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Wednesday, January 15, 2020

Financial Advice From Jason

Money Matters

Money Matters

  • When opening a joint bank account makes sense

    Did you recently get married, move in with a new roommate, see a child off to college or start managing a relative’s finances?The change in relationship dynamics could prompt you to consider tying part of your financial lives together by opening a joint bank account.You might enjoy the conveniences a joint account offers, or you could see it as a symbolic step in your relationship. But before you open a bank account with someone else, consider the potential benefits and drawbacks of the ar...

  • Building a Financial Emergency Kit for your family

    What would a sudden financial emergency be in your life? It could be a storm causing massive property damage to your home. It could also be something more personal, like an accident that would cut off your ability to make a living.Whatever it is, if someone else had to step in to help you in an emergency situation, it's important to have a plan in place so they know what to do.A financial emergency kit is a crucial component in financial planning.

  • Prepare your budget for closing costs when buying a home

    Imagine the frustration that would follow if you spent hours planning and narrowing in on a dream home only to find out that you can’t afford it when push comes to shove.Starting with a price range can help you make the most of your search, but you’ll need to account for closing costs to create a realistic budget.A catch-all for the fees and services that result from the sale of a home, closing costs are generally about 2 to 5 percent of the home’s value when you’re makin...

  • Refinancing your debt could be a good idea if…

    This article is intended to provide general information and should not be considered legal, tax or financial advice. It's always a good idea to consult a legal, tax or financial advisor for specific information on how certain laws apply to you and about your individual financial situation.Have you ever considered how lenders compare applicants? Typically, the lowest rate goes to those who have the highest likelihood of repaying the loan on time.

  • How a little work could lead to over $1,000 in savings

    How long would it take you to earn an extra $1,000?Contrary to what spam and internet ads tell us, after taking taxes and deductions into account, it's not an easy task. But you might be able to save over a thousand dollars with a little work. The key is to decrease or eliminate unnecessary recurring expenses.You can use the savings to build up an emergency fund or invest them for important long-term goals, such as travel or retirement.

  • Food waste is money down the drain

    How many times have you gone to pour milk in your coffee, only to see that the date on the carton was yesterday? Some people will instinctively throw it away, but chances are that’s not what the label is intended to convey. It’s likely a marker for when the food might taste its best, not if it’s safe to eat.By some estimates, as many as 91 percent of consumers may misinterpret food date labels.

  • Practical financial planning for parents-to-be

     Planning for a baby is exciting and sometimes a little frightening for expectant parents, especially first-time parents. The months will fly by and soon you’ll be at home embarking on an adventure along with the newest member of your family. Welcome to the excitement, exhaustion, fascination, bewilderment and love that is parenthood.Along with the joy and fulfillment that a new baby brings, you’ll have new financial responsibilities.

  • Make sure your property’s assessed value is correct

    Some homeowners can’t wait to see the assessed value of their home drop. In fact, they’ll tell you the bigger the drop, the better. Why?

  • Keeping the peace between adult children in estate planning

    When you die, will your kids fight over your money?It's an important question that might be hard to answer now, but parents who devote themselves to estate planning with relevant updates over their lifetimes can potentially keep arguments between adult children to a minimum.As of 2013, American retirees are the sixth most generous in the world when it comes to the amount of assets passed on to family, according to a survey by HSBC, the global British bank.The latest survey, (

  • Resolve to Replace your bad financial habits

    Most people have at least one bad financial habit. Whether it’s impulse shopping, forgetting to pay bills on time or putting off building that emergency fund, balancing what you want to do and what you “should” do is never easy.The new year is the perfect time to identify potential financial weak points and replace bad habits with productive ones.Start by identifying your bad habits. Sometimes a bad financial habit is easy to identify.

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