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Author Archives: Glasses or Contacts

Think Twice Before Taking a 100% Auto Loan

It may seem a great idea to take out a 100% to buy an auto. If your credit score persuades a lender that you can repay in full, then you get your new auto without having to spend any money until the repayments start. Just because lenders are happy, it does not necessarily mean such a loan is in your best interests. Remember that the recession was caused by the availability of easy credit with many people getting 100% loans on real estate that was expected to continue to increase in value. In the case of an auto, it goes the other way; it will never be worth more than your purchase price. There are several reasons why it might not make sense to borrow 100% and they are worth considering. Monthly Payment The monthly payments on a 100% loan will clearly be much higher than those if you put down 20 – 25%. If you are managing your financial affairs well, living with a budget that monitors your position at any one time, that monthly repayment needs to be entered in your expenditure column? Is it affordable from your point of view? Loan Term If you want to get ...

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Getting Your Vacation Home Ready For Market

Vacation rental homes are a popular investment option. They save us lots of trouble and money when it comes to planning a trip, and they are also typically profitable if you rent it out frequently when you aren’t using it. But circumstances change, and sometimes we want to make different plans for our travel. We may want to break up our trip with multiple destinations or take a cruise instead of staying on dry land. There could be health issues, work conflicts, or other things that make the property impractical, or we may just want to cash in on our investment. Whatever the reason, if you choose to sell your vacation home you can do a few things to increase its value before placing it on the market. These are proven steps that will bring in more money than they carry out, and they’ll help the property sell sooner as well. If your place will be hitting the market, think about these potential upgrades. Improved Safety There are few travel concerns more universal than safety. Travelers want to know that their belongings will be safe while they visit the sights during the day, and they want to know that intruders won’t ...

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When Senior Living Is The Best Option For A Spouse Or Parent

What should you do if you promised your spouse or parent many years ago that you would never place them in a nursing home or an assisted living community, but you’re finding it increasingly difficult to keep that promise? It can be almost impossible to come to terms with sending a spouse or parent suffering from severe dementia and/or Alzheimer’s to a care facility when you promised them that you would take care of them at home. Unfortunately, things may not be working out as envisioned. The loved one’s health is getting worse and you, the caretaker, are getting increasingly exhausted, unhinged, unwell, and confused with each passing day. Deciding to send your loved one to a care facility can be one of the toughest decisions to make, a decision that can be even harder to make if finances are already strained. In the end, the best thing for everyone, you and your loved one, is to enroll them in a senior living community like Landmark Senior Living which provides them with an affordable and compassionate solution of comprehensive hospitality and personal care service. 3 Reasons to Be More Flexible There are three things you have to keep in mind ...

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How to Make Room in Your Budget for Healthcare Costs

Healthcare costs have been a hot topic for the last several years. Part of the reason for that, of course, is due to the ever increasing costs which have risen sharply during the same period. Obama’s healthcare reform has appeared to make the situation at least as bad if not worse than it was before. But unfortunately, we Americans are in the same boat: Stuck with the problem of how to make room in your budget for healthcare costs. Re-examine Your Budget One thing you may have to do in order to enable you to cover healthcare costs is slash some line items in your budget. According a recent survey by Coupon Dash, some US families are giving up expenses that may be considered extras by some people. Meals out, gadgets, and vacations are just a few of the hard hit areas taking a cut in personal budgets so people can better afford to pay their healthcare costs. Some of these budget cuts may be justified. For instance, getting healthy or staying healthy may be more important than eating out a couple of times a week. Instead, it’s possible you may have to limit that activity to only once or ...

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3 Shocking Truths About Early Retirement All Millennials Should Know

A lot of millennials seem to take their work for granted, failing to save and prepare for an inevitable future beyond work. But, as Aristotle said, “Good habits formed at youth make all the difference.” By being prepared for retirement, you’ll be able to enjoy life when older. Early retirement is a privilege. It is a sign of life lived with careful consideration and planning. It is only when you have put aside a sizable nest egg that you can afford to stop work and enjoy your independence. The following truths about early retirement will shock you. Pension isn’t guaranteed Unlike the time of Generation X when the government pensions were a reliable certainty, it will be different in the future. With economic instability and financial devaluations, you will be forced to rely more on your own savings than your employer’s or the government’s. It is better to start making plans early so you won’t have to keep working when you are supposed to be resting. A percentage of your earnings should be kept in a separate account each month. Consider alternative investments such as stocks and bonds to diversify and multiply your income sources. Your health is at risk ...

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