Tag Archives: Money Monday

Money Monday: Vacant homes are costly

Listing your home for sale? Don’t move out beforehand!

Vacant homes tend to both sell for less money, and spend more time on the market.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Four Creative Ways To Teach Kids About Finance

personal finance

“When most parents think about teaching finance to their kids, they may imagine a structured, sit down lesson on budgeting – which sounds like torture to all involved. Not only will your child be bored to death, but they won’t retain this type of information because it doesn’t mean anything to them at this point. Whether it’s finance, science or history – kids learn best when they are engaged and having fun. Creative methods of teaching make the information more interesting and relevant to kids, leading to better focus and retention of information in the long term.” (Forbes. “Four Creative Ways To Teach Kids About Finance.”
https://www.forbes.com/sites/lizfrazierpeck/2019/06/10/four-creative-ways-to-teach-kids-about-finance/#3eefb28031a8)

Read more here: “Four Creative Ways To Teach Kids About Finance”.

Money Monday: Homebuyers save as interest rates decline

Last week, 53.5% of borrowers received rates under 4.25%

“Mortgage borrowers who shopped around last week could’ve saved $42,137 over the life of a $300,000 loan, according to LendingTree’s Mortgage Rate Competition Index.” (Housing Wire. https://www.housingwire.com/articles/49318-americas-homebuyers-are-saving-big-as-interest-rates-continue-to-decline)Read more.

Money Monday: Staged homes sell best and bring more money

Selling your home? Stage it first!

In this culture of picture-perfect everything, staging a home (and taking quality photos) is the best way to attract attention to your abode for sell.

Money Monday: Real estate sales and price report for April 2019

The latest report on the California real estate market from the CALIFORNIA ASSOCIATION OF REALTORS

According to CAR.org:

  • The average price for single family home sales was $396,760
  • In April, it took 3 – 4 months to sell a home
  • Sales remained stagnant in April 2019
  • Interest rates delined
  • The state median price reached an all-time high; however the price growth has slowed

More information on CAR.org.

piggy bank saving

Money Monday: Help your kids gain financial knowledge

piggy bank saving
photo from 401kcalculator.org

Are you doing enough to help your kids learn about finances?

“When it comes to dealing with financial decisions, many parents wonder whether they’ve done enough to prepare their children to make wise choices, avoid debt problems and be able to become financially independent.” (Forbes. “Give Your Graduates the Gift of Financial Know-How”. Forbes.com)

View Forbes suggestions and recommended resources on their article here.

Money Monday: Personal financial steps for parents

With all of the excitement of adding a new baby to the family, it’s easy for the parents to overlook some key financial steps to take. In honor of Mother’s Day, here are seven tips you might want to share with them or consider for yourself (all from Forbes’s article):

1) Add your child to your health insurance policy
2) Update your will, trust, and beneficiary designations
3) Ensure you have adequate life insurance
4) Plan for childcare expenses

More tips from Forbes: “7 Important Financial Steps For New Parents To Take.”

Money Monday: File a tax extension for these reasons

There are a number of reasons to file a tax extension. Does your circumstance fit the bill?

Image from 401kcalculator.org

The deadline for filing your 2018 tax return is April 15, 2019. If you’re not ready, you can apply for an extension to delay filing until October 15 at the latest. But make sure you’re not just procrastinating, and instead have a valid reason for filing an extension, from Forbes’ article:

  • Forms coming from business, real estate investments, etc that bring in income.
  • You’re just now thinking of hiring an accountant…now is when accountants have too many clients and are too rushed.
  • You don’t have time to get your paperwork in order.
  • Forbes has more reasons for filing an extension here: “Not Ready To File Your 2018 Taxes; Get A Six Month Extension”.