Saturday, April 28, 2018

How To Save Money Decorating This Year



Regardless of whether you are a professional interior designer working on a large project or just want to redesign your kitchen, it always pays to know the best ways to save as much money as possible. 

Decorating your home is rarely a cheap thing to do and usually comes with stress, hassle and a lot of mess. Even the smaller tasks are never as easy or as quick as you think. 

Keeping that in mind, we‘ve made sure that the tips chosen in this guide will save you time, hassle and of course, money.

Saving money when decorating is always important as the budget of decorating can often determine the style we decide to go for. For example, you may wish to turn your room from modern and minimal to retro chic and to do this you will need wooden type furniture, bespoke features and vintage lighting. 

All of these things are usually every expensive, but with these tips you can achieve this look and have money to spare. In this guide we are going to show you the top 20 tips on how to save the most money when decorating this year.


Tip 1 – Find free materials around you


By this we don’t mean rummaging through bins of course. You will be surprised to find out how many things you can actually get for free! Many people will want to just get rid of items they don’t want anymore because they are moving and can’t be bothered to try and sell them. 





This is where you can get some amazing bargains. From small table lamps to large tables and chairs, people will often happily give you these things for free if you are able to pick them up.

Tip 2 – Improve your existing furniture


Before you start throwing out all of the furniture in the room it might be worth considering if it can be updated or improved. One of the biggest trends right now in interior design is repurposed and reupholstered furniture, especially with wooden furniture. 

As the vintage look has never been more popular, we are seeing a huge rise in people repurposing old tables and chairs, bringing new life to something that was once nearly thrown away.


Tip 3 – Feature Wall


One of the simplest ways of adding a fresh and new feel to a room is through painting or wallpapering the walls. Paint and wallpaper vary in price, but one thing that is consistent with this is the amount of time it takes. 

Updating the walls in your home is a long process and one that needs care and attention if it is to look right. However, to save money and time you can simply just update one wall; the feature wall. 

You might be surprised at how much a feature wall can change a room’s dynamic. It draws the eye as soon as you enter and instantly sets the tone for the rest of the space.

Tip 4 – Update the plumbing fixtures


Your bathroom and kitchen plumbing fixtures are often untapped resources when it comes to adding a new design feature to the room. By simply changing the usual metal finish to copper, brushed chrome or brushed bronze you can quickly update the style without having to purchase a new sink or bathtub.


Tip 5 – Laminate Worktops


Replacing your kitchen or bathroom worktop is usually a very expensive thing to do, but also one of the best ways to redecorate a room. It instantly breathes new life into the space whilst setting the tone and creating a brand new feature that is guaranteed to impress. 

This can cost anywhere from hundreds to thousands of pounds. This is because people will usually prefer the feel and style of natural wood or stone for their worktop. Well, the good news is that you can now have this natural style without having to pay out big thanks to modern laminate worktops. 

Recent technological advancements has meant that laminate sheets now look identical to the real thing and even have the same texture. They come in a vast selection of styles/colours and if you wanted to know more about this then please find here an ultimate laminate sheet guide.


Tip 6 – Door handles


Changing your door handles is a very quick, easy and cheap way of creating a new design style. Although small, the right colour door handle can have a surprising effect on a rooms look. Research what material and colour goes with what colour and type of home to ensure it doesn’t look out of place.


Tip 7 – Never underestimate the power of a mirror


Mirrors do so much more than you might think. They can add light to a room, increase the size and add seamless flow. However, many of us are guilty of not making the most out of the mirrors we already have. 

Before you go out and invest in new ones, look at the ones you have already and see how they can be improved. Maybe it would look better in a different room or nearer natural light.

Tip 8 – Bring the outdoors inside


The past few years has seen a surge in popularity with indoor plants being used to create a new type of bohemian style. Often in vintage looking pots and hanging from the ceiling, these indoor plants are relatively cheap and a great way of updating your interior design.


Tip 9 – Shop Second hand


This may seem like a more obvious one, but shopping through second-hand stores, thrift stores, markets and car boot sales can result in finding fantastic furniture for incredible prices. Some designers make a great living this way so it’s definitely worth checking out your local area for bargains.


Tip 10 – Use lighting


Lighting has the power to create a mood and even add size to a room. If used right, lighting can completely change how a room feels and looks. Whether you make use of the natural light more or invest in some new lamps or lampshades, lighting is an interior designers best friend. 

To save money, look at simply changing the lampshades, bulbs or position of where these are and see how different your room can look.

Tip 11 – Rearrange the Furniture


Sometimes the best way to change the dynamic of a room is to simply rearrange the furniture. For a calm and serene environment try looking into how to implement Hygge and Feng Shui into your home.


Tip 12 – Utilise Paint


If you feel like your home needs redecorating but would like to keep it as cheap as possible then sometimes all you need is paint. A new lick of paint on the walls can totally revamp your room without having to change anything else. 





If your home has a shed or garage where you keep old tins of paint then check these first before buying new ones. If there isn’t much in some of them then you could mix these to make a bespoke colour and add a touch of your own personality to your home.

Tip 13 – Use Fabric


Whether it’s sheets draped over lights or a throw on your sofa, fabric has the potential to turn your room into something completely different. By using them over lamps you can create a soft and subtle ambience that’s much cheaper than purchasing a brand new light.


Tip 14 – Don’t forget about the details


Sometimes the smaller things have the larger impact, so if you’re looking to spruce up your home but don’t want to pay big prices for big pieces of furniture then have a look at tweaking the smaller things. 

This could be anything from new cushions on the sofa to new towels in the bathroom, anything that can inject colour into a room can change the interior style.

Tip 15 – Declutter


Decluttering your home is sometimes all you need to do to revamp a room. If you think you need to redecorate then always declutter first as you may be surprised to find that this is actually all it needed!


Tip 16 – Layer rugs


Carpet or hardwood flooring can be pricey, but a fantastic way of updating your floor without having to break the bank is to simply layer rugs together. 

You haven’t got to use expensive rugs for this because you are layering them together. Get creative with it and enjoy making your own bespoke design feature.


Tip 17 – Group similar items together


If your home has large walls then this can sometimes cause a problem when decorating within a smaller budget. Trying to fill a large space can get expensive if you are looking at buying large items, such as a full length mirror. 

However, if you group smaller, cheaper items together then you can fill this gap, save money and add a whole new dynamic design feature to the room.

Tip 18 – Wallpaper Offcuts


Do you have any wallpaper offcuts at home? If you do then you can still put these to good use by adding them to staircases or wall borders. They can add a boost of colour to any room whilst also creating a beautifully bespoke design feature. You can find some great examples on Pinterest here.


Tip 19 – Mix and Match


It’s almost too easy to go over budget when decorating your home as there is just so much to choose from. Sometimes it really pays to compromise, only on the items themselves, not the style. Mixing different types of furniture is a great way of adding a modern style to any room. 

For example, a dining room chair isn’t too expensive for one, but if you need 6 then this really adds up. So, instead of this you can simply get two for the ends of the table and then cheaper chairs for the middle. It can still look fantastic and save you money.

Tip 20 – Swap Party


Swap parties have become much more popular recently thanks to the fantastic bargains you can get! We all have different tastes so these parties are a wonderfully collective mix of furniture and furnishings. Get swapping with friends and family and have a great time whilst doing it. 



Thursday, April 26, 2018

Lost Your Keys? 5 Helpful Hints for Choosing a Locksmith



You will likely need the services of a locksmith at some point in your life. It is a good idea to find a reliable locksmith before you need one. There are several things that you need to look for in a locksmith.

Ask for Recommendations


You can ask your family members, friends and co-workers about locksmiths in your area. Make sure that you ask about where the locksmith is located. 

You may also want to check with the Better Business Bureau. Make sure that the business does not have any unresolved complaints.

Identify Your Need


The more specific you are, the more likely you will be to get a locksmith who fits your needs. There are some locksmiths who primarily help people who have been locked out of their home or car. Others will also replace or break a lock.


Verify Insurance


You will need to verify that your locksmith has insurance before you hire them. An insured locksmith will protect you and your property. Without insurance, you could be held responsible for any damage that is done while on your property.


Make Sure Company Is Licensed


Every locksmith company is required to be licensed. If a company is licensed, then this means that they have undergone a background check. Locksmiths are required to carry their license with them at all times. 






The city that you live in may also require that the locksmith have a business license or permit. Check the requirements in the place that you live in.

Request an Estimate


You should get an estimate before you hire a Carolina Locksmith to do any work. A reputable locksmith will be able to provide you with a locksmith online or over the phone. You will also need to ask if you will be charged extra. 

Some locksmiths will include extra fees for things like nights and weekend visits and mileage. If the locksmith tries to charge you more than the estimate that they gave you, then you do not want to hire them.

The best time for you to find a locksmith is before you need one. You will need to ask for recommendations. You will also need to identify your need. It is important to make sure that the company is licensed and has insurance. Furthermore, you will need to request an estimate before any work is done.


Wednesday, April 25, 2018

3 Tips to Get the Lowest CA Loan Interest Rate





Mr. Ankush Tiwari, a Chartered Accountant by profession, had a long-cherished and an abroad family holiday pending! However, he was short on funds yet wanted to take a small break from his hectic schedule to rejuvenate! He was in a spot of bother as he needed around Rs.10 lakh to fund his trip.

He was almost to give up the idea when one of his other CA friends Vikram Taware informed him about availing a Chartered Accountant loan at a lower interest rate. He gave it a thought and found that he is eligible for it and applied for it. With a CA loan, he could enjoy his heart content with his family in Singapore.

If you are a CA and are willing to go on a foreign trip yet scared of the CA loan interest rate, you can implement some habits and avail a lower CA loan interest rate. Want to know more? Let’s go!


What is a CA loan?


A Chartered Accountant loan is nothing but a personal loan designed for CA professionals. Lenders consider CAs as respectable and responsible citizens of the society, and that’s why they are awarded a higher loan amount of up to Rs.35 lakh.


How to get the lowest CA loan interest rates?


The only thing that bothers a majority of CAs and ordinary citizens is a higher interest rate. However, there are ways you can bring it down and never feel the pressure. Here are those tips that you need to implement:


1. Always shop around a bit


Did you know that there are more than 100+ banks and non-banking finance companies (NBFCs) that offer loans in India? Thus, a borrower has many choices, and must not go to the first lender that confirms the eligibility. 


Thus, you should always compare leading offers on a third-party website as CA loan interest rate can vary between 14-20%. Comparing all offers beforehand will surely help you avail a lower rate of interest.

2. Maintain a good CIBIL score


A CA loan is an unsecured one which means you need not provide collateral as in the case of a home loan. Thus, a borrower’s Credit history becomes an important factor while deciding a CA loan interest rate. 


Aim to maintain a CIBIL Score of at least 700+ so that lenders could award you the best interest rate. Some of the things that you can do to maintain a good CIBIL Score are: 
  • Paying your existing loan EMIs on time 
  • Having a clean repayment history 
  • Not having many credit cards 
  • Not maximizing the credit card’s limit 
  • Ensuring to get all Credit history mistakes corrected 

3. Opt for NBFCs over banks


A banks’ rate of interest may be lower, but their charge structure is heavy on the pocket of a borrower. NBFCs, on the other hand, also provide a lower CA loan interest rate along with a unique facility in the flexi loan. 


It allows a certain amount to be borrowed from a provided limit. The interest is paid as an EMI on the utilized amount and not on the total amount, making it easy to manage. The remainder of the amount is adjusted at the end of the tenor.


Don’t fear the CA loan interest rate


Thus, if you wanted to avail for a CA loan, but could not do so fearing the exorbitant CA loan interest rate, you can now do that by implementing the above-discussed tips. Incorporating these tips is easy, and it will help you avail a lower interest rate for CA loans without hassles.


The Bottom Line


Now that you have an idea of what it will take for a Chartered Accountant to grab the best CA loan interest rate - go ahead and make the most of it. Once you are sure that you are availing the best CA loan interest rate, apply for it online, and fulfill your needs.



Sunday, April 22, 2018

How Investing in Annuities Can Better Set You up for Retirement



In the world of retirement and estate planning, annuities seldom get the recognition they deserve. When set up and funded correctly, annuities can be a very sensible strategy for individuals heading into retirement. 

These insurance contracts share very few similarities with 401(k) plans and individual retirement accounts, but they are certainly worth considering. Here are four things you should know about annuities and retirement:

How to Understand Annuities


In essence, annuities are insurance policies that promise future payouts. One of the main differences between annuities and a homeowner’s insurance policy, for example, is that the payout is not contingent upon loss. 

You can purchase an annuity now with the full expectation of payouts later in life; you do not have to suffer a loss. The money you will receive in the future is agreed upon, and it may consist of a lump sum payment or periodic disbursements.


Advantages of Annuities


Unlike investment funds, annuities do not present future windfall scenarios tied to the potential performance of financial securities. While it is true that individuals who invested in 401(k) plans tied to the S&P 500 since 2010 have realized handsome gains, this is never guaranteed. 





Annuities are part of a more conservative type of financial planning. The goal of annuities is to generate future income after you retire. During bull market runs, an IRA plan will grow in value and allow you to make nice withdrawals; however, the opposite will happen in bear market conditions. 

Depending on how you structure your annuities, you will be able to enjoy greater certainty of your retirement income.

How to Buy Annuities


Since annuities are a mix of investment securities and insurance contracts, they can be purchased from banks, brokers, financial planners, and insurance agencies. Your best best is to purchase annuities from your financial planners. 

Annuities are marketable financial instruments, which means that you can sell them when the time is right, but certain fees and penalties may apply.

Types of Annuities Available to You


There are three main types of annuities: fixed, indexed and variable. The latter is regulated by the Securities and Exchange Commission while the former two are regulated by the insurance commissioner of your state. 

As its name suggests, you a fixed annuity guarantees a fixed amount of payouts for a declared period. An indexed annuity is tied to the performance of financial benchmarks such as the Dow Jones Industrial Average. 

With a variable annuity, you can choose to grow your money in various mutual funds, but the amount of your payouts may fluctuate.

In the end, you should strongly consider including annuities in your portfolio. As with other retirement planning strategies, setting up annuities at an early age is highly recommended.


Saturday, April 21, 2018

Finding a Balance Between Spending, Investing and Saving



It can be difficult to decide what would be considered a ‘sensible’ use of money. Naturally, most people try to save whatever money they have left over after paying for all of the essentials each month. 

However, though saving money is important, it is not the only good use of each months paycheck. You need to find a balance between saving, spending and investing, so that you can get the best use out of your money. 

If you have never considered what benefits investing could have for you, or if you are wondering what the best way to save some of your money is, then here are a few tips for you.

Investing


Investing money is a great way to profit from your assets, with minimal work involved. To invest in the stock market, all you need is a small amount of start-up capital. 

From that starting point, you can then find a broker, and most of these are available online or even through apps nowadays. Of course, the stock market is not the only way that you can invest your money. 




You could instead invest in the real estate market, or in a local business or new startup company: where ever you feel your money is most likely to profit, with as minimal a level of risk as possible.

Spending



Of course, when you get your paycheck, you immediately factor in expenditure on the essentials: food, bills, items that the kids desperately need, etc. 

That is universally considered to be a sensible use of a person’s wages. 

However, sometimes it’s okay to put a little money aside to do something fun. After all, you work hard, and that deserves some reward! 

As long as you budget carefully, you might find that you can put fifty dollars or so aside each month to go to the cinema, treat the family to a fun trip out, such as to an Escape Room, or take everyone to a family dinner. 

Even if you don’t have enough to do that every month, you could always save some money over a longer period of time specifically for this purpose.

Saving


As well as saving up for family days out, it’s also important to keep saving for a number of other reasons. 

While saving won’t give you the same returns on interest as investing would, invested funds are a lot less accessible than saved funds, and you may need a store of money to turn to at one point or another. 

Perhaps the car breaks down, or the heating stops working: in these instances, you will need cash to hand in order to get the problem fixed quickly and easily. Therefore, make sure to keep some money aside which you know you will only spend in emergency situations, and that you are not going to invest. 

It is a good idea to keep this allocated money in a separate account, as that way you are less likely to spend it, either accidentally or on purpose.


Should I Get a Voluntary Life Expectancy Set Aside (LESA) Even If I Don’t Need It?




A Life Expectancy Set Aside (LESA) — think escrow account for property taxes and insurance — might be mandatory for some reverse mortgages to be approved, but that’s not the only reason to have one.

Most borrowers looking to secure a reverse mortgage proceed with a LESA to satisfy financial assessment rules required by the Department of Housing and Urban Development (HUD), but you may also include one in your loan voluntarily.

Read on to understand when a LESA is mandatory, and why a voluntary LESA might benefit you even if it’s not mandatory.


When Is a LESA Mandatory?


As the years go by, reverse mortgages continue to evolve. If you’re 62 and older, a reverse mortgage allows you to use your home — fully paid off or not — to gain access to your equity and turn it into cash you can use. 

Although early reverse mortgages had no income or credit requirements, things have changed in recent years, although these requirements are still much easier to meet when compared to conventional financing.

For loans originating after April 27, 2015, the Federal Housing Administration (FHA) has increased requirements for borrowers. These requirements include reverse mortgage counseling and a financial assessment to make sure you can successfully meet the obligations that come with the adoption of a reverse mortgage. 

In addition to age, ownership, and sufficient loan-to-equity ratios, you must also satisfy the following three requirements if you want a reverse mortgage:
  1. Your property tax payments must be paid and up to date.
  2. You must maintain a homeowner’s insurance policy.
  3. You must maintain your home up to FHA standards.

You must also show sufficient income to be able to cover your housing expenses with money left over at month’s end. If you can’t, you need a LESA.

LESAs help protect loan distributors from borrowers who might otherwise be at risk of default. That’s because the LESA is based on your life expectancy from the time of loan initiation, and consists of an escrow account. 

This escrow account sets aside money from your home equity to cover future payments — for property taxes and homeowner’s insurance — in advance by securing this money in an external account, so you can be sure you meet future loan obligations.

Is a LESA Always Required?


You might not need a LESA. A financial assessment conducted at the time of your loan application determines whether you’re at risk of defaulting — and therefore required to include a LESA in your reverse mortgage.

These assessments include a credit and financial ability review. If you’re late on mortgage or installment loans, a LESA may be required to compensate for your bad credit. 





What’s more, if a lender determines that your residual income — that is, what’s left after you’ve paid all your monthly obligations — is not enough to cover the financial requirements of the loan (or is below predetermined thresholds), the lender may require a LESA to ensure those funds are available for future property and insurance payments.

Why Would I Want to Secure a Voluntary LESA?


Even if the rules don’t require it, you can secure a voluntary LESA for your own purposes. There are a few situations where this avenue is worth exploring.

A LESA may mean less cash-in-hand, but it also means greater security if you’re concerned about meeting future loan requirements. A LESA provides a set-it-and-forget-it option for those who don’t want the trouble of remembering to stash money away for future payments. 

By adopting a worry-free way to set money aside, you can rest assured that you won’t miss future tax and insurance payments and unintentionally default on your loan.

Issues with bad credit often prevent borrowers from securing traditional loans, but reverse mortgages can be much more forgiving, even without a LESA. 

The new LESA option can help you sequester funds and automate payments, making monthly bill paying and financial planning a less stressful experience.

Factors to Consider When Opting for a LESA


If you do decide to opt for a voluntary LESA, there are a few considerations that you may want to bear in mind before you take the next step.


Fewer Upfront Funds

The process of setting up a LESA involves appropriating some of the total cash available into a fund that is set aside for specific payments. The amount can vary depending on your age, and your individual insurance and property taxes.

If the LESA is a large amount of the total proceeds, then opting for a voluntary LESA can put a dent in the total cash made available by your reverse mortgage loan. If covering large home repairs or paying off debt is your incentive for taking out a reverse mortgage, allocating funds towards an optional LESA may not be ideal. 

Additionally, if you still have a significant forward mortgage, the amount of principal funds may be so little that a reverse mortgage becomes impractical, or impossible.

Greater Peace of Mind

With a LESA, you can trade some of the financial management of future property and insurance bills for peace of mind, because you can pay for these expenses with your existing equity without having to touch your monthly income streams. 

This reduces the burden of monthly bill payments and provides you with reassurance that your loan is secure and your future home payments are accounted for.

Adding this peace of mind can be a great relief, especially if you’re looking to reduce your monthly bills and take further financial responsibilities off your plate. 

A LESA can make income and expenses less convoluted, and more of your monthly income can stay in-pocket at the end of the month, while the LESA takes care of the bill-paying process.

If you would feel more comfortable knowing that monthly taxes and insurance payments are being handled by your lender — even with sufficient income to cover these payments yourself — a voluntary LESA could be just what you need.


Contributed by: Mehran Aram, a graduate from the University of San Diego School of Business in 1984, founded Aramco Mortgage in 1998 after spending almost five years in the industry. Today, Mehran Aram is President and CEO of The Aramco Group, and has recently been honored with the distinction of CRMP(Certified Reverse Mortgage Professional) a certification held by less than 50 brokers nationwide. Mr. Aram currently heralds the title of “Mortgage Analyst” on San Diego radio stations: AM 600 KOGO, AM 760 KFMB, AM 1170 KCBQ, AM 1210 KPRZ, FM 98.1, and Fox News Monterey’s AM 1460. Garnering endorsements across the state of California, including from radio personalities, Roger Hedgecock, George Chamberlin, Mark Larson, and Ladona Harvey, Mehran Aram along with his nearly 20 years of industry experience has effectively become California’s Mortgage Expert in reverse mortgages, refinances and purchase loans, among many other loan products.



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