Can Spending Big On These Five Items Help You Save Money?

buy a good coffee maker
Great Coffee beans deserve a great coffee maker

Many financial experts focus exclusively on teaching you to conserve your hard-earned dollars any way you can. Sometimes, however,  there are  reasons that you should spend a little more to ultimately save more of those dollars. For instance, when you’re dishing out your hard earned money for furniture, appliances, or other things you use every day, then you want them to last and hold up over the long haul.


When you go shopping for these items, consider this information:

Coffeemakers. If you’re a coffee aficionado, you know how important it is to make a good cup of coffee. On the other hand, if you prefer only the occasional single cup, you should still make the most financially smart choice when buying a coffeemaker.

  • Do you drink several cups daily? Choose a sturdy, energy-efficient coffeemaker model. The least expensive model will likely not fulfill the task of keeping up with your coffee habit.
  • Do you love your coffee but limit yourself to one cup daily? Consider one of the single-serving models. Yes, they’re expensive, but they’ll last for many years. Plus, if you don’t want to buy the single serving pre-measured coffee pods, you can still purchase the smaller filter cup to fill it with bulk-purchased coffee.

Cooking knives. Good knives will last longer than you will.

  • If those cutting tools last you for 60+ years and you never buy another one, you’ll be money ahead even if you buy expensive knives. Be willing to pay more for quality, guaranteed-for-life knives.

Lawn mowers. Those who mow their own lawns know how incredibly frustrating it can be to go out to the garage, pull the lawn mower out, check the oil, fill it with gas, and then the mower won’t start. You only have two hours to get the grass cut. How annoying!

  • A good lawn mower is constructed with quality parts and will pay off many times over. Pay a few bucks more to get the best (not necessarily the biggest) lawn mower.

Bed mattresses. Buying your mattress at a discount or general department store often means you aren’t getting the quality of construction you’d get if you went directly to the mattress maker’s retail store. Why?

  • Mattress makers produce lesser-quality mattresses to sell for less (with their brand names on them) in those discount and department stores. Chances are good that if you pay a bit more, you’ll receive a higher quality product that will hold up over the long run.

Sofas. Think of the abuse a sofa goes through—kids jumping on it, you propping your feet on it, and your spouse taking a nap on it. It needs solid construction and well-designed cushions to last over the years.

  • If you’ve ever owned a cheaply-made sofa, you know this is true: splurge when it’s time to buy a new sofa–$1,800+ is wise. If you can get a high-end sofa on sale, go for it.



When you are shopping for any of these items, you should, of course, do your homework in advance to find out as much as possible about the particular brand and model you’re planning to purchase. Look for sales on well-designed, quality-constructed items.

The bottom line is that when you pay more for these items, they’ll pay you back by lasting more years with no or fewer break-downs.


Is It Really Possible To Retire? Perhaps Sooner Than You May Think.

Retire Sooner With These Strategies

Do you find yourself feeling like you won’t ever have enough money to stop working? If so, it’s time to perk up. You can retire sooner than you think by making some changes now.

Enjoying Retirement by the Lake
Nothing like Enjoying Retirement

By Using Some or All of These Strategies You Can Retire Sooner Than You Ever Dreamed:

Identify activities that bring you joy and then create an income stream doing them. When you retire, you’ll have more free time to fill up. Why not do it engaging in activities you love and earning some money at the same time? Start your “cottage industry” now, while you’re working, just to try it out. Here are some examples:

  • If you like to make birdhouses for your yard, make extra to sell at local craft fairs or gardening shops.
  • Perhaps you get a kick out of being around elderly people. Start your own Elder Assistant business, charging families to “visit with and assist” elderly parents for a couple of hours a week.
  • Maybe you’ve developed a real love of gardening and taking care of your lawn. Consider mowing lawns in your neighborhood or planting bushes, weeding, and doing other gardening tasks for neighbors for a price.
  • The key is to think of ways to charge others to do what you love to do.

Think of creative ways to cut your expenses related to work right now. Consider the obvious costs, like carpooling, using public transportation, and carrying your lunch to work. Reduce every expense possible connected to your current work to reap the most savings and benefit your future retirement.

Open your mind to an adjusted lifestyle where you do more with less money. You can retire sooner if you learn to live more inexpensively now.

  • Purchase generic groceries.
  • Shop farmers’ markets for fresh produce.
  • Only buy meat that’s on sale.
  • Concentrate on “buy one get one free” offers at the grocery store.
  • Do your shopping at a discount grocery retailer.
  • Have Meatless Mondays.
  • Be more flexible about what you choose to eat, based on what’s on sale.
  • Reduce the level of cable television you pay for.
  • Get rid of your telephone land line and only pay monthly fees for your cell phone.

Live in a smaller house than you can afford. Your kids will eventually grow up and leave. Concern yourself with living conservatively and paying off the mortgage after you ensure all other bills are paid off. In a smaller home, you’ll live comfortably with fewer expenses.

Retain part-time employment now. Save 100% of what you earn from your second job and save it for retirement. Remind yourself daily that how you live, work, and save now will determine when you can retire and how you’ll live then.

Vow to learn how to delay gratification.Go back to the old-fashioned way of living where you save up to buy something. This way, you spend only cash to get what you want.  The delay in time that it will take for you to accumulate the money to pay for the item will help you determine how much you actually want the item.


When you’re truly committed to a goal of retiring sooner, you’ll keep your focus and follow through with these six strategies. You’ll quit working before you know it and love your simpler lifestyle!

Retirement Planning: Financial Fraud and Seniors

If you are retired or getting close to retirement, you probably have some great things going for you – like great credit, owning your home debt-free, and a substantial retirement nest egg. Sometimes these advantages can become our biggest weaknesses.

Unfortunately, these great things can also put you at greater risk for a range of frauds targeting senior citizens. In this article, we are going to look at three of the most common frauds perpetrated on seniors and what can be done to avoid being ripped off by thieves and scam artists.

Three Most Common Frauds Against Senior Citizens

Contractor Fraud

Odds are that your residence is going to need repair at some time during your retirement, especially if you’ve been living in it for the past 25 years. Contractor scams happen when the contractor starts doing repairs that are unnecessary and then often overcharges for the work, too.

Other common variants include:

  • Taking payments in advance and then never completing any of the agreed upon work
  • Using admittance into your residence as a means to burglarize it
  • Convincing owners to be part of fraudulent insurance claims

Reputable contractors don’t generally go knocking on doors to drum up business. If your house needs some work done, it’s usually better to ask around for referrals or check out the contractors listed by your Better Business Bureau. Check out the contractor for complaints before consenting to have any work done.

Reverse Mortgage Fraud

Reverse mortgages can be a legitimate technique to draw out equity from your home These are most commonly referred to as home equity conversion mortgages (HECM). HECMs are insured by the Federal Housing Authority (FHA). They were created so that people 62 years and older could easily pull the equity from their principal residence and not be burdened with monthly payments.


A problem can occur with non-HECM reverse mortgage scams; typically, a senior is used as an unsuspecting pawn in a property-flipping scheme or billed huge fees by an unscrupulous “advisor” that simply handles standard paperwork in a normal HECM loan.

If you’re interested in a reverse mortgage, your bank or a reputable mortgage broker is a good place to start.

Investment Fraud

While people of all ages are taken in by various investment frauds, seniors seem to be targeted the most.

Always be skeptical and double check with a trusted professional when it comes to your life savings. Don’t succumb to any time pressure tactics; if it’s something that you have to decide right now, your answer right now should be “NO.” False time limits are a common technique to get people to commit their hard-earned money to a fraud.


In Conclusion

It doesn’t seem fair that anyone has to be on alert in retirement. You have earned the right to just relax, enjoy the fruits of your labor, and enjoy life. Unfortunately, however, you must remain on guard for those unscrupulous persons looking to make a fast buck at anyone’s expense. In many instances, simply verifying information with third parties or demanding more details in writing will discourage most scam artists.

If you are taken advantage of or spot a scam being offered to you, report it immediately. Hopefully the perpetrator will be stopped before he can harm anyone else.

Remember that scam artists are usually looking for the easiest victim. They can be very persistent when they believe there is money to be made, but they’re also very quick to go away when things don’t look promising.

Safe and Sound

You might be able to retire from your profession, but you can’t retire from being careful. Keep an eye on that nest egg and don’t turn it over to anyone that you haven’t checked and double-checked. Such vigilance will help you keep the savings you worked so hard for away from thieves.