Budget

Owning a home can be expensive. Beyond just the mortgage payment and utility bills, you are financially responsible for any and all maintenance and repairs. And the cost of hiring a repair person does not always come cheap. Being a new homeowner is already a steep learning curve, but it may save you money in the long run if you commit to learning a bit about how to keep up with your maintenance needs.

Earning extra money on the weekend can support your monthly outgoings and generally make your life more comfortable. Here are eight ways to make the most of your days off and turn downtime into a productive money-making exercise.

Play at online casinos

Not many pastimes provide endless entertainment with the bonus of potential winnings, but that’s what you could experience during a weekend of playing casino games. By logging onto the Best NJ Online Casinos, you can access a range of slots, table, and card games. With just a small deposit and a modicum of strategy, you could become a winner from the comfort of your own home.

Monetize a hobby or skill

“Find something you are good at and get paid for it” is one of the most popular career-oriented quotes, so why not look at monetizing one of your hobbies during days off. For example, if you have a passion for photography, you could start taking pictures for friends and family or local events and build a portfolio. That might then bring you commissions to provide some extra income.

Tutor students

You can also turn your expertise into earnings by offering tutoring lessons at an hourly rate. If you find that you have an aptitude for teaching, you could then start building a network of contacts and schedule tutoring lessons during your days off.

Host a garage sale

There will always be someone willing to buy your old clothes or furniture. Collect everything in your home that is lying around and no longer being used and store it in boxes with the view to hosting a garage sale on the weekend. You could also promote the sale on social platforms to attract local people.

Rent out a room

Depending on the size of your home and its location, you could turn a spare room into regular paying accommodation by listing it on Airbnb. It is an excellent option if you are in a popular tourist area. You could also rent out your home if you are going away for the weekend.

Complete online surveys

Data is a primary asset for modern businesses, especially information about consumer habits and behaviors. You can get paid in your spare time by signing up to survey sites and completing eligible surveys. Just by answering a few questions, you will earn points that can be exchanged for cash.

Sell printables and custom clothing

Online platforms such as Etsy are great for earning extra money during your spare time, especially if you have a creative side. One of the most popular money-making schemes is centered around Etsy printables,custom-made calendars, and planners. You could also come up with your own designs for t-shirts and sell them online.

Be a direct sales vendor

You can supplement your main job by working as a direct sales vendor on your days off. Several companies need people to sell their products directly to local customers. You can get started by signing up as a consultant and going door to door or hosting small parties to earn extra income.

Getting started with real estate investing is a perennial hot topic for beginners. There are plenty of resources that suggest that there is a simple answer. It isn’t like that in the world of real estate investing.

You need not unnecessarily worry about the same, however, as this post will provide you with essential pointers as to what you need to know and reference from the internet before you get started. While it is not a manual, it should serve well to acquaint you with what you must know. What are you waiting for the prospect of financial prosperity awaits us!

Essential Terms and Concepts

If you are thinking about productive real estate investments, you first need to get acquainted with the terminology associated with the topic. You will get plenty of web resources that will help you with that. You can learn and add to your base of information through a wide variety of ways.

Pick Your Niche and Strategy

You are free to approach investing in real estate from a variety of angles with suitable strategies to back them up. You should note that focusing on particular topics will serve to build your expertise and make you a better investor. You should do due research on the different niches available for investment and the strategies that let you get maximum returns.

Create A Business Plan For Your Investment Venture

As we all now, castles of sand, as well as glass, are entirely temporary and subject to damage. A business plan is the exact foundational strength that your real estate investment needs. By developing an effective business plan for your investment, you greatly enhance your chances of creating sustainable businesses for long periods. It is of immense help in letting you overcome the storms that you will eventually encounter while you try to build your investment business.

Ascertain Which Properties Are The Best

When it is finally time for you to go through with your first real estate investment decision, you want to avoid paying excessive amounts while at the same time investing in the property of the right type. You can find out more on this property section via several online resources to get familiar with investment specifics. They help you choose the criteria by which you should base your investment decision making.

Getting Funds For Your Investments

How you pay for your real estate investment is a critical factor that ultimately determines to a great extent the eventual success or the lack of it in your venture. There are a good many numbers of financial tools that you may use to finance your real estate investments. These tools remain relevant as long as you are in this particular business.

Getting Proficient In Marketing For Your Investment

Besides your core area of expertise in real estate investment, another skill set that you will undoubtedly need is marketing. You simply cannot wait for buyers to come across your real estate property. If you make this mistake means you are setting yourself up for some serious financial disappointment.

You need to use the right marketing program after allocating the resources it requires. Keep in mind that marketing is often a make or break factor, so pay adequate attention to it.

It is only prudent to have realistic expectations from your real estate investments. Needless to say, it is even wiser to do due and diligent research before spending a single cent on any type of real estate property.

wooden fence

Did you know that the top reason that people add a fence to their home is for security? If you are planning on installing a new fence in your own house but are wondering “how much does it cost to put up a fence?” you are in the right place.

Keep reading to learn more about what you can expect to pay.

How Much Does It Cost to Put Up a Fence?

The truth is that it varies but, the average cost is between $1,646 to $3,995. The factors that will decide your final cost include how large your fence is, the material you choose, and the height that you want.

The key is to have a reputable professional put up your fence to make sure that you have everything in order when it comes time to build. You can click here if you need help finding someone with experience.

Wood Picket

If you opt for a traditional 4′ wood picket fence you can expect to pay between $5 to $15 per foot on average. This choice is a great one if you are looking for a decorative fence but it is not the best when it comes to privacy and security.

You can choose to leave the wood in its natural color or you can stain or paint it whatever color you choose.

Wood Privacy Fence

If privacy is what you want then a 6′ wood privacy fence will cost between $8 to $16 per foot. The price will depend on the style you choose and the type of wood.

You have solid board, stockade, and shadowbox to choose from.

Vinyl Picket Fence

If you choose a 4′ vinyl fence you will pay between $25 to $35 per square foot for installation plus the materials. This is a more popular option than wood because it is maintenance-free.

Although it costs more than wood, you will save money over time on staining and painting it when it comes to maintenance. Vinyl is another popular option because it is not prone to rotting like wood.

If you want a 6′ vinyl fence the price will be between $30 to $55 per square foot to install it.

Aluminum

This fence type is also very durable and will cost between $20 to $45 per foot. The great thing is that once the fence is up it will last you a lifetime because it is not prone to rust.

If you are looking to add more security to your home then aluminum is the route to take.

Ready to Put Up a New Fence?

Now that you know how much does it cost to put up a fence, you can make an informed decision on what type of fence you want to install in your house. After you choose the material it is time to find an experienced fence contractor to get your new fence up.

Did our blog post help you today? Feel free to browse around for some more helpful reads.

Kitchen remodels a significant investment for your home, and renovations can range from $10,000 up to $50,000 or more. If you are looking for a modest repair or total upgrade, you need to understand the budget for your kitchen renovation. Below are five tips for investing in your kitchen.

1. Determine Your Max Budget and Stick to It

Before beginning your kitchen renovation, you need to make sure you know the total amount you can spend. Everyone has a Pinterest idea of their dream kitchen, but you also need to be honest about how much you can afford on the kitchen upgrade.

If you have plans to sell your home in the future, your renovation should be focused more on an investment, which means that your budget for your renovation should accommodate items that will give you the most significant return on investment.

To stick to a budget, you need to thoroughly plan and be prepared for the unexpected that can happen, such as asbestos or lead, which need to be tested and carefully removed.

2. Do Your Homework First

Kitchen renovations can be complicated, and there are many questions you will need to ask before getting started, such as:

• How do you plan to use the kitchen? Does your family eat out a lot? Or do you love entertaining and cooking? It would help if you designed your kitchen layout for the use of the kitchen.
• How many people use your kitchen at a time? The layout of a kitchen is vital in design and planning. If you have a big family, you want a kitchen that feels open and can accommodate a lot of people gathering around.
• What type of food do you eat? If most of the food you eat is a fresh food, then you do not need a large pantry, you should invest in a larger refrigerator, instead of a bigger pantry.
• What are your kitchen must-haves? You need to know your must-haves, such as a farmhouse sink. You should budget for your must-haves first. Keep a nice-to-have items list in the back of your mind so you can plan accordingly for these items.

If you are making last-minute changes during the renovation, you will quickly increase the cost of your kitchen remodel. It is important to have a good plan and research layouts, material, etc. to be more prepared.

3. Choose Your Materials Wisely

Choose the materials on your own. Shop around for your big items that typically cost the most, such as cabinets, countertops, flooring, and appliances.

• Cabinets – pricing for cabinets can vary, its essential to not make rational decisions, take your time to find quality cabinets that are in your budget.
• Countertops – this is another item in the kitchen renovation that can vary greatly. Quarts or granite are extremely popular but are expensive. Shop around for other options that are equally as good but might fit your budget better.
• Flooring – prices range depending on the flooring you want to install or materials you wish to use, such as hardwood or tile.
• Appliances – get quality appliances that look nice, function, without being over the top.

4. Please get to Know Contractor Before Hiring Them

Before you decide on a contractor, you should follow things considered:

• You know the rough layout you want for your kitchen. Email your design to contractors to give them a visual of the work you want to do. Assigning a contract a plan of your design can help with them predicting timelines and giving a more accurate quote on the job.
• You supply the materials. Make sure you have the materials you want to use. Having them beforehand can help with the contractor completing the project on time. Providing your own materials will also save you contractor prices and can help keep your budget down.
• You understand the scope of work. It is essential to know how much work essentials are for communicating with your contractor. For example, you might only want cosmetic updates and do not want to change the layout of your kitchen.

5. Do Some Work Yourself

If you are able, you can help save money on your budget by doing some items in the remodel yourself. Kitchen renovations can be extremely complicated, but maybe save money on the painting by painting walls and trim yourself. Also, look at replacing cabinets or doors, painting, or replacing floors. If you have some experience, these are some jobs you can do yourself to help save money on the kitchen renovation.

Money-related issues are often very important because money runs the world. Money gives the power to do and undo virtually everything in the world. However, you would need to have enough of it for everything you want to achieve with it. However, this is often not the case as we are capable of spending millions every single day but only capable of making between tens and hundreds per day in most cases. Fortunately, it is possible to keep money by saving and grow money by investing.

What is Savings?
Savings is the act of keeping aside a particular amount or percentage from what you make intending to keep them for emergencies, future use or for use after retirement. Savings are important because they come in useful whenever we suddenly need money to take care of a problem. With savings, it would be possible to easily sort them out as opposed to looking for where to urgent raise money or loan money. You could get interested in money saved when you put it in a fixed saving account in the bank. However, the interest is often minimal and just a little percentage of the money saved. This is why investment is often encouraged.

What is an investment?
Investment entails the act of putting some money into a venture that is expected to yield money. There are many options for investing money. Money could be invested in other businesses that need financier in exchange for a percentage of the profit. Money could also be invested through finance companies that help people invest money and pay them back their capital along with some profit as agreed. However, things might not always go as smoothly as the finance companies could sometimes lose the money and would find it difficult paying back the money. This is why it is important to read customer reviews related to finance to know which companies have a track record of keeping to their promise and those that have a track record of helping their customers lose their money.

Why you should invest?
Investing allows you to make more money compared to when you save. With some investments, you could continue to make profits that could be transferred to your heirs for as long as the company continues to exist. The right investments are easily the easiest way to grow your money and become financially independent. With multiple investments, you could have multiple streams of income, whose proceeds you can channel into other types of investment. After some time, you would find out that you are making enough to sustain you for the rest of your lives.

Which is better: Saving or Investing
Saving and investing both have their advantages and their disadvantages. Saving allows you to keep your money such that you have a little amount added to it as interest and you can access it at any time. Investment, on the other hand, gives you the chance to make much more money, you cannot get instant access to the money and you might even lose the whole money. Thus, it is important to save and invest at the same time. If you have decided that you are going to be saving a particular percentage of your money, you could further divide that percentage into two. You can subsequently save one part in a reputable bank and invest the other. That way, half of it will be safe while the other half will go into other investments with the hope that they would also yield as they should.

Purchasing your first home is one of the most exciting events of a person’s life. But it can also come with some new responsibilities. One of the most important is choosing and purchasing a home insurance policy.

If you are about to become a first-time homeowner, you may not understand what an insurance policy covers. Read on to learn about home liability insurance, and how it differs from regular property insurance.

What Insurance Does

Just like when you get automobile insurance and health insurance, home insurance protects you — and your finances — in the event of a problem. For example, let’s say a tornado rips the roof off your house. Or there’s a fire that destroys your kitchen. In both these cases, homeowner’s property insurance will cover the cost of repairing the damage.

Most standard insurance policies will also pay for you to stay elsewhere while your home is being repaired if it is unliveable following the disaster.

But because your home is a place where friends and family can visit, you need additional coverage. That’s called home liability insurance.

Home Liability Insurance

This type of insurance is a little different. Its purpose is to help you in the event that someone gets injured while on your property. It may also cover damage to another person’s property that is caused by you, your family, your pets, or an object on your property. Let’s take a look at each type.

Personal Injury

A guest attending your annual Backyard BBQ Bash and Potato Salad Cookoff trips over a grill and breaks her leg. Or your sister-in-law slips on a loose throw rug and falls down the stairs, causing a concussion. Lastly, what about if a door-to-door salesman is bitten by your vicious teacup poodle?

In each of these instances, your insurance will cover the costs related to the victim’s medical treatment. Or, if they decide to bring a lawsuit against you, your coverage will extend to your defense costs to protect you from these liabilities. The insurance company will even assign you an attorney.

Damage to Another’s Property

A good example of this type of incident is your son’s errant baseball crashing through your neighbor’s window. Or maybe a big windstorm has caused that old maple tree of yours to fall — and crush the fence next door. The insurance payouts to the people whose property has been damaged can help you avoid a costly and emotionally difficult lawsuit.

Host Liquor Liability Insurance

Here is another common type of home liability insurance: liquor liability insurance. It is usually included in traditional homeowner’s insurance, but check with your agent to make certain. This covers you if a claim is made that you served alcohol to an intoxicated guest, who later caused an accident and injured someone else.

Why Take Chances?

Home liability insurance isn’t the most exciting purchase you will make. But it is one of the most important. Ensure that you have a “happy ever after” in your new home by taking care of this responsibility.

Looking to save some money after buying a house? Check out the Budget section of this blog for creative ideas!

We all would like to have a little extra spending money. It’s hard out there, after all! Wages aren’t what they used to be, and most Americans are living paycheck to paycheck. You can’t be blamed for looking for a way to make a little money on the side.

There are a number of side gigs out there that can be an amazing way to make a little extra cash. There are so many different side hustles, in fact, that it shouldn’t be difficult at all to find something that’s perfectly suited for you.

Read on, and we’ll walk you through our favorite ways to earn extra money.

1. Start Pet Sitting or Dog Walking

Everyone knows that forming a relationship with an animal can be a pure and rewarding experience. Owning a dog can be a lot of money, time and responsibility. But spending a few hours with one once a week– and they PAY you for it? That’s a dream.

It may sound too good to be true, but pet sitting and dog walking can be a great way to make some extra cash. Responsible pet owners are always looking for help taking care of their animals.

They might need someone to check in on their pets while they’re at work, while they go on vacation, or in a variety of other situations. There are even services you can sign up for that can ping you when someone nearby needs their pet checked on or taken for a walk.

2. Rent a Spare Room

Never use that spare bedroom in the back room of your home? You can turn it into extra income. With Airbnb and other such services becoming so massively popular, it doesn’t have to be hard to find someone willing to pay for your room for the weekend.

Of course, you have to be comfortable with the idea of someone being around your house while you’re there (or while you aren’t). But most visitors just need a place to sleep and will be off being tourists or working for most of their stay.

In terms of the work you have to put in compared to the money you get, this one is hard to beat. All you have to do is set up the room nicely with some quilt covers and you should be good to go.

3. Participate in Some Studies

Data is king these days, and you’d be surprised to know how much people are willing to pay just to get your opinion on a number of things. There are a number of research centers where you can register your information and get notified about paid studies in your area.

While you won’t always be selected for studies, it can pay big for your time if you do. Often, a focus group will have you come in for somewhere between one and three hours. In return, you could be handed anywhere from $100 to $300.

Side Gigs to Make Extra Cash

Everyone could use a little extra cash, and the above side gigs can be the perfect low-stress way to do so.

Need more advice? Check out our budget page for more.

Budgeting and cash flow are topics often broached in the business arena. But these concepts are also useful when it comes to managing your personal finances. But why are they regarded as two separate things? How do they differ from one another? Let’s take a look at Cash Flow first.

Cash flow means precisely what it says – the flow of your cash. Just like the moon and the tides it waxes and wanes – changes from high tide to low tide dependent on at which point in time you look at it.

High tide is when you have plenty of money- usually, once your wages have been paid. Then there are all of the outgoing cash transactions, each of which decreases the amount of money you have left, as high tide becomes low tide.

A cash flow record is an early warning system

Compile your cash flow record in strict chronological sequence. By doing this and including all money transactions both in and out and extending the record forward by forecasting what will happen in the future, you will get a reasonably accurate picture of your personal cash flow. You can then use it to spot any problems that might be looming up in the future.

A budget is similar to cash flow in one way. It too should include all of your outgoing cash commitments. It doesn’t necessarily have to show your earning income, but it must show all of your forecast outgoings.

The importance of capturing all of your planned expenditure

The job of a personal budget is to capture and add up all of your expenditure. It is, of course, essential to include everything you expect to have to shell out for.

It should include your grocery shopping, cost of fuel for your car if you have one, and all bills such as electricity, gas, water, and rent, etc. If you have any loan repayments including any mortgage, these too must be included. In other words – your total cost of living.

Some people also include a contingency for unexpected costs. Things like car repairs or having to buy a new pair of shoes for example.

Once you’ve compiled your finite list, you will hopefully have captured all of your outgoings. It doesn’t really matter too much about keeping everything in chronological order because that is the job of a cash flow record.

Completing your personal budget plan

Your budget is not yet complete, however. Yes, you’ve hopefully logged all your predicted outgoings going forward. But the reason for creating a budget in the first place is to help you to manage your money; not just see how much you are spending.

The next stage is to establish what you are spending that money on with a view to controlling your money supply.

Once you’ve stripped out any non-essential expenditure, then you have your budget. You now need to compare it to your earnings to ensure you are not spending more many that you have coming in. You may want to go one step further and trim your budget a little more to allow you to set some money aside as savings regularly.

Budget plans and cash flow logs are complimentary.

The big difference between a budget plan and a cash flow record should now be obvious. A budget is a spending plan. A cash flow log is a record of actual and forecast expenditure.

However, in managing your money supply, both are complementary to each other. Click here If you would like some additional tips and guidance from Wonga on how to get started with using these tools.

Remember that your budget is all about ensuring you are living within your means. Your cash flow is a check that you are indeed doing so and more importantly, that you will continue to do so as long as you stick within your budget.

A cash flow log is an ongoing project. But so too should your budget be. Things change, and your budget needs to reflect any changes. Only when it does so will you stand a chance of controlling your money supply properly.

If you would like further help, why not take a look at the four best South African apps that are being used by many people to help them to get to grips with managing their money?

To read more on topics like this, check out the budget category