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How to Not Burn Your Wallet While Owning a Cat

June 28, 2017 Tommie Elmore 0

When it comes to owning a pet, there comes a lot of expenses. These expenses can add up and eventually make you spend a lot more than what you want to because of how expensive it is to keep restocking on litter, food, equipment, and toys. This is one main reason some pet owners set their pets free, but that’s the last thing you want to do for a domestic cat, as it won’t have enough skills to survive on its own.

There are a variety of methods that you can use to save money while owning a cat and taking care of it without affecting your pet’s health. One way is to take away expenses that is unnecessary such as purchasing premium cat litter or expensive cat treats. As cats don’t need expensive litter or treats to stay healthy, these are some expenses that can be taken away or reduced.

Another method to reduce your expenses is to try and build your own cat toys or trees, as this is entirely possible with some tutorials online and with a bit of guidance from family and friends who have experience. As cat toys and trees are recommended for your cat’s moral, we don’t recommend that you don’t have them at all, but we recommend that you build or get your own without spending much on it. By getting a few pieces of wood blocks and rugs, you can build your own cat tree and with sticks and string, you can make your own cat toys as well to reduce your pet’s expenses.

Expenses shouldn’t be the thing in your mind when you are playing and taking care of your cat, as it will prevent you from loving your pet to the fullest. By using our recommendations above, you can remove some expenses that can be removed, so that they are a bit easier to pay off and you won’t have to worry about it as much.…

5 Tips to Help You Avoid Financial Scams

May 21, 2017 Tommie Elmore 0

You work hard all year to get to where you are and provide what you can for your family. But chances are you may come across fraudsters who will trick you into scamming you out of your hard-earned cash. To prevent this from happening to you, we’ve narrowed down some of the beset tips to avoid such situations.

 

Here are five tips to help you avoid financial scams.

Avoid Buying Products From An Infomercial on Television

Why you might be enticed by the items being sold for a limited-time-only; buying products off the TV can cost you a few risks. If you are unsatisfied with the product and want to return it, there will be some challenges in the process.

Donate to Established Charities

If you receive a call from a charity that is unknown or unheard of, be sure to check out the organization prior to donation. Be sure not to provide any information and look up recognized charities that have a strong reputation of putting their donations where it is needed to be.

Be Wary of Home Repair Scams

Make sure to beware of contractors who show up on your doorstep and recommend that your roof needs a repair. Before you consider hiring them, ask for a business card and investigate the company.

Be Cautious About Discussing Your Financial Situation

Whether you want to admit it or not – even the closest members of our family can become thieves. If you feel that someone’s intentions are wrong, talk about the situation with the family and even the police. Be cautious about confidential information where others can hear you.

Don’t Accept Checks That Are Unexpected

While it is always a fantasy to receive large sums of money, many scams have involved mailing a fake check. These forms of scams request the victim to send back a portion of the check amount. This has involved many arrests of those who didn’t expect it.

Do you have any experiences in dealing with financial scams? Comment below and tell us your story!…

5 Retirement Savings Mistakes You Must Avoid Now

May 21, 2017 Tommie Elmore 0

In order to achieve effective planning for your retirement, this also involves the use of good financial decisions as well as avoiding the mistakes that many citizens make. In this guide, we still help you prevent such mistakes.

Here are five retirement savings mistakes you must avoid now.

Failing to Plan Early

Most often, citizens wait too late to start saving for their retirement and end up coming in short. Investing in small amounts early on will make a huge difference in the long run. Due to the compounding of investment returns, even a small contribution to the IRA will make a difference.

Conservative Asset Allocation

Asset allocation is how your device your money across investments that includes bonds, stocks, and cash equivalents. You don’t want to be aggressive. However, being too cautious will not improve your benefits.

 

Underestimate How Long You Expect to Live

Life expectancy is unknown and when it comes to determining how much you need, you might often fall short. Be on the safe side and calculate your financial needs based on your age within the nineties.

Failing to Roll Over Savings When Changing Employers

Over 4% of people who change their employment often withdraw the money from their retirement plans and end up spending it. When you change jobs, make a request to have a direct rollover to another employer plan or IRA. This will prevent you from paying income tax as well as avoid any penalty. However, if you choose to have the distribution made directly to you, it is possible to make a roller within the first sixty days, free of tax.

 

Borrowing Your Retirement Plan

When you borrow from your 401k plan, you will be required to pay back the amount within five years or else the loan will be a noted as a premature distribution. This means you will be subjected to income tax and penalties for early withdrawal.

Hoy any tips on how to avoid these retirement saving mistakes? Comment below and tell us what you think!…

4 Tips First-Time Buyers Must Learn Before Purchasing A Home

May 21, 2017 Tommie Elmore 0

When it comes to buying a home, the process is much more complicated than it is led on to be. In this guide, we hope to make things easier to comprehend and smooth the process for those buying for the first time.

Here are four tips first time buyers must learn before purchasing a home.

 

Set Realistic Guidelines

The fastest way to decide on how much you can afford on your new home is to determine the size of the mortgage payment. Will the payment fit well into your monthly budget? According to financial experts, your monthly cost should not reach more than 30% of your monthly income. This includes your mortgage payment, interest payment, insurance and property taxes.

 

Don’t Forget About All the Extra Expenses

When evaluating the monthly mortgage plan, it is important to remember the extra expenses that you will pay each month. Utility bills will increase once you move into a larger space than you once had. You will also need to pay for the entire moving process.

 

Consider Your Credit Rating

When applying for a mortgage, the lender will check your financial statements to determine if you will qualify for the loan. If you have a large outstanding debt to pay off or poor credit in general, this will affect your chances of getting approval for a mortgage.

 

Take A Look at Tax Advantages

Buyers will be allowed to reduce the interest of up $1 million of debt. You can also deduct the taxes on real estate you will pay on your house. Just be sure to consider the timing of the purchase. Homes that are purchased late in the year will have no tax deductions as home buyers are better off with the standard deduction.

Got any tips for the first-time buyers? Comment below and share your tips with us!…