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7 Finance Tips From a Guy Who’s Broke

7 Finance Tips From a Guy Who’s Broke

Because I’m dead center of trying to figure out my own personal financial Rubik’s Cube, and because I’ve been listening every day to the Financial Aid Podcast, I’ve had finance hacks on the brain. Besides, Graeme wanted me to talk about them, too. So, here goes 7 tips on finance from a guy who’s broke:

  1. Keep the change– Whenever you pay for anything with cash, always pay with bills. Then, take the coins at the end of the day and put them in a big jar. Use this money for the occasional treat, or put it towards a vacation. It’s a painless way to save some cash.
  2. An Anti-Raise– There’s great advice out there that says, when you receive your annual raise, adjust your direct deposit such that the raise doesn’t ever hit your paycheck. Instead, shunt it off into savings, or into your 401K, etc. Just don’t let it hit your pocket. Well, if you’re me and you never took that advice, consider giving yourself an anti-raise as a way to start fixing your finances. I called up my bank and had them put roughly 5% of my pay check every period into my Savings account. When I get a decent little chunk in there, I’ll pay off a few things, and then transfer the rest into investments.
  3. Pay Debt vs. Save Up– If you’re really in a bind and not sure where to start, nail your credit cards and bigger loans (not counting your mortgage) before socking away money in savings or money market accounts. Why? Because most credit cards have interest rates that will negate any effort of saving if you’re carrying a balance.
  4. Negotiate a Better Card– There are tons of credit card companies out there. If you’re trying to put your house in order, shop around for the possibility of transferring your balance into a low or zero-percent rate so you can get a little relief. Use that relief to get the card paid down to zero as fast as possible. BONUS HACK: Often times, once you know you have another option, you can call your current card company, tell them you’re getting ready to transfer your balance to another provider. They’ll sometimes (often?) offer you the same deal that the new company is offering, and I think that’s better, from a credit record point of view.
  5. Multiply Tiny Expenditures- Say you’re stopping by the local coffee shop for a large iced coffee and a bagel every morning. Say it costs $6. You might think, “Well, that’s not too bad. I didn’t have time at home anyway.”  But, $6 x 5 days = $30 a week on breakfast alone. If you spent even $15 ahead of time on grocery options that gave you things you can take with you from home, that’d cut that cost in half. Look also at magazine subscriptions and ask whether the value you’re saving off the cover price is really the same as whether you read the magazine every month. Ditto your cable TV service. Do you need all the channels you’re paying for?
  6. Consider Your Entertainment Budget– Are you paying for cable, Netflix, movies in the theater, live concerts, and more? If you threw your weekly revenue amount onto a spreadsheet, showing what you made, how much you paid in rent, bills, food, and other expenses, and then had a break-out column for entertainment, what percentage of the cash you’re spending in a given week or month would your entertainment budget be? How about if you add in your hobby spending, like that new lens for your camera, or that replacement iPod? How does that impact the way you see your finances.
  7. Plug the Holes– I learned this one when reading about adding a solar power system to a standard electrical system. The author of the article said that he was able to save money on his energy bill WITHOUT building the solar power system by doing a simple audit in his home. He found these items to be power-suckers (and thus expenses to you): modern TVs and DVD players. If they’re plugged in, most of them are drawing a significant amount of power to be in “standby” mode instead of off. Ditto your power supplies for recharging, like your battery charger for your cell phone, your digital camera battery charger, etc. Go for a walk around your house and see how many devices are plugged in that are drawing power without being used.  BONUS HACK: Put all your chargers on a power strip with its own off-switch, and keep the whole strip turned off when you’re not charging a device.

Your mileage may vary, and like I said in the title, I’m no expert, but because I’m working on this actively, you might find these tips to be pertinent to your own situation. But truly, YOU are the experts. Come on! Light up the comment section, or better still, add to our wiki !  Tell us your best finance and money-saving tips.

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-Chris Brogan makes almost no money from [chrisbrogan.com].

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Last Updated on February 11, 2021

20 Unusual Uses for Coca-Cola That You’ve Never Considered

20 Unusual Uses for Coca-Cola That You’ve Never Considered

Coca-Cola is an adored product the world over. While keeping yourself in good health means moderating how often you enjoy this drink, Coca-Cola lovers will be happy to hear that there are plenty of uses for the soda pop that don’t involve ingesting it. Impressively, Coca-Cola can be used to help you clean, get rid of rust, and even help maintain your garden. Whether you are looking for a way to finally get rid of those pesky stains, or just want to find new ways to love this drink, these 20 jaw-dropping and unusual uses for Coca-Cola will blow you away.

Kill pests in your garden

Coca-Cola is also an effective pest control method for your garden. To rid yourself of plant munching slugs and snails, pour a small bowl of Coca-Cola and place it near your garden or flowerbeds. The smell will attract these crawling bugs and the drink’s acidity will kill them.

Defrost your windshield

Incredibly, Coca-Cola can also defrost your windscreen in the wintertime. Simply pour Coke liberally across your windshield and wait about a minute. The ice should turn to slush for easy removal.

Clean your pans

Coca-Cola is also useful in the kitchen, especially on burnt pans. For any pan with burnt on messes, pour a can of Coke into the pan and simmer. The mess should easily wipe away. You can also soak kettles and other kitchen items in Coca-Cola to remove scale and build up.

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Clean bugs from your windshield

Another way Coca-Cola can aid in your car care is by removing bugs and gunk from your windshield. Soak a cloth in coke, then rub across your windshield. Just be careful not to get any on your paint job.

Remove rust from your car

Coca-Cola is also useful when removing rust. The simplest method is to dip crumpled tinfoil in Coca-Cola, then give the item a scrub and you should be rust free.

Loosen rusty bolts

Similarly, use Coca-Cola to loosen up a rusty bolt. Simply unscrew the bolt half a turn and pour on Coca-Cola. Let it sit, then give the metal a wipe. The bolt and screws will be one hundred percent in no time.

Remove stains from your fabric

Surprisingly, Coca-Cola is incredibly helpful when removing stains from clothing and fabric. Coke will easily remove grease stains, as well as blood spots. Remember that Coca-Cola itself is brown, so stains on light fabrics might be better removed another way.

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Remove oil spots

Another way to use Coca-Cola is to remove oil stains from cement. Whether it’s your garage or your driveway, soak the stain in Coca-Cola for a few hours then hose off.

Relieve jellyfish stings

Should you be unwilling to neutralize a jellyfish sting the traditional way (with urine) pouring Coca-Cola on the sting will also do the job.

Clean your car engine

Coca-Cola is also an effective ways to clean your car engine. Believe it or not, Coke distributors have reportedly been a fan of this technique for ages. 

Use it in cooking

Coca-Cola is also a fantastic addition to many recipes. Using Coca-Cola to cook pot roast or steaks in will easily tenderize the meat for you. Mixing Coke with ketchup or barbecue sauce also makes for a delightfully sweet glaze.

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Clean your old coins

Another way to use Coke to clean is to soak tarnished coins in the soda. About ten minutes should be enough to get rid of the muck.

Clean your tiles

Incredibly, Coca-Cola can also be applied to tiles to effectively clean grout. Let Coke sit on the tiles that need cleaning for a few minutes, then wipe away.

Supercharge your compost

Coke is also an impressive way to speed up your compost. The sugar in Coca-Cola feeds micro organisms, plus the acidity will help your compost break down faster.

Remove gum from your hair

Coca-Cola can also help you avoid a major hair disaster. If you have gum stuck in your hair, dip the gum into a small bowl of Coke and let it sit for a few minutes. The Coca-Cola breaks down the gum, allowing you to wipe it off.

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Fade unwanted hair dye

Similarly, if you made a mistake with your hair dye, Coca-Cola comes to the rescue. It’s probably best to get in the shower first, then pour Diet Coke over your hair. Let the soda sit for a few minutes, then wash your hair like normal. This method is effective in removing temporary hair dyes, but will likely only fade professionally applied dyes.

Clean marker stains

Coca-Cola is also an easy way to remove marker stains from carpet. Apply a small amount of Coke, scrub the spot, then clean with soapy water. Again, remember that Coca-Cola is brown, so removing stains on white or light-colored carpets might be better achieved with another method.

Clean your toilet

Coca-Cola can also help you clean elsewhere in the house. To easily clean a toilet, pour Coca-Cola all around the bowl and let it sit. There’s no need to scrub, simply flush and your toilet should be sparkling clean.

Feed your plants

Coca-Cola is also a surprising way to add a little extra life to some flowering plants. Particularly with azaleas and gardenias, adding a small amount of Coca-Cola to the soil can deliver nutrients your plant may be low on.

Get rid of bugs at a picnic

The last of our unusual uses for Coca-Cola is to safeguard your picnic or outdoor lunch from pests and wasps. Simply pour a small cup of Coca-Cola and set it out about a half hour before you start to eat. By placing the cup away from your site, bugs will be drawn to the soda and not your lunch.

Featured photo credit: Omer Wazir via flickr.com

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