Sometimes shelling out a little extra money upfront saves you a hard-earned cash down the road, and splurging becomes an investment that pays for itself. Here are just a few examples of when it pays to spend more:
Resealable Food Packages
When food doesn't get sealed properly, it spoils and goes to waste, so look for packages with resealable tubes, bags or containers. They may cost you a bit more at the grocery store, but can save you hundreds of dollars a year in uneaten food. Or, if you're a bulk buyer, consider investing in a vacuum sealer or even some good quality vacuum bags. "It's a really good way of taking advantage of sales at the grocery store, especially on really pricey items like meats and cheeses. You can buy in bulk and then they're ready when you want them," says Jody Rholena of ShopSmart Magazine.
Class Packages
Stop the "pay as you go" insanity at your local yoga studio, spin or aerobics class. If you've taken three or more sessions in a row, ask yourself -
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Blog Posts by Farnoosh Torabi, Yahoo! Finance
When it Pays to Spend More
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Wed, May 16, 2012 11:42 PM EDTHow Often Do You Really Need to Wash Your Jeans?
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Wed, May 9, 2012 11:29 PM EDTSome good news for those of us who detest doing laundry: we might be able to get away with doing less. While it's important to keep our clothes in good condition so they'll last us longer, experts say constant laundering may not always be the most cost-effective way.
From jeans to jeggings to skirts and bras, we tapped Mary Kate McGrath, senior editor at Real Simple to share some wisdom on when to wash it:
Denim
Good durable denim is excellent at masking dirt, so you can wear it several times before tossing it in the hamper. In fact, McGrath says, over-washing can cause jeans to fade and fray so when you do wash them, turn them inside out, use cold water, and line dry. They'll be a bit stiff at first, but for the mileage you'll get, it's worth it.
One exception is jeggings, or jean leggings. These contain spandex, so wash after every wear to prevent the knees from getting baggy. Then, lay flat to dry.
Dress Pants & Khakis
Because you're likely to wear
Read More »The Best Bulk Bargains
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Tue, May 1, 2012 9:43 PM EDTIs buying in bulk always a better deal? For some things, the answer is yes. Our Financially Fit team conducted an informal price check of items at a New Jersey Sam's Club and elsewhere to see which products - coupons and special sales aside - are generally best bought at warehouse clubs. We zoned in on mostly non-perishable pantry items - no produce, shampoo, baked goods or electronics - just the everyday food items that wouldn't necessarily go to waste.Before we get into our findings, here's some practical advice for when buying in bulk:
Consider Cost Per Unit. It's important to do the math. If you're getting a 5lb bag of popcorn for $10, calculate the cost per pound and check how that compares to the per unit cost elsewhere. Often stores indicate a product's CPU on shelves.
Consider Consumption. While the math is important, you also need to be realistic and consider your use or consumption. It's easy to get excited over a 100-count crate of strawberries or a tub of
Read More »New Wedding Registries You'll Love
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Fri, Apr 27, 2012 2:44 PM EDTIt's a wedding tradition that's been around since the 1800's, registering for items at your favorite stores so friends and family can give you the gifts you want and need. But with more engaged couples living together and combining housewares before tying the knot, the desire for a fancy blender or new China is on the decline. Not to mention, in this economy, newlyweds could really use cash more than anything else.Enter: alternative-wedding registries. From your honeymoon, to a mortgage to modern art, new websites are allowing brides and grooms to register outside the box.
Honeymoon Funds
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My fiancé and I have actually started an account at HoneyFund.com for wedding guests who would like to offer a gift towards our European honeymoon. Similar sites include Honeymoonwishes.com and TravelersJoy.com. They're free and simple to set up. Couples can itemize their honeymoon wish list - from flights to a beachfront massage to a sunset cruise - so guests can help pay forMake 5 Dinner Recipes from One Bag of Groceries
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Wed, Apr 11, 2012 11:58 PM EDTThink you can make five whole meals from just one, $50 bag of groceries?
I recently accepted Eating Well's "5 Dinners, 1 Bag" challenge. Their test kitchen team provided me with a grocery list and I hit the local D'Agostino's supermarket in New York to collect my ingredients, which included:
one bunch each of asparagus, chives, scallions and cilantro
After ringing up my items, I quickly headed over to meet Jessie Price Read More »
one lemon
8 ounces snap peas
1 pound of sea scallops
1 pound of lean ground beef
12 ounces of pork chops or tenderloin
1 15-oz can of crushed tomatoes
1 14-oz can reduced-sodium beef broth
1 16-oz package whole-wheat spaghetti
1 14-oz box instant or quick-cooking brown rice
1 15-oz can kidney beans
1 16-oz box of whole wheat spaghetti
1 10-oz package frozen chopped spinach
1 8-oz block extra-sharp Cheddar cheese
1 4-oz block fontina cheese
1 dozen eggs
1 lb ball whole-wheat pizza dough or 1 ready-made pizza crustStretch Your Beauty Dollar: 4 Ways to Save
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Tue, Apr 3, 2012 10:45 PM EDTWhile the beauty industry would like us to believe that the more we spend, the more beautiful we can look, we don't have to dig deep into our pockets to look our best. Makeup artist to the stars and beauty editor Nicole Williams shares some of her best tricks and tips to help us stretch our beauty dollar.
Double-purpose everyday kitchen ingredients
Some of the cheapest beauty finds can be found right in your kitchen cabinets, starting with coconut oil, says Williams. "This is an amazing moisturizer for dry skin," she says. "It's all natural and great for shaving, too." The ingredient can also assist with weight loss, she says, because it contains fatty acids which help to speed up our body's metabolism.
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Olive oil is another natural ingredient we can use to safely and effectively moisturize the entire body, while cooking spray can help give dry legs a silky, smooth shine. It's not too heavy, either. "The general rule is, if you can eat it, you can put it on your skinTurn Your Shopping Addiction into Cash
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Tue, Mar 27, 2012 4:38 PM EDT
Shopping can be a total wallet-buster, unless you know how to work it. Kim Zaruba, a stay-at-home mother of three, rakes in approximately $3,000 dollars a year consigning her old clothing and baby gear.
Her consignment savvy dates back to just a few years ago when her family was forced to shore up cash following her husband's layoff. "We wound up selling our wonderful home that we loved dearly…spending was pretty much at a standstill," says Zaruba. "We had to reevaluate and work with what we had." That meant no more expensive items for the house or upscale labels for Kim, who started looking for ways to cash in on her cashmere.[Related: Make money from junk in your attic]
From a community flyer at her daughter's pre-school, Kim discovered Just Between Friends, a network of national consignment events for children, maternity and baby gear. Founder Shannon Wilburn started the organization in her living room 15 years ago. Today, the group spans 24 states with franchisees hosting
Read More »Wedding Costs: Who Should Pay?
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Tue, Mar 20, 2012 9:32 PM EDTWhen it comes to weddings, who writes the check? Is it solely up to the bride and groom to pay, or are family members expected to pitch in?
If you go by tradition, then the bride's family pays, but keep in mind this is a throwback to the days of dowries and pre-arranged wedding negotiations. In today's modern culture, most marriages are for love, not money. In fact, research shows brides and grooms have been paying for the majority of their wedding costs on their own -- including the ceremony, reception and honeymoon. According to a 2010 survey in The Wedding Report, brides and grooms, on average, each pay about 29% of the wedding costs, for a total of 58%. From there, parents, friends and relatives make up the rest.For example, when Katherine and Gary Gomez got married last summer both of their parents offered to help contribute to their big day, which included over 200 guests. In total, the New Jersey couple's wedding amounted to $32,000. Katherine and Gary contributed $22,000,
Read More »Can I Afford a Baby?
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Wed, Mar 7, 2012 9:19 PM ESTThere's no denying that babies are cute, but they can also be quite expensive. In fact, according to Babycenter.com, raising a new baby in the first year on average costs more than $10,000, including formula, diapers and daycare. Fortunately, for expecting parents there are strategies you can take to prepare for your new addition and make parenting affordable.
Reduce Debt
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Managing debt should be the first item that should be on all expecting parents' to-do lists. As a new parent, you'll need to make room for unexpected costs and if you don't make debt reduction a priority now, it could fall through the cracks down the road. If you need help, check out the National Foundation for Credit Counseling and meet with a local credit counselor. It's free.
Don't Move
Don't assume you have to find a bigger space right away. One of the biggest misconceptions of being a first-time parent is that you need a separate room for the baby. But an infant can safely and easily sleep in aSafe and Easy Ways to Find Stay-At-Home Jobs
By Farnoosh Torabi, Yahoo! Finance | Financially Fit – Wed, Feb 29, 2012 10:26 AM ESTIn today's changing economy, self-employment is rapidly becoming the new employment. In fact, 40% of the country's work force is expected to be self-employed by the end of the decade, according to the Bureau of Labor Statistics. And particularly for stay-at-home parents, self-employment can offer the best of both worlds: a chance to pursue your passion and spend more time with your family.Take Shoba Viswanathan. The 44-year-old has been doubling as a stay-at-home mom and marketing writer for almost four years. "I really enjoy the flexibility of working from home and managing my mom and work commitments at the same time." A former editor in the 9-to-5 world, Viswanathan now finds social media and copywriting work through Elance.com. She works about 30 hours per week, submitting copy to clients while her kids are in school or napping. She earns less than what she did before, but some of her biggest expenses - namely, childcare -- have also fallen, thanks to her new work lifestyle.
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