4 Thinking Points Before Buying a House

Written by Roger Sorensen

So you’ve been renting an apartment for a while and your friends are all buying houses and settling down to nice, quiet suburban lifestyle. Is this something you should be doing too? To put even more pressure on you, every other evening news cast is talking aboutrepparttar rapidly increasing value of houses in your area. Before you rush out and buyrepparttar 151104 first house you can get a loan for, perhaps it would be wise to stop and decide if buying a house is really what you should be doing. To help you, here are four things to think about.

1. How long will you live there? If your job requires frequent moves, or you are pretty sure you will not be inrepparttar 151105 same city in five years, do not buy a house. Real estate prices do sometimes dip and if you move you may have to sell your house at a loss.

2. Are you a Flipper? Flipping isrepparttar 151106 art of buying a house, living in it for a time as you fix and improve it and then selling it for a profit. You then buy another house, live in it for a time, and sell it for a profit. The risk here is similar to that inrepparttar 151107 previous paragraph;repparttar 151108 resale value ofrepparttar 151109 house may go down. So if you are going to be a flipper, be sure to buy a house you would want to live in forrepparttar 151110 next ten years.

Avoid After Vacation Stress

Written by Ida Byrd-Hill

Have you ever gone on a vacation and had a marvelous time only to feel stress later as you overspent????? Well, you are not alone. Many of us get so wrapped up in perfecting our tan or gettingrepparttar rest we need that we do not even want to think about how much we will be spending. ”Very few people, no matter what their net worth andrepparttar 151103 level of their intelligence and financial savvy, do any kind of budgeting for trips,” said Gary Buffone, a psychologist and director ofrepparttar 151104 Family Business Center, in Jacksonville, Fla. as quoted in an article on www.cbs.marketwatch.com It stands to reason you take a vacation to relieve stress. Why would any sane person ruinrepparttar 151105 euphoria of a vacation withrepparttar 151106 mundane task of budgeting?

The average family takes 2.6 trips annually according to YPB&R/Yankelovich National Travel & Leisure Monitor as quote by. The average cost for domestic vacations is $1000 withrepparttar 151107 average cost for international vacations exceeding $3500.

Ifrepparttar 151108 average family takes 1.6 domestic vacations and 1 international vacation annually then they are spending at least $5000 on vacations a year. The cliché “Pay now or Pay later!” takes on a new meaning as you are paying by credit card later. When you addrepparttar 151109 interest,repparttar 151110 cost to pay off these vacations grows to $9148.62. (Assumes 18% interest over 4 years) Add those cost over 4 years of vacations,repparttar 151111 credit card debt becomes astronomical. It is easy to see whyrepparttar 151112 average American family has a lot of credit card debt. The easiest way to eliminate this credit card debt is to not createrepparttar 151113 debt at all or create a system to pay it off before you create it. Most people do neither creating stress afterrepparttar 151114 vacation.

Budgeting makes most people revolt is it seems so complicated. Who wants to takerepparttar 151115 time to performrepparttar 151116 mathematical calculations? No one. Ida Byrd-Hill, a 10 year veteran financial advisor has created a self calculating Vacation Budget Form. The form completes allrepparttar 151117 calculations after you input basic information such a plan/train/ cruise ticket prices, number of nights and number of persons going on vacation. The form makes it easier to save for vacations as you will knowrepparttar 151118 true cost ofrepparttar 151119 vacation and whether you need to save some more money or allocate a larger portion on your credit cards. The best part you do not have to do complicated computations. The form is found at www.livinginstyleonline.com. Livinginstyleonline.com is a luxury lifestyle magazine and luxury discount shopping marketplace whererepparttar 151120 motto is “you can liverepparttar 151121 good life without breakingrepparttar 151122 bank!!!!!!

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