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Best things to buy in August

Business is cyclical. Here are the best things to buy in August …

There are good deals to be found year-round for just about anything.  However, it's the nature of business that a lot of deals happen at the same time during the year.
Best things to buy in August
Here are things that you can find good deals on in August:

  • Summer wear. It's getting into the latter part of summer now, so people have already gotten their summer clothes. Hence, retailers are already looking to clear out inventory. Add swimwear to this list; if you have children you can look for the next size up and buy at a heavy discount.
  • Computer laptops. Part of the back-to-school nature of August means that laptops are on sale, as many colleges and a lot of high schools all but require them for coursework.

Side hustles: Five things to remember

Got a side hustle? Got twelve side hustles? That's awesome! Just remember the “side” part of side hustle:

This past Wednesday was a busier day than normal.

A few weeks ago I had agreed to be a guest on the 2 Frugal Dudes podcast. In the interim, things got crazy busy at my day job, and I had been putting in extra hours there. I also had arranged to visit a childhood friend who was visiting his parents only a few hours from us; we had scheduled something for this coming weekend.

Then, Tuesday night, I got a request through Wyzant to do some statistics tutoring. The tutoring had to be done this week because her class was almost done.

**Deep breath** OK, so I put in a full day at work, then drove a half-hour one way to tutor someone for two hours … then drove back in time to record a podcast that night for another hour or so.

Automatic savings: Another month of Change

Change continues to use its smarts for automatic savings. And, a taste of the observations it sends out …

I've been using Change for a little over a month now. (Here's the previous update post.)

Change is a service that aims to change behavior about saving and spending with algorithms and behavioral economics (i.e. “smarts”).

Flipping on eBay: Thomas the Tank Engine DVDs

Part of flipping on eBay for fun and profit is finding products to sell. But the deal isn't complete until things are sold …

Garage sales can be good places to get products for reselling on eBay.

Of course, finding the product is only part of this. The other part is selling it for a profit, after taking into account any fees and shipping.

Flipping on eBay: Thomas the Tank Engine overload

I've dabbled in buying things at yard sales and trying to resell them for profit. At one point I was selling magazine back issues — I even had an eBay store at one point — but got out of it because the shipping was killing me.

Best things to buy in July

Business is cyclical. Here are the best things to buy in July …

There are good deals to be found year-round for just about anything.  However, it's the nature of business that a lot of deals happen at the same time during the year.
Best things to buy in July
Here are things that you can find good deals on in July:

  • Tools continue to be on sale. Stores stocked up on tools for Father's Day and now that it's passed, they want to get rid of them. That means more sales!
  • Summer wear. It's … summer now, so people have already gotten their summer clothes. Hence, retailers are already looking to clear out inventory.
  • Air conditioners. There's a lot of summer left, of course, but air conditioners typically start to drop in price in July.

Use it or lose it (and laugh at my monotone voice)

When cleaning house, a great rule is to “use it or lose it” — in other words, to get rid of the things you haven't used in awhile. So, I decided to use a digital recorder I hadn't used in a few years …

It's normal to accumulate stuff. Maybe even a lot of stuff.

Once every so often at least, it's a good idea to take inventory to clear out, sell, give away, or otherwise dispose of things you haven't used in awhile.

The road to clutter is paved with good intentions

Isn't this how it is: There's a well-laid-out, superb plan for using something we're going to buy. Whether it's starting up a new hobby, expanding an old one, or launching a business, we can almost taste how we're going to use that new gadget.

And maybe we do actually use it. Once.

Then it collects dust in a box because life gets in the way. Or because the new activity is more work than we thought it was going to be.

Fancy serial numbers: Unloading your spenders

If you hunt for fancy serial numbers on dollar bills, the large majority of them will be “spenders,” also known as bills with ordinary serial numbers. Here are some ways to unload them if you're not a big cash person …

One thing is true with any treasure-hunting endeavor: You've got to pick through a lot of things that aren't treasure.

Treasure-hunting is 0.1% treasure, and 99.9% hunt.

Fancy serial numbers are fancy because they're rare

I've gone through upwards of $1,000 in $1 bills, looking for fancy serial numbers. I use the strategies that I've outlined in my ebook Fancy Serial Numbers for Fun and Profit to research, price, and try to sell them.

Tax compliance: How $1,560 in penalties went away with a single phone call

Getting tax compliance notices from the IRS stating that you owe large amounts of money isn't fun. It doesn't hurt to call them about it …

I received two letters from the IRS over the weekend.

These weren't pleasant letters, as in, “We caught an error on your return and we owe you a larger refund.” (I have received those kinds of letters before.)

My wife had checked our mail, and was the first to see the letters.

“We have a problem,” she told me.

Two letters, one for each of the LLCs we do business under. Each one saying that we owed $780 in penalties.

The IRS said that we filed our partnership returns late. That's $195 per month or part of month that the return was late, for each partner, for each partnership. From the looks of it this weekend, the IRS was claiming that our returns were between one and two months late: $195 times 2 months, times 2 partners, times 2 partnerships, gives $1,560 in penalties.

Web hosting: More expensive isn’t always better

When it comes to web hosting, you get what you pay for, right? It should be like that, but for my sites the $50/month I was paying for a virtual dedicated server was a painful experience. (Hint: I don't blame the host. I blame myself.)

More web hosting isn't always better. And more control over that hosting isn't always better, either. I learned that the hard way.

Automatic savings and observations from Change

Change is using its smarts for automatic savings gains for me. And, a taste of the observations it sends out …

I've been using Change for about a week and a half now. Change is a service that aims to change behavior about saving and spending with the power of algorithms and behavioral economics (i.e. “smarts”).

Automatic savings update

I mentioned in my review here that the feature that got my attention with Change was the smart automatic savings feature. It's a lot like traditional automatic withdrawals that you can set up through a bank, but with adaptive algorithms that adjust to your spending patterns and balances. Set and forget, and it uses heuristics to withdraw just the right amount on your behalf.