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

Is It Time? When to Replace Common Household Items

July 1, 2016 12:48 am


(Family Features)—A lot of household items have a shelf life—even ones you wouldn’t expect. Do you need to replace any of these in your home?

Mattress – Studies show mattresses more than eight years old can exacerbate allergy and asthma symptoms, as well as contribute to body aches and pains. Replace your mattress every eight years to ensure you’re getting a healthy night’s sleep.

Microwave – Microwaves last 10 to 12 years on average, but this lifespan varies based on use. Replace your microwave if the heating time starts to take longer than usual.

Pillows – Your pillow collects debris—just like your mattress—that can affect your sleep. Aim to replace pillows every two years.

Refrigerator – Is your fridge walking instead of running? If it is more than 15 years old, or no longer cools to below 40 degrees Fahrenheit, it may be time to replace it.

Smoke Detector – Hear a chirping sound from your smoke detector? That may be a sign that it’s time to replace the unit (not just the batteries).

Toaster – Toasters become temperamental as they age. Six to 8 years is the recommended maximum amount of time you should wait before replacing your toaster.

Vacuum – Is your vacuum losing suction power? Replacing the belt or filter will only extend its lifespan for so long. If your vacuum is older than eight years, it is time to replace it.

Washer/Dryer – Is it time to close the last spin cycle? Washers and dryers both have a lifespan of about 10 years old—any older and it may be time to buy new machines.

Source: Mattress Firm
 

Published with permission from RISMedia.


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The Only 3 Rules You Need to Build Savings

June 30, 2016 2:45 am

When it comes to putting money aside for a rainy day, discipline is the first word that springs to the lips of most financial advisors—and it does, indeed, take discipline.

Many people, however, need more specific guidance on what kind of discipline is needed to bulk up their savings. Financial editor Eric McWhinnie told the Wall Street Cheat Sheet there are three basic ways to make a disciplined approach work best:

1. Automatically Pay Yourself First – When too many people are lined up waiting for a piece of your paycheck, you’ll save money if you put yourself at the head of the line. Don’t plan to spend what’s left over at the end of the month. Instead, set up an automatic deposit plan to pull money (10 percent is recommended) from every paycheck and deposit it directly into savings. Adjust your spending to make the balance last until your next paycheck.

2. Track Your Spending – For at least one month, keep notes on every dollar you spend. It’s the best way to get a clear understanding about where your money is going day by day and how and where you can cut back. (Subscriptions? Lattes? Services or insurance deductibles?) Do quarterly check-ups to review how your savings account is growing and how you are doing at reducing your discretionary spending.

3. Take Advantage of 401(k) Plans – When available, 401(k)s are the most efficient way to save money because, for many participants, the employer is contributing matching funds. In effect, it is free money, so take maximum advantage of the benefit by contributing as much as possible.

Following these three rules has proven to grow savings—and it can work for you, too.

Published with permission from RISMedia.


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