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

A Simple Year-End Money Checklist

December 16, 2015 2:00 am

To ring in the New Year with a measure of fiscal confidence, it’s a good idea to review where you stand at year’s end and resolve to do whatever it takes to improve your financial status by the end of next year. Consumer finance consultant Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation, suggests taking these five steps before you ring out this year:

Review your spending patterns – With credit card statements in front of you, take a good, hard look at your expense patterns over the course of the year. Too many dinners out? Too much impulse spending? Resolve to do a better job of reining in expenses next year.

Know your net worth – Add up what you own (home, car, savings, investments, etc.) and subtract what you owe (mortgage, loans, etc.) Use the number as a personal framework for making financial decisions going forward.

Rethink credit card usage – If your credit cards are causing you to spend too freely, or spend more than you would without them, put them in the very back of your wallet and resolve to cut back on your use of them.

Create an emergency fund – If you haven’t already, start building a fund that will cover 3-6 months’ worth of essential living expenses in the event you lose your job or cannot work. Try paying into that fund first each month, before you pay your other bills.

Be sure you’re on track for retirement – Re-commit to making retirement savings a priority in your financial plan. Do the math, or check with a financial planner, so you know how much you should be putting away in your IRA, 401(k) or other business retirement plan each month, and make adjustments as needed.

Published with permission from RISMedia.


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4 Tips to Make Home Maintenance Easier

December 16, 2015 2:00 am

(Family Features)—Some home maintenance jobs require a significant investment of time and specialized equipment, but there are many projects you can accomplish efficiently with basic tools and the right approach. Follow these tips to get started.

Update your toolbox. Take inventory to ensure your collection is complete, and replace damaged or rusted tools. Your toolbox is also a good place to store common repair items such as adhesive.

Get ahead of potential problems. For example, have a plunger on hand to prevent clogged sinks and toilets from causing water damage, and keep gutters and filters clean to prevent structural damage or fire. You can also protect your home and valuables from damage by using adhesive to secure precious items from getting knocked over, and protect floors from traffic damage by securing rugs and felt pads to furniture.

Take a helping hand. Most phones have levels and flashlights that can help with minor jobs, and your phone’s calendar can be set with recurring reminders so that you’ll never miss a maintenance date. In addition, find creative ways to make tasks easier.

Get organized. Daily home maintenance tasks like cleaning are easier when they are done along the way rather than letting them pile up, creating a bigger job. Store everyday needs in each room, or on each floor. For maximum efficiency, keep cleaning supplies in both the bath and the kitchen, and a broom and vacuum on each floor.

Source: GlueDots.com

Published with permission from RISMedia.


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