CuttingCosts101.com – Learn How to Save Money!

In the United States and Canada, the average person is likely to have an outstanding balance on their credit card.  It may be a small amount, but it’s still considered debt.  If you are among the ever increasing rate of people that have stacked up a large amount of debt on their credit cards (and i’m guessing you ARE if you’re reading this!), you will want to continue reading about how to eliminate credit card debt forever.

It’s becoming increasingly difficult to pay off credit cards, mainly due to the following factors:

1. The current economic slowdown across North America has left families and individuals with less residual income, and thus turn to credit cards to make up for the difference.

2. Soaring interest rates that can range from 10% all the way up to 30%

3. Making only the minimum monthly payments, which will potentially end up costing you thousands of dollars in interest payments over the course of a year.

Although the above factors make it difficult for the average person/family to eliminate credit card debt, there are a few quality solutions and can help you pay off credit cards and be on your way to becoming debt free.  First, I will show you a method that is effective, but will take considerable time (depending on your level of debt of course).  At the bottom of the page, I will also recommend a quicker and more powerful way to eliminate credit card debt.  Here’s the first method:

1. Get out a piece of paper and write down the names of all your credit cards, their interest rate (you do know that, right?!), the minimum monthly payment, and the current debt accumulated.  This is an important step to get you organized.

2. Next, order your credit cards from highest monthly interest charge down to the lowest.

3. Now calculate the total minimum monthly payment for all your credit cards combined.  This number will be the ABSOLUTE LOWEST amount that you will pay off every month.

4. At the end of each month, pay the minimum monthly payment on all credit cards EXCEPT the one with the highest interest.  Try to put more than the minimum on this card every month.

5. As you get your highest interest credit card paid off, move the credit card with the next highest interest rate into that position and repeat the process over again until all your credit cards have been paid off.

As you can probably see, this method will take some time and a lot of dedication.  If you would like to try a more efficient method to pay off credit cards, and you live in the United States, I suggest you give Debt Consolidation Headquarters a try.  All you have to do is fill out the form on the homepage and they will give you a free consultation.  For those of you who do not live in the US, I would recommend a service from Scott Stephen called Ultimate Debt Guide.  I guarantee that by using one of these services that you will eliminate credit card debt in no time!

Peak Saver is a new program that Hydro One has implemented in order to save electricity costs during peak usage times in the summer months.  They come to your house and install a new programmable thermostat that you can control from anywhere that has internet access.  By signing up, Hydro One is allowed to communicate with your thermostat and raise your setpoint by 2 degrees for up to 4 hours (excluding weekends and holidays).  This helps the reliability of the hydro service as well as help to keep prices the way they are.

Here are some benefits of signing up:

- You will help to preserve energy for future generations

- Enjoy up to 10% energy costs savings with your new thermostat

- Get a one-time $25 credit on your hydro bill

- Get a free programable thermostat professionally installed.

- Have the convenience of changing your home temperature from anywhere there’s internet access.

To be eligible you must have a central air conditioning unit in working condition, live in a single family home or townhouse, and be the homeowner or have the homeowner’s permission to participate.

To sign up you can call 1-866-380-6051 or visit hydro one’s website: www.HydroOne.com/peaksaver

With energy costs on the rise and global warming changing climates across the globe, more people are looking towards renewable sources of energy to reduce their carbon footprint and more importantly save themselves some coin!  However, even the most eager and environmentally passionate person cannot pursue such endeavors because of the cost of setting up a renewable energy source.  The professional installation of a solar energy system can cost in the thousands, so many resourceful individuals are turning to resources that can help you build your own solar panel.

It is possible to completely build your own solar panel, but for the most part, these panels are small and don’t produce the wattage necessary to power more than a lamp….and only for a couple of minutes at that!  The most effective way to produce power from the sun, when you can’t afford to hire the professionals, would be with a solar panel kit.  These build your own solar panel kits come with everything you need to successfully build your own solar panel in the comfort of your living room, or the garage may be a wiser choice.

Surprisingly, build your own solar panel kits are not difficult to find.  With large companies like GE producing these kits, the build your own solar panel sets are very affordable and offer quicker return on your investment than purchasing and professionally installing a solar energy system.  In general, the instructions are easy to follow and in no time you are on your way to your own solar power system.

If you are looking to build your own solar panel there are a numerous resources and guides available to help you through the process.   Click on the link to find out how to get Started making your own power at home and take advantage of the potential money savings and the reduction of your carbon footprint.