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

Giving Junior an Allowance? Tips to Consider

May 24, 2016 1:36 am

They work hard for their money!

Most children receive an allowance from their parents—and to earn it, they’re spending an average of six hours each week doing chores, according to a recently released survey by the American Institute of CPAs (AICPA). The going rate? $4.43 an hour, on average.

“Providing children with a regular allowance gives parents a perfect opportunity to have a discussion about the basics of saving, spending and budgeting,” says Gregory Anton, chair of the AICPA’s National CPA Financial Literacy Commission. “Parents should talk to their children about financial responsibility and the value of money on a regular basis—this should not be a one-time conversation. Instilling basic financial literacy in children when they are young will better prepare them for the financial decisions they make as young adults and serve them throughout their lives.

“One of the ways that parents can use allowance as a teaching tool is to encourage their children to save 10 percent on a weekly basis and match the savings if they do,” Anton adds. “This simple, effective tool will better prepare them to contribute to a 401(k) account and take advantage of any matching offered by their employer.”

Anton and the AICPA also advise opening an interest-bearing savings account for your child (or if he or she is older, an IRA), and allowing your child to independently set long-term savings goals.

Source: AICPA

Published with permission from RISMedia.


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6 Sought-After Bath Updates

May 24, 2016 1:36 am

Next to a newly-updated kitchen, a renovated bathroom is a top priority for today’s homebuyers—and homeowners.

Get in on these seven sought-after features:

Beadboard or Deep Tile – A deep tile or beadboard backsplash, sometimes known as “bathroom wainscot,” lends a sense of elegance to any style bath. These practical backsplashes are easy-to-clean, too!

Double Sinks – If you’ve ever had to jockey for position, you know how useful double sinks can be—especially in the master bath.

Extras – Go for gadgetry like built-in audio systems or shower seating, or heated floors and towel bars. Kohler’s DTV shower, which relays water pressure and temperature controls on an LCD screen, is a favorite.

Oversized – When it comes to bathing, bigger seems to be better. Large walk-in showers, oversized bathtubs and rain shower heads are some of the most popular features.

No-Fuss Toilet –Classic toilet models are much more often preferred to today’s high-tech alternatives—but steer clear of European models!

White – A white (or neutral) color palette reads “clean,” which is essential in bathrooms. White or neutral walls, tile and cabinetry are also an ideal backdrop for other, personalized items, like accents and linens.

Published with permission from RISMedia.


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