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Money and Finances
Reply to "What are people doing to save money in this insane economy?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As immigrants and somewhat informed people, we had realized that USA cannot sustain being the land of plenty for all decades ago. These things were being discussed even then. So over the years, we had lived as if the economy was bad and we prepared for the future - - Cooked healthy meals at home. Good for wallet. Good for health. - Bought a nice, large home at the bottom of the market in an average but convenient neighborhood. Have a great mortgage rate too. - Send kids to public schools, and public in-state universities for in-demand STEM degrees. They are in good jobs and even with AI, they should be employable for next 15-20 years. - Extensive solar panels and EVs. We have not had electric bills for years now. [b]In fact, Pepco sends us $5 or $7 dollars sometimes. [/b] - Bought Toyotas mainly and very less repair and maintenance. - Make our own coffee. - We continue to eat organic foods. - Do all spa treatments (except my haircut) at home. [/quote] Where do you live? We are in DC and make a ton on SREC credits (like $3,000/year), but never have Pepco sending us $$$s even when it shows we produced far more energy than we used. We still pay at least $20/month just for being hooked up to the grid.[/quote] Same for me. Also in DC. However, at the end of the year, we did get an actual check in the mail from Pepco-- sorry, I don't recall how much it was. [/quote] We are in MoCo, MD. We have a east-west facing house and we actually get humongous amounts of sunlight. Our entire roof, on both slopes, over home and garage, is covered with solar panels. Our house almost resembles a sci-fi house. We actually use a lot of electricity and we produce at least twice of what we consume. There is a charge for being hooked up to the grid, distribution, and the cost of using electricity at night or at peak usage time, which is substantially higher than day-time when electricity is being produced. So, you are selling cheap and buying expensive. That may be the reason that we don't see too much money. However, we have a neighbor who is very frugal with his electricity consumption and he also has solar. He makes more money from Pepco than we do. On the other hand, DH and I, get our cheap thrills when we even get $5 back from the utilities. [/quote]
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