![]() ![]() None of them were anywhere near as effective and easy as the method I want to share with you today. And I tried all kinds of different methods, some of which didn’t really work at all and some that kind of sort of did the trick. But with your mortgage payment, it doesn’t matter on which day during the month it is processed, provided of course it gets there by the due date.Are you looking for a way to clean your thermal coffee pot the easy way? I sure was. Making your payment early allows more of it to go to the principal because interest is figured on the average daily balance.įederal law stated in The Fair Credit Billing Act requires open-end lenders to credit all payments on the date they’re received, unless no extra charges would result if they failed to do so. A credit-card or revolving open-end contract works differently. The interest portion of your monthly mortgage payment is the same whether you pay it early or at the last minute. The law treats the two differently.Ī closed-end contract has a fixed payment schedule. Your sister may be confusing your mortgage, which is a “closed-end contract” with an open-end contract like a credit-card account. My sister says my lender is making me pay more interest by delaying depositing my check. And the minute that debt is is paid in full, unpause the 401(k) contribution and go right back to where you left off.ĭear Mary: It takes about two weeks after I mail my mortgage payment for the check to clear my bank. The penalties and tax consequences are too severe. Now that’s a good deal!Ĭaution: Even though you stop making contributions for a season, do not cash in his 40l(k) account. It’s a sure thing regardless of what happens with the economy. That is your guaranteed 18% return on the $10,000 “investment” you made in your debt. Every month you get to keep the $150 you were sending to the credit card company. Now let’s say you go the other way and use the money to repay the $10,000 debt in full. ![]() You still owe that $10,000 on the credit card and you’re still paying $150 interest each month. Let’s say you choose to invest the ten-grand in traditional stocks and bonds. Things don’t go well and you lose some or all of it in the stock market. You can either pay off the debt or invest the money. Great Aunt Gertie dies and leaves you $10,000. Let’s say you have a $10,000 revolving credit card balance at 18% interest. But investing in your debt carries no risk and offers a guaranteed rate of return. No matter how you cut it, money in a 401(k) is at risk. Putting your hard-earned money at risk is while you are carrying high-interest consumer debt is not wise. So in that case, he should reduce his contribution to 3% only. That’s free money he would be foolish to leave on the table. Let’s say that of the 8% he contributes, 3% is matched by his employer. Would it be wise to temporarily stop that contribution in that we have about $50,000 unsecured debt? Debbieĭear Debbie: Yes, but only to the amount of a match, if any, the employer is making, and only until your unsecured debts are paid. It‘s so much fun I almost look forward to a burned-on mess in the bottom of our office coffee pot so I can amuse and amaze myself.ĭear Mary: My husband contributes 8% to his employer’s 401(k) plan. Just make sure the carafe has cooled to roo temperature and crushed iced vubes. This old restaurant trick works with glass coffee carafes and glass-line thermoses, too. You may have to do this for a few minutes if you have a nasty build-up, repeating as necessary. The salt acts like little non-abrasive sanding blocks. The salt will begin to melt the ice allowing the pieces to move freely. Swirl it round and round, first clockwise then counterclockwise upside down, up and down. Add 3 to 4 tablespoons of ordinary table salt depending on the size of the thermos. Fill the thermos about 1/4 full of crushed ice cubes (give large cubes a whack or two with something heavy). How can I clean inside my thermos? Karenĭear Karen: I have the perfect solution: Crushed ice, and salt. I can look in and see stuff I’d rather not see. I have tried baking soda and vinegar, but that hasn’t worked to dissolve and remove the build-up of coffee stains. The opening makes it impossible to get in and clean. ![]() Have you ever left the coffee pot overnight to wake to a blackened, disgusting, burnt-on mess? Can’t get rid of the gunky build-up in your favorite carafe or thermos-stuff you can see, but not reach? Try an old trick perfected by wait staff in restaurants, cafes, and coffee shops everywhere to get it sparkling clean.ĭear Mary: I have a big stainless coffee thermos. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |