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With summer approaching many home improvements are in the planning stages or have even been scheduled. Most of us are great at planning the project but often times how we are going to pay for the project is given little thought. How we finance the project though can have very important implications for our overall financial picture. And this planning will be extremely helpful in determining how big of a project we can really afford to tackle.
Whether it’s your first home or your retirement home, there are ways to avoid having costly mistakes when it comes to getting your mortgage. The home buying experience is always much easier if you have developed a relationship with two very important people – your mortgage lender and your realtor. Establishing a relationship with your mortgage lender can help you sidestep many of the problems that home buyers sometimes unexpectedly experience in the process.
Ever wonder how or even what you should be teaching your teenager to help make them more financially prepared? The teenage years can be a difficult time to impart financial wisdom. They have little income and very little if any financial responsibility. If one is not careful, it is very easy to create bad financial habits during these formative years.
How financially savvy is your college aged child? Are they prepared for the real world and ready to make real financial decisions on their own? Building good financial habits during college is extremely important to long term financial success. Following are few ways to help your child become good at making financial decisions.
We have all heard them over and over but do we really understand the common financial tips that are often repeated? Sometimes these tips can be misleading or perhaps their true meaning is really hidden in the details behind the advice. And for a couple of the common tips, they are really the start of a much bigger effort.
A recent study by the Federal Reserve cited that non-housing, household debt has risen 3.3% in the last quarter of 2013. And a majority of US households indicated a financial setback of $5,000 or more would be a major financial catastrophe Much of it can be attributed to the fact that 2/3’s of US households don’t have a spending plan.
For millions of Americans, they have or will soon receive a tax refund check this year. This year’s average refund check has been nearly $2,900 per return. There are several prudent choices for your tax refund and even a few fun ways to spend it if you just have to spend the refund.
With the first quarter of the year already gone it might be time to look at those resolutions that you formulated at the start of the year. If like some, many of your New Year’s resolutions have gone by the wayside. If those forgotten resolutions are financially related there is still time to get them back on track.