Save money on your home phone bill

Save money on your home phone billAlexander Graham Bell accidently invented the telephone in March of 1876 when he spilled acid on himself, and realized that his voice was being carried. Over 100 years later, the telephone has advanced and become such a mainstay in peoples lives, one that some people may find it difficult to live without.

Unfortunately, staying in touch with loved ones via telephone can come with a huge price tag that some families can find hard to keep up with. With a few smart moves, you can enjoy staying connected and avoid dreading that monthly bill. Check out our list of the top 15 tips on reducing your landline bill.

1. Go old school- Eliminate the need for service such as caller ID and automatic redialing. The solution? Simply do what you did before these services were ever available! Pull out the phonebook, use your phones redial button, or just manually call people back. it’s really not that much of a hassle. Use Yellowpages.com to speed things up when looking up a person or business.
2. Get personal during the holidays- No need to rack up a tab calling your friends and relatives long distance during the holidays. Postcards are inexpensive, unexpected, and much more thoughtful. We promise, the receiver of the postcard will smile, and remember that time much longer than they would a phone call.
3. Temporarily suspend your service- If you are going to be away from your home for 2 months or more, talk to your provider about temporarily suspending your service. While there is a fee associated with this, it is often cheaper than paying the bill when the phone isn’t in use. Continue reading

401(k) report card

Question: Is there a listing that would allow me to see how my 401(k) plan compares with other companies’ 401(k)s? –Debbie W., Mount Laurel, New Jersey

Answer: Considering that upwards of $3 trillion is invested in 401(k) accounts for some 50 million American workers (plus millions of retirees), you might figure that there would be all sorts of resources allowing participants to see how their plan stacks up against others.

But you would be wrong.

Although there’s a ton of data available about 401(k) plans in aggregate, there’s not a whole lot out there that allows you to directly compare or rate specific plans. Continue reading

Credit Companies are Hurting Your Credit Score

Just when you think you’ve got the calculation of credit scores figured out… you discover that credit companies can actually hurt your credit score – and it’s not what you are probably thinking. Of course, if you don’t make your payments on time, a creditor can report ysou as 30, 60, 90 or 180 days late which will eventually decrease your FICO score, particularly if you make a habit of making payments late. But creditors can also decrease your credit score through no fault of your own. Your FICO score is calculated on a number of factors, each carrying different weights. The actual formula used is “top secret”, but we do know the following is used to determine individual credit scores:

* 35% of your score is based on how you pay your debts, with your recent activity having the most importance. Paying bills on time of course is ideal, while declaring bankruptcy is the worst. If you pay your bills late consistently or have bills sent to collections, this will cause big problems in the credit score department. Continue reading