Thank you so much for your support and encouragement in 2010 - we are very much looking forward to continuing to offer great value to you in 2011!
Be watching for a small "Thank You" gift from us to kick off your New Year. We hope you'll find the ideas below helpful as well.
As always, we look forward to hearing from you!
Twila C. Glenn, Realtor
Sunada Roberts, SRES, AHWD, Realtor
Launching Buyer and Seller Education Opportunities in 2011!
Part of our vision is to be "Educating Home Buyers, Sellers, and the Community." We are kicking-off the year already with a host of educational workshops scheduled at various locations throughout the greater Harrisburg region. We would love to see you at any of them!
Or check out these short Buyer Education videos from the U.S. Department of Housing and Urban Development, now available on our website!
Many people spend their income without any planning and end up broke
Then, they borrow to make ends meet and wind up with more problems because they
fail to repay their debts promptly. Obviously, this is not a prudent way of
managing your personal finances. Planning your financial affairs by
prioritizing your needs and budgeting income and expenses is the best way to
achieve financial success.
It is important first to assess your financial needs.
What are your financial objectives? What do you want to achieve in the course
of time? Do you have any targets? What are your short, medium and long term
needs? List all of them down.
Next categorize income and expenses on a monthly basis. Then prioritize
expenses into least important, important and most important. After this, assess
costs based on consumption per month.
Put figures to the expense items. Then write down your income sources and the amount
you earn per month from them. List the income on the left and the expenses on
the right. Add up income amounts against expense amounts and find the
difference to determine surplus or deficit.
Once you have added and reduced items and figures several times and you are
finally satisfied with the results, type your figures into a computer
spreadsheet or word processor table and save it. To make it work successfully
for you, you must vow to stick to the budget. Any deviation must be absolutely
necessary and funds should be made available separately to meet the extra
expenditure. Where no funds are available, some cutbacks or borrowing from
other expenses may be necessary. This should always be the exception, and never
If we could, most of us would want to spend more and more irrespective of our
financial ability. However, arbitrary unbudgeted spending is generally
hazardous to our financial health!
Ways to Save Money
(Without Really Trying)
Never go grocery shopping without a list.
Avoid buying non-food items such as laundry detergent, shampoo,
napkins, and tissues at the grocery store. Usually you can get these items
much cheaper at warehouse or discount stores.
To save money on mileage as well as your time, pick one day a
week to do all of your shopping and errands.
If you have the storage space, stock up on staples when they are
See movies in the afternoon when prices are often cheaper.
Go out to eat for lunch instead of dinner.
Visit the library and borrow books and videos for free.
Plan a picnic in a scenic areas for a low cost outing.
Look for coupons in the paper each week for restaurants and save
them in a folder for future use.
Develop inexpensive hobbies such as bike riding or hiking that
allow you to get exercise and fresh air.
For vacations, go camping instead of staying at hotels.
If possible, travel off season when the rates are lower.
Buy airlines tickets in advance and pay for them right away.
If you delay, the price will usually increase the closer it gets
to your trip time.
Expect the Unexpected
Tracking your expenses for a month is a great way
to identify routine expenses. However, life is not routine. Prepare for the
unexpected. Here are a few examples of unexpected or unusual expenses. Set
aside a little every month to spend on these events.
You'll need to examine your own life to make a complete list.
Change in Life Expenses
Weddings & Baby Showers
Holidays & Birthdays
Home & Car Repairs
10 Tips for Creating a Household Budget
Goals can be as short-term as buying a new pair of shoes next week, or as
long-term as going on vacation next spring.
INVOLVE YOUR ENTIRE HOUSEHOLD
If it's just you, great. But if you have a spouse and/or children, create a
budget together, and explain to everyone that they may be asked to make sacrifices.
BUDGET IN FUN
A budget that leaves no money for an occasional dinner out or for a family
outing at an amusement park is designed to fail. Your budget should help you,
not put you in a bind.
MAKE THE EFFORT TO SAVE
Most people look at saving as putting away money for a rainy day. But a better
way to look at it is putting away money for a nice vacation.
If you don't know where your money goes, how do you expect to manage it?
DISTINGUISH BETWEEN WANTS AND NEEDS
Buy what you need first. The wants belong in the "what's left over"
Look down the road, and get into the habit of thinking ahead.
GET RID OF HIGH-INTEREST DEBT
Focus on identifying high interest-rate debt and work on paying that debt off.
FIND A SYSTEM THAT WORKS FOR YOU
It could be the envelope system, a bank or a credit union. If it works for you,
STICK TO IT
Creating and sticking to a budget that works won't be easy, but in the end it
will help you make the most of your hardearned money.
"We delight in the beauty of the butterfly, but rarely admit the changes it has gone through to achieve that beauty."
If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed.