Showing posts with label saving money. Show all posts
Showing posts with label saving money. Show all posts

Tuesday, May 7, 2013

Remodeling? Avoid These Costly Mistakes


While many Americans are ready to take on remodeling/renovation projects this spring, doing it the wrong way can be costly. Some errors to avoid:


Not knowing exactly what you want

If you don’t know exactly what you want or specify what you want, you’re going to get what the contractor thinks you want. And it could end up costing you dearly! For home remodeling design ideas, inspiration and a whole lot more (including cost estimates), check out Zillow Digs (free on the iPad or the Web). You can search by style, cost or room. And what’s really cool is that you can search by specific elements within a room, such as quartz or granite countertops, for example. Share your boards with your contractor so that you’re clear on your objectives.

Hiring the first contractor who comes along

Sure, he may seem nice, and he may seem competent, but have you checked him out? What do your friends say about him? Have you contacted his references? Seen his work? Are there any complaints lodged against him? (P.S.: The Better Business Bureau just released its top 10 list of inquiries from consumers, and half relate to home improvement.) What do subcontractors and suppliers have to say about their dealings with him? Is he licensed and insured? As excited as you may be about taking on this new project, you need to do a fair amount of due diligence.

Jumping at the lowest bid

Get at least three bids, and throw out the lowest one so as to avoid the inevitable consequence: cheap materials, shoddy installation, etc. Don’t invite trouble in! Rather, hire someone who not only comes in within target, price-wise, but is someone you feel personally comfortable with.

Not insisting on a written contract

Every detail about your project should be included in a contract, from the start date to the approximate completion date, right down to the brand of fixtures to the number of coats of paint. Be as specific as possible! Also important: setting a time limit for fixing defects so that if a dispute arises, it’s not endless.

Not setting a payment schedule

How you pay a contractor is almost as important as how much. Spell out the payment schedule in the contract, beginning with the amount to be paid upfront (which should be no more than 30 percent).  Periodic payments after the work starts should correspond to completed segments of the project. And the best way to ensure that work gets done when and how you want it? Leave a significant sum (at least 10 percent) to be paid only when the job is completed to your satisfaction.


By: Vera Gibbons

Sunday, March 31, 2013

Guide to a Well-Organized Pantry


Spring cleaning is here!! With summertime parties just around the corner, you'll want to clean house to make sure your shindig is the talk of the town! While the space in your home is important, little things like your pantry can be forgotten! What you need is a master plan to get your pantry well-stocked, well-organized and ready for duty.

5 Universal Rules
Whether your pantry is a few shelves in the cupboard, a walk-in closet or three deep drawers, you can make it work. Just stick to these rules:
1. Know what you use. How to know what to keep a stash of? Ask yourself what you eat most. If you love rice, then a 20-lb bag is great (if you’ve got the space). If you’re crackers about crackers, sure, keep a row of them. Avoid the common mistake of filling your pantry with foods you don’t often use, such as a supersize bag of flour or a row of powdered drinks.
2. Shop small. I know, this is contrary to the dogma of rolling up to Costco in your minivan, but you don’t need a pantry that can feed your family through autumn, bomb-shelter style. The idea is to keep all items in your pantry constantly in use, filling the space you have with whatever healthy foods you might need. “People tend to go to warehouse clubs and buy giant family packs, then those huge boxes sit half-used for a year,” says Scott Dolich, chef at Park Kitchen restaurant in Portland, Oregon. Buy in bulk only the stuff you use often.
3. Go canned. “A lot of people think canned goods are not as fresh, but canned vegetables are picked at their peak freshness, so they’re a great way to keep your pantry stocked,” says David Mechlowicz, culinary purchasing manager for Food Network. You can also enhance what you’re serving by adding fresh items to canned products. In other words, when you want to make a stew or soup or spruce up pasta, canned tomatoes are better than no tomatoes. Ditto with artichokes, pineapple, and pretty much every fruit and many nonleafy veggies.
4. Unwrap. “Most people don’t unwrap excess packaging before putting away foods,” says Lorie Marrero, author of The Clutter Diet. “Take paper towels, for instance. Cut off that overwrap that holds the rolls together, and you can fit individual rolls much easier.” Ditto for soda, snack packs and multipacks.
5. Be cool. Pretty much all pantry items do well in cool, dark environments. “Store foods away from your stove,” says Dolich. The biggest threat? Nearby appliances giving off heat. Dampen your hand and feel around your pantry to make sure the fridge or dishwasher isn’t heating it.

What Goes Where?
You want to create a pantry filled with easy-to-see foods in active rotation. Professional organizer Chris McKenry, a board member of the Los Angeles–based National Association of Professional Organizers, tells you how to transform your pantry.
Step 1: Clean it out. Purge. Which in this case means eat. Go through your pantry and pull out absolutely everything. Split your items into two piles: stuff you use and want to keep, and foods you haven’t touched in at least three months (if you haven’t used it by now, you’re probably not going to use it). For the stuff you generally don’t use, decide whether to toss it, donate it to a food pantry or serve it imminently. If it’s shake powder from that diet you did three years ago, toss it. If it’s cereal you just haven’t gotten around to eating, serve it soon. “Free up space so that you have room for what you really need,” says McKenry. And regift those gift baskets that take up half a shelf.
Step 2: Consider relocating. Not you, your stuff. Your pantry probably has more than a few non-food items. Perhaps the DustBuster and mop are in there. Waffle iron? Serving platters? Ask yourself, Is there a better place for these things? Here’s a secret: Doors are the great underutilized spaces in pantries. If your cleaning supplies must stay, at least get them on door hooks. I like the Reisenthel Big Eye Wardrobe Shelf. You’ve probably seen it in someone’s coat room, but its four hooks are perfect for hanging brooms and mops, while the shelf works for paper towels, all-purpose cleaners and the like ($35; Amazon.com). Or try The Grook Holder, a strip of rubber pressure clamps that hold cleaning products, gardening tools and more ($19.99; Casabella.com).
Step 3: Create zones. Group your pantry items by type—grains, drinks, pet food, baking items, canned goods, soups, snack foods, etc. And group similar items within each zone (all the canned pineapple in one cluster, canned peaches in another). The items in each zone (rice, couscous and pasta, or canned fruits and vegetables) tend to be interchangeable, so this way you’re working toward your goal: healthy meals. Each zone gets its own dedicated shelf or drawer. If your shelving doesn’t naturally separate the zones from each other, create separations. Shelf dividers, like the ones used for sweaters, work great ($7 for 2; Organize.com). Large items or jugs that you rarely use go in bottom corners.
Step 4: Label. If it makes sense for you, label the edges of your shelves with what goes there. You and the potentially confused people you live with are pretty likely to put cereal on the shelf labeled cereal.
Step 5: Make it visible. You want to be able to see everything and grab it with one hand. “Builders often design pantries with fixed shelves that are 1 to 2 feet apart,” says Barry Izsak, of the home organizing company Arranging It All in Austin, Texas. “If you use those shelves for cans or boxes of rice and soup mixes and so forth, there’s tons of wasted space, and tons that you can’t see.” For items that are hard to see or blocked by other items, consider these organizing helpers:

Bleachers: These cheap, functional little bleachers turn one shelf into three or four. Ideal for fixed shelves that are far apart. (Stainless Steel 3-Tier Expanding Shelf expands from 14" to 27 ¼" wide; $22 at The Container Store.)
Turntable: Nothing gets lost in the back if you can spin to find it. The OXO Softworks 11" and 16" turntables can hold a couple dozen cans each, and are also great for corraling bottles and jars ($11.99 and $16.99; OXO.com).
ShelfGenie: Want a truly customized kitchen? Consider ShelfGenie, the company that personal organizers have a crush on. A representative will come to your home, measure and install slide-out drawers and shelves throughout your cabinets and pantry, transforming deep cabinets into shallow, easy-to-access hubs ($500 and up; ShelfGenie.com).
Bins: Place them on deep shelves and pull them out drawer-style. Ideal for snack packs. The basic cloth bins from Target are great because they come in three different sizes ($39.99 for set of 3; Target.com).

Pantry or Not?
Bread: You may think it will last much longer in the refrigerator, but that will actually make it go stale faster, according to the Wheat Foods Council. The best way to store bread is to wrap it tightly in plastic wrap and keep it at room temperature.
Peanut butter: Some people like to leave peanut butter on the counter, a remnant of the fact that pantries a half-century ago were chilled. Yours should go in the fridge, along with all opened condiments (except oils).
Garlic, onions, potatoes: These should be kept in a basket or baskets—one for each kind of item—in the pantry, where it’s relatively cool and shielded from heat and light. Stored properly, they can last for up to 4 weeks.





By Arianne Cohen

Thursday, January 3, 2013

Six Money Saving New Year's Resolutions


“I will pay less tax” may sound like a good New Year’s resolution, but it may not be possible in 2013... Besides, resolutions should be manageable and concrete. Here are six that will save you money in 2013 and beyond.

1. I Will Consider Taxes Before Signing Agreements: Most agreements you sign in business have a tax angle. Many in your personal life do too. Settlement agreements resolving litigation, a sale agreement for a company or real estate, a lease for office space, an option to buy property, or a license agreement to use property can all have a tax impact. Consider taxes before signing and negotiate what you can.

2. I Will Pay Attention to Every Form 1099:  Each one of these slips of paper bears your Social Security Number and will be matched to your tax return. Their importance is increasing. It’s almost January when the ubiquitous forms show up in the mail so get ready. Pay attention to these forms–the IRS does. 

3. I Will Keep Good Records:  Good records make any tax matter vastly easier. Keep proof you timely mailed returns, protests, correspondence, etc. So you can prove when you sent it, send it certified, FedEx or other approved provider that proves timely mailing and receipt. 
4. I Will Consider Taxes Before Hiring “Independent Contractors”: Few consumers consider whether the plumber doing a one-time task is an employee or independent contractor. But if you’re in business and have continuing relationships with workers, consider whether an independent contractor relationship will stand up. 2013 could be a big year for reform.
5. I Will Handle Tax Notices Promptly: Many tax lawyers and accountants find that many clients do not deal with problems promptly. Often, tax professionals could achieve a better result if they were brought in earlier. Whenever possible, be prompt. When you need an extension, get it in writing.
6. I Will Run Numbers: Often, there’s no way to know if you’re getting a tax benefit from a deduction without running numbers. Whether you prepare your own return or have a preparer, running numbers will help you make better and more informed decisions. Multiple scenarios are especially helpful with AMT.

Whatever your New Year’s resolution, 2013 promises to be a year with major tax developments.