RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

5 Financial Resolutions for the New Year

January 2, 2017 2:30 am

When it comes to making resolutions, many Americans hope to stash away more cash. Below are several easy financial resolutions you can make to bolster your bank account.

Open a separate savings account to force yourself to build an emergency savings fund. Make it separate from your main financial institution, with no ATM card, so you will be forced to go into a branch to withdraw money.

Educate yourself. Check out some books on personal finance or subscribe to a magazine or personal finance blog.  

Pull your credit score and report. A good way to start the year is to find out exactly where you stand financially. Download your credit report (one free each year from each of the three main reporting bureaus) at www.annualcreditreport.com.

Plan ahead. Get in the habit each night of preparing for the next day: Packing lunches, prepping breakfast and dinner.  That way you will not be tempted to buy convenience food on the run, because you are rushed.

Unsubscribe. Remove the temptation of impulse buying online by unsubscribing from retail email.  This can take some time, but, ultimately, you will save time and money by not being bombarded with emails "deals", tempting you to buy.

Source: www.greenpath.org

Published with permission from RISMedia.


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Shopping for a New Car? Game on!

December 29, 2016 2:24 am

Dreaming of a shiny new car in your driveway? Then come back down to earth and create a solid game plan. While the prospect of a new set of wheels is very exciting, it’s critical to slow down and make wise decisions—after all, a car is a big investment. Here are some tips for becoming a savvy car consumer:

1. Get your loan first, advises Consumer Reports. Even before you know what type of car you’re going to buy, do some loan comparison shopping online and find out what sort of interest rates you’re looking at—a difference of only two percentage points can add up to more than $1,000 over the life of the loan. Focus on the annual percentage rate (APR) and go for the shortest timeframe possible—you will end up paying much less for your car over four years as opposed to five.

2. Do upfront research online. According to financial expert Clark Howard, start with the annual April auto issue of Consumer Reports, which features their list of recommended cars to buy. Once you’ve decided on the cars you’re considering, search online for the dealer cost of the vehicle with the options you want. Then, says Howard, get some online price quotes and contact dealers to see if they’ll match the quote.

3. Know your “shopping style” and stick to it, says Kelley Blue Book. Many car buyers get swept away in the moment—or by an effective salesperson—and end up buying a car they didn’t have in mind. So have a clear understanding of what matters most to you in new car - such as value, image or safety - and don’t be talked out of it.

3. Time to choose: new, used or lease? There are several options available when it comes to buying a car, and thanks to the popularity of leasing, you can add certified pre-owned (CPO) to the list. According to BankRate, a CPO may offer the best of all worlds—they’re cheaper than brand-new cars, usually have some warranty left and must meet certain criteria to ensure their condition. Know the pros and cons of each option and decide what will work best for you in advance.

4. Don’t skimp on the test drive. Forget the quick spin around the block—ask the dealership if you can take the car for a few hours or maybe even for the weekend. You want to make sure you’re experiencing the car in a variety of ways (i.e., highway and street) and  in several conditions (i.e, rain, snow, nighttime). BankRate also suggest that you spend some time in the car while it’s in park—play with the seat adjustments and other controls, and survey the backseat and trunk space.

Following the above steps will help stave off buyer’s remorse and keep you happily rolling along in your new ride for years to come.

Published with permission from RISMedia.


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