Four Moves To Make Before Interest Rates Go Up

It’s been roughly a decade since the housing collapse in the United States, and if you haven’t checked as of late the homes and buildings are going up in your neighborhood like a 2007 party.  Part of the main reason for the boom over the past decade was the loosening of the monetary policy keeping long term borrowing rates next to nothing. Those of you who locked in 30-year mortgages between 3% and 4% should thank your lucky stars because we may not see those rates again for another 20 years or more.  Now that the United States has hit record low unemployment and corporations across America are making record profits, the Fed is now beginning to tighten the monetary policy.   Mortgage rates were between 4.5% and 4.6% for a 30 year mortgage during the week of February 25th, 2018 (source: bankrate.com) So, what four smart money moves can you make as the Fed tightens up the money supply? Cut ...

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Tricks To Spend Less Money At The Store

Stores and restaurants are really really smart at figuring out how to get you to spend more money.   These are time tested marketing techniques that you won’t even think about before or after you make your purchase.  The key for these stores, restaurants, and outlets is to make you feel good…..like you got a deal or you are special or you are one of the exclusive few that got this opportunity.   The goal is to separate you from your money.   Here are six traps to watch out for that will trick your brain into spending more money. THE NO DOLLAR SIGN TRICK —This one is most seen when you eat out at an upscale restaurant. You’ll notice that they will list a meal with the number 15 (note NO $$) or they will actually spell out in some artsy fartsy font By not showing you an actual dollar sign it literally makes you think less about money thus tricking your ...

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Five Money Considerations Before You Move

Whether you decide to move across town or across the country, at some point your family is going to be faced with a move. As you grow within a corporation, it’s likely at some point they will ask you to move from one city to another.   This means the financial decisions you make could have a substantial impact on your bottom line.  Here are five money considerations you should think about before you make the move. Rent or Sell – Since you don’t always know how long you’ll be in a city, buying a home is a big family financial decision. If you relocate to another city, an even bigger decision could be whether or not you should sell your existing house or rent it out.   Make sure you review items such as seller costs, moving costs, whether or not you want to be a landlord and what you could get for market rate rental income before you make this ...

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