The Top Items You Will Need for your new house

When many people purchase a new house there are always things you didn’t notice on the last inspection or didn’t even think about needing. To help you out please find a list of the top items you could use for a new house below. These items also make great gifts for someone you now has just bought as house.

  • Zip ties
  • Duct tape – Useful for sealing any gaps or holes quickly.
  • Bungee cords – Great for moving the Christmas tree along with anything else you need to bundle to your car.
  • A tarp – Helpful for yard work, useful in case your grill cover blows away, can help cover a broken screen, and can even be used as a drop cloth while painting.
    Have a broken screen panel on your screened in porch from the same storm? Hang that tarp.
    Need a drop cloth while you paint your kitchen? You get yourself a tarp.
    Need to catch branches on the ground while your prune your trees? Get a bucket.
  • Flashlight with extra batteries – In case of a power outage or other emergency.
  • Fire extinguisher – One for each floor, along with one in the kitchen and garage.
  • Studfinder – Great tool for fining the right place to hang anything you need.
  • Toilet plunger – Better to be ready for what might happen and not be s… out of luck.
  • Long high quality extension cord – You never know when the power might go out in a room or area and how far away that place might be.
  • High quality hose – You will need it for a long time so make sure it lasts and doesn’t leak.
  • Tool set – Start with a cheap one but as tools break from use understand which one’s are used the most off and slowly replace them with the best quality one’s you can afford.
  • Carpet cleaning machine – Spring the couple hundred dollars and keep your house clean.
  • Ladder – Useful for changing light bulbs, cleaning gutters, and anything else you can’t reach on your own.
  • Carbon monoxide detector – Better to be safe than sorry.
  • Level – A very helpful tool to check if pictures you are hanging are flat or any other project you are working on.
  • Voltage pen – To easily make sure the various outlets are wired well and won’t zap you or your appliances.
  • Dolly – To move heavy items around easily.
  • Make sure the house receives cellular signal and if it doesn’t look into getting a signal boosting device or make sure you are utilizing Wifi when calling.
  • Cash – You will never know when the pipe will leak or what other small issues will come up.

Why Should Not I Pay Off My Home Loan?

No one needs to pay a home loan any more extended than would normally be appropriate. It’s a bit unsettling to have a tremendous obligation approaching over you for a considerable length of time, piling on intrigue. You may even be enticed to pay off your home loan early in case you’re sufficiently blessed to have the money lying around. In any case, paying off a home loan early isn’t generally the most intelligent choice, and there’s a reason home loans are alluded to as “great obligation.” So in case you’re considering paying off your home loan ahead of schedule, here are three motivations to re-examine.

  1. You’ll miss out on that intrigue finding

Paying all that home loan intrigue has an advantage, and it comes as a conceivably sizable assessment derivation. In case you’re in a high assessment section, missing out on this finding could mean paying more in duties, particularly if doing without it pushes you into the following higher section.

  1. You might be left with constrained liquidity

The lodging business sector isn’t especially fluid. Purchasing and offering property takes a great deal of time and work; wrapping everything up can take weeks or even months. On the off chance that you utilize your discretionary cash flow to pay off your home loan, making your home your lone real resource, then you’ll experience issues covering any enormous costs that may emerge. In the event that you lose your employment, have a medicinal crisis, get hitched, or send a child to school, for instance, you’ll need to have fluid resources available. Moving house ought not to be your exclusive choice.

Then again, in the event that you take the cash you’d use to pay off your home loan and rather spread it out over a differing arrangement of speculations, including stocks and bonds, then you’ll have more choices ought to the requirement for money emerge.

  1. It won’t give salary

When you put your cash in stocks and bonds, you can possibly secure a salary stream through profits, premium instalments, and capital increases. Paying off your home loan, notwithstanding, won’t give you salary. Rather, it will abandon you with constrained money left over to contribute. In the event that you put all your cash into your home, it could take years for it to develop in esteem, and paying off your home loan could restrain your capacity to produce wage for things like school, retirement, or other short-and long haul objectives.

 

It’s about the financing cost

In the event that your home loan conveys a high financing cost and you have the money close by to pay it off, then you should pull out all the stops. However, in the event that you have a low loan fee, you can exploit it by clinging to that home loan and utilizing your money to create higher returns somewhere else.

So in totality one can say very easily that its beneficial sometimes not to pay home loans as it saves you a lot of tax and can help in negotiating salary. One should paying off home loans in such a way that one can easily turn the liability into asset.

How Beneficial Is Working Significant Overtime

Are you working more than 80 hours a week? Is over time working leading to happiness? Are you able to balance your life? Working significantly overtime does not always mean more earning or more happiness.

Many end up working overtime because of the greed of earning more. Stop for a minute and analyses, are working overtime consistently landing to increase in happiness quotient?

Research states that consistent working of significantly overtime is because of any one of this

  • Badly defined job role: Maybe you have accepted a job that is poorly structured, which doesn’t have clear job boundaries. So many times, you end up doing every one job.
  • Your skill and Job description doesn’t match: Have you ended up being in the wrong job? One of another major reason anyone spends loads of overtime because the lack of skill to job smartly.
  • Bad time management: Another reason in this connected world is bad time management, at the office do office work, at home be at home. If you are consistently doing overtime may check your time priorities and allocation. Maybe you are not able to finish job within allocated time due to multi-tasking like doing online shopping, Facebook during work which is breaking your theme of work and every time you break your flow you need to restart to gain speed.
  • You are “YES” person: Saying NO is an art. Don’t accept jobs if you are already loaded with work and if you think. It is right to say No with right reason. Otherwise, you end up accepting everything and spending overtime consistently at work.

 

However, stating all the above, there are some cases where you are working overtime for the period, which does not qualify for consistently working overtime. For example, a lot of accounting jobs need to put extra hours during financial year ends due to business needs and the way business conducted. That is not because of your time management or lack of skill. This kind of overtime happens for short period with correct business reason.  Another such example you are working on your start-up project, where you end up spending loads of time until your idea becomes reality. This is a clear example of passion driving overtime. However, be aware you are a human being you get stressed, you need to revitalize for better thinking and being ultra-productive.

So Working significant overtime consistently surely leads to stress, fatigue making you less productive and innovative. This creates a loop of overtime and stress. Get out of it. Get refreshed, do what makes you happy, spend time on health. A good mind can do wonders in minutes. Be active and alive.

Emergency Savings Saves the Day During Financial Crisis

Savings in any form is good and better if you have an emergency fund stashed away to be used only during dire emergencies. Not many of us understand the importance of emergency savings till we actually encounter a crisis. Your personal finances can be shambles if you don’t have savings to fall back on during financial emergencies like a car breakdown, critical health problem of a family member, sudden death in the family etc. You will need to do some financial planning to allow yourself the wriggle room during crisis situations.

emergency savings

 

What does one need to do to enjoy financial freedom even during emergencies? Well, nothing much apart from creating a fund that can take care of unforeseen expenses. You can’t borrow from friends or family members – no one actually saves for friends or extended family members! You can’t even avail payday loans as they will drill a bigger hole in your pocket because of the insane interest rates. Financial planning is the only proper way of dealing with unplanned or unforeseen expenses.

 

All financial experts or market gurus harp on the need for robust financial planning in order to lead a tension-free life. No one wants to see their family members or friends struggling for money during an emergency. What’s the harm in planning ahead and creating an emergency fund that you can use when the need arises?

 

You can keep away some amount every month towards your emergency fund. This can be either in the form of a simple savings account or you can keep the cash at home only. Either way you will be able to make a substantial savings to take care of unplanned expenses. Medical emergencies, house repair, unplanned travels etc. can eat into your earnings if you don’t have an emergency fund to deal with such expenses.

 

If you are an impulsive buyer or a shopaholic then you might find it extremely difficult to save money at the end of the month. Start preparing early and make it a habit to set aside funds at the beginning of the month so that you spend only from the money you are left after saving. Emergency savings can be the best way to deal with the financial crisis and it is an important part of a robust financial plan. In order to enjoy total financial freedom, plan early and create an emergency fund to which you contribute on a regular basis.

Never Too Young to Start an IRA

You are never too young for an IRA and the earlier you start preparing for retirement, the better it is for your financial freedom. Investing for retirement should never be put in the backburner till you turn 25 or 30 or settle down with a permanent job. IRAs are a great option to start investing your money as they are really easy to open and operate while requiring small investment only.

There’s no point fence-sitting till everything falls into perfect alignment because even a $400 dollar annual contribution towards your IRA account is enough to start with. Young investors focused on long term gains have numerous choices in front of them but the most preferred among them is Roth IRA.

Roth IRA – Perfect choice for young investors

Roth IRA makes perfect sense for young investors as it is one of the most straightforward investments that anyone can think of. You will be taxed on the money you contribute towards your Roth IRA and as long as you adhere to the guidelines, you will never be taxed on your withdrawals after you retire. Younger individuals can benefit for Roths by investing on the businesses that offer long term gains through capitalization on the market’s movement. Leveraging the market to make good gains while not having to pay any tax on withdrawals is simply awesome.

3 Stellar Advantages offered by Roth IRA

  • Simplicity

It is really simple to avail tax free withdrawals after retirement instead of just calculating what you will need after the taxes and sending off the estimated payments to IRS.

  • Easy Withdrawal

You will be able to withdraw your contributions at any time from your Roth without paying any penalty. Even the early-withdrawal penalty of 10% can be avoided if you are buying a home for the first time or you are disabled. This benefit is available in case of deaths as well.

  • Lower Tax Rates

The federal income tax rates are extremely low. Your present tax might be higher than what you will be paying at 59 ½, so that’s a much easier option.

The maximum permissible limit of investing in a Roth is $5500 every year and for people above the age of 60 can deposit $6000. You can walk into your nearest bank any day of the week and open your IRA certificate of deposit. The primary aim of IRA is to encourage investment, so invest whatever you can, even when you are in your early 20s.

Will It Be Possible To Get A 3.5% Or 3% Mortgage Loan? Would It Be A Good Idea?

It is natural that people want to establish a better future where they can live successfully and happily with the important people in their lives including their family and friends. Definitely, engaging on a mortgage loan can be helpful regarding this matter.

It is possible to get a 3.5 % or 3% mortgage loan. Meanwhile, you must make sure that you are dealing with a well reputable mortgage company that most customers sought after in the market. For sure you also have your own dream house where you can live for the rest of your life. Fortunately, you do not have to worry since mortgage loans can help you to attain your Homes and Real Estate needs.

The latter mortgage loan can be very helpful to stay in track of your life even you don’t have sufficient amount of money. As a result, you can expect great amount of savings which can support your financial stability. Even more important, you can now wisely allot your money in your other daily needs.

What are the rewards of this mortgage loan?

There are some instances where you are financially bankrupt. However, with the help of the mortgage loan, you can still attain your life’s long time dreams with the help and assistance of a reputable and professional Homes and Real Estate company.

As a matter of fact, you can have the chance to experience a luxurious and abundant way of living. All you need to do is to find a fully licensed mortgage loan service provider. Thus, this is the only way so that your hard earned budget, effort as well as your invested time to it will never be put into waste.

What is best in this mortgage loan is that you can have a reliable money source even you have a bad credit. As a result, you can enjoy your life with the people you love in the best possible manner. With this, you can be satisfied and happy about the status and quality of your life. You just have to apply a mortgage loan to support your housing needs.

However, you must choose carefully the company that you will dealt business with. This is to avoid further problems that can possibly give you depression and frustrations as well as regrets in the end. In addition to this, you can also expect a low amount of interest in the process of possessing your dream house.

If you are a budget conscious individual who has high standards and big dream, you can make a wise decision if you will now apply a mortgage loan on a specific Homes and Real Estate service provider. You can be surprised about the great savings that awaits you in this process. Additionally, you can choose the best mortgage loan package that highly suits to your taste, standards, as well as to your kind of lifestyle.

It cannot be denied that engaging in a mortgage loan for your future is quite challenging. Meanwhile, in the end, you will realize that it will be very helpful to attain the things that you deserve in life.

The 46 Best Ways to Save Money

Check out the below list of the 46 best ways to save money.

Best tips on saving money

1. Open a saving account and actually save money in it. Start small just $20 a month but slowly up that to $100 a month to make a nice rainy day fund.

2. Don’t waste money on things you don’t need. Always wait a day before making a big purchase and sleep on it. If you come across an expensive item that you want, write up a report about why you want it, how it will impact your life, etc. Act like you are asking your boss to buy an expensive piece of equipment or something. Then file the report away to be reviewed in a weeks time. After the week is up, re-read the report with the mindset that someone else is asking to borrow money for that reason. If it passes this review, then begin to allocate funds from future paychecks toward it, which could take weeks. By the time all is said and done, if you do buy it, you definitely won’t regret it.

3. Don’t invest in penny stocks or cheap cryptocurrency. They are cheap for a reason and can lose value at any time for no reason.

4. Look at a compound interest tables. Think of it as giving your future self money at a huge discount.

5. Cook your own meals, don’t eat out.

6. Couponing. Clipping coupons works and the savings add up. Just $5 saved a week is $260 a year in extra money.

7. Recycle beer bottles and other cans. If you recycle 20 cans a week that is $1 a week in extra none or $52 a year extra.

8. This is a little risky but try buying limited edition products (games, consoles) and sell when they are sold out. Some fans are hell set on products and will pay a lot for them. Just watch out for the next beanie babies.

9. Print double-sided. Easy way to make your paper last twice as long.

10. Use recycled paper for scrap. When you are done with a sheet save it to write notes on — no need to do anything else.

11. Use old newspapers/ads for food waste (bones, inedible foods).

12. Use three toilet paper tiles and fold it in half to get thickness of six tiles. It feels just like Charmin.

13. When toothpaste/lotion tube is nearly done, cut it open to get everything out,

14. Go to random public events for free pens, post-it notes, and candy.

15. Always check payphones, vending machines (and surrounding area) for left over coins.

16. Use shopping bags as garbage bags.

17. Seal windows with tape or something to prevent heat loss in the winter time.

18. Freeze bread immediately and toast when you need it to prevent mold and early spoilage,

19. Charge your cell phone, tablet, handheld device at work/school,

20. Use credit card with cash-back option and don’t use debit for purchasing. Most cash back programs give you 1% at least back a year plus you are building your credit score.

21. Disassemble old hard drives and take out the magnets for whatever.

22. Exercise without getting gym memberships. Running is great here and you can do it for most of the year.

23. Cancel cable and watch your shows online for free.

24. Cut phone service and get VoIP, find independent service providers and not the mainstream providers.

25. Use your old toothbrushes to scrubbing stuff.

26. Water down juices to get a little more to drink (90% juice, 10% water). Same taste and you save yourself 10% a year.

27. Do your own taxes. Turbotax or similar online programs are only $30 a year and take minimal time to do.

28. Take office supplies from work/school.

29. Ask for bandages/gauze at the doctors.

30. Replace all incandescent light bulbs with CFLs.

31. Flush your toilet only once a day. As they say “If it’s yellow let it mellow, if it’s brown flush it down.”

32. Register all your products, games, electronics, etc. They usually send you promotions for sales, or extended warranty.

33. Sign up for demos and free trails, they might give you a gift on the side, and you can send back the product without the gift. For any of these use a fake email address so they don’t spam your main account.

34. Register for memberships that ask for your birthday, they usually give you free stuff on your birthday, like bagels, coffee, popcorn, etc. Some restaurants let you eat free if you eat with a group of people, just need to show ID. Again always use a fake email address.

35. If you have a kid and need something to do bring them to McDonald’s and ask for the treat of the week. It’s usually cookies or a ruler. If you can, get yourself napkins and salt/pepper/vinegar/ketchup/mayonnaise packages while there.

36. Use the free Wifi at Starbucks and other restaurants if you don’t have internet at home.

37. Buy the generic “no name brand” alternative where possible, including medicine.

38. Keep all receipts for tax purposes, or for surveys that can win you prizes or a discount the next time you visit. Both Dunkin Doughnuts and McDonalds have surveys on most of their receipts which give you free food as a return.

39. If you have “dead” batteries, you can probably use them to power a clock for at least a week. Throw “dead” batteries in the freezer for a few hours, they might work for another hour or so.

40. Save power by setting computer to Power Saving mode instead of Balanced/High Performance, set screen to power off after 5 minutes or whatever, set hard drive to sleep after 5 minutes or whatever, turn down monitor brightness as much as you can. This probably won’t help much but depending on your setup could save you a couple of dollars a month and prolong your monitors life.

41. Borrow books from libraries or view them on Google Books (or download them somewhere), read books at your local bookstore and leave without buying it, and of course don’t buy bookmarks, use something like a receipt or something.

42. Shop at early morning or late at night to save time waiting in line or avoid crowds.

43. Hand wash your clothes and air-dry them. This will save you money and lower your electricity bill.

44. Never borrow money to buy something. If you want something save up to buy it first.

45. Never buy junk food. It is bad for health, has no nutritional value, and is often over priced especially if brand name.

46. Save as much as you can. And you can always save more. Go ahead right now and up your 401k contribution by another percentage point. You won’t even notice the difference in your paycheck but you will see the growth in your retirement account.

Six Money Saving Tips from Warren Buffett

Check out the graphic below with six of the best money saving tips from Warren Buffett.

6 Money Saving Tips from Warren Buffet
Image via Knowlarity

On earnings: “Never depend on single income. Make investment to create a second source.”

On spending: “If you buy things you do not need, soon you will have to sell things you need.”

On savings: “Do not save what is left after spending, but spend what is left after saving.”

On taking risks
: “Never test the depth of a river with both feet.”

On investment: “Do not put all your eggs in one basket.”

On expectation: “Honesty is a very expensive gift. Do not expect it from cheap people.”

Daily Financial Advice Mallard 2-25-2014

Daily Financial Advice Mallard 2-25-2014

When searching plane tickets online delete your cookies. Prices go up if you visit a site multiple times.

As we have discussed in other articles having a job as a cashier at a store is not glamorous and at times can be downright boring. One of the best ways we have found to pass the time and to possibly make more money is by being on the look out for old coins. Also check if it is ok with your manager first but often times they will just be happy to know their employee is actively looking at every coin while on the job and being good with money is definitely a skill they want to make sure your have as a cashier. Whenever you see a coin that is old or a bill that is old hold on to it might be worth more than “face value.”

Old quarters such as those made prior to 1965 are actually made of silver and as such have a value of the price of silver not the $.25 that the coin is really worth.

Daily Financial Advice Mallard 2-23-2014

Daily Financial Advice Mallard 2-23-2014

If you’re ever homeless spend your remaining money on a 24-hour gym membership. You’ll have a place to go at night, access to showers, and a locker to store all your belongings.

Of course no one ever wants to be homeless or be in that situation but having a gym to go to is a great way to stay in shape and stay clean cut while you look for a new job and get back on your feet. Gyms are clean places with showers, free water, sometimes snacks, and if you can find it even often open twenty four hours a day.