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Budget-Busting Bad Habits You Need to Break

Oct 08, 2015
We all have bad habits. Some of us stay up a bit too late each night. Others work too much or snack when they aren’t hungry (guilty!). Some bad habits are small and relatively harmless, while others can affect your health or well-being a great deal. But some of the worst bad habits don’t necessarily have to do with health– they have to do with finances.

Think about the way you spend money. Do you follow your budget perfectly, spending only as much as you make and saving an ideal amount each month? If so, you’re a financial wizard and don’t need to read any further.

If not, you– like most of the rest of us– have at least one bad financial habit that could be broken. Here are some of the most common budget-busting bad habits you should try to break as soon as possible:

Dipping Into Savings
Living paycheck to paycheck is no easy feat. It takes a serious commitment to create a budget and stick to it– something not everyone is great at. Some people find the lifestyle easier than others, but inevitably, no matter how good you are at it, you’ll need to dip into your savings at one point or another.
You have money saved up for a reason, so if you’re withdrawing from savings for an emergency purchase or an unexpected necessity, that’s one thing. But if you’re taking money out of savings because you ran out of money and there are still a couple of days until your next paycheck, that’s different. The worst part about this practice? It’s one of the hardest bad habits to break once you start. Do your best to stick to your budget and avoid that slippery slope altogether.

Embracing Credit a Little Too Much …
Similarly, many people lean on their credit cards when they’re earning a starting salary. While credit cards are useful tools, maxing them out is a financial burden you want to avoid as much as possible. And the more you spend on your credit card, the longer it will take you to pay off the balance, which means you’re basically throwing money away for the interest you’re being charged.

 

If you know you’re likely to get into bad credit habits, force yourself to spend only as much as you can pay back right away– that way, you’ll avoid debt.

… And Paying the Minimum
Don’t forget that if you do have more on your credit card than you can pay back immediately, it’s a bad idea to pay only the minimum required each month. As bad habits go, this one is costly.
Think of it this way: If you pay twice the minimum payment each month, you’ll pay a fraction of the interest you would have. That could mean saving hundreds!

Failing to Account for Smaller Purchases
Are you a coffee-shop-before-work-every-day kind of person? Or someone who would rather buy lunch than bring it from home? While these things may be delicious and convenient, they’re certainly bad habits that could be costing a lot of money.
Even if you buy a simple black coffee every morning for a year, that’s a good $500 or $600 down the drain– a more complicated drink makes that total skyrocket. Though the purchases may seem small at the time, make sure you’re keeping track of every last penny spent. And if you need to, cut down on those small expenses.

Grocery Shopping Without a Plan
Buying groceries rather than eating out for every meal is a great way to spend money. However, grocery shopping can be a source of money-related bad habits. For one thing, many people spend more than they budget on impulse buys (like those frozen taquitos that are on sale). Avoid this by making a list before heading to the store and buying only what’s on it.
Another common grocery shopping issue? Buying food you won’t eat before its expiration date. If you notice yourself throwing away food from your fridge regularly, you may need to start planning your meals and grocery shopping a little better.

Emotional Buying
When I have a bad day, nothing makes me feel better than a quick shopping trip or drowning my sorrows in Thai food (crab rangoons are my Achilles’ heel). But as good as emotional purchasing may feel, it’s hard on your bank account.
Limit these expenditures when possible, or work them into your budget if you know you’re in for a stressful week or month.

Paying Bills Manually
Believe it or not, if you’re still paying your bills yourself each month, you may be costing yourself some money. Between rent, electricity, cable, Internet, gas, and everything else, keeping track of bills can be tough– and not keeping track carefully enough can lead to expensive late charges.

Automate as much as you can. You’ll avoid late fees, but you’ll also find you’re less stressed about bills each month.

Source: apartmentguide.com ~ by Lindsay Smith

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14 Mar, 2016
Getting ready to move away from home and into your first apartment is super exciting. However, it can also be incredibly intimidating. After all, renting an apartment is a pretty big deal, and there are a lot of things to consider. Even people who have rented before can get caught up in the process of finding a new place – when it’s your first time, there can be enough new information to make your head spin. Here are 11 things to think about during your apartment-hunting process that will, hopefully, make the whole thing much easier: 1. Upfront Costs Even first-time renters know they’re going to be responsible for their monthly rent, but it’s easy to forget about the upfront costs of renting an apartment if you’ve never done it before. In addition to the monthly costs of apartment living, you’ll almost always have to pay up before you move in – often, before you can even sign the lease. Plan ahead to avoid new-place sticker shock. Nearly all apartment companies will require that you pay a security deposit before you move in. This protects the landlord in case you trash your apartment and skip town. As long as you don’t do that, you should get it back once your lease is up. In addition to the deposit, you may have to pay application fees, or even one month’s rent, before you can get settled into your new place. 2. Long-Term Costs Rent isn’t the only thing you’ll have to pay month-to-month, either. You’ll also have to pay for utilities like heat, gas and electricity. Different buildings have different rules about what you’re expected to pay and what is covered in your rent. If you need to pay for it, you’ll also need to set it up – be ready to reach out to utilities companies to get the services put in your name. Don’t forget renter’s insurance! Some landlords actually require tenants to get a renter’s policy, but you should whether it’s mandated or not. Insurance policies protect you in the case of accidental damage, theft, and disaster. It usually doesn’t cost all that much per month, so you should definitely fit safety net into your budget. 3. What You Need Furnishing a brand-new apartment is super exciting, and you’re probably full of ideas about how you want your new place to look. Before you go wild with your decoration schemes, however, you must make sure you have the basic furniture you’ll need to live. Eating take-out on the floor feels very cool and devil-may-care … for about a day. After that, you’ll wish you had a table. Here’s a quick list of the basic furniture you’ll have to bring in: A bed, a couch, a table, and some chairs. In addition, there are little around the house items you probably won’t have, but will definitely want. These include things like towels, shower curtains, and utensils. Cookware is a must, as well, unless you want to be perpetually tied to delivery and carry-out food. 4. What You Don’t Need You might be tempted to take every little knickknack and item you’ve ever collected with you to your new place. Although this might make your apartment feel well-stocked early on, you’re sure to regret it once you start actually decorating. All the junk you’re packing up now will feel like a complete pain when it gets in the way of having a tidy, put-together place. Instead of moving everything from back home with you when you head into your first apartment, use moving as a chance to purge. Have an honest conversation with yourself about whether you’re holding on to items because they’re useful, or because you’re reluctant to let go. Donate, throw away, or recycle anything you don’t really need – you’ll be glad you did down the line. 5. Lease Terms A lease is often the first legal document a young adult encounters. Although this does make the process a little bit stressful, it also makes it great practice for other contracts later on in life. Learning how to read complicated legal text is a valuable skill, and skimming your lease is an awful idea. Carefully read the entire document, and don’t be afraid to ask questions if there’s something you don’t understand. If you want to be extra certain about the lease before you sign it, ask the landlord if you can have a few days to look it over. Then ask someone you trust, like a family member or experienced friend, if he or she can look it over with you. If anyone in your life is experienced with legal matters (particularly housing issues), they should be able to help you fully understand any confusing clauses. 6. Roommate Worries If you’re moving in with roommates, make sure everyone you’re going to be living with is signing the lease. One or more roommates avoiding the lease spells out bad news later on – if they stop paying rent or decide to up and leave, there’s nothing you can do except pay on their behalf. If you’re thinking of living with someone who refuses to get on the lease, pick a different roommate. 7. Pets Bringing a furry friend with you to your new place? Make sure you talk to your landlord about your pet – or pets – before you sign the lease or move in. Even if you know your building allows pets, it might have restrictions about weight or breed. In addition, most pet-friendly buildings require you to pay a pet deposit, or add an extra pet fee onto your rent. In addition, make sure your apartment has plenty of room for Fido or Felix. If you’re bringing in a dog with lots of energy, it will need plenty of room to run around, and to be exercised outside regularly. Even cats call for extra space – have a plan for where you’ll put things like food, water, and the litter box before you decide on a unit. 8. Location, Location, Location Before you pick an apartment building, make sure you’ve given real thought to where it’s located. Ideally, you’ll be close to all of the essential shops and services you’ll need, like grocery stores and restaurants. How close depends on your lifestyle. If you’re comfortable driving most places, within a couple of miles should do. If you’d rather walk, try to make sure you’re no more than a mile away from the important stuff. 9. Moving Plans Moving is hard work, and you’re probably not going to be able to do it on your own. If you have a lot of friends who are free on your move-in date, ask them if they’d be willing to help you haul your stuff into your new place. This is going to be your cheapest option – traditional friend payment is pizza and beer, and the promise to help out next time they move. If your friends are busy, you may want to look into hiring a moving company. The great thing about these services is that the movers are professionals who have done this a thousand times before, so they’ll know exactly how to load the truck and handle the boxes. These may seem like small details, but they’ll dramatically reduce the time it takes to pack up your stuff and get it into the new apartment. 10. Organization Unless you’re moving into an apartment with an abundance of closet space, you’re probably going to need to come up with your own storage solutions. One of the very best things you can get is under-bed storage bins. As the name suggests, these slide neatly beneath your box springs and live totally out of sight. This is the perfect place to store out-of-season clothes and other small items. If the storage can’t be hidden away, try to find things that look good. One cool way you can sneak storage into your decor is to use on old trunk for your coffee table. It will look totally cool, and you can use it to store away infrequently used items. Bookshelves work well for storing things that are decorative on their own, like figurines, ornaments, and, of course, books. 11. Decoration Scheme The earlier you decide what you want to do, decoration-wise, the easier the process will be. There’s no better time to decorate an apartment than when you first move in – all of your stuff is already out of the way, and you still have all the freedom to sort your items the way you’d like. Unpacking things into their proper place is way easier than moving them later on. Take a look at different design schemes to build some inspiration for your new place. Do you want something rustic and earthy, or sleek and modern? Make lease-friendly changes before you unpack all of your stuff, so you don’t have to deal with a bunch of little items while you’re decorating. This way, your place will look like home as soon as you’re done unpacking.
29 Feb, 2016
The bed is one of the most important spots in your home, and spending time making it look a bit more luxurious is a benefit to both your bedroom decor and your mental health. That said, buying beautiful sheets, comforters and pillows can add up and might feel like something you should skip when you are on a tight budget. But, your bed doesn’t have to be basic. Here are some thrifty shopping and design tricks to help you dress a bed on a dime. Look for printed sheets and pillowcases when you thrift I’ve always loved the retro patterns and floral prints that only an eagle-eyed vintage store shopper can find. Many thrift stores don’t often carry a lot of bedding, so you might have to take the time to dig in a little deeper, but you can sometimes stumble on some surprisingly cool designs that will be just the unique detail your bed needs. Or, you could find good quality secondhand plain sheets and pillow cases to experiment with the next suggestion. Add a DIY detail You don’t necessarily have to learn how to monogram to customize your bedding. There are a lot of creative small things you can do to make your bedding unique and luxurious. You can add ribbon or other trim to the edges and surfaces of sheets, blankets and pillow cases to give them a personal touch. Try your hand at simple embroidered motifs or stamped designs. Stitch on tassels or pompoms. No matter which style direction you take, you can add a lot without spending a lot. Focus on the top layer while bulking up with basics Sometimes when a bed feels a little naked and less than luxurious, it’s just too flat or skimpy. You can easily fix that by layering in more basic elements, some that you might already own. Use extra older or inexpensive filler pillows to prop up newer, fresher prettier pillows to add structure and better show off the attractive ones. Fold and layer less decorative blankets and comforters under the prettiest topper to give your bed some bulk. Let the headboard be the show Sometimes a well-dressed bed is one of simplicity when you’ve got a statement-making headboard, which is often just a quick, affordable DIY away. Shop sales with an eye to alter If you know how to sew, shop bedding sales online and in stores with an eye to potentially alter them. For example: two or three different color twin size clearance sale bargain blankets could be cut up and restitched together to create a custom, color-blocked cover for your king size bed.a
16 Feb, 2016
“Can you hear me?” “Can you hear me now?” If most of your cellphone conversations begin this way — or if you’ve taken to hanging out a window just to get a signal — you’re not alone. Spotty cellphone service can be especially frustrating when you have full bars in your building’s lobby or hallway but one measly bar as soon as you set foot inside your home. It turns out, there are good explanations for why this occurs (no, the cellphone gods aren’t trying to punish you for posting too many selfies) and solutions that renters can easily implement. Here’s how. Cause #1: The position of your building’s cellphone antenna “Cell carriers in all major cities position their cell sites close to the ground because that’s where most of the people are,” says Graham Caparulo, principal consultant for Diligex, a New York, NY–based managed IT services provider. “On the corners of buildings, you’ll see them 20 to 30 feet up, and they’re angled toward the street.” That doesn’t do you much good, especially if you live on the 30th floor of a high-rise. Cause #2: Building materials can block radio signals Tinted windows (especially the ones found on “green buildings”), concrete, and metal all interfere with cellphone reception — which is why you can often get more bars if you hold your phone out your window or step onto a balcony. Cause #3: You live in a densely populated area Have you ever noticed that your service is slower at night or on weekends, or when you attend a packed basketball game? The more people using a network, the slower it runs. (Kind of like the lines at your favorite coffee joint now that word about their croughnuts has gotten out.) “Each cell tower only has limited radio channels it can use,” says Caparulo. “When it’s full, you’ll have bars but can’t make a call or use data.” Solution #1: Invest in a cellphone booster “Invest” is the right word here, because a cell signal booster will typically set you back between $400 and $1,000. (WeBoost is a popular option.) “A traditional cell signal booster takes in a signal on one end, amplifies it, and spits it out on the other end,” says Caparulo, who cautions that you have to have a good signal to work with in the first place, which may mean putting the booster’s antenna outside your window — a no-no insome apartment buildings. Also, cellphone boosters need to be registered with your cellphone carrier, and the company has the right to withhold its consent for usage, especially if you live in a heavily populated area. Solution #2: Enlist a femtocell “A femtocell, also called a microcell, basically uses your Internet connection to back up your cellphone,” says Caparulo. The device plugs right into your modem or router and uses your Internet connection as a cell signal booster. The only drawback is that typically you have to buy the device directly from your cellular provider, and they cost around $150 to $200. (Note: Some consumers claim to have gotten one for free after lots of complaining.) Also, femtocells work only with your specific provider, so if you have AT&T and your roommate has Verizon, their phone may still struggle to get a signal in your apartment. Solution #3: Enable Wi-Fi calling on your smartphone This feature, available on the iPhone 6 series and many Android phones, allows your phone to use your in-home Wi-Fi connection to make calls. (On the iPhone 6, go to “Settings,” then “Phone,” and it should be the first option.) AT&T, Sprint, and T-Mobile all support Wi-Fi calling — and Verizon has recently begun rolling it out. Not all phones can use Wi-Fi calling, however, so you’ll need to check with your carrier to find out which devices are compatible. Source: Forbes.com ~ By: Trulia
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