On-Campus vs. Off-Campus Living: Which Is Cheaper?
My daughter lived on campus the first two years and then moved off campus. We found the costs to be more. She lived in a college town, and the rents weren't cheap. We had to get her a car in order for her to live off-campus, so this added to the cost. However, you mentioned that your child would have a car regardless. In your case, I think the costs would be the same.
When she went to college, they had different meal plans. She was not a big eater, so we saved on the cheaper meal plan. If she is going to cook her own food off-campus, you will save. Many students eat out all the time, and that will end up being more expensive than when they lived on campus. I would advise getting your daughter a slow cooker and, if you can afford it, an electric multi-cooker.
Putting costs aside, I would think about the safety of the neighborhood. There is security on campus; there isn't outside. If you are concerned about your child's welfare, you might want to have him or her stay on campus. My daughter's neighborhood was safe enough for me to allow her to move off-campus.
I do think most students enjoy the experience of living on their own. You can't really put a price on that. When they get to be juniors and seniors, they really don't want to be living in the dorms anymore with the freshmen and sophomores. If you can afford it, I would let your child live off-campus.
editor's note: Visit here for more on on-campus versus off-campus living.
How Much Electricity Does My Slow Cooker Use?
I plugged my slow cooker into a Kill-a-Watt to check its usage, and I noticed that it fluctuated from 234 watts to 161 watts to 75.4 watts. I also observed that the exterior temperature (checked with an infra-red thermometer) read 235 degrees. Now, I place it on the stove with the exhaust fan running on low over it to get rid of the heat. In South Florida in July, it's nice to not have the oven heating up the house and making the A/C work harder.
Additional TDS Resource: More on slow cookers and energy usage
Buying Your First House
We purchased our first house late last year. We had saved plenty for a down payment and thought that we had things covered, but we discovered some surprises. We used a mortgage calculator to estimate our monthly payments, but we didn't include anything for taxes and insurance. Taxes alone are over $400 each month where we live! We also didn't have anything set aside for unexpected expenses like the fridge that died in March. The one we really wanted was close to $2000. Since we were forced to put it on our credit card, we settled for one at $950. I'd advise anyone thinking of buying their first home to save up three to six months' worth of mortgage payments, insurance, taxes, and emergency fund.
Additional TDS Resource: Should you get a home inspection?
The Little Things
I have found many ways that I have overlooked waste out of habit. The one I realized this morning is the need to measure cooking ingredients instead of eyeballing. I can't tell you how much most of us probably add because we just pour without measuring. I grew up cooking this way and just using products in general. I definitely think that if we make an effort to pay closer attention to this (those of us who do not), we will see a big difference in the amount of time our purchases last. A while back, I made this change with dishwashing detergent and saw an unbelievable amount of savings.
Additional TDS Resource: How small savings can add up to big results
My wife and I like to go out to eat but only can afford to do it about once a month. One trick we've learned is to sign up for email alerts from our favorite restaurants. Some send out 10 or 15% discount coupons. Others offer free desserts for birthdays. It doesn't cost anything to register. We get a lot of junk emails, but these are among our favorites!
Additional TDS Resource: 10 tips for dining out on the cheap
Protect Your Rental Deposit
Getting your rental deposit back when you move out can be difficult. Some landlords claim all kinds of damage. The only way to protect yourself is to take pictures or videos of the apartment or house before you move in. Send a copy to your landlord to let him know that you have photographic evidence of how things looked when you moved in. When you move out, you can take similar photos/videos. If you get into a dispute, it'll be easy to provide evidence that you didn't do the damage that the landlord claims.
Additional TDS Resource: Don't miss these clever ways to reduce your rent
A Free Vacation Day
With theme parks running $100+ per person per day, our vacation was getting very expensive. This year, we are planning one day a week where we'll be doing free things. We've been searching for ideas. We are considering free city parks, recreation areas, historical landmarks, and factory tours. We are open to anything that could be interesting that doesn't have an admission fee!
Additional TDS Resource: Don't miss these free vacation attractions sorted by state
Help Getting Organized
With the lovely lazy days of summer, it is nice to have time to get a bit organized. My kids are tweens and teens now, and they are competitive with each other. We have been doing daily challenges, such as "Sort Your Sock Drawer" where all five of us spend five minutes cleaning out one small space in our own bedrooms. I put on music and make it fun, and we all found some sock matches and things that belonged in other family member's rooms. It is definitely a frugal win to find "free" socks in our own house. Tomorrow we will tackle our t-shirt drawers and see what fits and what is ready to be passed on. Doing a little bit every day or so will make back-to-school shopping easier since we will know what we have and what we need.
Jen in Aptos, CA
Additional TDS Resource: Visit our library section on "Eliminating Clutter"
Earning Extra Income
The article "8 Easy Ways to Make Extra Money" failed to mention the costs for some of the money makers. For instance, if you rent out your home/room, you will need to contact your insurance agent about adding a tenant clause to your policy. Also, if you use your vehicle for hire, your auto policy will be void during business use unless you advise your carrier of the usage change for the vehicle. The painting gig may have additional costs, such as bonding or insurance requirements by the homeowners insurance.
editor's response: Carla's right. The article did not include some of the costs that you might incur earning extra money. Before you start any new venture, you need to consider the potential expenses involved. I'd expect that companies like Uber and Lyft would advise potential drivers of insurance requirements, but whether they do or not, it's important to consider expenses. The article was intended as an introduction to the subject to get readers to think of some ways to bring in extra income. Perhaps in the future, we can do an article on the expenses Uber drivers incur.
We've cut back on our air conditioning this summer, but that's made it hard to sleep at night. I have a ceiling fan, but it doesn't do enough. The last few nights I've misted my top sheet before getting in bed. The circulating air from the ceiling fan on the sheet is just enough to get me off to dreamland!
Protect Your Valuables
Everyone knows that you need to have home insurance, but working for an agent, I also know that if you have any valuable collections, you should consider a separate rider to cover them in case of fire or theft. Most policies only cover to $500 or $1000 for collectibles. I've seen people insure collections of baseball cards, figurines, and even gas station maps that they said were worth more than that. If they have a fire or burglary, they'll be properly insured!
Additional TDS Resource: Do you know why you need a home inventory?
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