficiently good physical, mental and emotionl health to go to their workplace and carry our their required tasks there ... or they don't qualify for that essential paycheque! Plus ... hope that their employer doesn't go broke, close the business, shift work offshore, or get amalgamated with another company, merging the employee's work into the other home office, etc. Now, as a senior, in receipt of two government pensions, one of them contributory, plus a private pension, plus a tax-deferred retirement account that requires an annual withdrawal amount of about 7% up to 10% or so, increasing with age to 20% at age 90), plus I can withdraw more, if I choose (but every dollar taxable) I do not have such a requirement. All that I need do to qualify to continue to receive my pensions ... ... is stay topside the grass! So - I have darn near a guaranteed income ... till the day of my death. Quite a comfortable position in which to operate, I figure. Sometimes I have some readily-available cash, sometimes not ... but that doesn't trouble me. I carry a credit card. If I have an emergency, I'll use the card to pay for whatever I need. I have a Line of Credit, fully secured by mutual fund and stock certificates, that sits unused, most of the time. There was no set-up fee, and there is no maintenance fee if I let it lie unused. Its main purpose is to use when it suits me to purchase investments, if I lack the cash at the time. If I were to use it for funds to be be used in an emergency, most of the uses being not deductible, I would set up a separate line of credit, having certificates issued as needed, to provide the security, so that I have one fund for deductible situations, one for non-deductible emergency use. When I receive my account next month from the credit card agency for the amount owing, I draw a sufficient amount from the non-deductible line of credit to pay that amount in full, thus avoiding interest cost re the credit card. Interest on the line of credit now is 5.25% ... and I'd try to pay it off from current income as quickly as possible. And leave the line of credit that I use for purchase of investments, making the interest cost deductible, uncontaminated by a loan used for non-deductible purposes. Also, I feel comfortable, as I approach age 80, at carrying 80% of my assets in equities. As you know, the stock markets are down, now. Suppose I have an emergency develop tomorrow that requires a substantial amount of expense. Would I sell some of my equities, probably at a lower price than they usually run? Sometimes some of the market is down and other parts are operating at approximately their usual levels. If there were some parts that I might consider to be not undervalued, I might liquidate some of them. But probably I would not. I might liquidate some mutual funds, as I have grown increasingly unhappy with them over recent years. If I sell some stocks, there's the commission to sell them. Then, if there's been a capital gain, I must pay the income tax people a portion of that gain, next year. Then, when I accumulate funds to purchase more stocks, there's commission to pay once more on my purchase. When one considers those costs, often its wiser just to initiate a temporary loan to deal with the emergency. Not only that ... it has been my experience that, after a period when stock markets were undervalued, when the recovery takes place, there is substantial increase in value within a year or two or three following that low market period. I would very likely make a loan, pay it off in part over the intervening period and liquidate some assets as needed after the recovery in order to discharge that loan. If I can make 25% more on an sale of an asset over a couple or three years ... I don't mind paying 5.25% annual interest. I don't have large worry over medical and hospital costs ... if I were a U.S. resident, with higher potential medical and hospital care costs, I might evaluate the situation differently: but possibly not much differently, even so. I hope that you've found this explanation understandable ... and interesting. I am interested to hear your comments. I hope that you are enjoying this beautiful spring weekend ... my multiple-trumpet daffodils are out! ole joyful P.S. If you use this idea and it earns you, say, $300. ... you owe me 10%, right? o j...See MoreJungle Jim's? Costco?
Comments (15)Never heard of Jungle Jim's but I've been in Sam's Club, Trader Joe's and Costco. TJ's is a different store than Sam's or Costco and there's no membership fee but many people compare them. With all the hullabaloo over TJ's I was curious to see what it was all about. Well, I found out! Although I will say I might go there occasionally but not for much. Sam's and Costco both have membership fees. Whether it's worth it for you to pay to shop someplace is something you need to decide. I'd suggest going in (just walk in the store - they won't arrest you), take a pocket recorder with you and record prices or at least take copious notes. Both places carry a lot of name brand items and they have house brand items too and usually they're in institutional sizes so if you need to buy Skippy peanut butter a gallon at a time it's a place to get it, although many large grocery stores carry the larger sizes now too. Even Target carries the large size promos and usually at much better prices. When I've been in both places I logged prices on quite a number of common items like coffee, cat litter, laundry detergent, dish soap, toothpaste and more. I found something interesting. In no case was Sam's or Costco cheaper on general staples, cleaners, coffee, tea, than I can buy elsewhere and I wouldn't have to pay them to shop there and go through all the extra headaches. I should add that there were certain things like pizza rolls, bagel bites and certain bulk snack items where they would be a little cheaper but I didn't buy enough of it to offset the expenses. Much of the success of these places are the illusion of value. A 96 oz jug of Dawn, for instance MUST be cheaper than buying seven 14 oz size, right? Not always! The small ones are often on sale for anywhere from 50 - $1 which put it much cheaper than the warehouse jug. Generic cat litter was twice the price of Fleet Farm's generic and 1/3 more than Tidy Cats at Target. 500 paper plates cost way more than five 100 packs. Just a few examples. So if you're truly looking to save some money you really need to record the price and the size so you can compare prices and then compare them. You may well be very surprised at the "cost" of Costco! The other caution is there's limited variety in the warehouse stores both to size and brand. They have a lot of SKUs, yes but in for instance Crest, you have 2 or 3 different kinds of 3 or 4 packs so you might not get the flavor you prefer. Virtually all items are very large sizes. Some things need to be broken down into smaller sizes to keep from spoiling. Spoilage is expensive. If you have to use 50¢-$1's worth of plastic bags to repackage things, be sure to factor that into the cost of the items. If it's a long drive, again, you need to factor in the cost of the drive. Is your time worth anything? Or do you shop as a hobby? Another thing to keep in mind is that they get a lot of limited time things so if you find something you like and it's cheap, it might not be there next time. That can be frustrating. If I drove an hour and didn't get what I wanted... well I wouldn't be happy, especially factoring in $15 in gas spent, to say nothing of the wear on the vehicle, to try to "save" money. I had a Sam's membership. Thought about Costco, but after the Sam's experience I said nope. I didn't like the long lines, the too-high prices and then have to check out twice to leave. Trying to get help in these stores is laughable. I bought a recliner there and had to load it by myself. No help from them. It's not a service store. One other suggestion: Before you go in there, make up a list of what you want to get. Ideally, note current prices on there so you can compare it in store. That way you can see if they actually can provide you your shopping needs. They sure didn't for me. You'll probably still need to shop elsewhere so the cost of going there is something to factor in. I'd be curious to see what you find and how the prices compared for your shopping needs. Hope you will post back with initial results and impressions....See MoreOn-line shopping during this storm....
Comments (24)Amazon has been posting daily changes. (upper right corner of their home page). Asking to please refrain from purchasing non-essentials and expect delays. I've not been ordering but they mentioned a 'no-rush' option may appear at check-out. Though they appear to be out of many essentials. Groceries are opening an hour early for those over 60. Supposedly millennials were barging through the one hour delay and need police to hold them back. Now just letting a few in at a time and having a line outside 6-10 feet apart. And limiting purchases for essentials. (finally) I ordered from Baldor. A wholesaler the delivers to restaurants. Came yesterday. Really nice guy. They are thrilled to get supplies to homes as they have so much stock now that so many restaurants have closed. 50 mile radius of NYC. (Bronx) If anyone is running low without freezers, check with your wholesale sellers. 18-49 yr olds represent 53% of NY cases. Carelessness. This is not a joke. Be safe. Grow a garden....See More- 5 years agolast modified: 5 years agolovemycorgi z5b SE michigan thanked rob333 (zone 7b)
- 5 years agolast modified: 5 years agolovemycorgi z5b SE michigan thanked rob333 (zone 7b)
- 5 years agolast modified: 5 years agolovemycorgi z5b SE michigan thanked rob333 (zone 7b)
- 5 years agolast modified: 5 years agolovemycorgi z5b SE michigan thanked summersrhythm_z6a
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