It's Easy Being Green

It looks like we’ve got another massive round of winter weather heading our direction here in the mountains of Arizona.  The sun has been out the last two weeks but temperatures have been super cold and we still have a ton of snow left on the ground from the last storm!  It’s good though.  Our parched streams, rivers and lakes all need water and it will help to delay wildfire season a bit this year.  I knew it was going to be a good day…even a good week though when I opened the blinds in the bedroom to see the ice crystals forming feathery art on the window.  I hope you enjoy it as much as I did.

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If you haven’t already read my post below on the Mortgage Meltdown and Credit Crisis you should.  This is an illustration of what amazes me about American’s current financial status and the desire for more.  We were watching TV this morning and an ad came on for “cashcall.com”.  They were advertising small consumer loans, presumably to pay your house payment or other items you’ve already fallen behind on like bills and stuff.  Then, the fine print pops up for less than one second at the end of the commercial.  I was able to freeze frame it thanks to my DVR and took a picture using the digital camera:

It’s a little hard to read but let me break it down for you.  The fine print says a typical loan of $2,600 has an APR of 99.25% with 42 months of payments at $216.55 per month with a $75 origination fee.  If you break that down, you’re paying $10,070.00 for the whole loan spread over three and a half years.  That means you paid $6,495.00 in interest alone on a $2,600 loan.  That also assumes you don’t make a late payment or get hit with other fees in the process.  What a bunch of crooks!  I hope consumers steer far away from companies like this!

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You’d have to be like an ostrich with its head stuck in the sand if you haven’t heard one bit about the current state of our economy. Houses are foreclosing at record rates, new homes aren’t selling and there’s already an 8 month glut of unsold homes sitting on the market. Add to that the staggering amount of debt a lot of Americans are carrying around and the situation begins to take on some epic proportions.

I just finished watching an interesting documentary called “Maxxed Out“. While I was unsure about it during the first ten minutes, it actually turned into a pretty interesting piece looking at the real impacts of our love for credit. The impacts are extremely sad and disheartening and your left feeling like everyone is just preying on people, waiting to make a quick buck off of them. How did we ever get to that point where people became so engrossed with greed that they will absolutely crush the people underneath them to better themselves? Some would say it’s simply survival of the fittest. Luckily, I’ve never been too wrapped up in the rat race. I was for a time but quickly had a thought about two years ago that it just really wasn’t worth it. I’ve now paid off debts and am in the process of cleaning up my credit. We want to be able to bite while the housing market is down over the next year and get us into a home, so we can finally stop throwing money down the drain in rent every month.

Our government now wants to toss several hundred dollars at each of us so we can go out and “spur the economy”. While I’m honestly not going to sneeze at an $800 check headed my way from the federal government, I’m also not going to go spend it willy nilly like our President and representatives would like me too. Do we really need that new plasma screen TV? No! What you need is to spend more time with your family, get out and enjoy the fresh air or do something good for yourself and our environment. I’m hoping that most Americans will use the money to pay off a debt or throw into their savings account. I know how difficult it is to achieve that financial goal of 3 months worth of pay sitting in your savings account in case of emergency. This just makes it even easier to get there. If you can save 10% of your paycheck, in just a year you will be close to having one month’s worth of pay saved up. That’s not too hard, especially when you add in the “economic incentive” check that will show up in your mailbox.

I know people who just aren’t being smart right now, who still think they’re going to make a mint off someone else. That’s just not going to happen and people really need to buckle down, analyze their spending and be smart about what their paying for. The feds just cut another key interest rate by 0.75% so now would be the time to look at refinancing major purchases like homes and cars. Haggle with your credit card companies to see if you can get a lower APR and save yourself some money on all those interest payments. There’s a lot of websites out there that can help you shop for better deals in the banking system like Finance Genius. If you shop around, you could potentially save yourself hundreds if not thousands of dollars in finance charges and interest. Do something good for yourself in 2008 and become financially fit.

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It’s warmed up to a balmy 17-degrees outside today but with the wind chill it feels more like 4-degrees.  It was bitter cold last night and the car wasn’t too excited about starting up for the drive home from work.  This morning the house felt more like a meat locker inside…making us realize just how truly un-efficient this rental house is.  If you’re faced with high heating costs or just the aggravation of trying to keep your house at a comfortable temperature, you should think about doing your own energy audit.

It’s pretty simple.  You just need to walk through your house and begin considering where you could be losing heating and cooling efficiency.  Unless you’re doing a remodel or buying a house, there’s not much you can do about existing insulation in your walls and ceilings.  However, if you can find out what the insulation value is inside your walls  you can determine the efficiency of that.  A lot of common home insulation is rated around “R-11″ or “R-19″.  The higher the number, better the insulation is.  Some homes will have r-values reaching into the 30’s or 40’s.  According to the Department of Energy, eco-friendly homes built with straw bale walls have an R-50 value!  You can read more about their test homes and the different insulation comparisons by clicking this link.

The biggest source of decreased heating and cooling efficiency is air leaking in and out of your house.  The home we rent is only outfitted with single-paned windows.  That’s extremely inefficient because there is such a rapid exchange of cold air through these windows into the house.  It’s the opposite for summer, with a rapid exchange of heat into the rooms.  The house is outfitted with honeycomb shades on most of the windows.  If lowered prior to dark and kept closed until the sun is well up, they seem to do a decent job of retaining heat and keeping the chill out.  But if the house was outfitted with double-paned, “Low E” windows it would feel much more comfy in here.

There’s also a set of French doors off the dining room and kitchen that are poorly sealed.  You can see the light coming through gaps in the frame and weatherstripping on the door.  About $10 worth of weatherstripping and caulking and a half hour of work could greatly improve the cold air that moves through these doors.  We also hang curtains over it to keep the cold draft out and place an old rolled up blanket at the base of the door to prevent that draft too.

If you’re faced with any of this dilemmas, you should check out the Energy Department’s Home Energy Audit.  It’s easy to click through and tells you all the potential trouble spots in your home.  Best of all, it’s something you can do in just an hour or two or even spread out over several days.  In the long run it could help you save money and keep your house a little more comfortable.

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Did you make a New Year’s resolution to take a college class or learn something new this year? How about taking more online classes if you’re already a student, saving you the money spent on gas to get to campus? Well, another fun blurb in this week’s edition of U.S. News & World Report is about the free, online classes offered by major universities like MIT, Yale and the University of Tokyo. The caveat of course is that you don’t get credit for taking the classes but I think it’s a pretty cool way to expand your mind and learn something new from the comfort of your home. I think it’s a pretty cool idea, although I wish you could get the credit for it!

Nonetheless, MIT offers the most free classes online with dozens of complete courses available. Just click onto the MIT Open Courseware site, pick some classes and start learning! They also launched a new sub-site aimed at high schoolers this year. It offers fun, “how-to” courses like building stereo speakers and guitars and even some AP courses for science and math students.

Yale offers full video versions of it’s most popular courses in astronomy, poetry, philosophy and psychology. They say they have plans to add up to 30 more classes in the near future. Check out their online courses by going to Open Yale.

There’s also an Open Coursework Consortium that can link you to dozens of free courses from Notre Dame, Johns Hopkins and several schools overseas.

If that’s not enough and you’re still yearning for more education, you can head to iTunes University. There you can find free audio and video lectures from Berkeley, Duke, Standford and several other schools and download them to your portable device. Now get out and learn something new!

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Is anyone else even a little dismayed by the current administration in The White House? In case you missed it yesterday, oil prices hit the long-awaited $100 per barrel mark. It’s the highest dollar value the commodity has ever traded at. Granted, if you compare it to the oil crisis of the 1980’s economists say the $100 mark is still a dollar below the 80’s crisis point if it’s adjusted for inflation. There was a lot of speculation by economists last night that the only reason the oil hit that high was because a few lone investors really wanted to see it trade that high. After all, we’ve been awaiting this most glorious milestone for months now!

Well, it seems at first glance those lone few on the trading floors yesterday got to see their fairytale price point. But the implications of it are going to be more far-flung than just rounding another base. Already the economy is feeling pinched. While final numbers from the holiday shopping season aren’t out yet, retailers apparently had a dismal season. That’s no surprise really because it seemed like the writing was on the wall well before Black Friday ads were being leaked to the internet. Now retailers are slashing and dashing, trying to get people into their stores during a time of the year when people are just plain tapped out. It’s been reported that major U.S. restaurant chains are freaking out about the first financial quarter of the year. They’ve already seen huge decreases in the amount of people dining in their restaurants all because of a steadily rising cost for gas, energy used at home and a waning economy.

To trump all economic concerns with the oil climb, White House spokeswoman Dana Perino talked about how in order to stave off high gas prices, the U.S. needs to start more domestic oil exploration and production. It seems Perino really has been given a heavy dose of the Bush/Cheney crack infiltrating every Capitol Hill office! Do our oil producers really need to be given the green light to tromp around already protected areas of wilderness looking for more oil, especially when most experts say it wouldn’t be online for production for another 10 years? With the Dems in control in Congress it more than likely won’t happen. But the Democrats also want the government to start dipping into the strategic oil reserves to bring prices back down. I think that’s another incredibly bad decision when we’re already at the mercy of foreign, oil producing countries.

This is the time for our government to do something good. Quit giving the tax breaks to big oil. Quit giving higher fuel-economy and environmental standards the pussyfoot approach. With our presidential elections just months away, this is a great time for candidates to show what they’re made of in the face of an impending oil and financial crisis. In the meantime, I’m doing what I can to make myself knowledgeable and able to live in a time where oil isn’t always available or worth the cost. I just got the book Peak Oil Survival: Preparation for Life After Gridcrash by Aric McBay. It shows you how to plan for the future, surviving and thriving when the food, transport and energy industries sputter out after consuming their last drops of fuel. I also just stumbled on Cody Lundin’s book, When All Hell Breaks Loose: Stuff You Need to Survive When Disaster Strikes. I’ll let you know how the books are and maybe discuss them as I go along.