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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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Don't Let These Financial Blunders Leave Your Wallet Empty

November 26, 2015 1:18 am

To err is human, but when mistakes affect your pocketbook, it’s not exactly divine.

Don’t feel alone if you’ve committed a financial blunder, though. Two-thirds of Americans have made a significant money mistake somewhere along the way, says Jim Chilton, founder and chief executive officer of the non-profit Society for Financial Awareness (www.sofausa.org).

“One thing I always tell people is that you can’t let your emotions get in the way when you are trying to meet your financial goals,” Chilton says. “When it comes to finances, there is always going to be at least a little uncertainty.”

He says people can go a long way toward financial stability if they avoid these common blunders:

•  Living without a ‘net.’ Bad things happen in life, even to the best people who are trying to do the right things. That’s why you need to set aside savings that will serve as an emergency fund in case you suddenly have major medical problems or lose your job, Chilton says. He recommends a six to 12-month cushion that would cover your mortgage, groceries, utilities and the other necessities of day-to-day living.

•  Failing to check credit reports. More than 70 percent of credit reports contain some sort of error, Chilton says. Meanwhile, identity theft is on the rise. You should check your credit reports annually to make sure you are not a victim.

•  Giving little thought to retirement. Many people fail to properly prepare for retirement. If you think Social Security will take care of you, think again. Social Security is designed as supplemental income, not something that can replace your entire paycheck, Chilton says. You need to plan and save to make sure you can lead the lifestyle you want in your later years.

•  Racking up credit card debt. Credit seems to rule, but cash should be your real king, Chilton says. Americans are carrying more than $800 billion in credit card debt, he says. Making a conscious effort to use cash will help wean you off your reliance on plastic. “If you are struggling with credit card debt, you need to start making a plan to get rid of that debt,” he says.

•  Seeking advice in the wrong places. Uncle Felix may mean well, but he’s not necessarily the ideal person to offer you advice on the stock market. A trained professional is your best bet, Chilton says. Sure, word of mouth can be helpful, but it can be equally hurtful. Before you pick someone to help you with investments, do your homework because you want someone with a good reputation, Chilton says. Check with the Better Business Bureau and do a Google search to see what else you can learn.

•  Trying to do too much, too quickly. Financial problems that took years to create aren’t going to be fixed overnight, Chilton says. So ease into your new financial plan. Instead of a dramatic overhaul that could leave you frustrated, try to make small changes that will lead to larger commitments.

“Even as we get older and presumably know more, we are still bound to make a misstep here or there,” Chilton says. “We simply can’t know it all, especially when it comes to our finances. But if we realize our limitations, we can at least learn to make fewer mistakes and do a better job of setting and meeting the goals we have for our money.”

Published with permission from RISMedia.


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6 Plumbing Tips for Turkey Day

November 26, 2015 1:18 am

The day after Thanksgiving is the single busiest of the year for many plumbers. Big holiday meal preparation and cleanup can lead to a lot of unwanted waste in the kitchen drain and garbage disposal. Also, holiday house guests who require additional clothes washing, showers and toilet flushes put a strain on household plumbing.

"Often, the case is that a house already has partially clogged drains that go unnoticed, until holiday guests arrive and overwhelm the system," said Paul Abrams, Roto-Rooter representative. Hectic houses full of people and frantic hosts quickly and easily lead to plumbing problems throughout the holiday season. "Even more problematic is that virtually every traditional Thanksgiving dish is a supreme drain clog culprit," Abrams continued.

Thanksgiving hosts can avoid a visit from their plumber over the holiday weekend by following these clog-preventing tips:

• Never pour fats or cooking oils down drains. They solidify in pipes. Instead, wipe grease from pots with paper towels and throw in trash.

• Avoid putting stringy, fibrous or starchy waste in the garbage disposal. Poultry skins, celery, fruit & potato peels, for example, cannot be sufficiently broken down.

• Make sure the disposal is running when you put food into it. Don't wait until it's full to turn it on.

• For homes hosting weekend guests, it's a good idea to wait ten minutes between showers so slow drains have time to do their job.

• Never flush cotton balls, swabs, hair or wet wipes down a toilet. They don't dissolve and will cause clogs.

• Try to address any plumbing problems before the holiday and before guests arrive. However, in holiday emergencies, don't hesitate to ask up front about extra holiday service fees. As always, know your DIY limits. Often, minor plumbing problems turn into plumbing catastrophes if not handled properly.

Source: Roto-Rooter

Published with permission from RISMedia.


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