Tag Archives: Money Monday

Money Monday: Financial advice per age

personal finance

“There are certain times in your life that are prime for specific money moves, times when making the right choice will set your future self up for success…” (Forbes. “The Best Financial Advice at Every Age”.
https://www.forbes.com/sites/arielleoshea/2019/03/15/the-best-financial-advice-at-every-age/?ss=personalfinance#306f80112a43 )

Forbes has several great suggestions on what financial steps you should be making at whatever age you might be: “The Best Financial Advice at Every Age.”

Money Monday: Tax changes for 2019

April is right around the corner. And with it, tax day. Here’s a heads up on the tax changes for 2019.

Image from 401kcalculator.org

“Even though the tax reform bill—formally known as the “Tax Cuts and Jobs Act”—was introduced a full year ago, it didn’t apply to the taxes you filed last year… Now that tax season is officially here, it’s time to figure out what all those new tax updates mean for you. ” (Dave Ramsey. “Your 2019 Taxes: What You Need to Know About the Tax Reform Bill.” https://www.daveramsey.com/blog/tax-reform-bill)

And here’s what Dave Ramsey has to say about 2019 tax changes.

Money Monday: Easy ways to save money

When looking to save more money, look for ways to spend less that don’t require much effort.

save money
Photo by 401kcalculator.org

Saving will be much more attractive if it doesn’t affect your entire daily life.

Here’s several different ways from Forbes to save on your bills, that won’t affect your whole life: “7 Ways To Save Thousands On Your Monthly Expenses.”

Money Monday: February mortgage rates

Fixed mortgage rates sank to a 10-month low this month.

Photo by 401kcalculator.org

“According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.41 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.46 percent a week ago and 4.32 percent a year ago. The 30-year fixed rate hasn’t been this low since early April.”

“The 15-year fixed-rate average fell to 3.84 percent with an average 0.4 point. It was 3.89 percent a week ago and 3.77 percent a year ago. The five-year adjustable-rate average drifted down to 3.91 percent with an average 0.3 point. It was 3.96 percent a week ago and 3.57 percent a year ago.” (Washingtonpost.com. “Mortgage rates tumble to 10-month low.” 7 February 2019.)

Read the rest of Washington Post’s article here.

Money Monday: Check your improvement ROI

Before you do any home improvement projects, check out the return of investment — regardless of whether you’re planning on selling or just want to enjoy it for the moment!

Infographic from CAR.org.

Money Monday: DIY remodeling

In an effort to save money, some homeowners take on DIY projects, instead of hiring a professional.

But is it worth it?

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Financially prepare for retirement by downsizing

“It makes financial sense to downsize your home as you prepare for retirement.”

retirement

“The move to a smaller home is a lifestyle and financial change all parents should weigh after their offspring are off on their own, personal finance pros say.

“One of the first things freshly minted empty nesters should do is “revisit their housing situation,” says Dana Anspach, founder and CEO of Sensible Money, an investment advisory firm in Scottsdale, Arizona.” (Yahoo Finance. https://finance.yahoo.com/news/makes-financial-sense-downsize-home-110102643.html)

Read more at Yahoo here: “It makes financial sense to downsize your home as you prepare for retirement. Here’s why.”

Money Monday: 5 different ways to save money

You might not have thought about these ways of saving substantial amounts of money. Here’s Forbes’ 5 suggestions:

save money
Photo by 401kcalculator.org
  • Don’t be penny-wise, pound-foolish. As in, don’t just scrimp and save and avoid those daily cups of Starbucks — and splurge a large chunk of your income on a larger, more-expensive apartment than you really need.
  • Donate your plasma for money.
  • Become a referee of your favorite sport.
  • Use sites and apps that help you save or earn back money.
  • Save money on necessary items (Forbes listed contacts, but you can save money on all different necessary items).

Read more: “5 Ways You Haven’t Considered To Save Or Make Money.