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

Telltale Signs You're Ready to Move

February 12, 2015 1:51 am

Moving to a new home can be life-changing. The reasons for a move vary: you may have a growing family, you might be empty-nesting, or you may just need of a change of pace. But how do you know you’re really ready to move? Watch for these classic signs:

You’ve thought through the details. You’ve worked out the logistics – where you want to live, when you want to move, what kind of home you want – and feel confident about your decision.

Your family situation is changing. Shifting family dynamics may mean it’s time to either move-up or downsize. If your household spatial needs are changing, re-evaluate your current residence to determine whether it’s time for a new chapter.

You did your homework. Investing in a new home is not to be taken lightly. You’ve taken steps to align your finances with your goals – you’ve saved enough for a down payment, crunched numbers, kept tabs on interest rates and corrected any errors on your credit report.

You’re ready to make a dream come true. Perhaps you’ve always wanted to own a home in the suburbs. Or a waterfront property. Or a horse ranch. If you’re ready to transition to your ideal home, it may be time for a move.

Source: RISMedia’s Housecall

Published with permission from RISMedia.


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Educating Children about Money Management

February 11, 2015 1:51 am

Discussing finances as adults can be uncomfortable, but talking to your children about money, budgeting and saving can be much more challenging. “School doesn’t teach responsible money habits to children,” says financial expert Caren Hendrie, “so it’s up to parents and families to change the money attitude. There needs to be a shift in the discussion topics for kids at the dinner table to cover themes about money, financial strategies and good spending habits.”

Hendrie recommends teaching financial responsibility to young ones by letting them make their own money decisions and consider consequences for those choices. When they’re older or start earning money, teach them to invest in their savings.

Other ways to educate children include:
  • Showing them how to calculate change by playing counting games. This skill will not only build their confidence when dealing with money, but also save them from being ripped off in the future.
  • Curbing their desires for instant gratification and retail therapy by making a savings plan. Help them recognize that earning money is much easier than saving it.
  • Explaining household expenses and budgeting when they want something unaffordable. If a child wants something priced out of your comfort level, offer a cheaper alternative or give them the option to make up the difference.
Source: Hendrie Group

Published with permission from RISMedia.


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