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How Not To Spend Your Tax Refund

by Kathy T.

It’s January, which means it’s tax time! For some of us, those words fill us with dread. For others, that means it’s time for an extra payday. If you’re expecting a tax refund of a few hundred (or even thousand!) dollars- congrats! It can be tempting to spend through that money fast- maybe going on a shopping spree, or buying that big ticket item you’ve been saving up for. However, those are both pretty bad ideas. Read this post by Joyce at My Stay At Home Adventure for why:

-Don’t use your refund for a shopping spree, a down payment on a vehicle, or for bills that you’ve been struggling with all year long. Use that refund to benefit you financially. You love that feeling of having money. Isn’t it a great feeling? Now imagine having that feeling last longer. Knowing that you have money saved, and your finances under control, is the best feeling in the world.

Photo Credit: Roderick Eime 

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Friday Fun Video: Tax Scam Warning

by Kathy T.

The IRS will NEVER call you  to demand payment- hang up on anyone asking for money immediately and don’t give them any personal information. They are scam artists!

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Saving Money At The Movies

by Kathy T.

Just because you’re on a budget and living frugally doesn’t mean that you should never have fun! I believe that a good budget always includes money for entertainment- and how you use that money is up to you- whether it’s a clothing shopping spree, a manicure, date nights, or the movies. I work at a movie theater on weekends (because, hey, free movies) and I can personally tell you that most people WAY overspend at the movies. Here are my tips for having fun at the theater, while saving as much money as possible:

-Go to a matinee- At my theater, it’s $3 cheaper per ticket if you come before 4:00pm. Some other chains also have discounted days (2$ Tuesday, etc.). Look up what your local one has to offer, and don’t go to a 7:00 show on a Friday night!

-Ask for discounts- Many theaters offer discounts for senior citizens, children, military, and college students. ALWAYS ask for a discount, and don’t assume they will automatically ring you up as a senior- they won’t.

-Eat beforehand, or bring in your own snacks- Almost all theaters do not allow outside food or drink, so it’s best to eat beforehand to resist the temptation of $10 popcorn.

-If you must order concessions, buying things in a combo is usually cheaper than buying individual items.

-Don’t order tickets online- There is usually an additional “processing fee” of $1-$2 for ordering through sites like Fandango. Skip it, unless you are buying ahead for a show that will most likely sell out.

Photo Credit: meridican 

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Mortgage Tips For Home Buyers

by Kathy T.

When buying a home, most people are worried about getting approved for a mortgage at a low interest rate. In order to prepare for the approval process, there are many steps you need to take to make sure you get the best mortgage possible. But where do you begin? Check out this post by Andrew Fortune at Great Colorado Homes for home buying tips for a mortgage professional:

-Get pre-approved as soon as possible

-Don’t take no for an answer- if you get rejected by one lender, move on and find another

-Your lender can pay closing costs on your purchase

-Be ready to have your income and assets scrutinized

Photo Credit: nikcname 

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College ID Discounts

by Kathy T.

I’m always on the lookout for ways to save. I love coupons and discounts, and will never hesitate to take advantage of them. If you are a college student, your ID is a gateway to tons of savings! You should always carry it with you. Check out your area for discounts and deals, and never be afraid to ask. I mainly use my discount for the movie theater, burritos, Goodwill, and the local art museum (Thursdays are totally FREE for students!). Check out this post by Alanna Okun at Buzzfeed for places you can use your ID:

-Six free months of free shipping from Amazon Student

-J Crew

-Banana Republic

-Goodwill

-AMC Theaters

-Jo Ann Fabrics

-Topshop

Photo Credit: COD Newsroom 

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Wordless Wednesday: Clock Library

by Kathy T.

Photo from Pinterest

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Why You Need To Get Pre-Approved Before House Hunting

by Kathy T.

Almost every Realtor will require that you get pre-approval for a mortgage before they agree to represent you. But why is that? It’s mostly because they don’t want to waste weeks or months of their time on a buyer to only have them be rejected when the sale finally closes. Read up on this article by Kyle Hiscock at the Rochester Real Estate Blog for why you need to get pre-approved:

-It is safer for the Realtor

-Provides proof of ability to obtain financing

-It proves that you are a serious buyer who will not waste their time and resources

-It strengthens your ability to negotiate with sellers

Photo Credit: Got Credit 

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Friday Fun Video: Powerball Hits Over 1 Billion

by Kathy T.

The chances are extremely tiny, but isn’t it worth it?

 

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How To Make An Extra Mortgage Payment In 2016

by Kathy T.

Let’s say you have a 30 year fixed rate mortgage. That’s 12 payments a year over 30 years. However, what happens if you make just one extra payment a year? By making one extra a year, after 12 years, that will be one whole other year paid off. Do this twice and it’ll take off two years of mortgage payments! I know everyone wants to get their home paid off as fast as possible, and this is one method that can make it happen. Check out this post by Trulia at the Yahoo Real Estate blog for tips:

-Review your current budget, put any extra money towards another payment

-Set a reasonable goal- start small and build up, even if you are only saving $10 extra a month

-Automate extra savings in your account to a mortgage payment

Photo Credit: bayasaa 

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Things You Should Always Buy Used

by Kathy T.

I’m a thrift store junkie- I love buying used books, vintage clothes, older furniture pieces- anything I can get my hands on. I save a ton of money and get the same products. Plus, browsing thrift and secondhand stores is a lot of fun! If you need to get some shopping done soon, but want to save money, check out this post by theteacherswife at Ebay.com for things you should always buy used:

-Books and textbooks- this will save college students HUNDREDS of dollars

-Cars

-Toys, toys, toys! – Just give them a good wipedown first

-Clothing and specialty dresses

-Furniture

However, you should never buy used:

-Electronic devices (laptops, tvs)

-Car seats, bike helmets, and other safety equipment

-Or anything plush- stuffed animals, used pillows, couches, etc.

Photo Credit: Melisa TG 

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