Savings Experiment: Simple Ways To Store and Save Food For The Next Day

Saving food isn’t just efficient use of resources. It’s an efficient use of your money. So what’s the best way to keep your leftovers for later?

The USDA and the Census Bureau discovered that American retailers and consumers throw away about 96.4 billion pounds of perfectly good food each year. That comes out to about 122 pounds of wasted food a month by the average family, or about $600. In theory, if we were to preserve all of the edible leftovers we’ve got, we could cut more than a quarter of our waste.

One benefit of food preservation is that it enables you to buy in bulk, which provides a cost benefit all its own.

Freezing

The FDA and the USDA say that any food kept at zero degrees Fahrenheit can be kept safe indefinitely. Whether its flavor will keep, and for how long, is a matter of taste. Many find that the flavor of potatoes, rice, pasta, raw veggies, cream sauces and cheeses will deteriorate over time, but if you eat them quickly enough, and don’t let them frost over in the back of your freezer, the change in flavor may not be discernible.

Freezing

Freezing also requires electricity, which costs money. The bigger the freezer (chest freezers cost from $250), and them more bulk items in one, the more you’ll spend preserving your food. Taking into account both the cost of the appliance and electricity, a fair expense estimate might be about $11 a month for an eight-year lifespan.

Also, if the freezer stops working, your food will spoil. Some foods, such as meats and some vegetables, may not thaw properly, which can lead to them being overcooked.

Also, many apartment and city dwellers won’t have room for a freezer, making it something that’s more suited to suburban and rural eaters.

Still, if you buy in bulk, you can offset the cost of owning your freezer by filling it to the brim with stuff you like. Just don’t forget about it! The longer you wait, the more you may compromise taste.

Canning
It’s a relatively simple process to make food edible for a long time, but it’s not simpler than tossing it in the freezer. In most cases, fruits and vegetables don’t lose vitamins and nutrients in the canning process. The process varies for high-acid food (the water bath canning method for berries, jellies, tomatoes) versus low-acid ones (the pressure canner method for meats, vegetables, mushrooms), but neither one is too complicated for the average home.

Canned food doesn’t need to be refrigerated or frozen, and if executed properly, the food should keep for at least a year. The main expense comes in the equipment, but at $70 to $100 for a boiling-water canner and $30 to $200 for a pressure canner, the expense isn’t far away from a chest freezer, and your tools don’t require a constant flow of electricity to keep working. They’re a one-time investment and can be re-used as much as you want.

Glass canning jars are one of the cheapest and most prevalent items in the American kitchen, and they cost about $8 a dozen — or less. They can also be used for a variety of other functions, including as mugs, vases, and storage for dried bulk goods.

Pickling
Consider pickling to be canning with flair. Using many of the same tools, you add vinegar, salt, and spices in many cases, altering the flavor of the food but not usually its vitamin content, and the food can often keep for up to three years.

The probiotic benefits of pickled or fermented food are widely touted, too. The yeast saccharomyces cerevisiae forms, which in turn promotes your intake of thiamin, nicotinic acid and biotin. There’s a reason that Koreans have been eating kimchee for centuries: It’s easy to make, easy to store, and it’s good for your gut.

Given the time (1 to 5 weeks until maturity) and energy required, pickling is probably best done in bulk, but like canning, its results don’t need to be refrigerated. If you’re already a canner, you can be a pickler without buying any more equipment.

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Easy Money: How To Get a Tax Refund After an European Excursion


Now that European summer travel season is in full swing, it’s time for a simple-but-potent savings reminder: Always remember to claim a tax refund for whatever you buy on your European vacation.European countries have a simpler tax system than we do. First of all, the price that’s marked is the price you pay. There are no surprises at the cash register when tax suddenly appears on the total, because tax is almost always included in the sticker price. That arrangement is much easier on shoppers and cashiers alike. But more significantly, European countries charge a flat VAT (Value Added Tax) of 15% to 25% to pretty much everything you buy. It sounds like a lot, but when you add up all the various taxes Americans pay on purchases, we’re in that ballpark, too.

Americans are not subject to that tax and in many cases, we can get that money back at the airport before we leave. On a recent three-day trip to Germany, I had a expense of €66 (a pair of cool shorts) for which, in the waiting time before my flight home, I got my tax back. I put about €5 back in my pocket. That was €5 I didn’t have to lose, and €5 that many tourists forget to reclaim. Here’s how:

At the shop where you make the purchase, ask for a tax refund form. You must have this, and it must come from that shop with details about the purchase and its identification number included. Not every store participates, but most do, especially if it deals with tourists on a regular basis — and chances are it does, if you’re there.

Collect those tax forms with the receipts and, when you reach the airport, look for the Tax Refund signs.

At that desk, you’ll have to show the papers and (usually) the items you bought, so it’s best to wait to check you bags until after this step. The Tax Refund desk will always be before security screening to make this possible. Technically, you’re not supposed to have used the items before leaving. If you bought something in another European country, it’s okay to get the refund as you leave the European Union on the same trip.

The person at that desk will hand you a voucher that you take a cashier’s window to claim your tax back. Because these windows are operated by outside vendors, they take a cut, and if you want your money exchanged into dollars the rate is not in your favor, but that doesn’t matter to me, because if I didn’t claim that refund, all of that money would be lost to me, and something is better than nothing.

In Germany, the two-step process took me all of four minutes, and I used the money to buy my airport meal.

There are some exclusions to the tax-back deal:

  • You can’t get it on food.
  • You can’t get it on hotels or services such as massages. It’s really just for stuff and souvenirs.
  • Also, it helps if you spend at least €50 on something, otherwise the refund amount will be puny after the cashier’s charges.

However, many tourists tote back armloads of goodies, and they buy big-ticket items such as jewelry and art, and for them, the money back could be substantial.

It’s your money. So to get it, make sure you have that paperwork from the store, and then make sure you build the processing time into your wait at the airport. It doesn’t always take four minutes, as in efficient Germany. In South Africa (which also has a VAT), I have waited 45 minutes.

Since you are technically supposed to arrive at the airport three hours before an international flight anyway, if you use your time wisely, you will end up going home with an unexpected pocketful of cash.

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6 Costly Mistakes You Can Prevent When Booking Thru Travel Sites


Six ways you can screw yourself on the travel booking sitesYou might think that the power to compare travel prices online has created a buyer’s market, since hotels and airlines must always jockey for your business with the best price. But that’s an illusion.Economics dictate that companies will do whatever they can to secure a profit, and so checking the Web for cheap airfare and vacation prices can be a process fraught with hidden pitfalls that aren’t evident to you. Behind the scenes and under the hood, travel vendors have sneaky ways of making sure they still get the money they need to please shareholders despite the fact customers are always hunting for the lowest price.

I talked with Lauren Volcheff, a marketing exec for the company behind the Internet hotel discounter LastMinuteTravel.com, and she agreed to fill WalletPop readers in on a few tricks of the trade. Before you click “buy,” know about these common mistakes people make when booking travel online:

Mistake #1: Performing the same search twice

You search for prices on a set of dates. You surf away for a few minutes to perform price comparisons elsewhere. When you come back and put your search back in, you find the price has jumped up.

That’s because the reservations system remembers you. It knows you want that particular set of hotel nights or flights. Says Volcheff: “the website has the potential to remember who you are through cookies and potentially give you a higher price.”

She adds, “We ourselves don’t do that.” But she confirms that she has heard of “some other players” doing this, particularly among flight sellers.

What’s the workaround? Keep cleaning out the cookies from your web browser. Or, even better, have two or three browsers you like to use (Explorer, Firefox, Chrome, Safari, Opera, and so on), and when you search a second time, use a different browser, where there will be no record of your having just searched for the same arrangements.

Mistake #2: Always booking short stays.

It’s simple: Travel sellers make more money the longer you stay. If you’re always booking short stays, you could be marked as a low-yield customer, and the prices you are quoted could go up because of it.

Although Volcheff swears her company doesn’t engage in this practice with independent customers such as you and me, she says it does happen on her “business-to-business” side, which means among travel agents and other groups who buy rooms at the wholesale rate and not consumers like you and me. So, in theory, a travel agent that always requests short stays for cheaper rooms could be penalizing itself down the road once the reservations system realized that cheap payouts is all it’s good for.

Mistake #3: Always booking cheap hotels
.

As with short stays, travel sellers make less money off inexpensive rooms. As with the short-stay mistake, the reservations system could potentially mark you as someone who won’t make them much money unless the per-night fee that you’re quoted is raised without your knowledge.

“When you think about how a travel company operates, or how any company operates, a transaction for a $25-a-night hotel costs us the same as a $100-a-night hotel, so I would see that as being a motivation,” says Volcheff, who says it’s another practice her company won’t engage in with consumers.”We prefer the $100 booking, but don’t actually change the rate at all for cheaper hotels.”

Mistake #4: Looking for hotel rooms further in advance than three months.

The recession has created a sweet spot for hotel room pricing.

“Wait until you’re within that three-month period to start looking for hotel prices,” advises Volcheff.

Why? “There seems to be this magic period of three months in which hotels hold onto hope that the economy’s going to improve and [until then], they’re not changing their rates much,” says Volcheff. Once it becomes clear that the market is going to remain soft, hotel rates are brought down, and that usually happens around 90 days before check-in.

But don’t wait too long, because the longer you wait to book, the more you might have to part with. Three months ahead is the sweet spot, she says.

Always read your hotel reservation’s cancellation policy thoroughly before booking, because many of them will allow you to cancel with some notice (three to seven days is not unusual) without penalties. That way, you can hold onto a good price while you’re searching for another.

Keep in mind, though, that some booking sites, including LastMinuteTravel.com, will levy a $25 a fee for canceling a reservation — that penalty is separate from what the hotel property itself may or may not charge. Again, read the terms of your bookings before clicking “yes.”

Car rental agencies, too, are ripe for this money-saving tactic, particularly because few of them require your credit card information until you actually pick up the vehicle. That allows you to hunt for the better deal and then cancel the reservations that didn’t make the cut.

Mistake #5: Searching only for the exact number of hotel nights you need.

It seems counter-intuitive, but sometimes you should try searching for a night or two more. Volcheff says that’s because “a lot of hotels will do promotions called ‘pay stays,’ which is a deal that allows customers who pay for two nights to get the third night free. If you only search for two nights, you’re not going to see the third night could be free.”

A third night wouldn’t make a difference if the first two nights’ prices didn’t change, but in many of these promotions, the price will be lower for the first few nights if you agree to stay more. Then, although hotels frown upon it, you can simply not use the final, free night in order to secure the discount on the first few.

These deals are not usually listed on the search page, but when they’re available, they’re built into the system and will turn up in your search.

Something else popular among hotels right now is the “progressive discount.” These encourage longer stays by offering increasing discounts for every additional night, such as 10% off two nights, 20% off stays of three nights, and so on — and you won’t know if those are hiding in the reservations system unless you perform a search that might trigger them.

Mistake #6: Believing the reviews.

Don’t believe everything you read.

“There is so much user-generated content out there, and I personally believe a lot of it is created by the properties themselves,” says Volcheff, who works in the industry every day.

Think about it: Most of the user-generated travel review sites have a dog in the fight. They make money when you book a hotel through them. So a positive review could create a direct financial benefit.

TripAdvisor.com, one of the most popular user-generated travel review sites in the world, is owned by Expedia, one of the 800-pound gorillas of travel booking.

Even if the booking sites themselves don’t monkey with the results, there’s almost nothing stopping a hotel from stuffing the ballot box with reviews that are cleverly written to disguise their true origins. The temptation to game the system is intense indeed, since a positive review may well result in increased bookings — and negative reviews may help sink rivals.

Hotels.com, perhaps aware of the huge potential for corruption, stipulates that “only guests who have booked their room through Hotels.com may submit a review about that hotel.”

I created a list of tips to use whenever you read a user-generated hotel review website. Check it out if you want to be extra-savvy when booking rooms.

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President Barack Obama Will Be On ‘The View’

Whoopi Goldberg announced that this Thursday, July 29, President Barack Obama will appear on ABC’s morning chat show The View. Goldberg said it will be the first time that a sitting American president has appeared on a daytime talk show.Show creator and co-host Barbara Walters, who left the program temporarily to have heart surgery, will return for the interview, which will be recorded on Wednesday. It will be her first broadcast from the show’s New York City studio since early May.

“It will be an outstanding day,” said co-host Elisabeth Hasselbeck, who frequently registers her opposition to Obama’s policies.

“All of those cute security guards! I love to see them,” said co-host Joy Behar. “Remember when Biden was here? They were all over the place.”

“They gave me the extra check then, remember?” said Hasselbeck.

Obama appeared on The View twice before his presidency began.

It’s the latest sign that politicians think the stay-at-home and unemployed viewing public is as important as the evening news viewers and newspaper subscribers. Nearly two decades after Bill Clinton appeared with his saxophone on The Arsenio Hall Show, our politicians are finally starting to show signs that they see value in communicating with us where we actually live, in between the ads for groceries and diapers.

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Existing Home Sales Jump But No More Tax Credit

A compelling question arises in the wake of April’s larger-than-expected 7.6% rise in existing home sales: Should Congress again extend the federal tax credit for home buyers?The credit, $8,000 for first-time buyers, $6,500 for repeat buyers, covered home sales contracts signed by April 30 with the stipulation that the transactions have to close by June 30 to qualify. Let’s examine each side of the argument for extending it.

End It: The Credit Has Served Its Purpose

In April, the housing sector continued to reflect a recovery that’s gaining strength, as measured by existing sales. As noted, sales rose 7.6% , to an annual rate of 5.77 million units in April after rising 7% in March, according to data compiled by the National Association of Realtors. What’s more, sales are up 22.8% compared to a year ago, when they totaled a 4.7-million-unit annual rate.

Second, the median U.S. home price is now $173,100 — up 4% from a year ago, and distressed sales have fallen to 33% from 35% in March, and from 45% a year ago.

Third, NAR Chief Economist Lawrence Yun argues that the housing sector’s price correction “appears essentially over.”

“In fact, a majority of the markets have seen price gains recently,” Yun said Monday, in a statement. “A return to old-fashioned, responsible lending and buying will help the housing market avoid disruptive and painful bubble-bust cycles.” Since April 2009, the median home price has risen 2.1% in the Northeast to $243,000; gained 5.8% in the Midwest to $146,400; inched 1.2% higher in the South to $150,000; and risen 3.8% in the West to $212,400.

Fourth, Yun sees other factors beside the federal tax credit supporting the current housing market. Buyer confidence, stabilizing home prices, an improving economy, and comparatively low mortgage interest rates are helping support sales in mid-2010, he says.

Extend It: Renewing the Credit Will Create Jobs

Perhaps the strongest argument for extending the tax credit concerns the large inventory of unsold existing homes. In April, existing home inventories rose 11.5% to 4.04 million units, an 8.4-month supply at the current sales pace, up from an 8.1-month supply in March. Inventories are also 2.7% higher than they were a year ago.

Further, although inventories are down 11.6% from the record 4.58-million unit peak reached in July 2008, they’re still roughly double their 30-year average, which is about 2 million units. Moreover, even allowing for the larger U.S. population base, and the increased popularity of home ownership today compared to the 1980s, inventories are still unusually high by historical standards. This suggests the recent firming of home prices is fragile, and that any pull back by prospective home buyers could send prices tumbling again.

The second-strongest argument for extending the tax credit concerns U.S. GDP growth and employment levels. Historically, large, sustained gains in employment have driven housing sector recoveries — and U.S. economic expansions in general. In light of the more than 8 million jobs eliminated during the recession, the U.S. economy needs every employment booster it can get — from natural growth, tax credit-induced purchases, exports, or other sources. Extending the tax credit should continue to boost home sales — one way to increase both GDP and employment levels.

And the Winner Is …

Both sides make fairly strong cases regarding the federal tax credit, but this juncture, it appears that the “nays” have it. Congress probably won’t extend the program again, based on the argument that the recovery is now creating enough jobs per month to support both a self-sustaining housing recovery and economic expansion, even without the extra boost the credit would provide.

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Young adults more mindful of online reputation than older people: study

Friday, May 28th 2010, 2:38 PM

Young Internet users are more likely than older ones to guard against revealing too much on social networking sites, according to a study from the Pew Internet & American Life Project, released on Thursday.

Maintaining a solid reputation can be challenging, and with the advent of social networking sites, it gets even tougher as personal — and sometimes embarrassing — information can be visible to the whole world.

“Search engines and social media sites now play a central role in building one’s identity online,” says Mary Madden, lead author of the report, “Many users are learning and refining their approach as they go – changing privacy settings on profiles, customizing who can see certain updates and deleting unwanted information about them that appears online.”

The young and Web-savvy crew understands the potential for overexposure and has taken action, as reflected by the project’s data, compiled from telephone interviews conducted by the Princeton Survey Research International.

Some 71% of social networking users 18-29 have tightened the privacy settings on their profile, and considering Facebook’s recent revamping, these numbers are likely to increase.

In addition to adjusting privacy settings, younger adults are more likely to delete unwanted comments and remove their names from photos.

Also, a larger percentage (28%) of young people distrust free online services like Facebook and MySpace as compared with the older age brackets: 30-49 years old (19%) and 50-64 years old (14%).

Part of this diligent online reputation management can also be attributed to the rise of social networking sites being used for professional purposes, say researchers. This study shows that 27% of employed Internet users now work for an employer with policies about disclosing information online.

An additional factor, according to researchers: climbing the career ladder is more pressing for young people than it is for older, more seasoned professionals. Looking to establish themselves, members of the “brand conscious” generation have painstakingly curated their identities on the Web.

Read the full report at Pew Internet & American Life Project.

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Why Video Games Can Make You Richer and Smarter

You’re at the front lines shooting Nazis before they shoot you. Or you’re a futuristic gladiator in a death match with robots.

Either way, you’re playing a video game – and you may be improving your vision and other brain functions, according to research presented Thursday at a New York University conference on games as a learning tool.

“People that play these fast-paced games have better vision, better attention and better cognition,” said Daphne Bavelier, an assistant professor in the department of brain and cognitive science at the University of Rochester.

Bavelier was a presenter at Games for Learning, a daylong symposium on the educational uses of video games and computer games.

The event, the first of its kind, was an indication that electronic games are gaining legitimacy in the classroom.

President Barack Obama recently identified the creation of good educational software as one of the “grand challenges for American innovation,” and the federal Department of Education‘s assistant deputy secretary for the Office of Innovation and Improvement, Jim Shelton, attended Thursday’s conference.

Panelists discussed how people learn and how games can be engineered to be even more educational.

“People do learn from games,” said J. Dexter Fletcher of the Institute for Defense Analyses.

Sigmund Tobias of the State University of New York at Albany said an Israeli air force study found that students who played the game “Space Fortress” had better rankings in their pilot training than students who did not.

He added that students who played “pro-social” games that promote cooperation were more likely than others to help out in real-life situations like intervening when someone is being harassed.

Bavelier’s research has focused on so-called first-person shooter games like “Unreal Tournament” and “Medal of Honor,” in which the player is an Allied solder during World War II.

“You have to jump into vehicles, you have to crouch and hide,” said Tammy Schachter, a spokeswoman for game developer Electronic Arts Inc.

Bavelier said playing the kill-or-be-killed games can improve peripheral vision and the ability to see objects at dusk, and the games can even be used to treat amblyopia, or lazy eye, a disorder characterized by indistinct vision in one eye.

She said she believes the games can improve math performance and other brain tasks.

“We are testing this hypothesis that when you play an action video game, what you do is you learn to better allocate your resources,” she said. “In a sense you learn to learn. … You become very good at adapting to whatever is asked of you.”

Bavelier believes the games will eventually become part of school curriculums, but “it’s going to take a generation.”

Schachter said the purpose of “Medal of Honor” and other games is to have fun, and any educational benefits are a bonus.

“Through entertainment these games test your memory skills, your eye-hand coordination, your ability to detect small activities on the screen and interact with them,” she said.

Not everyone is a fan.

Gavin McKiernan, the national grassroots director for the Parents Television Council, an advocacy group concerned about sex and violence in the media, said that when it comes to violent video games, any positive effects are outweighed by the negative.

“You are not just passively watching Scarface blow away people,” McKiernan said. “You are actually participating. Doing these things over and over again is going to have an effect.”

Bavelier said games could be developed that would harness the positive effects of the first-person shooter games without the violence.

“As you know, most of us females just hate those action video games,” she said. “You don’t have to use shooting. You can use, for example, a princess which has a magic wand and whenever she touches something, it turns into a butterfly and sparkles.”

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