Archive for August, 2007

Commercial break (and a coupon tip)

This kind of posts are rare in between but once in a while I do try to show how grateful I am to the people and companies who support me and my blog. Today I would like to thank two website that have been sponsoring ProBargainHunter for quite a while.

CouponWinner

Aydin, the President and CEO, renewed sponsorship earlier this month and with the renewal email tipped me to a new feature they launched recently. It is called CouponScout. Here is how it works.

Let’s say you are looking for a digital camera and you know that BestBuy and CircuitCity have the camera you like at similar prices. You go to CouponWinner and click on Electronics and select “Digital Cameras” category. Look for the CouponScout icon to the left. Select BestBuy and CircuitCity and click “Compare”. You will see a view like this:

CouponScout

The two lists show the coupons available for each merchant and you can compare the deals side by side to find the best offer on digital cameras.

Financial Web

FinancialWeb is an independent financial portal full of personal finance related educational resources. The kind of information you will find there varies from mortgage to taxes and from insurance to credit cards. FinancialWeb has been sponsoring ProBargainHunter for almost a year now and today they renewed the contract for 3 more months. Give them a visit at FinWeb.com and if you happen to drop them a note say “hi” from Yan at ProBargainHunter! :-)

Watch ads and get free magazines

Well, just one magazine right now, Popular Mechanics, but there are more to come according to the team at AdPerk.com - an advertisement network of new kind where visitors get incentives for watching commercials in a form of free or discounted magazine subscriptions.

According to AdPerk blog, the network just launched last month and as of now visitors really have very few options as what magazines they get to choose. The idea is very novel however and I will be curious to see if the market accepts it.

Irrelevant of what market “thinks” about AdPerk, I recommend you to spend a few minutes at the site watching ads and then pick a free subscription of Popular Mechanics. It is a good magazine and some ad were actually quite educational.

Adperk Snapshot

My trip to Ukraine - visiting Zaporozhye

This will be the last post from my Ukraine series. Overall I spent in Ukraine around 5 weeks and visited 4 cities. The last place we went to was Zaparozhye, a city with population of around 1 million people stretching for several miles along Dniepr - the longest river in Ukraine. During our visit we stayed at my cousin who lives and works in the city.

Dnepro GES damZaporozhye is famous for its power plant - DneproGES. It is a huge dam connecting two parts of the city and supplying electricity to the numerous plants nesting along the river bank. It was built in 1932 and is the largest hydroelectric power plant in Ukraine.

We took a walk across it and I should say it was quite a nervous adventure. The bridge above the dam swings with each passing truck and you literally have to hold the railings to be able to stay straight.

Dnepro GES signSomewhere in the middle my cousin commented that the bridge is long overdue for repairs and then I really regretted I allowed him to get me out over there. I truly felt relieved when we were finally over on the other side. By the way, the dam was named after Lenin and still holds that title (you can read it on the sign, in Russian of course).

The entertainment industry in Zaporozhye is not nearly as developed as in Kiev. There is just one bowling club in the city. ;-) We did find what to do however.

Kozak Sitch fenceWe went to the historical museum which is located on the Khortisa island just down the river from the dam. There is a popular belief that in the XIV-XV centuries Khortitsa served as a camp for kozaks, free people who fled from landlords and made a military camp on the island. The museum guide however rebuffed the idea and claimed that archaeological surveys prove that there has never been a camp on the island itself, although there were quite a few kozak camps in other places along the river.

Kozak Sitch inside modelIn 18th century Russian queen Ekaterina II abolished kozaks military organization - the Sitch. Part of the kozaks who fled Russian troops settled on the banks of Dnepr river founding the city of Zaporozhye.

Today the city government with support from private businesses is building a reduced size model of a camp on the island which among other things will have VIP accommodations for important guests. Part of the financing comes from entertainment industry. I was told they use the camp to film some scenes from a future movie about Ukrainian kozaks.

Recycling bottles in UkraineNow this is a bonus shot from the city of Zaporozhye. I captured the scene close to my cousin’s apartment. This may mean nothing to you but the image does revive some memories from my childhood. The lady by the wall (click on the image to enlarge) collects empty bottles for recycling. My dad not once used to send me to such a place to exchange for money the empty bottles we collected over the week. I didn’t mind much since the profit was usually all mine to keep. ;-)

As I already mentioned, this will be the last post from my Ukraine series however I will be happy to answer any of your questions in the comments. Ukraine is an interesting country which offers genuine history and amazing traditions. I hope this series of posts conveys this idea despite some dark bits here and there.

Does plug-in hybrid car really save money?

Chevy Volt PHEV

I have long repeated in conversations with my friends that my next car will work “off of electric outlet”. Let’s get down to earth however and examine what financial benefits the plug-in hybrid (PHEV) actually offers besides the cool factor of investing into green technology and saving environment. Are we bargain hunters or what? ;-)

I will use GM Volt as the basis

GM is probably closer than any other US automaker to delivering their version of PHEV, the Volt. And so I will base my calculations off of the numbers I dug out for this car.

Volt is claimed to be capable of going up to 40 miles on electric charge. Assuming average electricity rates these first 40 miles will cost you around $0.85 (source). If you don’t recharge it, the car will yield around 50 mpg for the rest of the trip (going on gasoline).

Annual savings of owning PHEV

I used the numbers above and compiled a table of annual savings of driving Volt compared to a gasoline car with fuel efficiency of 30 MPG (want to know how? Here is the excel spreadsheet. Feel free to tweak it). For simplicity I assumed that you use the car for 250 work days in a year. Savings will be 20-40% more if you drive it more often (on weekends as well).

Gas price Daily commute (miles)
($/gallon) 30 40 50 60 70 80
$3.00 $590.63 $787.50 $887.50 $987.50 $1,087.50 $1,187.50
$3.50 $715.63 $954.17 $1,070.83 $1,187.50 $1,304.17 $1,420.83
$4.00 $840.63 $1,120.83 $1,254.17 $1,387.50 $1,520.83 $1,654.17
$4.50 $965.63 $1,287.50 $1,437.50 $1,587.50 $1,737.50 $1,887.50
$5.00 $1,090.63 $1,454.17 $1,620.83 $1,787.50 $1,954.17 $2,120.83

Where do I stand on this table?

I live around 15 miles from work (30 miles daily commute) and gas prices in the area are currently at $3 per gallon. This brings me to the top left corner of the table with annual savings of $590.63.

If GM sets the price for Volt at around $30,000 (as they say they might) it will mean that I will have to own my Volt for over 10 years before it recoups approximately $8,000 premium I will have to cash out for it compared to a regular car. I am not even sure Volts are designed to last that long…

Is plug-in hybrid really worth it?

Financially… Not at gas prices of $3. For my commute (30 miles) the breaking point will probably be $5 per gallon. I will then know for sure that I will be able to recoup the premium I pay for PHEV in approximately 5 years. If gasoline prices go up then I will start saving sooner.

Do you plan to buy PHEV when they become available? What is your breaking point? Please take this poll and let me know.

$100 Ultimate Savings account bonus at Citibank

If you have never had a deposit account with Citibank then you might be eligible for this promotion Citibank is running through August 31, 2007. Open Ultimate Savings Account, enter promotion code CSLN, and receive a $100 bonus within 90 days of your first statement.

Citibank has actually just sweetened this deal from $50 to $100 so if you see any mentioning of a $50 bonus — old news. Also, 4.75% APY seems to be a pretty good deal by itself compared to these other options.

You can open your account online (link) or by this number 1-877-695-9400. I called the customer representative at this number and she confirmed the offer. However I am already a Citibank customer and so I was not eligible.

If you do go ahead and open an account, please tell me about your experience in the comments.

Citibank Ultimate Savings Promotion




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