Five Important Investments for New Home Owners
From Editor: This is a guest post by Ryan Sandberg
Purchasing
a new home is an important and exciting step in everyone's life. You
have finally moved beyond living with your parents, a group of
roommates, or in a cramped studio apartment and are ready to take on the
responsibilities of an adult. Owning your own home is not as simple as
just paying your monthly mortgage bill and mowing the lawn. Many other
factors go into home ownership that are not covered by high schools and
colleges. Here are five of the most important investments you can make
for a new home:
Savings Accounts
At a moment's notice, you could find yourself out of work with a serious mortgage you still have to pay off. Keeping several month's worth of salary in a savings account will allow you to breathe a little easier when financial problems strike. If you are planning ahead for the future, it is important to open an IRA so you can invest in your retirement while still being able to withdraw money in case it is needed.
Insurance
Just like losing your job can be an unseen catastrophe, Mother Nature can pull some nasty tricks out of her bag at any given time. When Hurricane Irene hit the east coast in August 2011, many home-owners had to pay for repairs out of pocket because they hadn't purchased flood insurance. In Joplin, MO, homes were flattened and some people could not afford to rebuild because of a lack of insurance. Purchasing a plan with good coverage and reasonable premiums can save you from becoming homeless during severe weather patterns.
Appliances
In order to properly get things accomplished at home, you are going to need a series of common household items and appliances. Purchasing a washer and dryer will eliminate annoying trips to the laundromat and save you money in the long run. Purchasing new appliances for your kitchen with Power Saver options will reduce your electricity bills. In addition to saving you money, purchasing appliances will decorate your house and fill in empty spaces.
Energy Optimizers
Heating, electricity, and gas bills can start to add up over time. In order to save on your bill budget, it is necessary to install items around them house that will reduce the payments you have to make to utility companies. If you install new windows and doors throughout your home, you will save on your heating bills. Installing light dimmers, timers on your appliances, and unplugging electronics will save you money on your insurance bill.
Pets
If you are moving into a big new house by yourself or with one other person, there is a good chance that that the only company you are going to have at times is the warm glow of the television screen. By stopping by your local humane society, you can rescue an abandoned or stray cat or dog and give it a new opportunity to stay in your brand new living space.
Before purchasing a new house, make sure you have enough money saved for these important addendums to your home-ownership list. Going into a serious investment like this would be ill-advised if you are unprepared and can not afford vital parts to increase your lifestyle and comfort level.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
Purchasing
a new home is an important and exciting step in everyone's life. You
have finally moved beyond living with your parents, a group of
roommates, or in a cramped studio apartment and are ready to take on the
responsibilities of an adult. Owning your own home is not as simple as
just paying your monthly mortgage bill and mowing the lawn. Many other
factors go into home ownership that are not covered by high schools and
colleges. Here are five of the most important investments you can make
for a new home:Savings Accounts
At a moment's notice, you could find yourself out of work with a serious mortgage you still have to pay off. Keeping several month's worth of salary in a savings account will allow you to breathe a little easier when financial problems strike. If you are planning ahead for the future, it is important to open an IRA so you can invest in your retirement while still being able to withdraw money in case it is needed.
Insurance
Just like losing your job can be an unseen catastrophe, Mother Nature can pull some nasty tricks out of her bag at any given time. When Hurricane Irene hit the east coast in August 2011, many home-owners had to pay for repairs out of pocket because they hadn't purchased flood insurance. In Joplin, MO, homes were flattened and some people could not afford to rebuild because of a lack of insurance. Purchasing a plan with good coverage and reasonable premiums can save you from becoming homeless during severe weather patterns.
Appliances
In order to properly get things accomplished at home, you are going to need a series of common household items and appliances. Purchasing a washer and dryer will eliminate annoying trips to the laundromat and save you money in the long run. Purchasing new appliances for your kitchen with Power Saver options will reduce your electricity bills. In addition to saving you money, purchasing appliances will decorate your house and fill in empty spaces.
Energy Optimizers
Heating, electricity, and gas bills can start to add up over time. In order to save on your bill budget, it is necessary to install items around them house that will reduce the payments you have to make to utility companies. If you install new windows and doors throughout your home, you will save on your heating bills. Installing light dimmers, timers on your appliances, and unplugging electronics will save you money on your insurance bill.
Pets
If you are moving into a big new house by yourself or with one other person, there is a good chance that that the only company you are going to have at times is the warm glow of the television screen. By stopping by your local humane society, you can rescue an abandoned or stray cat or dog and give it a new opportunity to stay in your brand new living space.
Before purchasing a new house, make sure you have enough money saved for these important addendums to your home-ownership list. Going into a serious investment like this would be ill-advised if you are unprepared and can not afford vital parts to increase your lifestyle and comfort level.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
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