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Paint On Savings

December 3rd, 2006 at 06:44 pm

Looking to spruce up your house with a little paint? Why not insulate the walls at the same time with the same brush stroke. I happened to be looking for paint and insulation for a home improvement project when I stumbled upon insulating paints. It's a less expensive alternative to placing standard insulation materials in your home walls and much easier to install since all you do is paint on the insulation. Although insulation paint has been around for years, it has been used mainly used for commercial buildings. That is beginning to change as the public sees insulating paints as a way to save energy and reduce heating / cooling costs. It is possible to add the insulating properties by simply mixing an insulating paint additive into any paint that you use.

The insulating additive is able to insulate by providing a radiant heat reflecting, insulating and thermal barrier coating when mixed with the paint. The insulating paint additive is a fine power substance made of ceramic "microspheres" that appears to be like flour or a fine talcum powder. It is non-toxic, safe to use with any paint and environmentally friendly.

As if lower energy bills aren't enough, the insulating paint additive also has some other attributes that should make any homeowner happy. The paint helps in the following ways:

Reduces Corrosion
Resists Staining
Reduces Abrasions
Resists Build Up Of Mold & Mildew
Is Easier To Clean
Is Longer Lasting Paint Durability

You can find insulation paint at most places where paint is sold and it can be purchased either premixed or separately where it can be added to the paint. The additive works for virtually any type of paint whether indoor or outdoor. So the next time that you are planning to do a bit of painting around the house, consider also insulating your home at the same time.

Real Estate Investing

June 11th, 2006 at 05:01 pm

A new article over at Investing Page from Roger Sorensen who is the editor there on Real Estate investing on some of the options you have if you purchased a second home that you're considering selling:

If you bought the house because you wanted rental income, or had a good tip from a friend, perhaps you should sell. Housing is a cyclical market and what goes up will come down. At this time, the fourth quarter update of the 2005 Global Insight/National City Housing Valuation Analysis notes that affordability is at its lowest point since 1991. This is due to the twin factors of rising interest rates and high home valuations.

It Pays For Itself

February 20th, 2006 at 04:23 am

It's always a nice break when I come across a piece written about personal finance or saving money that has a bit of humor in it (I think that is one aspect of personal finance education that is almost non existent - if you could write a personal finance book that also incorporated humor, you'd have a great tool to teach plus make a lot of money)

In my daily reading I came across this article titled

Text is The Cost of Saving Money Is Adding Up and Link is
The Cost of Saving Money Is Adding Up: After a careful review of our household finances, I have come to the conclusion that we can't afford things that pay for themselves.

Once we have the new furnace installed, I consider having all the windows replaced, because it seems like a shame to have all that brand-new heat going outside. So I call a window company to come out and give us an estimate. The estimate is about 4,000 times higher than I expected.

"I know it sounds expensive," the salesperson concedes, "but these windows will pay for themselves."

"How soon?"

"Well, depending on various factors, no more than 20 years."

"I won't be living here in 20 years," I reply. "In 20 years I'll probably be living someplace where they come along every couple of hours and wipe the applesauce off your chin."

While the article takes jabs at investing in appliances that "pay for themselves" over time, it brings up a valid point and one where you need to seriously consider how you will be using the items you purchase. Buying the cheapest doesn't always save you money if it costs more to run while investing in an appliance that will "pay for itself" doesn't make sense if you're not going to be there to benefit from the savings (this is not taking environmental factors into account which would be a separate argument).

If you've been reading a lot of personal finance lately, take a short break to read this and put a smile back on your face before tackling more articles...

Smart Financial Move

February 2nd, 2006 at 05:45 am

I was reading the latest Millionaires in the Making and wanted to point out a smart money move that they made that most people would never consider:

"Most people move into a bigger house when they have kids. Not the Lees. To both give their two children a good education and continue saving for retirement, 13 years ago the Lee's downsized from a new 3,200 square foot, 5-bedroom colonial to a 30-year-old, 2,200 square foot four bedroom home...

The smaller house was in a better school district and thus avoided the need to send the kids to expensive private schools. Instead they plowed that money into their 401(k)s..."

With everyone always thinking "more and bigger" it goes to show how doing something a bit different can have a huge impact on your finances.