If you are age 62 or older, I’m sure you’ve seen the countless commercials every day on TV about reverse mortgages. Whether it’s Henry Winkler (yes, the Fonz!) or Tom Selleck (yes, Magnum P.I.!) telling you about the wonderful advantages and the free information that you can get about them, you were probably a little curious if you own your own home and are looking for ways to help limit your mortgage costs and retirement expenses. Who wouldn’t want to do that?
Truth be told, reverse mortgages are very complicated and are not the “be all end all” for everyone. There is danger in this process for some and as we all know when something sounds too good to be true, it probably is just that. So let’s cover some reverse mortgage pros and cons. Continue reading
With the cost of home ownership so high, more and more people are choosing to rent these days. Apartment living has its advantages, including having things like maintenance and repairs handled by the landlord. It’s also a good option if you don’t know how long you’ll want to live in a particular area. I’ve lived in a number of apartments over the years, some nicer than others, but all were affordable. When you’re ready to move, whether you’re changing locations or just changing buildings, there are a number of ways to save on an apartment.
First, you want to make sure that you can find a rent within your budget. It’s recommended that you spend no more than 30% of your post-tax income on housing, but the numbers can vary depending on your situation. Get an idea of what you can spend, and then you can begin looking around for homes that meet your criteria. Continue reading
Hot enough for you? Unless you just got back from the North Pole you have probably noticed that we’re in the middle of one of the hottest stretches of the year, or any year for that matter. We’re suffering from the effects of what is known as the ‘Heat Dome” which currently stretches all across the country. So you don’t think weather patterns are changing and the extremes from one season to the next are dramatic and unpredictable? (Perhaps you’d like to read what science says about that.) But wait a second, what is the “Heat Dome” and what can you do about it?
The dome effect is, well, a dome effect which occurs when the heat that is present just can’t escape into the atmosphere because of several factors including the dew points, humidity and yes, the stagnant pollution. In addition, “corn sweat” (yes you heard that right) produced by the Midwest crops adds to that condition building up dangerous and potentially lethal conditions from the high temperatures. Continue reading
From the earliest days in our country, owning your own home has been a goal of almost every American or at least it seems that way. From the time that the first settlers landed at Plymouth Rock in 1620, setting up and having your very own place to live was something that each family did and they focused all their attention on it. Of course, they had to build that shelter back then, unlike today when we can just look around the part of the country we want to live in and pick a house from the neighborhoods we like and can afford. Many of us have done just that, more than once, myself included. It’s the biggest most expensive thing you can ever buy. But, is it still what everyone wants today? Has the American dream of home ownership started to slip away?
Despite the calendar, this morning as I write this post, we still haven’t seen the temperatures make us feel like summer is just around the corner. In fact, “Princess” (our beautiful hanging basket of purple petunias…yes, we name our plants) slept last night in the house to avoid us having to put a winter sweater on her to keep her warm!
But just as light follows darkness, summer is going to arrive soon and for us, Memorial Day weekend is the kickoff to those lazy, hazy, crazy days of summer! And what says summer more than a good old fashioned barbecue? Continue reading
We have all been there, haven’t we? We have a new appliance or device at home and then suddenly out of nowhere, it just stops functioning. You recently spent $700 on that thing and now it doesn’t work. What should you do? It’s under a warranty, right? It should be fixed! Should you return it and get another one? Can you return it? What happens if it gets repaired? Deciding whether to repair or replace it is an expensive guessing game.
One thing that’s important to know is that you don’t have to throw good money after bad. Repairing items isn’t always the best way to get an appliance or item to work properly again. Let’s take a look at some facts from a Consumer Reports study published in January 2014. They surveyed nearly 30,000 subscribers who own dozens of specific items of varying age to see what they did when an item needed a repair or replacement and they discovered several interesting things. Continue reading
Back in the 1800’s, America had a gold rush out in California. You’ve read about it in all the history books and you know it was mass hysteria back in those days as people packed up their belongings and headed west. It was exciting but a real hardship to get out there, get settled, and have the determination and strength to stake your claim. But it was worth it when you hit the main line and cashed out!
Today in 2016 there’s no striking gold out in California, but have you considered the gold you might find right inside your own home? In America today, we’re wasting tons of money, so much so that you can compare stopping that with discovering gold inside the 4 walls where you reside. We all are guilty of wasting our money and so here’s a short list on how you can strike gold starting right now by decluttering your home. Continue reading
Please welcome back fellow blogger Anum Yoon for today’s guest post.
We all want to save money. Unfortunately we live in a society that constantly encourages us to spend. Whether it’s the need to keep up with the Joneses or just maintain the lifestyle we’ve become used to, we all find it hard to give up the things we love.
If you’re willing to make some minor concessions, you might just find ways to put back a bit of extra cash without compromising your lifestyle. Here are a few ideas to get you started. Continue reading
We’re all aware of the decreases in gasoline prices over the past year, so much so that the average American family saved about $700 last year compared with the previous year. There are some reasons to rejoice about the decline of the price of oil and gas but also some reasons to fear it and its reflection on the current state of the world’s economies. That, however, is a subject for another post.
Today’s subject is a warning of sorts. It’s meant to tell you about price increases you can expect this year on several main fronts that can affect you and your money. Costs in these four categories will definitely spike in 2016 and being prepared for them may soften the blow. Continue reading
It’s getting close to the end of the year, and that usually means it’s party time again! Whether it’s a Christmas, Chanukah, Yule, or Kwanzaa celebration, or the big New Year’s bash, we’ll all probably be attending or planning some kind of special activity at work or at home with family, friends, and colleagues during the next few weeks. If hosting a party is in your plans, you may be concerned about your budget. But you can save money hosting a holiday party! Here are some really great ideas to use that will make your party a hit, without breaking the bank!