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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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Holiday Shopping? 7 Bad Spending Habits to Avoid

December 7, 2015 1:42 am

Holiday shopping may be fun, but it can also negatively impact your finances if gone unchecked. Avoiding debt, says American Bankers Association (ABA) Foundation Executive Director Corey Carlisle, is the goal.

“The holiday season is an exciting and inspiring time of the year that promotes giving, but spending within your means is the best gift you can give yourself,” says Carlisle. “Managing a realistic budget and developing a shopping list that compliments it will help you start the New Year with a clean financial slate."

Below, says Carlisle, are seven bad spending habits to avoid:
 
• Forgetting to Plan Ahead – Before you start shopping, develop a realistic budget. Consider your income, subtract your normal monthly expenses and then add any savings to whatever cash is left over. If you need to use your credit card, think about what you can afford to pay back in January.  
 
• Losing Track of Other Costs – Don’t forget costs beyond gifts, like postage, gift wrap, decorations, greeting cards, food, travel and charitable contributions.
 
• Winging It – Make and list and check it twice. Keep your gift list limited to family and close friends, noting how much you want to spend on each. 

• Waiting until the Last Minute to Shop – Avoid shopping while rushed or under pressure, which can lead to overspending.  Make sure to comparison shop online first, or download an app that lets you compare prices before you buy anything in a store. Before you head to the cashier (or online checkout), make sure your purchase is within the budget you set.

• Shopping Impulsively – Finding a spectacular sale on something you’ve been wanting can easily throw you off course.  Stay strong and stick to your budget.  And don’t apply for store credit cards you don’t need just to get a one-time discount.

• Using Credit Recklessly – Limit the use of credit for holiday spending.  If you must use credit, use only one card—preferably the one with the lowest interest rate—and leave the rest at home.  Pick a date when you can pay off your holiday credit card bills, and commit to paying off the balance by that time.  Be sure to check statements for unauthorized charges and report them immediately.

• Throwing Away Your Receipts – Not only will you need them for possible returns, you’ll need them to keep track of what you’ve spent and to compare with your credit card statement.  Knowing how much you spent will help you plan for next year, too.

Source: ABA

Published with permission from RISMedia.


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Revamp Your Home with Double the Color in 2016

December 7, 2015 1:42 am

Planning to revamp your home next year? Draw color inspiration from “Serenity” and “Rose Quartz,” the colors selected by world-renowned color authority Pantone for 2016. When paired together, “Serenity,” a wispy, blue-gray, and “Rose Quartz,” a pale, coral pink, meld into a palette that embodies tranquility and inner peace.

“With the whole greater than its individual parts, joined together Serenity and Rose Quartz demonstrate an inherent balance between a warmer embracing rose tone and the cooler tranquil blue, reflecting connection and wellness as well as a soothing sense of order and peace,” says Leatrice Eiseman, executive director of the Pantone Color Institute. “This more unilateral approach to color is coinciding with societal movements toward gender equality and fluidity, the consumers’ increased comfort with using color as a form of expression which includes a generation that has less concern about being typecast or judged, and an open exchange of digital information that has opened our eyes to different approaches to color usage.”

In the home environment, these shades encourage relaxation, whether they are paired together or with other tones. An ideal choice for rugs and upholstery, “Serenity” and “Rose Quartz” also work well in paint and for decorative accessories. Coupling solid and patterned fabrics, throws, pillows and bedding in these colors provides a comforting respite and feeling of well-being in the home. Incorporating texture enhances the duality and kinship of these hues.

“Serenity”- and “Rose Quartz”-colored kitchen items and tableware, as well as home accessories like candles, decorative bowls, vases and florals, add subtle color accents while contributing to a welcoming and peaceful space. To complement these color choices, translucent, glazing, matte and metallic shine are key finishes.

Source: Pantone®

Published with permission from RISMedia.


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