Although you can do many free or inexpensive things in and around your home to upgrade its energy efficiency, there are times when purchasing or upgrading something in order to save money on your utility bill can make sense. Think of this as "investing in energy efficiency." Here's an example: If your refrigerator is 15 years old or older, replacing it with a new one could reduce your energy bill by five dollars or more every month: 60 dollars a year. If that new refrigerator costs $600, you're getting a 10 percent return on your money -- much more than banks are paying on savings, checking accounts, or even certificates of deposit. And the extra bonus is that money "earned" on energy savings isn't subject to state or federal income tax. A 10 percent, tax-free return on a moderate investment? That beats leaving potentially savings-producing money like this in a bank account (where returns are low -- and also taxed). When you invest money and time in projects like replacing windows and … [Read more...] about How to Save Money on Home Energy
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Zimbabwe is too far for many people to visit, but 37-year-old Tawanda Kanhema grew up there before moving to the United States. Thanks to Kanhema, though, you'll soon be able to play virtual tourist, thanks to his work and the magic of Google Street View,Kanhema, who left the country to study journalism and documentary film-making at the University of California, Berkeley, spent two weeks back in Zimbabwe shooting the sights and sounds of the coolest places. Areas he covered include the capital's Harare's central business districts, malls, a virtual tour of Victoria Falls, Christmas Pass, the city of Mutare's main business strip as well as the Great Zimbabwe monument and the Eastern Highlands. He's uploaded over 500 miles of coverage, including Street View images uploaded during October and November. It's a lot to pack in, especially over a mere two weeks, but Kanhema got it done with a custom off-the-shelf kit of cameras consisting of the Insta360 Pro 2 and a GoPro Fusion. He … [Read more...] about This man spent $5,000 of his own money to put Zimbabwe on Street View
Fancy food is oftentimes expensive food. ©iStockphoto.com/NthirtyoneL Food costs are largely determined by the time and resources it takes to do all of the steps required to get the product from the farm or manufacturing facility to your local store. And like everything else on the market, supply and demand also plays a part. Here's the skinny on why some food items are so expensive. Brand names A more expensive price tag usually indicates higher quality, but this isn't always the case when it comes to food products. Brand name foods are often produced by the same manufacturer as generic or store brands, but the brand names cost significantly more. This is because brand names need to advertise and market their products, and these costs are built into the price of the food. Generic brands rarely advertise, so the savings are passed along to the customer. Advertising and marketing in the United States is a major expense -- a full page print ad in a national magazine can hit … [Read more...] about What makes certain foods so expensive?
Mylan, makers of EpiPen are going to produce a generic version of the drug even though the patent doesn't expire for years. Joe Raedle/Getty Images Mylan CEO Heather Bresch was set to become the next Martin Shkreli last week, just another greedy pharmaceutical executive charging exorbitant prices for life-saving drugs. Mylan has raised the price for EpiPen — its wildly popular self-injection device for halting life-threatening allergic reactions to nuts or bee stings — a whopping 500 percent since acquiring the drug in 2007. Angry parents were calling for Bresch's head, saying the $600 EpiPen was proof that Mylan cared only for profits, not their children's lives. Then came a surprise. On Monday, Mylan announced that it would be selling a generic version of the EpiPen identical to the brand-name product, but for exactly half the price. Why would Mylan sell a $300 generic version of its own $600 brand-name product? Has this ever been done before? Well, sort of. … [Read more...] about How Generic EpiPen Is Still Going to Make Money for Mylan
There are several ways to save money that don't involve forgoing your daily latte — assuming you have one. Greg Paprocki/Getty Images Are you looking to save money and reduce debt, but tired of hearing the same money-saving tips? (Don't buy Starbucks coffee; make your own. Don't go out to lunch at work; brown bag it.) Then check out these five clever strategies suggested by experts from the National Association of Personal Financial Advisors. 1. Cut the Cord on Cable TV Almost all of the financial planners we contacted advise clients to cancel their traditional cable TV subscriptions. Cable TV prices have skyrocketed 53 percent since 2007 to reach an average price of $100.98 a month in 2017. Over that same period, streaming video services have reshaped the entertainment landscape for a fraction of the cost. Yes, you still need to pay for internet service, but that will run you an average of $60 a month, or less if you choose a lower-bandwidth package. Netflix recommends … [Read more...] about 5 Ways to Save Money (Besides Giving Up Lattes)