Why supermarket unit pricing is the best way to save money

SAVING money when shopping for groceries might seem as easy as buying loose items instead of prepacked goods, or bulk products rather than small packages.

However, supermarkets are not that simple, especially when weekly specials conspire to confuse shoppers, so there’s just one way to make sure you buy the best-value stuff: unit pricing.

MONEY MUM: How I save $4000 a year on groceries

The big supermarkets have to display unit prices — the costs of item per unit of measure such as 100g or litre — and consumer specialists say it’s not difficult to compare. If you get confused by different measures, there’s always the calculator on your smartphone.

Trolley Saver’s Sam Lee says specials can confuse shoppers. Picture: Kylie Else
Camera IconTrolley Saver’s Sam Lee says specials can confuse shoppers. Picture: Kylie ElsePicture: News Corp Australia

Research by the Queensland Consumers Association found that people could save a quarter of their shopping bill simply by switching from a high unit price to low unit price product.

The association’s spokesman, Ian Jarratt, said many people followed shopping rules of thumb where buying in bulk was cheaper, loose items were cheaper, and specials delivered the best value.

“It ‘ain’t always like that,” he said.

“You quite often get the situation where the company puts on special the medium-sized package.

“And one

Article source: http://world.einnews.com/article/421708226/b1y5Khb5Q5k8r_Tz?ref=rss&ecode=dYZEnKEuqPQMTccj

Universities sitting on piles of money should put it to use

The debate over tax reform has highlighted many quirks of the tax code, but in some instances it has also highlighted quirks of the economy. Such is the case with university endowments.

What you do with regard to debt and savings can reveal much about your beliefs about the future. If you are a young person and you believe your future will be improved by getting a higher education, it makes sense to borrow money to pay for that education.

If you are later in your career and you don’t expect to work forever, it makes sense to be saving or to have saved money.


This is also true at the firm level. Companies without compelling investment opportunities may retain cash until there is a good deal in front of them. The reverse is also true. Many of the prominent tech companies that we see in the headlines take outside investment and don’t make money for years in part because it is so valuable to invest their resources in more growth. 

Even countries operate in this way. Nations that have significant natural resources often establish a sovereign wealth fund. With the influx of significant money, these countries can’t always invest in ways that make sense today, and by using up resources today, they have an obligation to future generations. When a country can borrow at a low rate to invest in their economy and produce higher rates of growth, they generally do.

In other words, saving money implies that you don’t have a compelling

Article source: http://world.einnews.com/article/421709439/XaBZY1hcLbojuWpK?ref=rss&ecode=dYZEnKEuqPQMTccj

Gifts from nonprofits: Try some new shopping venues, save money and support local groups


At the Sharlot Hall Museum gift shop, regular customer Katie Jump looks at one of the local history books. The store carries a variety of historical and Prescott-centric gifts, books, crafts and jewelry. Specialty items in the store include the $12 hand-sewn sunbonnets in pastel colors that speak to the early days of this city’s history. (Nanci Hutson/Courier)

A Billy the Kid cookbook.

A cat-face, hooked rug holiday pillow.

An old-fashioned tin Jell-O mold.

These unusual, specialty items and much, much more can be found in a select group of mostly volunteer-operated boutiques and thrift stores that many residents and newcomers don’t know exist. The good news is that once people discover that the proceeds from sales in these quaint spots is tax free and benefits non-profit organizations, they tend to come back.

Let’s start with the Sharlot Hall Museum on West Gurley Street.

Beyond the preservation of local history on its campus of historic buildings and exhibits, including the first Territorial governor’s mansion, Sharlot Hall’s cadre of volunteers run a gift shop in the restored 140-year-old home that once belonged to a frontier businessman, William C. Bashford, son of Arizona’s first lawyer, Coles Bashford.

The Victorian house with its stained glass front doors, solarium and decorative fireplace is divided into specialty rooms, one of them stocked with books that tell tales of Prescott’s early years as well as offer insights

Article source: http://world.einnews.com/article/421710579/CSLKXRAAA-UsE-Ia?ref=rss&ecode=dYZEnKEuqPQMTccj

Health care: Let’s put our money where our mouth is!

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It has been said a society is judged by the manner in which it handles its most vulnerable persons.

We also know ill-health that incapacitates an otherwise well-functioning individual creates a level of helplessness and vulnerability that can make one question their very reason for being.

For a long time, access to healthcare of acceptable quality has been a factor of socio-economic status. Poorer countries have accepted third-rate health systems, subjecting their populations to increased morbidity and mortality as well as a poorer quality of life because of their poverty.

Even within countries, wealthier individuals and families have been able to access the best healthcare in the world, wherever it is to be found, while poorer people have had to make do with what is essentially voodoo in the name of public health systems. The new Director-General of the World Health Organisation (WHO), Dr Tedros Adhanom Ghebreyesus, came into office with the promise of making universal health coverage (UHC) a top priority across the world. He has continued to push an aggressive campaign to get countries to sign on and help make it a reality.


In the past few weeks, President Uhuru Kenyatta has been setting out the priorities for his government over the coming five years, and it is gratifying to note that for the first time in our history health is ranking as one of the four priorities his government has decided

Article source: http://world.einnews.com/article/421711602/QzHz0lGMGViR6DdR?ref=rss&ecode=dYZEnKEuqPQMTccj

Show Me the Money: Economist Calculates US Gov’t Blew $21 Trln in Taxpayer Money

Skidmore’s estimate, based on a careful reading of publically available documents on government spending under three administrations between 1998 and 2015, was calculated after intense digging by the professor and his team, including poring over government websites and making repeated requests (often unanswered) to government officials for more information.

According to Skidmore, his investigators’ persistence led the Office of Inspector General to temporarily disable website links to files showing possible misappropriations and waste. Unfortunately for the agency, his team had downloaded and safely stored the documents before that happened.

This is an aerial view of the five-sided Pentagon building, headquarters of the United States Department of Defense, in Arlington, Va., in 1975Last week, the US Department of Defense began an agency-wide audit, the first in its history. The audit came just a few days after Dr. Skidmore discussed his findings with USAWatchdog.com, a nonpartisan news and analysis site focused on government accountability. Commenting on the move, the professor said he felt that his team’s findings “may have made a difference,” but refrained from claiming that his estimates specifically prompted the audit.

Skidmore told USAWatchdog.com that his findings remain incomplete, being only what he and his team have managed to find by looking through Office of Inspector General reports back to 1998. At the same time, he said, the “biggest chunk” of unaccountable spending came from the US Army, with $11.5 trillion in possible misappropriations found over a thirteen year period.

The economist is now lobbying lawmakers

Article source: http://world.einnews.com/article/421713684/hknWCDfJVr0A1gQ_?ref=rss&ecode=dYZEnKEuqPQMTccj

2 Canadian dividend stocks to start your TFSA retirement fund in 2018

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Young Canadians are searching for ways to set aside ample funds to support a comfortable retirement.

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This wasn’t always an issue, but the employment world has changed considerably in the past 15 or 20 years, and new graduates can no longer assume they will immediately find a full-time job with juicy benefits.

Contract work is more common, and when a full-time gig finally comes around, the pension benefits, if any, can vary significantly.

As a result, many young people are forced to take their retirement planning into their own hands.

One popular strategy involves buying dividend stocks inside a TFSA and investing the distributions in new shares. This sets off a powerful compounding process that can turn a modest initial investment into a sizeable nest egg over time.

Let’s take a look at Fortis Inc.(TSX:FTS)(NYSE:FTS) and Toronto-Dominion Bank (TSX:TD)(NYSE:TD) to see why they might be interesting picks.


Fortis owns natural gas distribution, power generation, and electric transmission assets in Canada, the United States, and the Caribbean.

The company has grown significantly in the United States in recent years, including the US$4.5 billion purchase of Arizona-based UNS Energy in 2014, and last year’s US$11.3 billion acquisition of ITC Holdings.

The new assets are performing as expected, and shareholders are reaping the benefits.

Fortis plans to raise the

Article source: http://www.msn.com/en-ca/money/topstories/2-canadian-dividend-stocks-to-start-your-tfsa-retirement-fund-in-2018/ar-BBGLUYv?srcref=rss

This is a $64,000 house. And a robot can print it in 8 hours

Building a house by hand can be both time-consuming and expensive. Some homebuilders have chosen to automate part of the construction instead.

A new Ukrainian homebuilding startup called PassivDom uses a 3D printing robot that can print parts for tiny houses. The machine can print the walls, roof, and floor of PassivDom’s 410-square-foot model in about eight hours. The windows, doors, plumbing, and electrical systems are then added by a human worker.

When complete, the homes are autonomous and mobile, meaning they don’t need to connect to external electrical and plumbing systems. Solar energy is stored in a battery connected to the houses, and water is collected and filtered from humidity in the air (or you can pour water into the system yourself). The houses also feature independent sewage systems.

Since the startup launched in spring 2017, it has received more than 8,000 preorders in the United States for its homes, which start at $64,000. The first 100 ones will be delivered in January 2018.

(Click through the slideshow)

Article source: http://www.msn.com/en-ca/money/homeandproperty/a-robot-can-print-this-dollar64000-house-in-as-few-as-8-hours-%E2%80%94-take-a-look-inside/ss-BBGNw1y?srcref=rss

Bank of Canada governor: Bitcoin more akin to gambling than investing

Stephen Poloz wearing a suit and tie© Provided by thecanadianpress.com

Bank of Canada governor Stephen Poloz is sounding the alarm on Bitcoin, calling the purchase of the cryptocurrency “closer to gambling than investing.”

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In a speech at the Canadian Club Toronto on Thursday, the governor said Bitcoin is not a reliable store of value and does not constitute “money.”

He added that buying the cryptocurrency “means buying risk” and urged those flocking to it to “read the fine print.”

“It is a situation which has the ingredients of something that could be a significant disturbance,” Poloz said to reporters after his speech when asked about Bitcoin’s wider ramifications. “I’m hopeful that the system will treat it cautiously from here.”

Poloz’s comments come one day after the chair of the U.S. Federal Reserve Board Janet Yellen called Bitcoin a “highly speculative asset” that “doesn’t constitute legal tender.”

But on Sunday, Cboe Global Markets launched Bitcoin futures and CME Group Inc. says it plans to follow suit on Dec. 17, giving investors more ways to tap the cryptocurrency.

The price of Bitcoin has soared this year, briefly touching US$19,000 earlier this month before slipping to roughly US$16,700 on Thursday late afternoon. At the beginning of the year, one bitcoin was worth roughly US$996.

Poloz said Thursday the Bitcoin price chart “looks like the

Article source: http://www.msn.com/en-ca/money/topstories/bitcoin-more-akin-to-gambling-than-investingpoloz/ar-BBGKoKk?srcref=rss

Here are the ages you financially peak at everything throughout life

young woman wealthy happy© Provided by Business Insider
young woman wealthy happy

Your financial situation is ever-evolving — just like your happiness.

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But similar to your state of mind, your finances are bound to peak at certain times in your life.

To find out what that timeline looks like for the average person, we’ve gathered some research on how Americans spend, save, and earn money.

The graph below pinpoints the age at which you peak at everything in terms of your money.

BI Graphics_the age you peak at everything financially© Provided by Business Insider
BI Graphics_the age you peak at everything financially

Keep reading to learn more about the five financial peaks:

Age 25: You spend the most money you don’t have

a group of people posing for the camera© Provided by Business Insider

Anyone, regardless of age, can be guilty of overspending. But for the average American 20-something, the propensity to overspend is often greater than any other cohort.

According to data from the Bureau of Labor Statistics, a 25-year-old’s average pre-tax income is $31,000, while their annual spending is around $33,000. That means they’re likely racking up debt — or getting a handout from mom and dad — to cover their expenses.

Living beyond your means is

Article source: http://www.msn.com/en-ca/money/personalfinance/here-are-the-ages-you-financially-peak-at-everything-throughout-life-%E2%80%94-from-salary-to-net-worth/ar-BBGNB2m?srcref=rss

Canada has a record 361,700 unfilled jobs. Where are they?

nbsp;© Wilfredo Lee/AP Photo

Looking for a job? Try British Columbia.

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The west coast province has Canada’s highest rate of unfilled, available jobs, according to a new survey from the Canadian Federation of Independent Business (CFIB).

In all, there were 60,100 unfilled jobs in B.C. in the third quarter of the year, for a job vacancy rate of 3.4 per cent, the highest in the country. In Canada as a whole, the number of unfilled jobs hit a record high of 361,700, the CFIB said in a report issued this week.

The nationwide job vacancy rate rose to 2.8 per cent, up from 2.4 per cent a year earlier and the highest level since before the financial crisis of 2008-09, the CFIB said.

For those seeking work, this may be as good as it gets.

Canada’s unemployment rate has fallen to 5.9 per cent, the lowest since 2008. The economy added an impressive 390,000 net new jobs over the past year, a 2.1-per-cent increase — faster than population growth.

“Labour shortages are again becoming a major hindrance to businesses across the country, especially small firms,” said CFIB’s chief economist, Ted Mallett.

Watch: The top jobs in Canada for 2017

There were 85,000 unfilled jobs Quebec, where the unemployment rate has fallen to the lowest it’s ever been on

Article source: http://www.msn.com/en-ca/money/topstories/canada-has-a-record-361700-unfilled-jobs-here%E2%80%99s-where-they-are/ar-BBGMNzq?srcref=rss