Piggy Bank: 4 Things to Discuss Stephanie at Six Figures Under shared what I think is the greatest illustration about our thinking behind financial training; “If you were totally new to knitting, but wanted to learn how to make the cute washcloths your friend was always making, would you want her to give you a general overview and not bother you with specifics or would you want her to sit down with you and show you her secrets step-by-step?”. Genius, am I right? For so many of us, we use general terms and overviews without getting into the nitty gritty of finances. But the more knowledge and experience we can give our kids the more successful they are likely to be, this is especially true when it comes to their financial future.
Flooded Basement? Our corporate office, located in Frankfort, KY, has seen one of the wettest February’s on record. According to US Climate Data, the average precipitation is 3.07 inches for February but we have seen almost 10.5 inches of rain this past month, beating out the record of 9.84 inches established in 1884. Many near the Ohio River and other waterways are dealing with major flooding but for residents across the area, many are dealing with water in their basement.
How to Keep Your Home from Selling When it comes to selling your house, one of the keys to making it happen is hiring the right listing agent. The agent that will work hard for you, keep you in the loop and advise you in the correct steps to take. But did you know that you can be working against your agent? Here are some things that, according to an article on Realtor.com, you could be doing that would keep your home from selling.
Home Maintenance Checklist: March Man! We are busy, as a society! I often feel like I don’t have time to take a breath and then I look at friends of mine and think, “seriously, where do they find the time to____?”. More often than not, the blank in that question is filled in with some sort of deep cleaning or home maintenance activity. But let’s be honest with one another, to be a good homeowner and to save us money and headaches in the future we should be performing preventative maintenance on our homes. When I used to work in hotels, we made sure that all of the guestrooms received preventative maintenance on a consistent basis to catch maintenance issues before they happened. If hotels do that for the complete strangers that stay with them, shouldn’t we for our families?
Simple to Stunning: Bonus Room Not too long ago we highlighted a pajama lounge in our simple to stunning section of the blog and as cozy as it sounds, dedicating a whole room in a family home for feeling cozy outside your bedroom or other living area can feel unpractical for many. John and Sherry on the Young House Love blog show off their use of their bonus room. Their bonus room, “crammed in a decent amount of fun, function, and a big ol’ spot to sit down and never get back up again. The couch in here is truly a vortex that’s impossible to resist.”
Manufactured Homes Can’t seem to find a house to buy? You aren’t alone in this, the inventory is at a 20-year low, according to USA Today. Plus, in our area, homes priced between $120k and $200k seem to be flying off the market. For many families this creates a bit of a pickle because of the inventory they can’t find an existing home to buy but don’t have the amount of money required to build a traditional home. The solution may be found in manufactured and modular homes.
Buying with Student Loan Debt We have spent the last few weeks talking about the consequences of student debt on our children’s futures. But if you are in a situation like mine where the decision was already made and you have accumulated a considerable amount of student debt, you are left wondering how that might limit your future. One might wonder, “could I buy a house someday despite my debt?” In fact, an article on Bankrate quotes the managing director of survey research and communications for NAR (National Association of Realtors), Jessica Lautz, “of those who don’t own a home, 83 percent of those say that student loan debt is holding them back from purchasing a home.”
Clean Out the Dryer Last week we discussed how to clean your front-loading washing machine to make sure our clothes are as fresh as possible! I couldn’t help but feel that our task was half done; after all, the other half to the washer is the dryer. While cleaning out the dryer won’t help make your clothes any fresher it will assist in keeping it in tip-top shape, running efficiently and more importantly, won’t cause your home to burn down… it’s a win win! And to do this only takes a few minutes!
Wash Your Washing Machine We invested in a front-loading washing machine about a year ago and while I love it, I really do love it, I’ve noticed an odd smell over the last month or so. Luckily my clothes still smell fresh but I do use dryer sheets and those scent boosting beads so who knows what they’d smell like if I didn’t… eww. I didn’t consider the need to wash a washing machine—after all, every time I use it, water and soap get all sloshed around in there. But as it turns out, these front-loaders tend to harbor mold and other unpleasant smells, according to an article on Popsugar. They go on to recommend cleaning the washing machine once a month.
The Piggy Bank: Haunting Debt Do you know what the two largest consumer debt amounts are comprised of? If you have been paying attention to these Piggy Bank blog posts over the last couple weeks you can likely guess one of them. Americans owe more than $1.3 trillion in outstanding student loans, according to Consumer Reports. They go onto tell us that, it’s “the second largest consumer debt, surpassed only by mortgages”. While a college education can cost as much as a mortgage they vary in ability to manage.