Weekend Link Roundup #2

Here are some of the best personal finance and frugal living blog posts I’ve read this past week.

Enjoy!

 

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Grid Level Battery – TED: Donald Sadoway

grid level battery

Science has enabled us to choose to live simply, to reduce our carbon footprint, and to conserve earth’s limited resources effectively. However, science is often driven by opportunistic capitalism and big business and enterprise. Here’s an incredible TED talk by scientist Donald Sadoway from MIT who has developed both an unorthodox scientific team through mentoring (mentioned in my last post on Helping the Poor) AND a unique grid level battery capable of storing massive amounts of electricity to fix the issue of static supply and variable demand for power.

 

Grid Level Battery at Market Price Point without Subsidies

A few teaser quotes:

“With a giant battery, we’d be able to address the problem of intermittency that prevents wind and solar from contributing to the grid in the same way that coal and gas and nuclear do today.”

“If we’re going to get this country out of it’s current energy situation, we can’t just conserve our way out, we can’t just drill our way out, we can’t bomb our way out. We’re going to do it the old fashioned American way. We’re going to invent our way out, working together.”

“So let’s abandon the paradigm of ‘let’s search for the coolest chemistry and hopefully we’ll chase down the cost curve by just making lots and lots of product. Instead, lets invent to the price point of the electricity market. So, that means that certain parts of the periodic table are axiomatically off limits.”

“I say if you want to make something dirt cheap, make it out of dirt! Preferably dirt that is locally sourced.”

“One of the greatest benefits of being a professor? Colored Chalk.”  🙂

“Now, do I hire seasoned professionals? No, I hire a student and mentor him. Teach him how to think about the problem… and then turn him loose.”

“We choose to work on grid level storage, not because it is easy, but because it is hard.”

“So here you have it, grid level storage. Silent, emissions free, no moving parts, remotely controlled, designed to the market price point… WITHOUT subsidy.”

“In a battery, I strive to maximize ELECTRICAL potential, when mentoring, I strive to maximize HUMAN potential. So, you see, the liquid metal battery story is more than an account of inventing technology, it’s a blueprint for inventing inventors. Full Spectrum.”

Grid Level Battery Resources:

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Helping the Poor – Without Hurting Them

helping the poor

Should I Build Personal Wealth or Help the Poor?

A creatively critical comment on my recent writings about saving and investing money, sparked the idea for the following post.  Chris commented that rather than focusing on improving our lives with riches and education and business activities, we should be helping the poor. He quotes Psalm 41:1 which says “Blessed is he that considereth the poor”. I would argue that personal wealth coupled with a faith that calls us to action is a powerful antidote to world poverty. But throwing money and resources at poverty without thinking through the problem correctly can create an equally sticky issue of dependency.

Helping the Poor? It’s Complicated

Poverty is almost as old as human history and is a complex issue with no easy answers. Broiling a fish and giving it to a hungry man will perhaps keep him from starvation today. But what about tomorrow and the day after that? What about the estimated 1.7 billion people living in what’s termed ‘absolute poverty’? Is the answer to ship surplus food from wealthy nations to nations less fortunate? What about the impact on the local food markets of those countries now flooded with ‘aid rice’ re-sold for a quick profit in a black market enterprise by corrupt officials? What about clean drinking water? How long will that village well drilled by a Western NGO eight years ago stay viable? Will anyone in the village be able to drill another one if it runs dry next year? These and a thousand similar questions need to be asked in researching sustainable ways to reduce global poverty, while avoiding the issue of dependency.

Now let’s get a little more personal with the questions. How can start helping the poor without hurting them, today?

Ten Ways Each of Us Can Start Helping the Poor Today

1.  Live Simply  –  By living simply, we use less of the world’s resources. Living simply also enables us to save more than we spend and to allocate some of our wealth to helping the poor in creative, sustainable ways.

2.  Give Wisely  –  I still remember the one homeless man I met in Chilliwack, BC, Canada. He didn’t want cash, like most beggars. He wanted food. And not just any food, he wanted a ‘whole chicken’! As crazy as it seems, five minutes later, I made his wish come true and handed him a piping hot, broiled chicken from the local grocery store. The memory of his beaming smile and ‘God bless you, man’ lingers in my mind. Did I help him? Temporarily. In the same way, you can help someone in a developing country by buying them food for a day. There’s a well-worn Chinese proverb that aptly describes this: “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime”. When you are looking to give, try to find organizations to give to that go beyond basic aid distribution. They should be involved in community and economic development as well as educational opportunities tightly integrated with a gospel-centric, Christian world-view.

3.  Travel the World  –  Everyone from the West should get the opportunity to experience the developing world. And I’m not talking about air-conditioned bus travel, hitting all the tourist traps. I’m talking about getting in a beat-up taxi and going down to the local market to talk to real people who live on less than one tenth of the income we enjoy. I’m talking about stooping to enter a mud hut where a mother is serving small portions of rice or some other staple to her growing family struggling to survive on the family’s meager earnings, but who will gladly share their dwindling food supply with you. An experience like this will change you permanently.

4.  Build a Socially Responsible Business  –  Are you an entrepreneur? A successful business person? How is your business impacting the world’s poor? There are many businesses trying to model responsible ways of helping the poor. TOM’s shoes gives a pair of shoes to folks without shoes every time someone buy’s a pair from them. Many more examples could be given. Be creative and find a way to channel some of those business profits into opportunities for the world’s poor to rise above the cycle of poverty.

5.  Invest In Micro Financing  –  Micro-financing, is a way to invest the money you’ve saved up, by loaning it to business men and women in developing countries. They use it to build their businesses, and many times it is exactly the ticket they need to a successful and profitable business future. Once the loan term is over, they pay it back and the money can be used once more to help another enterprising individual or group get their start in business. You can learn more about micro financing through Christian Aid Ministries’ SALT program.

6.  Learn to Be a Farmer  –  You’re probably wondering how this could be part of helping the poor. Here’s how. Seventy-five percent of the world’s poor are farmers. If you could increase the income of these farmers through better farming methods and improved crop yields, the small farmers of the world would be able to feed more people and be better off themselves. One man, an unsung hero of the last century did just that. His name was Norman Borlaug and he spent a good portion of his 95 years, training subsistence farmers in the world’s poorest nations better farming practices. Here’s a quote from the Wall Street Journal article which covers the story beautifully:

In the mid-1960s, India and Pakistan were exceptions to the trend toward more efficient food production; subsistence cultivation of rice remained the rule, and famine struck. In 1965, Borlaug arranged for a convoy of 35 trucks to carry high-yield seeds from CIMMYT to a Los Angeles dock for shipment to India and Pakistan. He and a coterie of Mexican assistants accompanied the seeds. They arrived to discover that war had broken out between the two nations. Sometimes working within sight of artillery flashes, Borlaug and his assistants sowed the Subcontinent’s first crop of high-yield grain.

7.  Volunteer Your Time  –  It is one thing to give five or ten percent of our income to helping the poor. It is quite another to spend the majority of our time living to help others live better. People like Mother Teresa come to mind. But, before you banish the notion thinking you could never live like her, consider spending just six months to a year in a developing country. You could teach a micro financing class to local business leaders or help out in a school or orphanage. This type of experience will change you permanently. Your future giving will also follow your heart to the places you have been, with inside knowledge of the challenges faced by the people you are helping.

8.  Be a Mentor  –  I can attribute many of my personal and business successes in life to individuals who came along side me and shared their expertise. Everything from learning to read, to the best practices in business can be shared with young folks in your family, in your community or across the world, looking to get a step up in life.

9.  Learn About the People You Are Helping  –  Did you know that over 10 million children in India are involved in ‘bonded labor’? It is basically child slavery used to pay off an increasing debt load often owed by the children’s parents. Wherever you choose to begin helping the poor, make sure you learn about the culture, the language and the individual lives and needs of the folks you are helping.

10.  Find Creative Ways to Help the Poor  –  Born Into Brothels is a documentary covering the unusual way in which Zana Briski used photography to help children caught in the poverty of the Calcutta red light district. From the article linked above:

After several years of learning in workshops with Briski, the kids created their own photographs with point-and-shoot 35 mm cameras. Their images capture the intimacy and color of everyday life in the overpopulated sections of Calcutta. Proceeds from the sale of the children’s photographs go to fund their future education.

Will poverty ever be fully eradicated? No. Can you and I have a powerful impact on reducing world poverty? Absolutely. Jesus is quoted as saying, ‘the poor will always be with you’. It is part of the fallen human condition. It is a cycle of broken relationships strung out over generations. The path out of poverty for most, includes someone outside the cycle of poverty who helps them, educates them, and gives them hope for a better tomorrow.

More Reading:

 

How are you helping the poor, today?

 

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Amish Food Shopping

amish food shopping

Amish or Mennonites Shopping = Good Deals

The other day, I mentioned to my wife that, as a rule of thumb, if you see Amish or Mennonites in a store, chances are there are some good deals to be had there. I’ve written separate posts before about Amish habits and food shopping here in Lancaster County.

Amish Food Shopping Extravaganza

Today, the two topics came together right before our eyes as we made a quick run to Aldi’s, our local discount grocery store. As we entered the store, I noticed that about 75% of the people in the store were Amish women and children pushing massively loaded carts full of food. Some of the most popular products were already cleaned out by their shopping spree. Not that I hold it against them. The Amish have large families, often with 12 to 14 children to feed and they’ve got to find deals I’m sure, to keep the grocery bill from spiraling out of control.

As we exited the store, pushing our own shopping cart filled with the week’s groceries, I noticed several fifteen passenger ‘Amish hauler’ vans pulling large trailers that the Amish ladies were loading up with hundreds of pounds of groceries. Younger children with helping hands tended babies or helped pack away the boxes of groceries.

Driving home, I tried to imagine myself in their shoes. Getting up early in the morning. Making lunches for the men to go to work with. Then hiring a van and driver to take you and your under school aged children to the grocery store to buy hundreds of pounds of groceries.

Which leaves me with a question one of our readers may be able to answer. How do the Amish get refrigeration?

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DIY Haircut – Trimming the Budget

diy-haircut-kit

A DIY Haircut?

I was never one to master the diy haircut. Looking in a mirror and trying to reverse-action my motor skills coordination always ended in disaster. Yes, I’ve tried a few times! As a result, I was a frequent client of the local barbershop, spending about $150 a year on haircuts. I didn’t mind the expense too much and stretched out the time between shape-ups. As a married man however, getting a haircut every six to eight weeks just doesn’t cut it anymore. It was time to bring in the diy hair cut kit.

The Plunge

Once my wife and I had decided to give the home barbershop idea a whirl, we went shopping for the best option we could find. No 100 decibel motors or hair-pinching trimming parts allowed. A few minutes of skim reading reviews on Amazon led me to the Wahl 79524-3001 Home Barber 30 Piece Kit. At $40, it is a great value so far, and even includes two extra trimmers; a wireless shape-up trimmer for that weekly trim and the all important nose hair trimmer.

The diy haircut is now “in” at our house. No more treks to the barber, just a 30 minute session in the kitchen and we’re done.  I should add that the diy haircut looks even better than a lot of haircuts I’ve received from the local barbershop. The annual savings are modest right now, but in the future we will save a bundle on children’s haircuts multiplying our savings by the number of children we hope we’ll have.

Have you tried the home barbershop idea, yet? Feel free to share your experiences in the comments below.

 

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I Want to Save Money – Where Do I Start?

i-want-to-save-money
I Want to Save Money - Where Do I Start?

Perhaps you’ve said to yourself, I want to save money, but where do I start? I’ve asked myself the same question. During the last three years of the Great Recession millions of other people around the globe have probably wondered the same thing. So, where do you start?

Let’s take a look at the way the average income earning, hard-working person can save money on what is usually the largest expenses in the monthly budget. Then, we’ll briefly look at what to do with that money that starts piling up. If you follow these simple principles, it won’t be long before the statement “I want to save money” turns to “I want to invest money”.

I Want to Save Money… on Housing

According to the US Department of Labor, the average American consumer spends about 35% of their income on housing. That’s the largest line item by far. Shelter is one of the basic human necessities and it doesn’t come cheap. If you’re telling yourself, “I want to save money on housing”, here are a few ideas:

  • Live in a smaller house  –  Less cost all around. Simple.
  • Avoid buying a house with high land taxes  –  I have a friend who pays over $12,000 taxes a year for a modest home and small property in Long Island. That’s like renting your home for $1,000/mo AFTER you pay off the mortgage!
  • Rent or buy an energy efficient home  –  If your monthly heating bill is over $500 a month, you may want to consider moving

I Want to Save Money… on Transportation

The second highest monthly expense according to this nifty pie chart is transportation: a full 15%. I’ve written a more detailed postabout this before, but here are a few simple tips:

average-monthly-expenses
What Are Your Average Monthly Expenses?

[adsense]

  • Drive your car less  –  I realize this is easier said than done, but think creatively here.
  • Drive slower  –  Keep the speedometer at 60. You’ll get optimal fuel mileage at that speed.
  • Be a one vehicle household  –  Getting rid of that second vehicle will save you a bundle every year. And remember, with taxes a penny saved is MORE than a penny earned.

I Want to Save Money… on Food

Third in the list from the US DOL, is food. Yes, unlike a vehicle, food genuinely IS a human necessity. But there are ways to cut the fat here as well. Just a few would include:

  • Buy no-name products  –  For the majority of food products, the quality and flavor are identical, and you’ll save between 15 and 30% off the brand name prices.
  • Fast  –  I threw this one in tongue-in-cheek. Kidding aside, a regular three day fast, every two to three weeks is good for your body. And you’ll save three days worth of food expenditure, while you’re at it!
  • Eat less meat  –  While not a vegetarian or vegan, I do advocate eating less meat. It’s pricey, the production of meat is often a bad deal for the environment and some meats have even been linked to cancer. So just dial down the intake and stick to white meats like chicken and fish. They’re healthier than red meats.


Sticking with the advice given above, where should you invest the nest egg that starts accruing? Here are a few ideas:

  • Invest in a business  –  Just ask Warren Buffet. Starting, running and even buying quality businesses that produce intrinsic value are some of the best investments you can make.
  • Invest in the stock market  –  Tread carefully here. Your best bet is usually to invest in a mixed fund that tracks the market pretty closely. Otherwise this can be the next thing to betting at a casino.
  • Invest in yourself  –  Further your education. Learn that skill that you always wanted to acquire. When you invest in yourself, the dividends can be much more rewarding than an invisible stock investment that climbs or falls.

budgeting-ideas

Further Reading:

What are your thoughts? Are there any investments you would consider pursuing that I didn’t mention? Thoughts on how to save? Go ahead and write them in the comments below.One of my favorite books on my bookshelf regarding saving money and budgeting, is called Budget on a Shoestring: How to Budget a Household. You’ll save the face value of the book in the first month of putting these budgeting ideas to work.

 

 

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Culligan FM-15A Water Faucet Filter Review – Or ‘How to Spend Less on Drinking Water’

There is nothing like drinking a tall glass of clear, pure thirst-quenching water. Most public city water doesn’t meet any of these descriptive adjectives, however. One exception is Chilliwack, BC Canada. Rumor has it, they have the best city drinking water in the world.glass of water

For those of us who don’t live in Chilliwack, though, we have a couple of options:

  1. Drink the nasty chlorinated tap water
  2. Buy large 5 gallon jugs at the local grocery store or fill them up at a coin operated filtered water dispenser
  3. Install a complicated under-the-sink filtration system
  4. Get a faucet-mounted drinking water filter

Up until recently, we had been opting for number 2. It wasn’t emptying our wallets, but at around $60/year with the added pain of hauling around those heavy containers, I figured there must be a simpler way.

After a few minutes of web research, I settled on the Culligan 15A Faucet Mounted Filter. It had a lot going for it including:

  • Cost (a mere $15 at time of writing)
  • Great customer reviews on Amazon
  • Simple 5 minute installation
  • 2 year warranty
  • Excellent carbon filter
  • Low-cost carbon cartridge replacements

Two days later, it arrived and just as anticipated, it was a cinch to install and use. In five steps, we were up and running. No more five gallon jugs cluttering the kitchen and my shoulders and back are already thanking me. 🙂

5 Simple Steps to pure water with the Culligan FM15A carbon-based filter:

  1. Unbox the filter
  2. Figure out the rubber grommets and threaded attachment doohickey, connecting it all to your faucet.
  3. Figure out the on/off switch going from tap water to filtered and back (it automatically switches back to tap water, how cool is that?!)
  4. Run it for 10 minutes on ‘filter mode’ to get rid of the carbon grounds (harmless, but who wants gray stuff in your water?)
  5. Fill up your first tall glass of clear, pure thirst-quenching water and ENJOY!

The FM-15A Replacement Cartridge is good for 200 gallons and runs for $10-12. Let’s compare apples to apples for a moment. The water I was buying in the 5 gallon jugs was 25 cents per gallon plus fuel to go get it. I now pay a mere 6 cents a gallon and have instant access to fresh filtered water with the flip of a switch.

Worth it? You bet!

So where do you source your drinking water? Let us know, in the comments below.

 

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Weekend Link Roundup #1

Before I ever got the notion to start Live Well Simply, I had been reading several simple living and personal finance blogs on a regular basis. There are some article gems out there amongst the froth of SEO madness and ads and ‘sponsored stories’. In the future, I hope to link to some of them here on the blog with a Link Round-up post.

Great links related to simple living straight from my RSS Reader.

  • HP Smart-Touch Computer Give-away  –  Christian PF
  • Your Income and Career Path are Predetermined (really?) – I Am 1Percent
  • How to Have a Small Budget Wedding – Prairie EcoThrifter
  • $139 iPad alternative from Amazon  –  CNET
  • Credit Cards – The best option to build your FICO Score? – Get Rich Slowly

 

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High Gas Prices This Summer? Here’s how to Fight Back

Antique Fuel Pumps - Mukilteo, WA

It happens every summer. Fuel prices climb along side the rising summer temperatures here in the Northern Hemisphere. And, until we all start driving our hydrogen powered cars, our budgets will continue to need an ever expanding slot for gasoline purchases.

What to do this summer?  Fight back! Here’s how.

10 ways to fight rising gas prices this coming summer of 2012

1.   Go on a Staycation

This might be a little difficult if you live out in the middle of nowhere, but for most of us, we live close to places that are considered ‘Tourist Destinations’. Why not join all those out-of-town tourists at the local attractions and save your petrol dollars and airfare while you’re at it?

[adsense]

2.  Avoid Rush Hour

This goes for every destination you drive to. Shopping? Try Friday mid-morning instead of Thursday evening or Friday night.  Commuting to work? Find an alternative less crowded route or commute time. Consider tele-commuting part-time if your career lends itself easily to this.

3.  Drive an Older Fuel Efficient Car

Really? But, I thought newer cars were more fuel efficient.
Not always. A 1994 Honda Civic can get 40MPG+. And you’ll save a bundle by buying it cash instead of making payments on that latest hybrid vehicle. These last awhile too. My 17 year old Honda is just crossing the 300,000 mile mark and still running strong.

4.  Buy Online

You might argue the fact that the UPS or FedEx truck is burning up fuel. But they’re on a route with multiple deliveries making them more efficient than your one item run to the store. Amazon’s Prime Membership pays for itself pretty quickly when you are ordering household goods at Costco bargain level prices. And they arrive on your doorstep two days later. 

5.  Use GPS

Alright, I’ll admit it, I don’t like asking for directions; unless of course, it is from my non-human GPS unit. I paid around $150 for a refurbished car GPS a few years ago and it has paid for itself more than once in time and fuel savings. Most smart phones these days have a GPS chip built-in, or you can find a vehicle mountable unit on Amazon for a very reasonable price.

6.  Car Pool 

This one definitely works for commuting to work. But what about camping trips or vacation destinations? Just the two of you? Why not bring along another couple on your weekend road trip and split the fuel costs? Just don’t fight over the more comfortable front seats.

7.  Shop Around for Fuel

Most of us shop around for many of the big ticket items we buy, to get the best price. You can do the same with petrol. At times, I’ve found fuel priced almost a dollar apart at gas stations only ten miles from each other. Use a smart phone app like GasBuddy to find the best gasoline deals near you.

8.  Keep it Tuned

Not the radio. I meant your car. Regular oil changes, air filter changes and other general maintenance will keep your car in top fuel performance shape. Don’t forget to check those tires. You’ll not only save on fuel, but your tires’ life span will be extended as well.

9.  Close your Windows. Or not.

Keeping your windows closed at high speeds reduces aerodynamic drag.  Yes, you may need the AC, but air-conditioning works pretty efficiently at speeds higher than 50MPH. The reverse is true if you are just driving around town. Roll down those windows and nix the air con. The compressor will thank you and your fuel mileage will be better.

10.  Drafting

OK, I threw this one in for kicks. It requires a lot more driver attentiveness than just putting your vehicle on cruise and relaxing in the driver’s seat. Basically you drive directly behind a large commercial vehicle like a semi-truck. The truck creates an aerodynamic path through the air for you and less drag equals better fuel economy. Of course, if you find yourself braking at all to keep the correct distance, your savings are probably being negated. But, on a flat stretch of road with no traffic and a strong head wind (ie the Midwestern US), I’ve used this method to save on gas consumption.

How do you fight gas prices? Comment freely below.    ↓

Posted in Energy Use, Lists of Ten, Simplify | Tagged , , , , , , , , , , , , | 1 Comment

Cheap Roundup Alternative

Spring has sprung here in the US. And with the warmer weather, all the growing things.

Including Weeds.

Time to go grab a bottle of Roundup and nuke those pesky green things growing in the driveway. Right? Wrong. There’s a much cheaper alternative that is just as effective.

How to make your own at home version of “Roundup” weed killer.

Mix the following:

  1. One gallon of white vinegar (acid kills plants)
  2. One cup of salt (salt dries up the plant and kills it)
  3. A few tablespoons of dish-washing detergent (creates a sticky film over the plant)

Shake these three ingredients up in your Roundup sprayer and start killing things! This lethal mix is a lot easier on the wallet than the commercial alternative.

Got this tip from a friend on Facebook

Update: 6/21/2012

John left a comment that this mixture will raise the acidity of the soil so NO plants will grow. So, if you’re looking for a more selective or temporary approach, here are two options that work quite well as a natural Round-Up alternative:

1. Nature Zap Electric Weed Killer – this device kills individual plants with a powerful bolt of electricity while leaving the surrounding plants unscathed.

2. Organic Nature’s Weed and Grass Killer – This natural herbicide is a fast, effective, and environmentally safe alternative to synthetic, toxic herbicide. It is a citrus oil based, non-selective herbicide used for non-selective control of herbaceous broad leaf and grass weeds, using d-Limonene and Castor oil.

Posted in Product Reviews | Tagged , , | 4 Comments