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Newsletter Archives

Newsletter - Vol. I - Edition I

Why I recommend the right ARM vs. a Fixed-Rate Mortgage & if a Fixed-Rate, why take a 30 yr. over a 15 yr.
By Greg Hughes

Q. How can I increase my monthly "Cash Flow"?

A. Try to think of your mortgage as a "financial tool" which you should be allowed to control; either to build up your savings, pay off credit card debt, have the ability to reduce your future monthly mtg. payments, or be able to rapidly pay the loan balance off at anytime without having to refinance more...
 

Guest Article:

50 ways to cut cost:

By Liz Pulliam Weston

Lou knows his family is in a vicious cycle with credit cards. He's just not sure how to get out.

Bills and credit-card payments eat up most of the Mansfield, Ohio, family's income, leaving them little left over to pay for groceries and other basics. So they wind up charging more.

"My family has about $12,000 in debt to credit-card companies," Lou wrote in an e-mail. "We want to stop using these cards and get this fixed. But we are 'bridging the gap' with credit."

Like many families, Lou's clan already has trimmed some of the obvious expenses, such as eating in restaurants. But really getting your budget in line may require rethinking just about everything on which you spend money.

Look at the biggies first

The biggest savings often lie in the areas where you spend the most money: housing, transportation, food, insurance, health care and clothing. Here are some ideas for places to look for savings.

Average household spending

 

 

Average income (before taxes)

$51,128

% of expenditures

Average annual expenditures

$40,817

N/A

Housing

$13,432

33%

Transportation

$7,781

19%

Other

$6,153

15%

Food

$5,340

13%

Personal insurance and pensions

$4,055

10%

Health care

$2,416

6%

Apparel and services

$1,640

4%

more....


This Months Tips:

Smart tips for the savvy homeowner:

  • Have you tried baby wipes on carpet stains? They work so well, you'll be wondering why no one told you sooner!

  • Keep candles in the refrigerator several hours before use to slow down dripping and make them last longer.

  • The best was to attack cooked-on spatters in your microwave:  Heat a half-cup of water for two min on high. The steam will soften the food and the mess will wipe right off.

  • To eliminate cooking odors (fish, fried bacon, garlic, etc.) heat white vinegar in an uncovered pot on the stove. (Don't boil.) Remove after 30 min.  The light vinegar smell dissipates quickly, taking odors with it.

  • When run through your coffee grinder, a handful of dried rice will sharpen the blades.

  • After your next party, share flat, leftover beer with your garden; plants love the yeast!

  • Place unusable remnants of soap in a ventilated plastic bag and pact it away with seasonal clothes. This will keep the moths away, and your clothes will smell much better when you take them out of storage.

  • Ants hate anything spicy.  Sprinkle ground pepper, cayenne, even cinnamon, in their path, and you'll stop them in their tracks.

  • Your chimney will stay clean if you throw a handful of salt on the fire.

  • To clean tarnished silverware:  Line a large cake pan with aluminum foil. Fill 8 cups warm water (150 degrees) mixed with 1/4 cup of baking soda.  Lay silverware in pan, and watch the stains disappear.

  • Fill nail holes with a paste from cornstarch and water. Works just as well as putty.

  • Leather needs to breath, so never hang coats or jackets in plastic.  Instead, make a dust cover from a pillowcase by cutting a hole in the top for the hanger.

  • When a wooden door or gates sticks, bring out the hair dryer. By blowing hot air directly on the wood where it's sticking, you'll remove the moisture and the swelling will go down.

  • Squeaky doors?  For a dripless solution, use petroleum jelly on the hinges instead of oil.

  • Simmer a sliced apple and a couple of cinnamon sticks in water on your stove. Your whole house will smell like an apple pie.

 

 


 

 
 

Finding your hidden storage space

By James and Morris Carey

Associated Press

Published in the Resort Homes paper on Oct. 11, 2006

             Looking for extra places to put things?  Your home has all sorts of hidden storage space. 

            Behind your drywall and paneling lie countless hidden spaces nestled between the two-by-four studs.  While some are filled with pipes, wiring, and sheet metal duct work, others are wide open and ready to be put to use.

             The best time to note which are which is when a home or new room is under construction.  Take photos or make diagrams of empty spaces that you can open up and later develop into various types of storage. 

            However, this is only for inside walls, as outer walls use this inner space for insulation.  If your rooms are already done and the walls are finished its not too late.  It just takes a bit more investigation to determine which areas are storage-ready.