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

Must-Read Financial Tips for First-Time Parents

November 21, 2016 2:03 am

So a babe is on the way? Congrats! Along with the chaos of, well, everything that is to come, your finances are soon to get an upheaval as well. According to the U.S. Department of Agriculture, it will cost upwards of $245,000 to raise a child born in 2013 to the age of 18 – and this does not include college. Feeling that bank account burn already? Below are 5 tips for rocking your budget as a new mom or dad.

1. Tweak the budget. Your new little one is going to cost a pretty penny. From hospital costs to diapers and child care, budgetary stress is an added strain on you as a new mom or dad. Look for any un-necessaries you can slash to make room for more baby dollars. The more prepared you are, the better.

2. Track your spending. Don't just make that budget and set it aside. Set a monthly meeting with your spouse to look over your spending, make sure you're on track, and identify any problem areas or potential saving pockets.

3. Learn your tax credits. I bet you didn't see this one coming. Being a parent has some advantages at tax time, so talk to your tax professional about the child tax credit, the earned-income tax credit (EITC), and the child and dependent-care credit, all of which can save you mad money come tax tie.

4. Automate, automate, automate. Not only can automation help you avoid bouncing bills, but by having money withdrawn from your account, you can pad up your savings, too. Figure out how much you can part with every month and automatically squirrel it away into an emergency savings account, a college savings account, or both.

5. Set financial goals. While creating a budget and savings plan is great, setting goals for your family can help you stay on track. Looking to have a set amount in a college account by the time your kid hits 18? Do the math and decide how much you need to save monthly to hit it. Is an annual family vacation a must for connecting? Figure out how to stash some cash for that, and then make it happen. Don't forget to be realistic (a tour of Europe with a two-year-old wouldn't be that fun, anyway), and forgive yourself if it takes some time to get on track.

Published with permission from RISMedia.


Keeping Kids Active in Cooler Temperatures

November 18, 2016 1:57 am

(Family Features)--As the weather gets colder, it can be harder to motivate kids to step away from their computers and devices and get off the couch. However, it’s essential for kids to participate in active play all year round. According to research from the Centers for Disease Control and Prevention, regular physical activity helps build and maintain healthy bones and muscles, promotes psychological well-being and reduces feelings of depression and anxiety.

Sadly, physical activity is becoming less of a priority in kids’ daily routines. A recent survey conducted by Let’s Play, an initiative from Dr Pepper Snapple Group to make active play a daily priority, found that 64 percent of parents said busy schedules stand in the way of more active play for their children, up from 56 percent in 2015.

Each season brings its own opportunities for play, and fall is no exception. Families can beat the cold weather blues and stay active together by trying some of the following activities:

Plan a nature walk to find inspiration and materials for art. Even though it’s chilly outside, your family can still get out and enjoy the outdoors. Bundle up and take a nature hike with your kids around the neighborhood or at a local, national or state park. Encourage your kids to collect items like pinecones, acorns and leaves as you go and to be on the lookout for wildlife to observe. After the hike, take out art and craft supplies and help them create projects with the items they found.

Plan an indoor scavenger hunt. When a really cold day comes along, send your kids on a fun and active scavenger hunt around the house, searching for items that you can hide in advance. Work together as a family to locate the items or create some friendly family competition to see who can find all the items first. Having the family move around the house with a mission prevents the temptation of staying on the couch in front of the television all day.

Join a class or indoor sports team. Whether you are playing a favorite sport or learning a new one, it is always more fun with other people. Longer stretches of active play are often more likely to occur with friends or siblings. Sign your children up for an indoor sport or class they have never tried before, such as gymnastics, rock climbing, swimming or dance. This allows your children to learn something new, meet kids their age and be active for an extended period of time.

Volunteer. While giving back is always in season, this time of year is a perfect opportunity to teach kids about giving back to those in need and being grateful for what they have. Sign the whole family up to volunteer at a local soup kitchen, participate in a toy drive for a children’s hospital or help out at an animal rescue shelter. Your children will not only be active, but will also grow emotionally, socially and intellectually as a result.


Published with permission from RISMedia.