creative ways to consume leftovers
5 years ago
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- 5 years agolast modified: 5 years ago
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Don't Prepay Your Mortgage [Consumer Reports]
Comments (34)Hi Penny, Is it really better to always invest or save rather than pay down? Nothing is ever "ALWAYS" anything, of course. Paying your cash into your real estate equity rather than into safer, more accessible accounts, or accounts with principal protection guarantees, is primarily an emotional benefit for those who choose to do so. For these folks the emotional "feeling" is more important than the actual financial security... and that is FINE when the choice is made with eyes wide open to the risks of only getting halfway there and being trapped with remaining payments and no income or savings. What if you are older and almost living paycheck to paycheck and so can save/invest little...wouldn't it be best to reduce the debt? If you are older and living paycheck to paycheck then SAFETY RESERVES are exponentially more important than reducing your debt prematurely. CASH IS SAFETY... when you are swimming in excess cash, THEN you can safely eliminate the longterm debt. I'm a relatively recent lurker here, but would like clarity, as this is an area of great worry for me, a middle-aged, single first-time homebuyer. Since my 30 year fixed mortgage on my inexpensive home will have me making payments until my late 70's,I have felt compelled to pay what extra I could on the principal over the last 5 years, only reducing my loan about 2 years worth or so, so far. All of that hwile still living paycheck to paycheck? (Or was that a hypothetical of somebody else?) Far better to build up your safety reserves as fast as you can. A surprise stoppage of income for an extended period of time can never be "saved" by partially reduced debt... but accumualted cash CAN save your hide. Unfortunately, I recently stopped extra principal payments reasoning that I need to focus more on paying down my hefty student loans. I am nervous about having all this debt! Accumulate cash first, at least until you have enough safely saved to pay all of your total living costs for at least 12 months if you found yourself unemployed and without supplemental income sources. Once you have that safety net underneath you, THEN if you emotionally must, you can begin chipping down the debt balances. If you ultimately die in debt but never without the ability to pay... that is better than trying to live without cash but only partially debt-free. At any rate, I know that I will be forced to work until my mortgage is paid off...Given the circumstances, wouldn't it make sense to want to pay it off? Sigh, wondering if I'm doing it all wrong...Penny. It only "makes sense" emotionally, not financially. Go for safety and security FIRST, and you can go for the emotional good feelings later, when you can safely afford them. Good luck, and welcome to the boards! Dave Donhoff Strategic Equity & Leverage Planner...See MoreHow Do You Fix Your Leftover Food?
Comments (24)Funny you posted this. A few weeks ago the store had whole chickens for 99 cents a pound so we got two of them. Yesterday, I put one in the crockpot (without any liquid added). We had it carved last night and this morning I cut all the rest of it up and now I have 3 bags of diced chicken in the freezer, marked so I know what I want to use them for. One is for chicken salad and has dark and white meat. Another is for chicken and wild rice soup (2 meals plus a lunch) and the third for chicken and noodles, which will be at least two meals, maybe more. So as I figured it, the meat I use in each meal will cost about 35 cents per serving. I just love saving money and hate wasting food. Plus I have all that lovely broth and also made extra by putting all the bones, skin and scraps in a pot to make more broth. We have no problem having the same meal two nights in a row. Harry's the easiest person in the world to cook for. I like your idea for the fries, too, Sue. In restaurants I've asked them not to give me so many fries, but they come premeasured. I usually just leave them, but I'll bring them home from now on. Bet there's a lot of things to do with them--like make them like Wendy's chili cheese fries!!...See MoreObsession or Consuming Passion?
Comments (19)sue: Yes! I've been to that store! I should check back, because it's been awhile. :) powermuffin: I've found this to be the case with me. I start researching everything--books, internet. Then, when I've learned what I want/need to know, the passion seems to subside, although the interest remains. allison: Those chairs are beautiful and special. The last one, in particular--your favorite--is unique. I don't believe I've ever seen one with a seat like that. Very cool. Red: Kentucky? Hmmm. :) Yeah, maybe it *is* a "girl thing." I was wondering about that myself. pesky1: Exactly. :) jynxed: Let's see some pics! paint_chips: Fortunately, while I do have a couple of footstools, the footstool passion, at least, has passed me by! I love hearing about everybody else's take on this. It makes me feel less weird. :)...See MoreLeftovers vs. No Leftovers
Comments (50)If I'm making pancakes, I try for only what I'll eat, since I can't deal with reheated ones. Otherwise, most comfort foods are in the category of cook (hence clean up) once, eat twice or more. I'm very open to utilizing things in other ways but don't get hung up on "it has to be 'different'" philosophy. And I choke back vomit when I see someone try to make a meatloaf and mashed potatoes look like a cake. UGH! I grew up eating leftovers. I still aim for "premeditated" leftovers. It more economical, just as tasty most of the time and often it can taste better. If it's too much, a freezer can be your friend. And I am a strong supporter of saving energy, both appliance and mine. Since the health issues set in, standing at the stove for hours is no longer a regular option....See More- 5 years agolast modified: 5 years ago
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