This is a finance podcast, but cool. We share real-life experiences where David and the producers crack jokes while also diving into financial literacy and success. This podcast finds the perfect balance between having a laugh and getting down to business.
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PFT #88 - Personal Finance Tip of the Week: Knowing When to Refill Your Propane Tank
According to AgHires, Over 74 million Americans grilled out for the 4th of July. Of this food, burgers will be cooked by 85% of people, steak 80%, and chicken 73% and not to mention, 150 million hot dogs.
When it comes to grilling, 61% of people choose propane and 49% for the charcoal purists according to statista.com.
Now that we’ve had some heat on this topic, the last thing that you want to do is run out of propane when you're in the middle of dinner preparation.
A common question is . . . how do I determine when I need to refill my tank? Instead of shaking it, there is a simple solution to this. Bring a pot of water close to a boil and then pour it over the tank.
This creates a physical reaction between the hot water on the tank surface and the propane inside your tank.
Hence, putting your hand on the tank and where it becomes cool determines how much propane is remaining and you can decide when you need a refill.
The bottom line is that a standard 20 pound tank is around $20 so leaving less gas behind won’t save you much money; however, it can save you from future aggravation.
In my case, it keeps heat going on the grill rather than the heat coming from my wife.
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