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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

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5 Money-Saving Tips for Cost-Burdened Renters

August 17, 2016 2:12 am


Renters burdened with rocketing monthly housing costs are limited in their ability to save for emergencies, a down payment on a home, and retirement. It is possible, however, to control costs, even in the current rental market, says Steve Trumble, president and CEO of the national non-profit American Consumer Credit Counseling (ACCC).

“As the cost of rent continues to increase, it’s becoming more difficult for many individuals and families to afford housing and other basic necessities,” said Trumble in a statement. “The good news is that there are tips and considerations that can help renters better manage rent-related costs and ease this major financial burden.”

These tips are to:

Set a rent budget—and stick to it. Keep to a realistic and reasonable rent budget, even if it means compromising with fewer amenities or a less-than-ideal location. Take time to tour a variety of rental listings before signing a lease.

Consider adding a roommate. If the lease and space allow, consider getting a roommate to offset the rent burden. Those savings can be allocated toward student loan debt or a down payment fund.

Cut back on spending. Rent is a fixed cost, but other expenses are not. Cut back on spending in areas like activities, clothing and entertainment, and use coupons as often as possible.

Look for ways to trim costs, too. A lot of renters are burdened by energy costs. Trim the expense by turning off air conditioning and lights in unused rooms, and turning off the faucet while brushing teeth.

Make a move. Rents are often less in areas outside of a city. Consider making a move to an outlying town—if it has access to public transportation, all the better. Call upon the assistance of a real estate professional to make the transition from renter to homeowner as smooth as possible.

Source: American Consumer Credit Counseling (ACCC)
 

Published with permission from RISMedia.


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EPA Rule Addresses Formaldehyde in Household Wood Products

August 16, 2016 12:12 am


The U.S. Environmental Protection Agency (EPA) recently finalized a rule that extends protections over formaldehyde-laced wood products, such as cabinets, furniture and flooring. Exposure to formaldehyde, which is often used as an adhesive in household wood products, can be harmful to health.

The rule, established as directed by the Formaldehyde Emission Standards for Composite Wood Products Act of 2010, mandates that composite wood products manufactured, imported, sold and/or supplied in the U.S. be labeled TSCA Title VI compliant. The rule applies to products such as hardwood plywood, medium-density fiberboard and particleboard.

The EPA cooperated with the California Air Resources Board to ensure the rule remained consistent with California requirements for composite wood products.

“We are carrying out important measures laid out by Congress to protect the public from harmful exposure of this widely-used chemical found in homes and workplaces,” said Jim Jones, the EPA’s assistant administrator for the Office of Chemical Safety and Pollution Prevention, in a statement on the rule. “We have worked with the state of California as a partner to help ensure consistency in our requirements. The new rule will level the playing field for domestic manufacturers who have a high rate of compliance with the California standard and will ensure that imported products not subject to California’s requirements will meet the new standard and, thus, not contain dangerous formaldehyde vapors.”

The rule exempts products made with no-added or ultra-low formaldehyde.

For more on formaldehyde in the home, visit www.epa.gov/formaledhyde.

Source: U.S. Environmental Protection Agency (EPA)
 

Published with permission from RISMedia.


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