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

4 Reasons to Improve Your Home This Fall

September 21, 2015 1:12 am

(BPT) – For nearly 74 million homeowners, a new fall tradition has emerged: home improvement.

According to a recent Metrostudy Residential Remodeling Index, several factors point to a rise in home improvement projects this season.

Energy-Efficiency – With colder weather on the horizon, homeowners shudder at the thought of higher heating costs. They upgrade windows, layer in more insulation, service or replace old furnaces and, in some cases, do all of the above.

Weather – Home improvement projects can be challenging, particularly for DIY-ers. Lower temperatures and humidity create a much more comfortable environment for completing projects.

The Holiday “Wow”
– Everyone wants their home to sparkle when they welcome family and friends during the holidays. Completing a home improvement project during the fall sets up a big reveal when the holidays roll around.

Falling Prices – Fall is an excellent time to save money by finding great deals on home improvement supplies and service. Year-end sales begin and discounts can be steep. Also, contractors are busiest during the warmer months - their business cools as the weather does.

Published with permission from RISMedia.


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A Crash Course in Personal Finance for College Students

September 18, 2015 1:06 am

Call it Finance 101.

According to a recent survey by the American Institute of CPAs (AICPA), college students give themselves good grades for financial literacy – but many lack knowledge of the basics. Specifically, 57 percent of students surveyed rated their personal financial management skills as “excellent” or “good,” but 48 percent reported having less than $100 in their bank accounts in the last year.

“For many students, college is their first time making independent financial decisions,” says Ernie Almonte, CPA, CGMA and chairman of the AICPA’s National CPA Financial Literacy Commission. “With this opportunity comes serious responsibility, and if they aren’t making informed, intelligent decisions, it can have a negative impact on the rest of their financial lives.”

Nearly 40 percent of students surveyed reported borrowing money from family or friends and just over 10 percent reported missing a bill payment in the last year. To boot, only one in four college students say they seek out personal financial management information and incorporate it into their spending and saving habits.

Members of the AICPA’s Financial Literacy Commission say that establishing and following a budget is one of the most important things a person can do to take control of their financial situation and build for the future. Other steps to take include:

Reviewing your plan – Look at your budget on a monthly basis and see if there are differences between your budget and your actual spending. If there’s a gap, determine if your budget or spending needs to be modified.

Building a credit score – It's a good idea to start to establish a positive credit history by having a credit card in college. But it’s critical that you don't use it unless you can pay it off, or if it’s an absolute emergency.

Setting a goal for earnings – Figure out how much money you’ll need to get through the semester for expenses like cellphone service, transportation costs (i.e. car payment, insurance, bus fare, etc.), and rent and utilities if you're living off campus. Use that as a goal for how much money you’ll need to save working over the summer in order to start the semester from a position of financial strength.

Source: AICPA

Published with permission from RISMedia.


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