Whether you want to build your savings to purchase a new home, or you simply want to create better money habits for yourself, saving can be a real challenge. We’ve come up with five ways to help you reach your financial goal, and have fun while doing it.
1.) Pay Yourself
Every month, when you get your paycheck, before you start paying off your bills and regular expenses, pay yourself a little cash as a reward for simply being you and going through this life! $10 a month become $120 a year, and $15 becomes $180. Whatever the amount, and whatever you can afford, acknowledging your hard work will boost your confidence and build your savings at the same time.
2.) Pay in Cash and Keep the Change
If you can remember, try to make a few purchases a month with cash. When you receive the change, no matter the amount, place it in an envelope in your home somewhere and see how much you earned at the end of the month. For example, if you buy a snack and a water bottle at a convenience store and the total is $3.50 and you pay with a $10 bill, then $6.50 goes in the envelope!
3.) Set It and Forget It
Opening an additional savings account and automatically having part of your paycheck contributed automatically is a great way to build your savings. Treat this account like a safe; one you can’t open. Once the money goes in, it can’t be transferred or withdrawn. See how long you can leave it alone and before you know it, you’ll have a nice sum of money/
4.) Do Something You Love
If your life permits, find a side job or activity that you’ve always wanted to try but couldn’t necessarily make a career out of. Do you have dreams of being a chef? Try working for a catering company for a few summer events. Did you want to be a professional athlete? See if any of your local teams need part-time help throughout the season. Bonus if you can find a side job that includes perks like free tickets.
5.) Make it a Competition
Challenge your spouse, best friend, or family member to see who can save the most in a month. The loser has to take the other person out for a meal or a fun activity. The motivation will keep you focused and getting a free reward at the end of the challenge is just another way to keep money in your savings account!
This episode of Norcom Cooks, Vice President of Third Party Originations, Kyle Keagan, shares his Hawaiian Poke Cup recipe. In less than 20 minutes, you can make a creative appetizer that everyone will be raving about!
12 wonton wrappers
sea salt, to taste
1 lb. Ahi tuna, sushi grade
¼ cup soy sauce
2 tsp. sesame oil
¼ tsp. crushed red chili flakes
2 tsp. macadamia nuts
¼ tsp. rock salt
½ sweet onion
1 green onion
1 tsp. ginger
Coat the wonton wrappers with olive oil and place in muffin tins. Bake at 350 degrees for 8 minutes (or until browned). Sprinkle with sea salt and set aside.
Cut yellowfin tuna into ½-inch cubes and place into a bowl. Grate the ginger and dice the sweet and green onions. Once cut, add to the bowl of tuna.
After mixing, add the soy sauce, sesame oil, chili flakes, macadamia nuts, and rock salt. Combine until fully incorporated.
Spoon mixture into each wonton cup until full. Sprinkle each cup with sesame seeds and serve.
The Millennial generation has a considerably more challenging road to homeownership in large part to increased student debt and challenges with credit. Oftentimes, Millennials looking to buy their first home are under the impression that it’s not possible and choose to rent instead. However, by following these 5 buying tips, the Millennial generation can make the goal of owning a home a reality.
1.) Stay Within Budget
It can be easy to get caught up in a passionate bidding war when you think you’ve found your dream home. Unfortunately, this often happens to first time home buyers who forget to stick to their budget. Once approved for a mortgage, and a downpayment is calculated, it’s imperative to stick to those numbers and not offer more. A real estate agent can run comparables of homes in the area you are looking at and help determine a reasonable offer.
This might seem like an obvious tip, but for Millennials, it’s crucial. With surmountable student debt, high credit card bills, and the overall cost of living, saving is often easier said than done. However, by determining the cost of your potential down payment, even setting aside a small amount each month over time will help you reach your goal of owning a home within your set budget.
3.) Get the Help of Professionals
It might seem tempting to take on the homebuying process on your own, perhaps with the idea of saving a little money in mind. In reality, enlisting the help of a loan officer and a real estate agent can save you a lot of headaches down the road. When it comes to any complicated closing issues, or language in contracts that might be confusing, you’ll be thankful that you have the help of people familiar with the process.
4.) Find Who You Like and Who You Know
Building off of the last tip, there are many professionals you can choose from to help you. Make sure that you are comfortable with who is helping you buy your first home. Take the time to find somebody you can trust and can communicate well with so that your needs and goals are being met throughout the entire process.
5.) Consider Doing it Yourself
It is a great idea to have an idea of what home repairs and projects you are willing to take on yourself as a new homeowner, and which you would want a professional for. In addition, which projects would give you more return on your investment should you decide to sell later on. By doing this, you’ll be sure you are submitting the best offer on the home you want and hopefully will minimize and surprise expenses down the road.
Independence Day kicks off the season of summer celebrations. From BBQ recipes, to decor ideas, to heartfelt ways to celebrate the meaning of the day, we have highlighted a few articles to help you make the most of the 4th!
Food and Drink:
15 Best 4th of July Appetizers for a Classic American BBQ
Fun and Festive 4th of July Recipes
All-American 4th of July BBQ Recipes
26 Red, White, and Blue Cocktails to Celebrate the 4th of July
22 Kid-Friendly Drinks for Your 4th of July Party
22 Easy 4th of July Crafts That Celebrate America
30 + Patriotic 4th of July Decorating Ideas
Star-Spangled 4th of July Party Decorations
9 Fourth of July Activities That Will Make You Feel Extra Patriotic
15 Ways to Celebrate 4th of July for Under $10
Have a Blast: Family-Friendly 4th of July Activities
No matter how you choose to celebrate, we wish you a happy and safe 4th of July!
The spring housing market tends to be the busiest and most popular time to buy a home, however the summer months can provide a unique opportunity for those considering a purchase. We’ve highlighted a few of the main reasons why you should consider this summer the ideal time to buy.
Kids Schedule: If you have kids, they are now off from school – this makes it an ideal time to transition into a new home, especially if it involves moving towns or districts. By not disrupting their school routine, your kids may have an easier time adjusting to their new surroundings in plenty of time to start the school year.
Less Buyer Competition: Many people are busy with vacations and parties throughout the summer and therefore less focused on buying a home. By starting your search during these months, you’ll be up against less competition from other buyers and are more likely to snag the home you really want; maybe for less money than you would during more competitive seasons.
Spring Surge Brings Lower Prices: Any homeowner who listed in the spring market and has not sold their house yet will most likely be looking to reduce the price. If you can find a home that does not need a lot of repairs, it could be a great opportunity to buy for less than you would during another season.
Checking Out the Neighborhood: With school out and family schedules being less hectic, you will likely see more activity in the neighborhoods you are looking at. The summer months provide a good opportunity to see a community in action and thriving with different activities. Having a sense of the area will help solidify your purchase decision.
While there are benefits to buying in all seasons, the summer months are an ideal time to start the search for your dream home!