THE DOLLAR STRETCHER

"Living Better...For Less"


November 29, 1999
Volume 4, Number 48


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In this issue:

Introduction

Credit Card Tricks
by Elaine Silverman

North of the Border
Mulch and Other Thoughts
by Pat Mestern

Finding the Best Ticket Price
by Gregory Thomas

A Money Quote
courtesy of Great Quotes!

Tips, Quips, Quotes & Questions

New on The Dollar Stretcher Website


Introduction
by Gary Foreman
gary@stretcher.com

Hello to all my Frugal Friends!
With this issue we get full into the swing of the holidays. Shopping, baking, parties and travel will all demand our attention. We'll try to give you some help to keep your sanity and your budget intact!

One site that your smaller children might find interesting is www.emailsanta.com. They can safely email a letter to Santa. Emailing Santa together with your child is a great way to keep their expectations reasonable (after all, even Santa has to budget). If you'd like some holiday humor you can read the letters that come in to Santa's email box. There's even some reindeer games that your kids will enjoy.

Before we get into this week's issue we want to take a moment and wish a very happy Chanukkah to all our Jewish friends. May it be a blessed time for you and your family.

All the Best!
Gary


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Credit Card Tricks
by Elaine Silverman
newsightpublications@newsightpublications.com

Credit card companies use numerous legal, but underhanded tricks to get more of your cash. Even if you have recently switched your credit card balance to a card with a low interest rate, beware!

Credit card companies are required by law to post your payment to your account on the day it is received. But they often use some sly tricks to avoid doing that, legally. Here are some ways you can outwit the credit tricks, and make sure you don't fall prey to losing your low interest rate and/or having to pay a late fee.

1) Be sure you write as neatly as possible. Credit card companies are legally allowed to hold for five days and re-route all "illegible" payments to another department.. and thus your payment will be "late" before it is posted.

2) Never include an additional note about anything in with your payment. If you are adding additional money in your payment for the principle, (i.e. making more than the minimum payment due), do NOT add an extra note with your check, and do NOT write on your payment stub. All payments received with extra notes are also legally allowed to be held and routed to a different department... and thus your payment will be "late" before it is posted.

3) Make your payment twice every month, instead of just once. If you break your payment in half, and send it in twice each month, making sure that both payments are received well before the final due date, you eliminate some of the interest which accrues. This may not be a huge amount per month, or may not seem like very much when you do this for just one credit card. But if you have multiple credit card debt, and you can afford to only make the minimum payments required, using this method will save you a significant amount of money when added up over time, and you won't have to spend any more money to pay your bill than you already are now.

And after all, keeping more of our hard earned cash in our own pockets is what it is all about!


From the free weekly newsletter Shoestrings, by Elaine Silverman. A sample of Shoestrings can be found at www.newsightpublications.com/shoestrings or can be requested from shoestrings@newsightpublications.com Viewing or requesting a sample will NOT subscribe you.
Ms. Silverman has been certified as a Debt Reduction And Credit Consultant.


North of the Border
Mulch and Other Thoughts
by Pat Mestern
pat.mestern@scottishshop.com

Of course my neighbours think I'm crazy, but with snow flurries in the air, I fired up the lawn mower and concentrated on fertilizing my lawn, and that of my elder neighbour. I was working with the piles of leaves that have fallen from maple, apple, pear and beech trees. We don't rake leaves around our place. As they fall we use what is needed to lay a layer of mulch in the vegetable garden. We use leaves to mulch around tender plants (tree peonies, heather, roses & etc) before running the lawn mower over the remaining carpet - several times. We never purchase lawn and garden fertilizer. Leaves do the trick for us. By bagging leaves and putting at curbside for take-away, you are throwing a quite a few "fertilizer" dollars into your local landfill. Cutting with a lawn mower in the late autumn/early winter and letting nature take its course with the resultant leaf mulch will ensure that your lawn comes up green and a little healthier in the spring. Mower cut mulched leaves break down nicely during the winter so that there is very little residue to rake in the spring.

There is one exception to cutting leaves with a lawn mower. In our part of Canada, salt and sand are used extensively on highways and byways. When big road plows come through, slush and snow containing salt and sand is thrown unto boulevards. To combat the effects of this lethal "cocktail" we leave a thick layer of leaves on the boulevard to act as a winter mat. This leaf mat collects the "cocktail" all winter. As soon as possible in early spring, we rake carefully roll-rake from sidewalk to roadside. Because it is so thick the leaf cover rolls up, salt and sand included, just like a mat. After it is deposited at curbside, town crews are kind enough to take it away. If such service is not available in your community, there are several uses for the mat, that is now easily handled. It can be laid against a fence - or anywhere that you are trying to control weeds. It should not be put on your garden as it is full of salt and sand. When I know the dressing soil won't be used for several years, I have put mats in a large open compost and let nature take its course.

Want a tip about a free winter wrap for trees? Automotive body repair shops up our way get bumpers wrapped in white insulative packaging that looks a lot like sheets of pliable plastic paper. I have no idea what the official name is for this material. These sheets make excellent insulative wrap for tender trees. I wrap the trunks of wisteria and kiwi. My mission figs are blanketed with the material and it works. Check your nearest automotive body repair shop to see if they receive this material - and what they do with it. I scoop it FREE because it is slated for a landfill site.

A reader asked about preserving newspaper clippings. Do I have the solution for him. This little tip was given to me by my grandmother. I have clippings from her collection dating to 1907 that are in excellent shape. They haven't browned, brittled or disintegrated. The estimated life span for newspaper clippings preserved in this way is 200 years. Dissolve one milk of magnesia tablet in one quart of club soda. Let sit overnight. Pour this mixture into a pan large enough to hold the flattened clipping. Soak the clipping for one hour, remove carefully to a mat of paper towels. Pat dry and leave on the mat until completely dry. If you don't use paper towels, use a tea towel as a mat.

What about empty margarine tubs, someone asked who suffers a rain of tubs every time she opened her cupboard door. How about using them to store nuts, bolts, screws, nails & etc in basement or garage. Put a sticky label on each to indicate what tub holds which item. Stack them alphabetically. Store dried fruits and vegetables in them. They are excellent containers for freezer use and hold two servings of stew, chili, soup & etc. I use them to store crayons, small toys, doll's clothing, rubber stamps . . . Children view them as "treasure" because them never know what is under the lid of a margarine tub in their toy chest. Store office supplies in tubs. Label each to indicate, stamps, paper clips, elastics . . . Use as flower pots. Punch holes in the bottom and use lids as saucers. Tubs are good for mixing paints and cleaning paint brushes. They make good containers for garden seeds, craft supplies and found collectibles. One fellow I know keeps small semi-precious stones in margarine tubs. Another makes art objects of tubs with paint, buttons, feathers, artificial stones and costume jewelry. He used to give them to residents in nursing homes, and to church groups that held rummage sales. His tubs are getting so sophisticated now that he sells them at craft shows. Some of his early models are selling for a good price on the "secondary market". Imagination can be a great asset, can't it.


Periodically Pat Mestern provides us with frugal living tips from a Canadian perspective. Her family is responsible for The Scottish Shop www.scottishshop.com. Please drop by and visit.
You'll find some of her other musings at www.mestern.net.


Finding the Best Ticket Price
by Gregory Thomas

Copyright 1998-99 www.valulinks.com

It the wild and wacky world of "airfare wars", the rate you pay for an airline ticket all depends on where, when and how you buy your tickets.

The farther in advance you plan your flight and the more flexible you can be with your schedule, will result in a lower airfare rate.

Here are some general guidelines you should follow when booking any type of airline reservation:

  • Book your flight at least 14 days in advance. Why? Airlines like to know how crowded each plane is going to be, so booking early will probably get you a lower rate.
  • Avoid traveling on Friday evenings and Monday mornings. These are the two busiest days (aside from holidays) for airlines.
  • Stay away from holiday travel if at all possible. Plan your trip a little before (or after) to avoid the crowds and airfare increases.
  • Best time to travel: November 1st- December 15th.

    Here is a list of sources you should check out before ever calling a travel agent or airline. They are organized in the order you should explore prior to giving your credit card number for a ticket reservation.

    Courier Companies

    Going through a courier company is by far the cheapest way to fly, period. How much cheaper? Sometimes more than half off the lowest coach fare. So what's the catch?

    Courier companies offer extremely low priced airfares to individuals willing to "sacrifice" their luggage allowance for a particular flight. In other words, you will be carrying their "luggage" in the place of yours.

    These are legal temporary arrangements that are done thousands of times everyday and can be an excellent money saving opportunity (if you can part with your luggage space).

    Remember, legitimate courier companies can only operate with a license, and 99% of the time you never even see/touch the "luggage" you are transporting. You simply meet a representative a few hours before the flight and hand papers to a representative once you arrive at your destination.

  • Air Travel Couriers www.courier.org
  • Air Courier Association www.aircourier.org

    Consolidators

    Consolidators buy tickets in bulk and then pass the savings on to you by selling the tickets at a discounted rate. Expect an average discount of 20% off regular airfare ticket prices.

    One disadvantage that you'll find, is that flights booked through consolidators aren't as frequent as you might like. If your schedule is time/day specific, you might not be able to find an accommodating flight.

    You can find information about quite a number of consolidating companies in the travel section of any major metropolitan newspaper (particularly within the Sunday edition). Look for the ads offering "super low rate airfares".

    Online Discounts

    Use resources on the Internet to help save you money off your next airline ticket. Get prices quotes from term specific searches and even direct access to online reservation systems.

    Beware, the price quotes that you find at a web site are JUST the price quotes in that particular database. Another site or airline might be offering a lower rate that is NOT listed in their database, and in turn, will not show up on a search query.

    Here are some resources to help you start your online search for low priced airfares:
    Airline Auction www.skyauction.com
    Budget Travel Online www.frommers.com
    Expedia www.expedia.com

    Email Services

    Most major airlines now offer special email notifications to inform subscribers about special discounts and last minute "deals". Simply go to the home page of any major airline and look for the appropriate subscribe option.

    You will then receive email notifications of special airfare rates. For example, on a Sunday night, you might receive the following: 'Flight number XXX from Seattle to Miami leaving Tuesday departure time 2am - half price $189 round trip'.

    You'll find many great airfare prices, but you'll also find that most flights depart in a matter of days, giving you very little time to prepare. However, if you fly regularly and foresee flights in the near future, check your email for possible savings!

    Travel Agents

    After you have explored all your options, contact a few travel agents to see what they can offer. You might come across a deal or two.

    Travel agents will be able to check the airfares amongst ALL the airlines they deal with and possibly suggest less expensive flights that fit your scheduled plan. It pays to check with a few travel agents before buying, in order to get the lowest priced ticket possible.

    Airlines

    Usually if you want to purchase a product/service for the lowest price possible, you would buy directly from the source. Not in the case for airline tickets.

    Since airlines know that people are going to fly "the friendly skies", and most will not take the time to research their opportunities, airlines can charge whatever they want (especially during the holidays).

    The only time you should call an airline is to check and see how much money you saved by exploring your other options. Your pocketbook will thank you for taking the time to investigate lower ticket rates.


    Gregory Thomas edits "Money Saving Tips" - www.valulinks.com Your source for FREE articles, tips and advice designed to help you save money. You can also take advantage of our free bi-weekly "Money Saving Tips" newsletter for added money saving opportunities.


    A Money Quote
    courtesy of Great Quotes!

    "If your outgo exceeds your income, than your upkeep will be your downfall."
    -- Bill Earle


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    Tips, Quips, Quotes and Questions

    Food Co-Ops

    I recently started a food buying group by contacting a friend whose husband is a wholesale food rep. We met and I gave him an initial list of what type foods we were interested in. I made up an order form and several of us placed a $1,200 order. Our next order topped $2,000 and the last $3,000. I learned some very valuable (expensive) lessons.

    You can get too big. Handling the money becomes a nightmare if you don't have some strict rules. We have several congregations worth of people ordering. Some changes we have made include
    a) each group orders for themselves with the rep.
    b) If that were not the case, it is important to have one check for the group- as opposed to 20 checks.
    c) Charge a fee to join the group and use it to establish a checking account for your food buying group. Don't do what I did and work out of your own checking account.
    d) have a rule that you must volunteer to help divide up the order when the truck comes- Not everyone but one person CAN NOT do it alone
    e)Require on time pick up OR charge a late pick up fee. I have babysat people's food in my garage for weeks. It can be very annoying.
    f)Don't get into splitting cases. Take the whole case or work it out with a friend and divide it elsewhere.
    g) Have two people check the money.
    h) Be sure people understand that sometimes the truck comes and things are not on it. They get their money back and if they yell...they may want to find another group. I hope I don't sound like a shrew. I have two cases of Karo syrup in my garage that someone ordered - then swore she did not. I have no use for $72 in corn syrup... which came out of my checking account. As a protection for everyone, people need to think through the rules.

    On another tangent... How do you find a food wholesaler ? They sell to restaurants, nursing homes, schools etc. Ask someone at a local nursing home for the name and phone number of their reps. These people work on commission. They WILL talk to you if you plan on ordering $500 or more. Less than that really is not worth their time because you won't be a weekly customer. Also, remember bigger is not always cheaper. We save some serious money on some items... but other items are MUCH higher than you can find in the grocery store every day.
    Francie B.

    Less Expensive Braces

    Check to see if your employer has a medical spending program. This is a program whereby a specified amount of money is taken out of your paycheck on a pretax basis. It cuts down on you taxes and you can send in for reimbursements immediately at January 1 of each year, even if the full amount has not been taken out yet.

    Another option is to begin to prepay immediately with your selected orthodontist, before your child has braces put on.

    Also you can perhaps look for a younger orthodontist that may be starting his/her own practice right out of their training program. Often their fees are lower and they may be willing to take a portion of the fee off for a confirmed referral. This latter option you may even be able to work out with a more established doctor.

    Above all, do not be afraid to approach the doctor himself/herself (in fact if you are going to propose something out of the ordinary, start with the doctor). Oftentimes, the billing people will tell that something is not possible when the doctor will agree to a proposal. This is because the billing/administrative/secretarial people are working from a set of ground rules but the doctor has the ultimate say. Hannah

    Editor's note: more suggestions at www.stretcher.com/stories/99/991129a.cfm

    Homemade Christmas Decorations

    Some easy inexpensive decorations are...
    --Hot glue a ribbon to the top of a pine cone and tie a bow. The pine cones can be spray painted or left natural, depending on your decorating style.
    --Make up a kids' dough recipe, cut out shapes with cookie cutters, pierce a hole in the top and bake, then paint. Make sure kids know they're not edible. Alternately, you can make actual cookies and let the family munch them.
    --large candy canes
    --ribbons tied in bows throughout the tree
    --silk flowers
    --You can buy unfinished flat wooden shapes like hearts in craft and sewing stores for about $2-$3 per 50 or so. Paint them and personalize them, then either drill a hole to hand or hot glue a ribbon on.
    --Ruined Christmas ornaments can be re-used... if the silk threads come off the plastic balls, paint the balls and glue ribbon or beads around them. Chipped paint on glass ornaments can be removed with some homemade solvents (a web search should turn up recipes, I can't remember offhand), and they can then be filled with dried flower petals or you can dribble paint inside and let it run in interesting patterns.
    --You can use plastic canvas and yarn to quickly make little 2" boxes that look like presents. Simply use any stitch you like on 6 squares and then join them in a square and form a bow on top and hang. I stitch in an alternate color up the sides so it looks like they're really tied with ribbons.
    --Small children's toys or booties can be sentimental ornaments and cute.
    --Jewelry works, especially with Victorian trees. Anything from drop earrings to gold bracelets can add sparkle and charm.
    --You can buy beads and fake pearls by the yard in sewing stores for much cheaper than garland in stores. Besides draping it the traditional way, you can cut smaller lengths and drape them over branches like icicles.
    --Craft sites on the net can provide lots more ideas too.
    Alicia

    Editor's note: more great holiday decorating ideas at www.stretcher.com/stories/99/991129b.cfm

    Please send your tips to gary@stretcher.com with "Tips" as the subject. If you'd like to receive more tips please subscribe to Dollar Stretcher Tips by sending a blank email to subscribe-ds-tips@xc.org


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    New Stories on the Website This Week:


    Less Expensive Braces
    http://www.stretcher.com/stories/99/991129a.cfm

    Homemade Holiday Decorations
    http://www.stretcher.com/stories/99/991129b.cfm

    Making a List, Checking It Twice
    by Laura Miller
    http://www.stretcher.com/stories/99/991129c.cfm

    New College Savings Programs
    by Julie Kletzman
    http://www.stretcher.com/stories/99/991129d.cfm

    Envelope Stuffing
    by Bob Osgoodby
    http://www.stretcher.com/stories/99/991129e.cfm

    Simple Room Make-Overs
    by Annette Rogers
    http://www.stretcher.com/stories/99/991129f.cfm

    De-Stressing the Holidays!
    by Jacqueline McLaughlin Hale
    http://www.stretcher.com/stories/99/991129g.cfm

    Replacing a Bath Tub
    The Natural Handyman
    http://www.stretcher.com/stories/99/991129h.cfm

    Bad Battery, Or?
    Ask Bob: The Auto Answer Man
    http://www.stretcher.com/stories/99/991129i.cfm

    Conquering The Paper Piles In Your Home
    by Janet M. Taylor
    http://www.stretcher.com/stories/99/991129j.cfm

    Time to Lock In Your Variable Mortgage?
    http://www.stretcher.com/brm/991118.htm

    Lessons in Disaster Preparedness
    http://www.stretcher.com/brm/991119.htm

    Beware of Hidden Damage on Used Cars
    http://www.stretcher.com/brm/991119a.htm

    Financing a Home Remodeling Project
    http://www.stretcher.com/brm/991122.htm

    The Right Sign for Your Business
    http://www.stretcher.com/brm/991122a.htm

    Finding a Free ATM
    http://www.stretcher.com/brm/991123.htm

    Credit Card 'Gift Offers' Come With a Catch
    http://www.stretcher.com/brm/991124.htm

    A Business That Gives to the Community Gets Many Returns
    http://www.stretcher.com/brm/991124a.htm

    Reverse Mortgages Help Seniors Cash In Without Cashing Out
    http://www.stretcher.com/brm/991125.htm


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    Copyright 1999 "The Dollar Stretcher, Inc.". All rights reserved unless specifically noted.

    Write to the Dollar Stretcher at:
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