Mortgage makes for one of the biggest financial decisions one can ever make. Applying for mortgage cannot really be equated with buying a car or buying expensive commodities for your home. A home makes for one of the biggest assets that one invests in his lifetime. And, buying a home is almost synonymous with taking a loan – since most of us don’t have the ready cash to buy homes. Finding the right mortgage is not only about getting the best rates. If you’re only looking for the best mortgage rates in the market then you will end up being disappointed. It is also about finding the right partner who can guide you through this complex transaction. Please remember that your lender is not the one who provides you the loan and charges rate of interest on it. A lending institution can also be regarded as a constant guide suggesting you regarding the loan schemes that will suit you. Given below is a list of few factors that you should consider before taking a mortgage.
Fixed or Variable Rates of Interest
Among the many advantages presented to individuals who pursue business related courses and careers is the ability to earn a high salary. And though all business careers are considered good enough, if looking for one that pays really well, it’s time that you started looking at these three; entrepreneurship, marketing and finance.
Most Americans don’t realize that, even when they aren’t using one of their many electronic appliances and devices, those same appliances can still be using up quite a bit of energy. The end result is that every year all of those appliances are costing them hundreds of dollars.
Approximately $895 is what the average American household spends every year on electricity in New Mexico, where it’s the cheapest, and that goes up to $2438 a year where it’s the most expensive, in Hawaii.
What exactly is long-term care? Basically, long-term care is any type of health service or support that a person needs in order to take care of their personal daily necessities. It covers a wide range of not just medical also social services that a person, especially if they’re older, might and probably will need.
If you’re nearing retirement age and worried about the cost of long-term care, the most important thing that you can do is start preparing now and planning early.
It might be hard for some people to believe but there was a time in American history when the bottom 90% of Americans were growing their wealth faster than the top 10%.
This incredible period of time in American history is fondly referred to as… the 20th century.
The following is a post from my mom, it’s her 2nd post on this site, and there are a couple more coming over the next two weeks.
If you have solid car, health, and homeowners/renters coverage, you can probably decline the extra protection and save a fair amount of cash. But if you’re less than optimally insured, you may want to add rental car insurance.
KNOW YOUR CURRENT COVERAGES
Going to college is not just about the grades one received while in high school. It’s also about the financial needs that a student will need to cater for. Since not everyone can afford college fees, it is advisable to look for college scholarships. Some have a challenging qualification process while others are simple and straight forward. The following is a little advice on how to find easy scholarships to apply for.
When you stockpile effectively, you never have to worry about running out of a common item and needing to pay whatever outrageous price your local store happens to be charging for it that day. If you walked into my house today, you would find 10 tubes of toothpaste under the bathroom sink and 15 jars of peanut butter in my pantry. This isn’t because I’m crazy (although my family might beg to differ)—it’s because I only buy these items when they’re at their absolute lowest price, and I buy them with coupons. I’m never going to have to go out and pay $3.50 for a jar of peanut butter or $3 for a tube of toothpaste. Instead, I stocked up when they were nearly free and bought enough to last us until they hit their lowest price again. When we run out of something, we just go into the cabinet and grab a new one instead of running out to the store to replace it.
Just as important, if there are no good sales at the store this week, I might skip buying anything but perishables. This is because I stocked up on everything else at its best price, so I don’t actually need to shop. This lets me shop much more strategically. I can easily cook a week’s worth of meals (or more) out of my stockpile, and no one would notice the difference. Stockpiling saves you time and gives you many more meal options each week, even if there aren’t any good deals at your local stores. It also cuts down on those midweek trips to the store, where many of us are likely to pick up impulse items.
Regular grocery shoppers will notice that prices at their local stores seem to fluctuate almost randomly. Many will look into extreme couponing sites for good deals. A box of cereal that’s on super saver special for 99 cents one week might go up to $3.95 the next, then drop to $2.50, then pop back up to $3.15, then back down to $1.99. What you want to do is ensure that you never, ever have to purchase that box of cereal at that full $3.95 price. You want to buy it as often as possible at the 99-cent sale price—and you want to use a coupon when you do.
This requires a bit of planning, and being a bit of a cheapskate, and the secret here is that grocery store pricing tends to run on 12-week cycles. That is, almost every item in the store will hit its lowest price about once every three months or so and then will bounce around for the rest of the cycle. (Sometimes it’s a 10-week or a 14-week cycle, and sometimes there are seasonal variations, but most items follow these fairly regular price cycles.)
Single consumers have plenty of challenges when it comes to personal finances, no doubt. For couples however, whether pre-or post-marriage, the consequences of making bad financial decisions can be a lot more expensive and damaging in the long run.
Below are 3 of the common financial mistakes that couples make and advice on how to avoid them. Enjoy.