Showing posts from November, 2009

An interesting development and Sportsmansguide

So I got my first paycheck since I took out the loan on my 401k. Surprise, surprise my takehome is now more than it was after the loan payment is taken out. All payments into the account are tax deferred so if after making your payment you end up in a lower tax bracket the amount that you're taxed is reduced. That could make your paycheck bigger than before even after you make your loan payment. Any payments made towards your 401k are taken out of your check by your employer before you get the income so you're not taxed on it. Oh and the interest rate on my loan is only 5.5%. If you have a 401k, lots of credit card bills and you don't foresee losing your job anytime soon then educate yourself. This could be a very good tool to get yourself out of debt. Technically, I only owe myself the money that I borrowed. If something happens and I can't pay myself back then I have to pay a 10% penalty on the amount that I borrowed and the amount of the loan counts as taxab

Finally got a few bucks to play with

Now I'm trying to come up with a few things that I need. I want to get a new canner. The old antique canner that I've been using makes me nervous. It works well but it's from the 40s. I'll be getting one of those All American gasketless canners. I also want to get a better grain grinder to replace my corona. I'll probably just get a back to basics mill. I want the country living mill but it's a little more than I'm willing to spend for something that I probably won't use a whole lot. Of course, I'll be kicking myself if there ever comes a time when I do have to use it regularly. If anyone has a better suggestion for a grinder in the $100-$200 range I'm all ears. A set of Berkey filters are also on the list. I'm going to make a water purification unit out of a couple of 5 gallon buckets. I might also pick up some of those can organizers that Ryan at TSLR wrote about the other day. As for food I'm pretty well set. I just buy

Got a new flashlight

So I got a new flashlight. If you haven't noticed by now I'm a bit of a flashlight whore. I like to have one on my person at all times. Every room in my house that I spend any time in has a flashlight stored away somewhere. When it comes to daily carry lights they just need to be small enough to fit in my pocket and I need to be able to see when I point it at something and turn it on. Brightness can become a big issue when you need something that lights up a room so if you're going super cheap you could find your carry light severely lacking if you get into a really dark room. I'm also a bit of a cheapass and I have a tendency of losing flashlights so cost is also an issue. For a daily carry light I don't like to spend more than $20. The last one that I was carrying was a Streamlight Stylus. I was pretty impressed with it but it did have it's drawbacks. First of all it was way too long. That's why I lost it in the first place. When I'd hop