Afonso Real Estate



Posted by Afonso Real Estate on 12/16/2015

If you are a new homeowner and haven't changed your locks yet, then you should strongly consider doing so as soon as possible.  You  have no way of knowing who holds keys to your new home.  Thankfully, there are really cheap ways to go about accomplishing this.  Hiring a locksmith to come into your home and change the locks can be expensive, but is an option if you are pressed for time.  However, you can take your locks to a local locksmith shop and have them changed for a fraction of the price. If you have different keys for different doors, you can use this as an opportunity to make all of your locks match.  Additionally, you can choose to purchase knobs and deadbolts that suit your decorative flair a little more.  Sets can be ordered online, or through your local hardware store.  Styles like egg-shaped bronze, handle pulls, oil-rubbed bronze, and riverwind doorknobs can add a touch of personality to what can ordinarily be a home fixture easily looked past. After refitting your home with new locks, be sure to pay attention to the placement of your new keys.  Wait until you get to know your neighbors a little better before you leave a spare key with them.  Until you become a part of the neighborhood, keep a spare key handy, but hidden.  Hideaway rocks, potted plants, and magnets can all be employed as a good hiding place, provided they aren't too conspicuous-looking.




Categories: Money Saving Tips  


Posted by Afonso Real Estate on 11/4/2015

Paying off your mortgage early and having no bills sounds like a no brainer. The answer however is not so simple. The answer really is; it depends. First you need to ask yourself a few questions. 1. Have you capitalized your employer’s match to your retirement savings? If the answer is no and you are not contributing the maximum than you are throwing away free money. You may want to consider putting your money here before paying down your mortgage. 2. Do you have other debt other than your mortgage? Pay off high interest credit card debit first. It makes no sense to pay off a lower interest loan and carry high interest debt. 3. Do you have an emergency fund? Experts suggest at least a three month supply of living expenses. Some even go as much as twenty four months of living expenses after the turn in the economy and job market. It makes more sense to have money set aside for a sudden loss of income before you pay off your mortgage. 4. Do you owe more than your house is worth? If you are upside down you are more susceptible to foreclosure. Ask yourself how much how much you enjoy living there. Would you be willing to buy it again for more than it is worth now? 5. Do you have life, health and disability insurance? If you are the main source of income in your household what would happen if you were no longer able to make the payments? Putting safety nets in place first is a wise idea. 6. Do you believe you can get better return investing elsewhere? Paying off your mortgage is an investment decision. Ask how does paying off my mortgage stack up with other investment options? 7. Are you thinking of retiring and want to live with the worry of a payment? The thought of living on a fixed income can be scary. Paying off your mortgage may give you peace of mind. There is no right or wrong answer to this question. It really comes down to what is most important to you. Sometimes, the answer is not based just on dollars and sense and more on what works for you, your life, your family situation and just plain old personal preference.





Posted by Afonso Real Estate on 9/23/2015

Credit cards can be a great source of safety and  convenience but they can also be trouble. Buy now and pay later can have serious consequences and lead to financial trouble. So in order to stay financially fit it is important to use your credit cards wisely. Here are a few tips to help you make the most of your credit cards: • This seems simple but pay off your balance every month in full.  Interest charges on your credit card purchases can add up fast. • If you do carry a balance, pay back as much as you can as quickly as possible. You don't have to wait until the payment due date. • Avoid using your credit card to withdraw cash or transfer money. Interest is charged on these transactions immediately. • If you are considering a card with an annual fee, be sure that whatever reward or benefit you're getting is worth the cost. Bottom line stay within your budget. Only use credit cards for things you can afford. If you can't afford it don't buy it. You will be much happier without the new sweater when you have enough money to buy a new home.





Posted by Afonso Real Estate on 9/16/2015

Imagine if you could make your student loan disappear. According to American Student Assistance, a non-profit that aims to educate young people about money say it is possible. Both the federal and state government, as well as some non-profit organizations offer loan "forgiveness" programs. Do the right paperwork and you could be loan free. While there is no single comprehensive listing of loan forgiveness programs, there are programs for some specific professions. Here are a few of those: Law school graduates who become a district attorney or a public defender are eligible to apply for the John R. Justice student loan repayment program. This program pays up to $4,000 a year towards an eligible applicant's debt up to the maximum of $60,000 per graduate. The National Health Service Corps offers an even more generous program for health professionals. This program repays up to $60,000 in debt in just two years for students working in medicine, dentistry or mental health in underserved communities. Graduates who are willing to work part-time on medical research could eliminate up to $35,000 in debt per year with a program funded by The National Institutes of Health. If you are willing to trade a few years of service for loan forgiveness you are in luck. There are various federally funded loan repayment programs for fire fighters, teachers, nurses, librarians, speech pathologists and employees of non-profits.  The programs don't typically ask graduates to work for free but they might receive less pay in order to repay the loan. The value of the loan repayment is likely to more than compensate for the lost wages. Because there is no comprehensive list of forgiveness programs it pays to do your research. There are many organization's websites that can help students find the right fit.





Posted by Afonso Real Estate on 8/19/2015

When times are tough you look to cut back anywhere you can. The price at the pump can be a real budget buster. There are ways to save on gas and get better mileage from your dollar. Slow down Speed is the biggest factor on fuel economy. Driving at 55 mph instead of 65 or 75 will save on gas. Tests have shown increasing speed from 55 mph to just 65 mph dropped fuel economy from 40 mpg to 35. While driving at 75 mph can cost the car another 5 mpg. Go smooth Keep a steady pace; avoid hard acceleration and braking if possible. Frequent acceleration and braking can reduce mileage by 2 to 3 mpg. Driving with smooth acceleration, cornering, and braking will also extend the life of the automobile. Don't be a drag When driving on the highway, more than 50 percent of engine power goes to overcoming aerodynamic drag. Carrying large items such as luggage racks and top-carriers reduce fuel economy. Warm Up Take the time to warm up the engine before taking off. Cars run most efficiently when they're warm. Stopping and starting the car several times is a big factor, try to combine several short trips into one so that the engine stays warm. Pump up Check your tires. Underinflated tires compromise handling and braking which in turn can reduce fuel economy. Check the pressure of your vehicle's tires to make sure they are correct. Keep moving Idling is one of the worst things your car can do, when idling your car is getting zero miles per gallon. Turn off your engine if you expect to sit for more than about 30 seconds. Practicing these simple tips should have you putting less money in your gas tank in more in your wallet in no time.




Tags: Save Money   gas   money  
Categories: Money Saving Tips  




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