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Mortgage Points Explained — How it may save you money

by Edward Galstyan

So what are mortgage points, exactly?

Mortgage points are sold by the lender when purchasing a house. Mortgage points are also called discount points. The purpose of purchasing mortgage points is to reduce the fixed APR on your loan. For each point you [...]

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Save Some Cash While Dining Out!

Eating out is probably one of the most social things to do with friends. Problem for a lot of us is that it is really expensive. Aside from restricting yourself by chowing down on McDonalds or KFC, what are some ways to cut down on the restaurant dining costs? Here are some of the ways I’ve managed to make dining a fiscally bearable task. * Coupons o Look at your Sunday newspaper, online, etc for coupons to various restaurants. This can be a great savings that you otherwise would not have received. o Restaurant.com is a great place to buy coupons. I suggest buying coupons during a sale (they throw sales often and you can get $25 discounts for as low as $2). The idea with these is that you get $10-$100 off a meal but you have to spend a certain amount, you have to tip a set amount (15%-18%), tip is usually added on the total of the bill BEFORE your coupon, and other various exclusions (you can not combine it with another offer). At one of my frequented restaurants, they require a $50 minimum to get $25 off. Without the coupon, and after tax and tip, the total would be about 61.12. With the coupon, the total is a mere 32.5. Each entrée costs about $9-12 so this means for this outing, I can bring about 4-5 people meaning that the split cost AFTER tax and tip would be about 7-8 per person. Not too shabby! [...]

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Save Money at the Movies

by Matthew Manorothkul

With the economy we are facing now, who wouldn’t want to keep more money in their pockets? Going to a movie theater with a date or family can be rather expensive. A movie with a date can cost about $20 without any food! Going with family can be [...]

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The Rule of 72

by Edward Galstyan

So you’re saving money — care to learn an easy finance trick?

The rule of 72 is an easy way to determine how long an investment might take to double with a given, fixed annual rate of return. To figure out a rough estimate of how [...]

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Turn Off Those Gaming Consoles!

by Matthew Manorothkul

Enjoy playing video games? Not only do the games cost you money but leaving the gaming console on idle is adding to the cost of having fun too. Depending on the gaming console you own, the amount of energy use is different. Sony PlayStation 3 and Microsofts Xbox [...]

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