Will The Eco Shower Drop Truly Save You Money? Yahoo UK Finance Seems To Think So!

At any time of the year, a shower in the bath is relaxing. Warm or cold water running down your body is an option done in a few seconds by your water heater. But, upon close examination, your shower wastes about 1 ½ gallons of water yearly for daily consumption. More wasted water means higher energy bills.

Reading through Yahoo UK Finance, reporter Felicity Hannah tried the Eco Shower Drop. 

The manufacturer states that the universal shower meter helps save the average UK family about £180 annually from water and energy costs.

Attaching the gadget on her power shower, she has to turn it on. The gadget then limits the water consumption by stopping the flow when needed. She said that honestly, it couldn’t save her £180 unless you’re really disciplined to go on a timed shower.

It’s safe to say that the gadget was worth a try. Testing it out on my own regular shower, it limits my shower time and water consumption. But it doesn’t take too long to fill up the water meter as Felicity had said.

You’ll have to calibrate it effectively, which can be a bit tricky. However, if you can, it’s most likely capable to help you save water the way you need it.

Nonetheless, the key points I saw was that:

• If you’re disciplined, you could make the best out of your gadget
• No gadget can restrain your behaviour unless you let it.

So, if you plan to save money from showering, take initiative, use the gadget as your yardstick, but don’t depend on it as a primary restraint.

Personal Finance Basics for Entrepreneurs.

Ramit Sethi, a best-selling author that teaches students and up and coming entrepreneurs the basics of managing their finances effectively. His core principles focus on a system of frugality that puts into perspective the maximisation of funds and resources for using the money in a creative entrepreneurial engagement.

Can Weight Loss Make You Spend Less? [Infographic]

It must mean that when you eat less, you also spend less. But is it true that you could save money or does it only apply on non-gourmet meals? Here's an infographic that best illustrates what happens to your many should you decide to spend less.

Three Things That Impose The Limit Where Money Can Buy You Happiness

Happiness is subjective. When you achieve something, you are happy. Opportunity provides room for achievement. Meanwhile, contentment is when you finally find something that would provide you ultimate happiness for a very long time. However, money isn’t always a bad guy, but it also isn’t always a good guy. Money can’t buy happiness, or at least there are limits.

1.    Financial Stability is Crucial to Contentment

To be content, all your resources must circulate and address all the issues you currently have in your life. Once you have your health and life insurance ready, and your retirement fund is capable of supporting you until the day you pass away, you could be happy. However, this is just half of it; to achieve maximum happiness, it is important to fulfil the things you want out of your life.

2.    Money Buys Stress

Inevitably, more money means more headaches for you. Not that it is a bad thing. Money is a reflection of your success and achievement as a person. It comes with your added responsibilities and jobs. However, more responsibilities and jobs also means stress. When there’s stress, there’s no happiness to be found. This is where a passion project could change your viewpoint about stress.

3.    Hedonism at its Finest

To say that money is the ultimate source of happiness is subscribing to hedonism, where deriving pleasure is the meaning of life. Meanwhile, if one is satisfied with hedonism, then one shouldn’t worry about finding contentment. Those who seek more challenges will find no emotional sanctuary with money as they would choose to be more than what materiality money perceives them to be.

Three Reasons Why You Should Never Go With Equity

Why is it that when you borrow money from your bank you feel some sort of guilt when you look at your wallet or your ATM card? Why is this feeling not the same when you just signed a contract with your bank stating the equity you are giving them for your home in exchange of financing? These two should invoke similar emotion because they both cost you in the same manner. However, equity pushes the border a bit more, surprisingly.

1.    Debt is Less Expensive

When you take on debt, you are fighting against interest rates and payment deadlines. When you couldn’t pay, the banks would shun you or give you high interest deals unless you clear your name in the register and improve your credit rating. If you take on equity instead, you’re giving up part of your property forever. With debt, the banks have nothing on you.

2.    Paying Interest Lowers Tax Burden

Most Britons take a loan or mortgage instead of securing their loans with their vehicles because it helps lower their tax burden. This is why most homebuyers re-mortgage their home every five years. When you pay more to interest rates, these amounts are tax-deductible.

3.    Improve Discipline

It’s a different matter when you’re spending money with a credit card. Shop now, pay later, most would say. But when you spend actual money coming from your bank, which you have to pay regularly, you develop the discipline necessary to handle even a credit card properly

The Different Ways The Three Classes of Society Think About Money

Being rich is having time and money to enjoy life. It’s not about owning a yacht, a multi-million pound property or being able to buy everything you want. A person who sets a goal that would make them content with life is a person who is already rich. However, for the three different classes of society, the way money is thought about works differently.

1.    Low-Income Class

For the low-income class, it is about spending money on things that yield no profits. These may be consumer electronics, luxury vacations and new appliances. These only provide benefit for a short time and have no long-term possibilities. As a result, these bad investments only drag them down to living from one paycheck to the other.

2.    Middle-Income Class

The middle-income class also falls victim to spending on things that yield no investment value. These are more luxurious vacations, spending on a new vehicle, and more expensive appliances. Unlike the lower-income class, the middle-income class have the financial capability to invest, but seldom do so.

3.    High-Income Class

The high-income class in each country spends, but thinks of their returns first. They prioritise purchases according to the returns and profits they could get. As they think of it in such a way, they create passive incomes. Their money for spending for themselves increases with every purchase. Basically, it is just them purchasing items that would deliver returns.