First-time homebuyers are sometimes caught off guard by overlooked expenses, which can create an uncomfortable financial pinch. Be sure you consider these one-time and ongoing expenses.
Ever notice how your monthly expenses always seem to equal whatever salary you’re making, even after you get raises? The phenomenon is called “lifestyle creep” and it can keep you from reaching all kinds of financial goals, from paying down debt, to saving for retirement.
We can’t cite a specific study, but Life 101 teaches us this basic statistic: All kids enjoy having money.
There’s always a new toy to play with, or that hot movie to see or a cool new phone app to download.
Where does that money come from? Unless they are old enough to hold a paying job or lucky enough to have access to an unlimited trust fund, they make those cash withdrawals from the bank of Mom and Dad.
You could be in the position to splurge on a sexy, sporty sedan to celebrate your divorce. On the flip side, the loss of your spouse’s income contribution to the household could be greater than your drop in expenses.
Either way, a post-divorce budget will let you know where you stand with your finances, help you avoid getting whacked with surprise expenditures, and keep you on a steady course of financial stability.
Our pets provide emotional support, physical protection and endless entertainment. It’s no wonder that so many animal lovers consider their pets priceless.
Sixty-eight percent of US households own a pet, according to a 2017-2018 National Pet Owners Survey released by the American Pet Product Association. Dog ownership tops the list at 48 percent, with cat ownership at 38 percent. Both statistics are up a few percentage points from the last survey, conducted in 2014.
You may feel emotionally ready to move out on your own, but are you financially prepared? Living independently means much more than not having to be home by curfew; it comes with a great deal of financial responsibilities. Before you take the leap, know how much the big move will cost you, now and in the future.
If you’re not a fan of the word budget, you’re not alone. For some, it conjures up a life of limits and deprivation. You work hard to make a living, and you deserve to treat yourself once in a while, right?
Saving water means saving money around your home. However, you might not be quite ready to put a brick in your toilet tank or reduce your shower flow to a trickle. Have no fear; you can still take steps to seriously reduce your water bill each month.
Having a car provides many conveniences. You do not have to worry about lugging groceries on the bus or waiting 45 minutes for the train. However, for those experiencing financial problems, having to pay a car loan can make owning a car seem more like a burden than a convenience. If you are behind with payments, or worried you will be soon, assessing your financial situation and actively pursuing your options can help you make the best of a difficult situation.
The holidays can be an energy guzzler. The Christmas lights are hung and turned on 24/7. The oven is busy baking gingerbread cookies, yams, turkey, etc. The whole family is at home and turns on all of the lights...and the television...and the computer. Between driving to stores to buy gifts and attend holiday dinners and parties, the car gets double its normal use.