Month : April 2016


The Benefits of Assisted Living

As many people age, they often feel isolated and lonely with their grown children tending to families and lives of their own, so geriatric depression is a real concern. This has led many elderly individuals to look into assisted living facilities. These facilities provide social and recreational opportunities for residents, as well as increased safety and quality of life. If you are considering moving yourself or a loved one into an assisted living facility, consider the following benefits of these facilities.

Assisted Living Enhances the Quality of Life

Every benefit of staying in an assisted living facility increases the patient’s quality of life. They will become more comfortable, healthy and social.

  • Safety. Perhaps the greatest benefit of assisted living facilities is the immediate safety that they provide. As seniors age, they may become physically weak, visually impaired or unsteady. A living facility provides the safety to help protect them from a serious injury. The staff will be able to assist them with walking and carrying out tasks. If there is an injury, they won’t be alone for very long before receiving help; in fact, these facilities are specifically designed to minimize the risk of accidents.
  • Social and Recreational Activities. According to Assisted Living Today, an assisted living information resource, another great benefit of assisted living facilities is the social and recreational activities that are provided. One of the sad truths of life is that growing old also means losing friends and family. This can create a secluded lifestyle; however, staying at an assisted living facility will enable elderly patients to spend time with others and enjoy new activities.
  • Health Care When It’s Needed. The exact qualifications and hours of the nursing staff will vary by facility; however, nurses will always be available. Patients staying in assisted living facilities will always receive the health care they need — when they need it. This may mean ensuring that their medication program is adhered to or that regular doctor visits are coordinated. The on-hand medical staff will also be helpful in the case of a health emergency, being able to provide immediate care and transportation to a hospital.

How Can I Afford the Stay?

Long-term care at an assisted living facility can be expensive. Depending on the facility and type of care required, Forbes states that it can cost $40,000 to $90,000 per year to stay in these facilities. Fortunately, a type of insurance is available that provides coverage in the event an extended stay becomes necessary: long-term care insurance. A long-term care insurance plan will help cover the cost of staying at any type of assisted living facility.

According to the Wall Street Journal, 70 percent of individuals who reach age 65 will require some form of long-term care. Having a long-term care insurance plan guarantees that you receive the coverage you need when you need it. If you need to stay at an assisted living facility without long-term care insurance, you may end up not going for lack of funds or for fear of draining your retirement account. Your children may be unable to pay the cost and you’ll remain living on your own, even though a facility is a better option for you. Long-term care insurance eliminates this problem and will enable you to check in immediately.

You may currently have an elderly relative who would benefit from staying at an assisted living facility. You may also recognize that you are aging and may require an assisted living facility in your future. Long-term care insurance is a great way to afford the cost of assisted living so that you and your loved ones can enjoy a high quality of life. The many benefits of assisted living facilities make the cost of the insurance premium a worthwhile expense.

About the Author: Charles Wilhelm is a contributing writer and a patient at an assisted living facility. Although he was hesitant to stay at the facility at first, Charles has enjoyed an ever-increasing quality of life thanks to his LTC Tree Long-Term Care Insurance plan.

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Home Ownership

Everyday Money-Saving Tips

I was reading “40 Money Tips from Experts” over at the Online Trading Academy and decided to come up with some tips of my own.

With uncertainties continuing to surround the global economy, cost-savings tips in the home are very important for any cost-conscious home owner. Thankfully, it doesn’t take a genius to embrace some of the simplest but most useful money-saving measures in the home. If you want a short list that can help cut your expenses, here are a few recommendations that are guaranteed to trim your monthly expenditure.

  • In the summer, set your home air conditioning two about 24 degrees centigrade. Studies have shown that 24 degrees is the optimum setting that allows for a comfortable feeling without eating into your electric bill. Most homeowners set their air conditioning to 20 to 22 degrees, so the extra 2 to 4 degrees can help you save a considerable amount at the end of the month. 
  • In the winter, set your home heater to 20 degrees centigrade. The opposite is true in winter when you relying on your heater. The higher is the temperature setting, the more power you consume. 20 to 22 degrees in the winter is sufficient to feel comfortably without burning a hole in your pocket. 
  • Unplug appliances when not in use. The stand-by power of most appliances may be low but appliances still consume electricity when plugged. To save on electricity, unplug your TVs, computers, turn off the light, and all other kitchen appliances except for the refrigerator. 
  • Do your household chores in bunches. For example, iron your clothes in one go and not per piece. Wash your dishes in the dishwasher together, and not after every one eats. Studies have shown that doing all household chores that require electric power in bunches can help minimize energy usage by as much as 30% compared to when you iron clothes or wash dishes one by one. 
  • Create a budget and stick with it. One of the most useful money-saving tips is to actually create a budget so you are guided with your monthly spending. Write down what is essential and trim down everything else so you know you can meet your monthly spending goals without sacrificing the important items needed in the home.

Money-saving need not be difficult if you know where to start. See if you can implement two or more of these recommendations and check how much you are saving per month. Once you see the difference, you will be even more motivated to cut your spending further. 


Useful Tips on How to Save on Groceries

Every day thousands of people do grocery shopping for their families to have good meals and enjoy new foods. However, have you recently noticed that grocery bill requires more and more money than ever before? It’s not really surprising, because the food prices go high every year and nowadays people just can’t afford to buy some of food products they used eat before. When the situation starts to get under control, here are some basic tips on how to reduce money on grocery receipts in the supermarkets. 

Eat before shopping 

Psychologists have proved a long time before: the more hungry you are, the more temptations you are going to meet during grocery shopping. Meanwhile you think it is nonsense, the fact remains: you take extra food and eventually pay more of what you’ve been expecting. Even when you don’t have time to run home for the dinner or so, it will be nice to have a little snack before. 

Planning makes sense 

It’s not going to work the best for your budget, if you aren’t organized in your food planning. Of course, you can easy cash loan here and pay for needed things but it will be better to plan. Thinking about meals for tomorrow or days later should become one of those useful habits to save money in the grocery store. Unless you are aware of what you’re having for dinner today, you won’t have any choice but crashing the store and grabbing the first products on the shelves that seems attractive. 

It’s so simple to take 2 minutes before going to bed to consider your meals for days ahead. Following lists of necessary foods to purchase guarantees no extra grocery purchases. 

Special Deals 

You are going to know about huge sales in the store by advertizing in the local newspapers, magazines and mails, coming every Sunday. That’s why do not consider those paper as a trash: take a look to find out if some of the meals you might want to buy are on sale or clearance. 

By the way, this tip can be useful for basic items, like paper napkins, towels, toilet paper, hygiene supplies and many others things of regular usage. Take a lot of them, if the price is really sweet and probably won’t last for a long time period. Those items are never going to be extra in any house. 

Don’t overpay for brand names 

It’s silly to choose expensive brands out of other good items. Imagine how great you can save just on buying products, that aren’t famous, but still reliable. And do not be afraid to buy things being used to save some cash. If you have not enough money to purchase a new computer, you can buy a used one until you have money to pay for new. 

Don’t be tempted by multiple item sales 

It often happens, that grocery stores offer profitable deals, such as “get 3 for $10” and things like that. Meanwhile you may consider this option a good way to save, you can be wrong: sometimes, if you need less than 3 items, you would rather loose, than win. The reason is the actual price difference form original one that may be just a few cents. Then the offer doesn’t make any sense at all.


Taking a calculator from home is the best way to look for only those deals, which actually help saving some cash, not just buying extra stuff that will never be used again. 

Why not do couponing? 

If your parents or grandparents are keen on doing couponing, you might want to follow this habit as well. It doesn’t take that much time to cut coupons out of mail advertizing or so, however with them you’re able to open hundreds of opportunities on food savings. Five or ten dollars of savings each time you go grocery shopping can create a huge amount of money annually. 

Home Ownership

Downsizing and De-cluttering Your Home

Most people aim to buy their own house and achieve the American dream. This can provide a safe and comfortable place to raise a family, and with ownership, there’s the opportunity to build equity and increase one’s net worth.

However, your financial situation can change rapidly. Perhaps you earned a sizable income in the past that afforded many comforts and extras. A job loss, retirement or a divorce can have an impact on your income, and if you find yourself with less disposable cash, downsizing may be the only alternative. This isn’t the most exciting situation to deal with, but the sooner you act, the sooner you can get your finances back on track. 

Downsizing includes the task of de-cluttering and moving out items. Since you’re looking for a cheaper rent or mortgage, your new home will probably be smaller than your present home. Understandably, you may want to retain as many of your possessions as possible. But with less square footage, this isn’t always possible. Need a practical solution? Here are three simple tips for downsizing and de-cluttering. 

1. Look for a place with plenty of storage. Although you may sacrifice square footage to save money on housing each month, you don’t have to sacrifice storage. Pay close attention to the closet space and other storage areas in the homes or apartments you check out. Can the closets accommodate your clothes? Is there a utility closet or attic space? Adequate storage lets you keep more of your treasured belongings. 

2. Get rid of some items. Be honest with yourself. In all likelihood, there are several items that you can part with to free up space in your new house. If you have clothes or shoes that you haven’t worn in over a year, donate or give them away. If your new house has less living space and fewer bedrooms, sell your excess furniture and generate extra cash. This extra money can help with your moving expenses, or perhaps pay down debt and other bills before you move. 

3. Find a local storage unit. Maybe you’re retiring, selling your house and moving to sunny Jacksonville, FL. If moving from a big house into a condo or smaller house, Uncle Bob’s can provide a safe home for items that you were unable to sell or donate. Rather than clutter your new space with extra boxes and furniture, take these items directly to your storage unit. 

Some people downsize by choice in order to simplify their lives and enjoy their earnings. Others, however, downsize to avoid financial ruin and credit damage. Regardless of the reason for seeking cheaper, smaller accommodations, downsizing can have a positive impact on your finances. The extra money can help increase your personal savings, pay down credit card debt or alleviate living paycheck-to-paycheck. Rather than view downsizing as a step backwards, view it as a step in the right direction. Besides, the less you owe, the sooner you can reach financial freedom.  

Mind Over Money

Stop Being Persnickety

Creative Commons License photo credit: h.koppdelaney

Persnickety. Yea I never heard of it before. I found it by looking in a thesaurus for picky. I thought it would get your attention.

Anyways, as I said in my series on coupons, being picky can cost you a lot of money.


Just in case you didn’t know, most store brands are made from the same manufacturers that produce the name brand. They come from the same factory and every thing. So why do you insist on buying the name brand? Is it because of loyalty? Quit it!! That’s costing you money that you could use for your future self and/or children. It all tastes the same. And don’t get me into soda. You shouldn’t even be drinking soda it’s bad for you. Drink water from the faucet…it’s actually good for you.


The intent of a vehicle is to get you from point A to point B. Marketing made you believe that it’s to make you a better person. It’s not. So don’t make up your mind on what vehicle you want before you go shopping for one. Set a price point and then you can be picky, but if the car is out of your price point then either try to get them to sell it to you at that price or don’t get it. Don’t try and talk yourself into getting it. Your really just hurting yourself in the end.


You’re obviously paying for the label if you buy designer clothes. Stop!! They are way overpriced. Remember that the only reason they are that expensive is because people are willing to pay that price. Don’t be a fool.

That $100 Abercrombie & Fitch pair of jeans cost about $20 to make…if that. You’re paying for the name. Sure you can say you’re paying for quality. But I’ll say that makes no sense. Lets say that A&F jeans last 4 years and a $25 pair of jeans last a year. At the end of those 4 years I’ve spent the same price plus I have 4 pairs of jeans.

The cheap stuff isn’t really as bad as you think

So yea, don’t be so persnickety and save some money.

Is there a certain brand or item you must have and can’t have a substitute?