Tag Archives: personal finance

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: Understand credit score’s impact before buying a home

If you’re thinking of buying in the next few years, it pays to start thinking about — and building up — your credit score now.

mortgage rates and property taxes

Because having a mortgage is, for many people, the largest loan they attain. Read all of Forbes’ advice here: “Ready To Buy A Home? Understand The Impact Of Your Credit Score First.”

Money Monday: Benefits of homeownership

Fellow Americans were polled on what they considered the most important benefit of homeownership.

At the biggest percentage, 43% felt that individual stability and security was the most important benefit of owning a home.

Read the infographic below to see what other ranked as the best reason to own a home:

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: 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.”