The Prudent Way To Use Your Air Conditioner And Save Money

This time of year we are all turning on our air conditioning and thinking about how to save in energy.  As the electrical bill rises here are a few options to keep costs down and to stay comfortable and cool this summer.

Minimizing the use of your Air Conditioner

-       Every night open the windows to let the cooler air in and if you have fan’s blow the hot air out of the upper floors in your house.

-       In the morning keep the cool air in by closing all the windows and drawing the blinds so that the sunlight won’t heat up the room. If you have ever wondered why the European countries have shutters on the outside of their windows, they have been using this technique for centuries.

-       If your home is well insulated for the winter it will also have the reverse effect in the summer and keep it cool. Are there any drafts in the winter that you know of? Hot Air will also find it’s way in during the summer unless you seal it to make it air tight.

-       Don’t let your house heat up from the inside.  Even changing your light bulbs to halogen is a great idea from saving electricity to not producing heat. Barbeque outside when possible. Keep cooking inside to a minimum when possible.  When is the last time you cooked with your microwave? 

-       Is your attic ventilated? If you have proper insulation and ventilate your roof properly the heat won’t reach 66C.  Installing ventilation fan’s in your attic will reduce the amount of heat that contributes to your indoor temperatures.

-       Your dishwasher uses an extraordinary amount of electricity to dry your dishes. If you can catch it try to turn it off during the drying cycle and if you can wait for a full load and run it at night.

Use Your Air Conditioning more efficiently

-       Set your air conditioner on a timer. Set the timer to turn off during the day and turn on 2 hours before you get home.

-       Raise the temperature a degree every day. Your body will adjust. Take off your down filled duvet and sleep in a higher room temperature.

-       Try not to drastically lower the temperature at once.

-       When you are out of your home longer than 24 hours turn your AC off.

-       If you have an AC unit outside is it shaded? Keeping it shaded will cut the amount of energy it uses to keep it cool.

All in all we should be conscious of not contributing to a black out. If you were to flip your main breaker on your house how much energy would you save? Now try to find everything you can to switch off when you go out. From power bars to all lights, anything that requires the slightest but of power will potentially produce heat, raise your electrical bill and create unwanted heat in your home when you are not there.

Fore more valuable information please contact www.prudentfinancial.ca

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Instant Payday Loans - Urgent Cash Funds At Your Disposal

An unplanned expenditure can upset even the best laid financial plans of any individual, unless he has immediate access to alternative arrangement for cash. A financial loan seems to be the best available option during such financial crisis. However, the long drawn procedure and the lengthy paperwork often discourage potential borrowers from approaching the financial service providers for emergency fund requirements. Lenders in the financial market have therefore, found a way to solve this situation by introducing the quick fix solution to every short term financial crisis and the solution comes in the form of the instant payday loans. Now, any emergency payment which cannot be postponed or delayed till the next payday of the borrower can easily be met through these urgent cash advance loans.

The lenders offering the instant payday loans realize that speed and convenience is of utmost importance to the potential borrower and thus, their online transaction facilities are aimed at providing just that to the loan applicant. Most lenders have their own online websites, which form the most reliable source of information on these instant payday loans. A potential borrower can compare rates and plan offered by various lenders and accordingly select a plan that can provide immediate economic relief to the borrower. It is easy to apply for and get instant access to the loan amount as all that the borrower needs to do, is fill up an online application form, providing basic personal and financial details. The form only takes a few minutes to fill and the application can be done from the comfort and convenience of the borrower's home or office.

Once the lender receives the online application for the instant payday loans, he verifies the authenticity of the information provided and then accordingly provides instant approval decisions on the loans. The loan amount can then be transferred to the borrower's account within 24 hours of the loan approval, enabling him to meet any and every urgent expenditure at hand. The lender does not place any restriction on the manner of expenditure of these loans and hence, they are one of the most convenient ways to meet crucial financial emergencies at any point of time, in between two consecutive paydays. In fact, the loans also form one of the fastest ways to arrange for cash under any circumstances, without the hassle of paperwork.

The instant payday loans are also an ideal financial option for the borrower with a poor credit history, as the lender does not require a credit verification for approving these loans. However, it definitely helps to have a steady employment history if the borrower requires a substantial loan amount at economic rates. It is also to be kept in mind, that the interest rate on such cash advance loans are bound to be higher than the traditional loans,. As these loans are unsecured and offered to every category of borrower for a short term only. Once the borrower is aware of all these terms and conditions he can easily opt for these loans to meet any emergency financial expenditure.

Important Things To Know Before Applying For Personal Loans

We all need extra money to deal with unforeseen expenses, like vehicle repair or maintenance, medical and health expenses, electricity bills, college fees, etc. So, it is very important to have a reliable source of getting extra cash when you really need it. Numerous companies now specialize on delivering no credit check loans, available for people with good or bad credit history. You can always apply for a personal loan from a popular bank or credit union. However, these organizations offer loan services depending on your credit rating. As a rule, an applicant doesn’t have to provide collateral in order to obtain a payday loan from bank, as this type of loan is practically based on your credit score. Thus, credit unions and banks are a good place to go for getting a personal loan in case you have a good credit rating.

Payday Loan Lenders Demand No Credit Check

Another way to get personal loans is to contact lending companies. Many of them are ready to give you loans without any credit score check. In some cases you may be asked to provide collateral for your loan request. However, if you are legally employed and have a stable source of income, payday loan lenders will typically approve your money request. In fact, it is a good solution if you fail to get a personal loan from a bank, but still need money sooner rather than later. It is highly recommended to ask certain questions to your loan provider before you sign a loan agreement. Always ask about the interest rates, monthly payment amount and repayment period. Meeting the requirements implied by payday loan lenders is crucial, otherwise you may find yourself in a financially-hard situation.

Other Lending Options

If the above-mentioned methods of getting a loan don’t suit you, you may consider taking jewelries or other precious things to a pawnshop in order to get a personal loan. Despite rather high interest rates, it is a good option in case you have bad credit score and no other choice. Thus, understanding all terms and conditions implied by payday loan lenders is a must when applying for personal loans online. Of course, payday lending option should be used as a last resort rather than on regular basis. However, if you need cash for vitally-necessary things, they may help you out. So, again, make sure that you are perfectly aware of all details and peculiarities before initiating the loan process. It goes without saying that planning your finances ahead and having a savings account is the best way to avoid financial hardships. But unfortunately, it is not always possible. Thus, if you have no other options to get the money you need, consider taking a payday loan to handle these expenses.

The new Canadian currency. Controversial and state of the art.

You may have noticed some odd looking 50 or 100 dollar bills showing up in your wallet of late.  The Canadian government minted them after much research and development.

They are claiming them to be the most difficult to counterfeit ever.  The bill is made completely of polymer.  The cutting edge security features are considerable.  Courtesy of the Bank of Canada website, here are some ways to determine if you have an authentic bill.

1. Notice the smooth texture of the note.  It's a single piece of polymer as mentioned above. 
2. Feel the raised ink of the large number. The shoulders of the Queen and the bank of Canada text should all be raised. 
3. Next look at the two transparent windows.  There's a large window that has a metallic portrait and building.  Tilt the note. You should see sharp colour changes of the building. 
4. Around the window you should be able to see small numbers, some of which are reversed.  Leaves should cross into it. 
5. Flip the note over and see the same security features repeated on the back. 
6. Finally, hold the note up to a small light source. Look through the frosted window towards the small light.  You should see a small circle of numbers appear.

Counterfeiters have their work cut out for them this time.  Although with all the tilting and viewing, you may feel the bills are more like one of the view masters you used to look through as a kid, then actual currency.

It’s worth noting the 20 dollar bill, slated for release in November has already raised some eyebrows.  The bill features the World War I Vimy War memorial from Northern France.  On the memorial are figures representing Justice and Peace.  As well there are figures of Hope, Charity, Honor and Faith.  The statues are symbolized by unclad statues.  Focus groups with people unfamiliar with the memorial were reported to have claimed the 20 dollar bill was pornographic; and they thought the memorial was actually a tribute to the toppled World Trade Towers.

A definite positive for the new bills however; they will last twice as long as paper notes, thus saving tax payers millions over time.

For more details on the bills you can view this video on our Facebook page. http://www.facebook.com/prudentfinancial

For more interesting money tips, check out PrudentFinancial.net

Your Tax Return!!!!!

What will you do with your tax return? Same thing as last year? Or something completely different……!

Your return may seem like a lot of money, but without a clear plan on how to save or spend it, it can become very little before you know it.

Tax Return: Woulda, Coulda, Shoulda, but Didn’t!

This time, this year, it will be different…namely,

·      Wait until the refund amount arrives in your bank account before to spending a penny of it.

·      Make a list of things you’ve been (needs vs. wants) for the past year and prioritize!

·      If it’s not a house or a car, don’t use the refund as a down payment.

·      This year, know what a TFSA is and possibly invest in it.

·      Household maintenance and repairs will always add value to this important property investment.

·      Investing in upgrading your skills through education is a guarantee to yield dividends of all kinds down the road

·      And you cannot go wrong with doubling up on mortgage payments, even for a short time

Other meaningful options:

Treat yourself, but don't overdo it. For example, you might put 80% of it toward your debts and spend 20% on yourself.

Pay down your personal debts. Where the interest rate is highest (credit card debt is the most common), paying these debts with a tax refund greatly reduces your interest rate on the debt. If your personal debts are high, you’ll be hard-pressed to find a better use for your refund elsewhere.

Pay it forward. Your refund could turn into a charitable contribution (deductible on your 2013 federal tax return if you itemize deductions).

Invest in your health. Do you have dental work you’ve been putting off? Could you use a few sessions with a chiropractor or a massage therapist? Have you always wanted to get in shape with a personal trainer? Using your refund to invest in your body and your health is priceless, and can have a major positive impact on your life.

Your tax refund is actually money that should have been in your bank account all along, but you chose to lend it to the government for free instead. That means that while CRA held onto your cash for the past year, you missed out on the opportunity to put it to work for you by paying down your debt, earning interest in savings accounts, or investing for retirement.

With proper tax planning, you can better control your tax refund as well as increase your income during the year. Now small tax refunds of a few hundred dollars are nothing to worry about. However, with having to pay high amounts of tax, or, if you are receiving refunds in the thousands of dollars, you have been mismanaging your money in either case. A good financial planner is worth his or her weight in tax savings and wise investments. For more valuable information, visit www.prudentcreditrepair.ca

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