Resources for Frugal Living in VA

Tough economic times have forced many Richmonders to take a closer look at their finances. Carrying this careful accounting into the recovery may help many of us repair the damage of this downturn more quickly once the recovery begins. Here are some wonderful resources I’ve found in the last few months. How much can you afford […]

November 10, 2009; 9:15 PM • by cmkoeb

Tough economic times have forced many Richmonders to take a closer look at their finances. Carrying this careful accounting into the recovery may help many of us repair the damage of this downturn more quickly once the recovery begins. Here are some wonderful resources I’ve found in the last few months.

How much can you afford for rent or a house payment (plus utilities)? This calculator helps you figure out the upper limit you don’t want to go over (or maybe want to stay well below).

Speaking of utilities, ALWAYS find out the average utilities by calling the City of Richmond and Dominion before you sign a contract to buy or rent. Older housing can be shockingly leaky, especially if not much insulating has been done. Low income households actually pay HIGHER utility bills than middle income households because they find themselves living in poorly insulated properties. Since rent and sale price are both negotiable, sky high utilities can be a good point upon which to negotiate down sale price or rent. My favorite way to save on utilities is a programmable set-back thermostat. I bought one 4 years ago and have moved it with me several times since I was renting. The forty dollar outlay was easily made back in one year. Why pay to cool and heat when you’re at work? I love that thermostat.

With more people finding themselves renting instead of buying/owning, a nice review of landlord tenant law and tips on renting in VA might also be helpful. More here. And if the landlord tenant relationship really breaks down, the legal aid society may be able to help depending on your income.

And for some random but helpful tips, check out Living Frugal in Richmond VA or this blog for a more comprehensive financial overview. I also love Mint.com because it helps you set budgets and works with all on-line accounts (credit, debit, banking, student loans, etc) to help you see where your money is going.

Post YOUR best living frugal tips below!!!

November 10, 2009 9:15 PM 0