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How to Prepare Your House for Winter

With cold weather approaching, it’s time to take a couple days and get your home ready for the winter weather. To help you get started, here is a checklist with some of the most important tasks to get your house ready for the snow and cold.

Check for Leaks

In the winter, you want to make sure your home is a fortress. You don’t want any of your precious heat escaping, and you don’t want any of the winter weather getting in. To help you figure out your home’s leaky spots, you can hire a professional to do an energy audit on your home. This is a great option if you don’t have the time, or the desire to climb on your roof.

Windows: Swap out your screen windows for storm windows. During that process, check around your windows to make sure they are well sealed. To help identify small gaps, carefully hold a lit match or lighter a couple inches from the frame of the window. Move the flame around, always making sure it’s a safe distance from surfaces and fabrics, and watch for the flame to “dance.” If the flame moves, there is air movement in that spot. Use caulk to seal around the frame, or use a plastic window insulation kit to cover an entire window.

Heavy curtains will help keep more heat from escaping through your windows.

Doors: Replace your screen doors with storm doors. Again, check the seals during that process. If you can see any light around your doors, you have a significant gap for warm air to escape. Even if you can’t see any light, you still want to check the rubbery weather stripping around the door. If it’s brittle or cracking, it’s not doing its job. Installing a new weather stripping kit from a hardware store is a quick fix to make sure your doors are sealed.

Ducts: As time goes by, seals on duct work can come loose. Check your duct work to make sure your ducts aren’t letting any heat out into your attic, which can cause snow to melt and refreeze as ice dams on your roof.

Roof: Before winter arrives is a great time to check your roof for the season. Climb up (or at least get on a high ladder) and examine the shingles. Replace any that are missing or broken.

SEE ALSO: Who Knew's How to Prepare Your House for Winter

Make Sure Your Heating Systems Work

Furnace: Before it gets too cold, have your heating system checked out by a professional. The first really chilly day of winter is not the time to figure out your heater isn’t working. Have a heating and air company come out, check the systems, and change the filters, and you’ll be ready for Old Man Winter when he arrives.

Water Heater: The end of fall is a great time to drain your water heater. This should get done once a year, so if you haven’t done it recently, make sure you do before you find you only have really cold water in your house.

Chimney: If you have a chimney, make sure you sweep it (or have it professionally swept) before lighting any fires for the season. Removing the excess soot, as well as the birds and animals that made their homes in chimneys throughout the year, will help prevent fires and smoke damage. Also, examine the damper to make sure it’s still looking good. If it’s bent or warped, warm air will be able to escape through the chimney.

Reverse Ceiling Fans: If you have ceiling fans, now is the time to reverse them. Putting them in reverse will help blow down warm air that would otherwise be stuck near the ceiling, which will likely mean you can turn your heat down a degree or two.

If your fan runs on a remote, there is likely a button on the remote to switch the direction. If your fan runs on a switch, look for a small toggle or switch on the fan motor to make the change.

Be Ready Outdoors

Gutters: Make sure your gutters are ready to handle the winter precipitation. Empty the fallen leaves and anything else that has gathered in the gutters. Make sure they are secure to the roof, and repair them as needed. Also, make sure the drain pipe from your gutters is long enough and directing winter rains and melting snow away from your home’s foundation.

Water Lines: Prevent burst pipes by turning off all exterior water lines or insulating the pipes. If you have a sprinkler or irrigation system, drain the lines to make sure no water is left to damage the underground lines.

RELATED: Domestic CEO's Fall and Winter Home Maintenance Checklist

Tools: Be ready to get yourself out of the house by making sure all your winter tools are in good working condition. Turn on the snow blower, visually check the shovels, and stock up on salt or deicers. Having everything in its place and ready to go will give you a good start on digging out from a big blizzard.

Prepare Your Safety Kits

Pantry: During the winter, it’s always a good idea to keep extra food supplies in your pantry in case a big storm prevents you from getting to the store. Boxed and canned foods are the best because they take no electricity to store (in case that goes out), and have a long shelf life. Stock your pantry with a week’s worth of pastas, canned fruits and vegetables, soups, rice, beans, and bottled water, and you’ll be ready if the big one hits your town.

Boxed and canned foods are the best food to keep in stock because they take no electricity to store (in case that goes out), and have a long shelf life.

Lights: If a winter storm takes out your electricity, make sure you are ready with flashlights and candles to light your home. Keep flashlights in every room, and teach your kids where they are in case they need to find them in the dark.

Heat: If you have a wood burning fireplace, keep a solid stash of wood ready in case your power goes out. If you are in an area prone to losing power, you may also want to invest in a generator to run your furnace a couple hours a day during power outages. A good stash of blankets and comforters will help you get through chilly days and cold nights.

Detectors: Winter means an increase of home fires and carbon monoxide leaks. Make sure you and your family are protected by replacing the batteries in your smoke and carbon monoxide detectors and testing them before winter hits.

All the tasks on this list are important to get done before the snow starts falling. If you don’t have the time to do them all, hire a trusted professional to help you knock a few off tasks off your list. You’ll be thankful that you have everything done and ready as soon as the first big storm hits.

I’m the Domestic CEO, helping you love your home.

Image courtesy of Shutterstock.

Source: quickanddirtytips.com

The Best Student Loan Companies For Refinancing

Refinancing your student loans can make good financial sense, and that’s especially true if your current loans are stuck at a high-interest rate. With a new loan at a lower APR, you could save a bundle of money on interest each month and ultimately pay your student debt off faster. Consolidating several loans into one new one can also simplify your financial life and make keeping up with bills a lot easier.

College Ave and Earnest topped our list, but since student loan refinancing is an incredibly competitive space, you’ll also want to spend time comparing student loan companies to see who offers the best deal. Many lenders in this space offer incredibly low APRs, flexible payment options, borrower incentives, and more. This means it’s more important than ever to shop around so you wind up with the best student loan for your needs.

What You Should Know About Refinancing Federal Student Loans with a Private Lender

The lenders on this list can help you consolidate and refinance both federal student loans and private student loans. However, there are a few details to be aware of before you refinance federal loans with a private lender.

Switching federal loans to private means giving up federal protections like deferment and forbearance. You also give up your chance to qualify for income-driven repayment plans like Pay As You Earn (PAYE) or Income Based Repayment (IBR). Income-driven repayment plans let you pay a percentage of your discretionary income for 20 to 25 years before ultimately forgiving your remaining loan balances, so this perk isn’t one you should give up without careful thought and consideration.

Best Student Loan Refinancing Companies of 2021

As you start your search to find the best student loan for your lifestyle, take the time to compare lenders and all they offer their customers. While there are a ton of reputable companies offering high-quality student loan refinancing products on the market today, there are also companies you should probably steer clear of.

To make your search easier, we took the time to compare most of the top lenders in this space in terms of interest rates offered, fees, borrower benefits, and more. The following student loan companies are the cream of the crop, so you should start your search here.

Our Top Picks:

  1. Splash Financial
  2. College Ave
  3. Earnest
  4. SoFi
  5. CommonBond
  6. LendKey
  7. Wells Fargo
  8. PenFed Credit Union

Student Loan Refinancing Company Reviews

1. Splash Financial

Splash Financial may be a newer company in the student loan refinancing space, but their offerings are competitive. This company lets you check your rate online without a hard inquiry on your credit report, and their variable rates currently start at just 2.25% APR.

Not only are interest rates offered by Splash Financial industry-leading, but the company has a 95% customer satisfaction rate so far. Their cutting-edge technology also lets you apply for your loan and complete the loan process online, meaning less hassle and stress for you as the borrower.

Check Out Splash Financial’s Low Rates

2. College Ave

College Ave offers student loan refinancing products that can be tailored to your needs. They offer low fixed and variable interest rates, for example, and you’ll never pay an application fee or an origination fee. You can even qualify for a discount if you set your loan up on autopay, and a wide range of repayment schedules are available.

College Ave also offers a wide range of online calculators and tools that can help you figure out how much student loan refinancing could help you save and whether the move would be worth it in the end. Considering their low variable rates start at just 2.74% APR, there’s a good chance you could save money by refinancing if you have excellent credit or a cosigner with great credit.

Get Started with College Ave

3. Earnest

Earnest is another online lender that focuses most of its efforts on offering high-quality student loans. This company lets you consolidate debt at a lower interest rate than you might find elsewhere, and you get the option to pick a monthly payment and repayment period that works with your budget and your lifestyle.

While you’ll need excellent credit to qualify for the lowest interest rates, loans from Earnest come with variable APRs starting at 1.81% and low fixed rates starting at just 3.45%. To qualify for student loan refinancing with Earnest, you’ll need a minimum credit score of 650 and a strong employment and income history. You also need to be current on all your bills and cannot have a bankruptcy on your credit profile.

Refinance and Save with Earnest

4. SoFi

Also make sure to check out student loan refinancing company SoFi as you continue your search. This online lender offers some of the best student loan refinancing products available today, including loans with no application fee, origination fee, or hidden fees.

SoFi lets you apply for and complete the entire loan process online, and they offer live customer support 7 days a week. You can also check your rate online without a hard inquiry on your credit report, which makes it easier to see how much you could save before you commit.

Get Pre-Approved with SoFi in Less than 2 Minutes

5. Commonbond

Commonbond is another online student lender who lets you check your rate online without a hard inquiry on your credit report. With student loan refinancing from Commonbond, you could easily save thousands of dollars on interest with a new fixed interest rate as low as 3.21%. Repayment terms are offered for 5 to 20 years as well, letting you choose a new monthly payment and repayment timeline that works for your needs.

You can apply for your new loan online and note that these loans don’t come with an origination fee or any prepayment penalties. Your loan could also qualify for forbearance, which means having up to 24 months without payments during times of financial hardship.

Apply Online with Commonbond

6. LendKey

LendKey offers private student loans and flexible student loan refinancing options to serve a variety of needs. You can repay your loan between 5 and 20 years, and their refinance loans don’t charge an origination fee.

You can use this company’s online interface to check your rate without a hard inquiry on your credit report, and variable APRs start at just 2.01% for graduates with excellent credit. LendKey loans also receive 9.3 out of 10 possible stars in recent reviews, meaning their customers are mostly happy with their decision to go with this company.

Save Thousands by Refinancing with LendKey

7. Wells Fargo

While Wells Fargo is mostly popular for their banking products, home mortgage products, and personal loans, this bank also offers student loan refinancing products. These loans let you consolidate student debts into a new loan with a low variable or fixed interest rate, and you can even score a discount for setting your loan up on autopay.

Terms for Wells Fargo loans are available anywhere from 5 to 20 years, meaning you can choose a repayment schedule and monthly payment that suits your needs. Wells Fargo also lets you check your rate online without a hard inquiry on your credit report.

Get Started with Wells Fargo

8. PenFed Credit Union

PenFed Credit Union offers unique student loan products powered by Purefy. You might be able to qualify for a lower interest rate that could lead to enormous interest savings over time, and PenFed lets you choose a repayment term and monthly payment that fits with your budget and lifestyle.

You can apply for student loan refinancing on your own, but PenFed Credit Union also allows cosigners. Low fixed interest rates start at just 3.48% APR, and you can check your rate online without a hard inquiry on your credit report.

Learn More about PenFed Credit Union

What To Look For When Refinancing

If you decide you want to refinance your student loans, you’ll be happy to know the refinancing market is more robust than ever. A variety of lenders offer insanely attractive loan options for those who can qualify, although you should know that student loan companies tend to be very finicky about your credit score. Some also won’t let you refinance if you didn’t graduate from college, or even if you graduated from an “unapproved” school.

While you should be aware of any lender-specific eligibility requirements before you apply with any student loan company, there are plenty of other factors to look out for. Here’s everything you should look for in a student loan refinancing company before you decide to trust them with your loans.

Low Interest Rate

Obviously, the main reason you’re probably thinking of refinancing your loans is the potential to save money on interest. Lenders who offer the lowest rates available today can potentially help you save more, although it’s important to consider that you may not qualify for the lowest rates available if you don’t have excellent credit.

Cosigner Requirements

Also consider that most lenders will offer better rates and loan terms if you have a cosigner with better credit than you have. This is especially true if your credit isn’t great, so make sure to ask family members if they’re willing to cosign on your new student loan if you hope to get the best rate. Just remember that your cosigner will be jointly liable for repayment, meaning you could quickly damage your relationship if you default on your loan and leave them holding the bag.

Low Fees or No Fees

Student loans are like any other loan in the fact that some charge higher fees or more fees than others. Since many student loans come with an application fee or an origination fee, you’ll want to look for lenders that don’t charge these fees. Also check for hidden fees like prepayment penalties.

Discounts Available

Some student loan companies let you qualify for discounts, the most popular of which is a discount for using autopay. If you’re able and willing to set up automatic payments on your credit card, you could save .25% or .50% off your interest rate depending on the lender you go with.

Rate Check Option

Many of the top student loan refinancing companies on this list make it possible to check your interest rate online without a hard inquiry on your credit report. This is a huge benefit since knowing your rate can help you figure out if refinancing is even worth it before you take the time to fill out a full loan application.

Flexible Repayment Plan

Also make sure any lender you go with offers some flexibility in your repayment plan and your monthly payment. You’ll want to make sure refinancing aligns with your long-term financial goals and your monthly budget, and it’s crucial to choose a new loan with a monthly payment you can live with.

Most lenders in this space offer repayment timelines of up to 20 years, which means you could spread your payments over several decades to get a monthly payment that makes sense with your income. Keep in mind, however, that you’ll pay more interest over the life of your loan when you take a long time to pay it off, so you may want to consider prioritizing a faster payment plan.

The Bottom Line

Student loan refinancing may not sound like a lot of fun. However, taking the time to consider all your loan options could easily save you thousands of dollars. This is especially true if you have a lot of debt at a high interest rate. By consolidating all your student loans into a new one with a lower APR, you could make loan repayment easier with a single payment and save a ton of money that would otherwise go to straight to interest without helping you pay off your loans.

The first step of the loan process is the hardest, however, and that’s choosing a student loan refinancing company that you trust. The lenders on this list are highly rated, but they also offer some of the best loan products on the market today.

  • Work with College Ave, our top pick, to refinance your student loan.

Start your search here and you’re bound to wind up with a student loan you can live with. At the very least, you’ll have a better idea of the loans that are available and how much you might save if you decide to refinance later on.

The post The Best Student Loan Companies For Refinancing appeared first on Good Financial Cents®.

Source: goodfinancialcents.com

Here’s How to Turn Food Pantry Staples into Delicious Meals

Pandemic-related layoffs and income loss have driven many people to community food pantries for the first time in their lives.

According to Feeding America, about four out of every 10 people who visited a food bank from March through June of last year were first-time visitors. As the winter holidays approached, more than 80% of food pantries were serving more people than the year prior.

Economic concerns have caused countless others to become more conscious of their spending — resorting to cheap staples rather than more expensive options at the grocery store.

Getting groceries from a food pantry and reducing food spending can be great on the wallet, but you may also need to adjust to cooking and preparing meals differently. We spoke to registered dietitian and nutritionist Wendy Wesley for advice on how to make nutritious, tasty meals using ingredients from food pantries.

How to Turn Cheap Pantry Staples Into Delicious Meals

Canned goods should not be overlooked when it comes to creating great meals, Wesley said.

“I keep an arsenal of canned beans in my pantry at all times,” she said.

The key to making satisfying dishes from cheap ingredients is to incorporate kitchen staples like onion, garlic, peppers, spices, dried herbs, butter and eggs.

“You get rice and beans from a food pantry and then you doctor that up with your onion, your green pepper and your garlic and you use chili powder, garlic powder [and] onion powder,” Wesley said.

One of her favorite cheap meals to make is black bean soup, using a can of black beans along with onion, garlic and green pepper.

“There is something magical about black beans,” Wesley said. “For maybe a dollar or two in ingredients, you have this meal that is very hearty, very filling, full of fiber and is going to stay with you for a long time.”

Tomatoes, canned black beans, black bean soup and a portrait of the cook are photographed in this quad of images to illustrate cheap meals to make.

Another of her inexpensive meal ideas: Crack some eggs you pick up from your neighborhood food bank into a pan with onions, peppers and maybe tomatoes and mushrooms. You can make a big scramble for less than a dollar.

Pro Tip

Think food pantries only give out non-perishable canned foods? Think again. Many also distribute a good share of perishable ingredients like eggs, dairy products, bread, fresh produce and more.

When it comes to keeping your kitchen stocked with those supplementary meal-enhancing ingredients, Wesley recommends picking up a few items here and there when you grocery shop.

“If you went to the store and tried to buy it all in one day or one shopping trip it would be quite expensive,” she said.

Spices, in particular, can be pretty pricey, so look for less expensive brands.

Pro Tip

Wesley saves money by buying Badia brand spices. You can also try your store’s generic option or shop at an ethnic grocery store.

“We don’t need very expensive ingredients to have delightful and tasty meals at home,” she said.

How to Stretch Your Ingredients and Your Dollars

Whether you’ve got a family to feed or you’re just trying to make food last longer for yourself, making your ingredients stretch means more bang for your buck.

Add beans and veggies to stretch meat dishes.

“I’ll bulk up taco meat with onions and green peppers and tomatoes, so it’s a little bit of meat and a lot of vegetables,” Wesley said, as an example. “Or I’ll bulk it up with beans, so it’s a little bit of meat and a lot of beans.”

Those extra ingredients also add fiber — something every American needs more of, she said.

Adding a grain — like rice, quinoa or barley — to a meal can also help make a dish stretch. Wesley likes cooking a bunch of one grain over the weekend so she has it ready to add to meals throughout the week.

Preparing servings in advance can also save you time on busy weekdays — and saving time can be so valuable. No more grabbing fast food on those days when you have no energy to cook. The food is already ready.

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This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com

Rocky Times for The Rock? Dwayne Johnson Prepares To Take a Loss on Georgia Mansion

The Rock Selling Georgia Mansion
Matt Winkelmeyer/FilmMagic Dwayne “The Rock” Johnson wants to rock a sale of his horse property in Powder Springs, GA.

The Georgia spread landed on the market for $7.5 million. The A-lister faces a heavy lift with a potential sale and is prepped to take a loss. He bought the place in 2019 for over $9 million.

A sprawling 46-acre property, the parcel is dotted with multiple buildings and offers a rustic, upscale retreat.

Built in 2003, the 15,000-square-foot main house includes eight bedrooms and nine bathrooms, and features wide-plank, old-growth walnut flooring, stone fireplaces, high ceilings, and natural light.

The master suite sits on the main level and opens to a flat, walkout private backyard. The kitchen includes a breakfast bar, island, and stone counters, and looks out to the family room.

In addition, the floor plan includes a den, library, living room, office, gym, wine cellar, and a guest apartment.

On the grounds, there’s a pool, pool pavilion, two apartments, five-car garage, and grassy lawn.

The property also boasts a working 12-stall barn, a riding arena with viewing deck, a haybarn, and a 1867 farmhouse with a historic log cabin.

It’s located close to the popular Buckhead neighborhood and about 45 minutes from the Atlanta airport.

It’s not clear whether the “Fast and Furious” actor spent any time in this property at all over the short period of his ownership.

While he owned the place, he was renting a different home close to Atlanta, while he was shooting multiple movies there last year.

___

Watch: Sylvester Stallone’s Reported New Palm Beach Home Is a Knockout

____

The star posted a mea culpa showing that he had ripped out his front gate with his pickup, in a power outage that left him unable to open it as he was on his way to work.

“Maybe next time, I’ll just hop the gates and call an Uber,” he posted, before joking, “Actually, no, I won’t. There’s no fun in that.”

View this post on Instagram

A post shared by therock (@therock)

Given that Forbes has named him the highest-paid actor in the world, we’re guessing that he was able to cover the cost of the repair.

Now, he’ll also have to eat another couple of million dollars after deciding to let go of the equestrian estate for way less than he purchased it.

Johnson, known as “The Rock” from his wrestling days, starred in the “Fast and Furious” movies and the “Jumanji” franchise. The global star has two upcoming movies: “Black Adam” and “Red Notice.”

The post Rocky Times for The Rock? Dwayne Johnson Prepares To Take a Loss on Georgia Mansion appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

New to Market: Matt Damon’s Zen Los Angeles Home Asks $21 Million

As part of his plan of leaving Los Angeles and moving his family to the Big Apple, Matt Damon has now listed his Pacific Palisades home for sale. And he’s hoping to cash in big from the sale, asking $21 million for the Zen-inspired contemporary home set in one of LA’s most desirable neighborhoods.

Recently listed with Eric Haskell, an agent with celebrity real estate brokerage The Agency, Matt Damon’s house is an architectural masterpiece with 7 bedrooms, 10 baths, tons of distinct design features and some pretty extraordinary amenities. The Academy Award-winning actor will be trading all this for a 6,000-square-foot penthouse in Brooklyn, New York, having broken records last year by paying $16.745 million for the top floor unit of a famous former hotel, The Standish.

inside matt damon's beautiful house in los angeles
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams

An architectural gem with striking features & Instagram-worthy interiors

Designed by award-winning architect Grant Kirkpatrick, founding partner of leading-edge design studio KAA Design Group, Matt Damon’s house is an extraordinary contemporary home that showcases masterful craftmanship throughout its 13,508-square-foot interiors.

With a modern-yet-timeless design, the house is anchored by a breathtaking atrium with 35-foot mahogany vaulted ceilings. The interiors are bathed in natural light and mix warm wood elements with natural stone, giving the whole space an inviting, relaxing vibe. Other striking features that deserve a shout-out: clerestory windows and glass walls that fuse the indoors with the outdoor areas.

two-story-atrium-with-vaulted-ceilings-in-matt-damons-house
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
inside matt damon's house, living room
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
inside matt damon's house, living room and dining room
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams

The family room opens to the magnificent chef’s kitchen with custom mahogany cabinetry, Bluestone countertops and stainless steel Viking, Wolf and Miele appliances. The kitchen then opens to the expansive backyard retreat (but more on that in a minute).

All in all, Matt Damon’s soon-to-be former Los Angeles abode packs 7 bedrooms and 10 baths across 13,508 square feet of space. The primary suite comes with its own private terrace, dual dressing rooms, massage room and a spa-style bath with soaking tub and expansive shower. Pretty much every room offers leafy property and treetop views, adding an extra note of serenity to this wonderfully Zen-inspired home.

kitchen in Matt Damon's house in Los Angeles, now on the market for $21 million.
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
Inside Matt Damon's house in Los Angeles, now on the market for $21 million.
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
primary suite in matt damon's los angeles house
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
massage room in matt damon's house
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams
beautiful bedroom in matt damon's house in Los Angeles
Inside Matt Damon’s house in Los Angeles, now on the market for $21 million. Image credit: Alexis Adams

Amenities galore and a wonderful backyard retreat

Most celebrity homes tend to outdo themselves when it comes to amenities and bonus rooms and Matt Damon’s house is no exception. Interior amenities include a game room, bar, office, gym, plush media room, staff quarters and wine storage and tasting room. And that’s just what you’ll find inside the house.

Outside, the modern home has quite a few amenities that invite calm and relaxation (perfectly in tune with the rest of the house), including an expansive pool, spa, a cascading waterfall, koi pond and Hawaiian-inspired Lanai with a covered lounge and alfresco dining terrace. To appeal to the little ones — Damon is a father of four — there’s also a nice children’s play area.

Pool and outdoor area of Matt Damon's Los Angeles home in Pacific Palisades.
Pool and outdoor area of Matt Damon’s Los Angeles home in Pacific Palisades. Image credit: Alexis Adams
outdoor lounge and alfresco dining area in matt damon's $21 million house
Pool and outdoor area of Matt Damon’s Los Angeles home in Pacific Palisades. Image credit: Alexis Adams
kids playground in matt damon's house
Playground outside Matt Damon’s Los Angeles home in Pacific Palisades. Image credit: Alexis Adams

Matt Damon’s next home is vastly different from his Los Angeles digs

The Academy Award-winning actor, who is starring in the highly anticipated Ridley Scott-directed The Last Duel (to be released this year), will soon be leaving Los Angeles behind. The move has long been planned, with Damon and wife Luciana Bozán Barroso having purchased a Brooklyn Heights penthouse two years ago for a record-breaking price.

The couple paid $16.745 million for a 6-bedroom, 6,201-square-foot penthouse at The Standish — a historically significant converted building that was originally built in 1903 as a Beaux Arts hotel. At the time, Damon’s purchase set a new record for the borough, making him the owner of the most expensive property ever sold in Brooklyn.

Despite the fact that the penthouse consists of several units merged for extra space, the actor will be downsizing considerably. And the loss in square footage is matched by a significant downgrade in outdoor space — though it’s worth noting that Matt Damon’s new home does have an expansive terrace, a rarity for New York City. There’s no Zen backyard pool though, so we’re pretty sure the Good Will Hunting actor will, at times, miss his Pacific Palisades retreat.

More beautiful celebrity homes

Check Out this Beautiful House the Hemsworth Brothers Just Sold in Malibu
Wayne Gretzky is Selling his $22.9M California Home Designed by ‘The Megamansion King’
Morgan Brown Re-Lists Stunning West Hollywood Home Amid Split from Actor Gerard Butler
Chrissy Teigen & John Legend Buy $17.5M Beverly Hills Mansion

The post New to Market: Matt Damon’s Zen Los Angeles Home Asks $21 Million appeared first on Fancy Pants Homes.

Source: fancypantshomes.com

The Magical Third Paycheck: 5 Budgeting Hacks If You’re Paid Biweekly

If you get paid every two weeks, you’ve probably noticed extra money coming your way certain months. Maybe you even thought your company’s payroll made a mistake! But it’s no mistake. You get two magical months like this a year: when you suddenly have a third paycheck and—the best part is—your monthly bills stay the same. Yes, it’s appropriate to jump for joy—provided you have a plan for that extra income.

Why does this happen in the first place? If you’re paid biweekly, you get 26 paychecks throughout the 52-week year. That means two months out of the year, you end up getting three paychecks instead of your regular two.

Those two extra paychecks can go a long way. But without a plan in mind, they can also disappear. Fast. The first budgeting trick to saving two paychecks is to find out when they will hit your account. Grab a calendar and write down your paydays for every month in a given year and highlight the two extras. Maybe even put calendar reminders in your phone so you can track when the additional funds will hit your account. The extra paychecks will fall on different days every year, so tracking them in advance is key.

Samuel Deane, a founding partner of New York City-based wealth management firm Deane Financial, says there isn’t one correct way to budget with an extra paycheck, but that it should depend on your personal situation and financial goals. You could decide to give yourself some extra room in your budget throughout the year, for example, or use the extra money for something specific.

There are a few different ways to budget with an extra paycheck.

How can I budget for an extra paycheck? Consider these 5 budgeting hacks if you’re paid biweekly:

1. Pay down (mainly) high-interest debt

Once you’re done jumping for joy at the realization of the third paycheck, consider how your budget with an extra paycheck could help you pay down debt. “The first thing I usually tell my clients is to get rid of high-rate debt, which is usually credit card debt,” Deane says.

Before paying off debt with your new budget with an extra paycheck, make a list of all of your debts organized by balance and annual percentage rate (APR). Paying off the debt with the highest APR could save you the most money because you’re paying the most to carry a balance. Paying down a few low-APR, low-balance debts can also help you gain momentum and bring other financial benefits. For instance, if you owe close to your credit limit on a credit card, the high credit utilization—or card balance to credit limit ratio—could negatively impact your credit score.

If your budget with an extra paycheck includes debt repayment, you’ll start to owe less and have less interest accruing each month, freeing up even more cash from subsequent paychecks.

“The first thing I usually tell my clients is to get rid of high-rate debt, which is usually credit card debt.”

– Samuel Deane, a founding partner of wealth management firm Deane Financial

2. Build an emergency fund

Paying down debt isn’t the only way to budget with an extra paycheck. “Taking a look at whether you have a sufficient emergency fund is pretty important,” says Dan Stous, director of financial planning at Flagstone Financial Management.

An emergency fund of three to six months of your regular expenses can help you weather financial setbacks, such as a lost job or medical emergency, without having to take on new debt. Keeping these funds separate from your regular checking and savings accounts can help you keep them earmarked for the unexpected (and reduce the temptation to dip into them for non-emergency expenses). Places to keep your emergency fund include a high-yield savings account, certificate of deposit or money market account.

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If creating an emergency fund or adding to an existing one is on your to-do list, a budgeting trick to save two paychecks is to automatically transfer your extra paychecks into your emergency fund account.

3. Save for a big goal

If you want to save for a goal like a new car or home, or contribute to tax-advantaged retirement accounts, contributing two full paychecks out of 26 can be a good start. “If a client is debt-free and doing well, they might be able to focus on other goals,” Deane says. If you’ve got a financial goal in mind, a budgeting hack if you’re paid biweekly is to transfer your two extra paychecks from your checking account to a savings or retirement account right away.

Using your extra paycheck to save for a goal, like a new home or new car, is a smart budgeting hack if you're paid biweekly.

If you have a 401(k) through an employer and already contribute enough to get your maximum annual match, Deane says you may want to consider a Roth IRA. A Roth IRA is for retirement, but it also allows first-time homebuyers who have held their account for at least five years to withdraw up to $10,000 to buy a home, Deane says. Your budget with an extra paycheck could then go to either major goal.

Even loftier, “you could put aside money to start a business,” Deane says. If you plan on starting a business someday you could put away the paychecks annually and let those savings build as start-up capital.

4. Get ahead on bills

If you already have an emergency fund, are currently debt-free and are making good progress on your savings goals, try this budgeting hack if you’re paid biweekly and get a third paycheck: Pay certain monthly bills ahead of time.

“If you have the ability to prepay some of your bills, it can ease anxiety in the coming months,” Deane says.

Before using this budgeting hack if you’re paid biweekly, check with your providers to confirm that you will not be met with a prepayment penalty, and get up to speed on any prepayment limitations. Some providers may even offer a discount or incentive if you pay something like a car insurance bill all at once. You could also explore whether or not prepaying your bills makes sense for utilities, your cellphone or rent.

5. Fund much-needed rewards

If you’re looking for budgeting hacks if you’re paid biweekly, consider that managing money isn’t only about dollars and cents. Emotions often play an important part in personal finance, and they’re often the root cause of people’s decisions. Accepting this fact could be an important part of successfully managing your money.

“From an emotional and behavioral standpoint, people should reward themselves for being responsible,” Stous says. “Basically, treat yourself.”

Perhaps you need a vacation from the daily grind, want to enrich or educate yourself or your family or simply want to get a date night at your favorite restaurant on the calendar. A budgeting trick to save two paychecks could be supplemented with some spending on yourself.

“If you have an extra paycheck and a debt reduction goal, then maybe you apply the whole thing toward that goal. On the other hand, maybe you have a goal to retire in 10 years and you’re off track. Then, it’d be wise to put that money, or at least a portion of it, toward that goal.”

– Dan Stous, director of financial planning at Flagstone Financial Management

There’s no one-size-fits-all budgeting trick to save two paychecks

When you’re deciding how to budget with an extra paycheck, you might find yourself going back and forth between options.

“If you have an extra paycheck and a debt-reduction goal, then maybe you apply the whole thing toward that goal,” Stous says. “On the other hand, maybe you have a goal to retire in 10 years and you’re off track. Then, it’d be wise to put that money, or at least a portion of it, toward that goal.”

Even though budgeting solutions are not the same for everyone, being disciplined and proactive about the savings opportunity of a third paycheck can help you form a strong foundation for your financial future.

The post The Magical Third Paycheck: 5 Budgeting Hacks If You’re Paid Biweekly appeared first on Discover Bank – Banking Topics Blog.

Source: discover.com

How to Move While Practicing Social Distancing

So it’s the middle of a pandemic and you find yourself having to move soon, how do you do it appropriately and safely? There are a few routes to take, whether it’s professional help or just family and friends, but you still need to practice social distancing. Here’s how.

The post How to Move While Practicing Social Distancing appeared first on Homes.com.

Source: homes.com

My Husband Bought a Retirement Property, but Only Put His Name on the Deed. Will His Adult Children Inherit This Home?

Marketwatch's The MoneyistMarketWatch

Dear Moneyist,

My husband and I have been married for 25 years. We do not have children together, but he has children from a previous marriage.

We are retired now, and he bought property in Florida for us to live in. My name is not on the deed of the property, and he has not made a will yet. I keep complaining to him about it.

If he should die without a will, will his adult children and grandchildren be entitled to the property and house? Hopefully, you will be able to answer this question and set my mind at ease.

Carla

Dear Carla,

Your husband appears to have control issues at worst or, at best, problems with being direct and transparent. This is not the way to deal with a family property, especially after 25 years of marriage. If your husband wants his children to inherit his estate when he is gone, he should discuss it with you like a man (or woman), face to face, and you should outline a plan for your future together. But this game of cat and mouse, where he makes unilateral decisions about your future, is not a respectful or helpful way to conduct a 25-year marriage.

Not knowing if you’re going to have a place to live after your husband dies, assuming he predeceases you, creates a constant feeling of unease. The whole point of saving for retirement and being fortunate enough to retire comfortably is that you can see out your final years together with the knowledge that you will both be financially secure. Only one person in this relationship knows what that feels like — and, given that you have raised this issue with him, he is aware that you do not enjoy that same peace of mind.

Florida is an equitable distribution state and, for the most part, divides property 50/50. Here’s the legal interpretation from Schnauss Naugle Law in Jacksonville, Fla.: “If the decedent’s homestead property was titled in the decedent’s name alone, and if the decedent was survived by a spouse and descendants, the surviving spouse will have the use of the homestead property for his or her lifetime only (or a life estate), with the decedent’s descendants to receive the decedents’ homestead property only after the surviving spouse dies.”

You will have the right to live in this property for the remainder of your life. If you divorce, however, anything purchased during your marriage is considered marital property, and even though this home was purchased in your husband’s name only, it would be divided 50/50. In Florida, “equitable distribution” is mostly treated as “equal distribution.” According to this interpretation of family law in Florida by Arwani Law: “Even if he purchases the car with his own money and puts the car title in his wife’s name, it is still considered marital property.”

And as most lawyers will tell you, a lack of communication is one way of buying a ticket to divorce.

The post My Husband Bought a Retirement Property, but Only Put His Name on the Deed. Will His Adult Children Inherit This Home? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

5 Neglected Expenses That Can Ruin Your Vacation Budget

Vacation Budget

5 Neglected Expenses That Can Ruin Your Vacation Budget

With the weather warming up, summer vacation isn’t too far away. If you haven’t already, it’s time to start a vacation budget and account for everything you’ll be paying for that week.

After all, you don’t want to have to cut your relaxation time short because you forgot that you actually have to pay for gas.

But there are other financial surprises too, ones that perhaps you don’t think very much about when sitting down to create your budget. Here are a few that maybe you have not taken into account just yet, but absolutely need to.

Let Mint.com help you create the perfect vacation budget. Click here to get started!

Parking

Despite free public parking not being a popular idea among money-hungry companies for a while now, a lot of us still forget that we have to pay for the damn thing. This may be a few bucks or a few dozen bucks, but either way you can’t forget it when budgeting for your vacation.

Do the research to find out the charges for each place you’re staying or going to. Going to see a ball game? How much does the park charge to park? Going to take the train into the city? How much do they charge and, if need be, how much does valet parking cost?

Add those up, and you might be surprised how much not actively driving your car can run you.

Wi-Fi

These days, Wi-Fi is just about everywhere, and just about everydiv uses it. While the airport Wi-Fi might be free, the hotel you stay in might want a few bucks extra for use of their signal. This is especially true in nice, upscale hotels, where Wi-Fi access could run you $10-$20 a day.

So either annoy your family by checking into some rinky-dink motel, where Wi-Fi is free but everything is roach-ridden and moth-eaten, or factor in the money necessary for Junior to use his iPad on the coziest bed he’s ever slept on.

The Food Bill

Even though it’s part of our daily lives, many people don’t think about food when punching out their budget. And if they do, they vastly underestimate how much stomach fuel actually costs.

This goes for vacations as well. You should find out what restaurants in the area typically charge, so you don’t get blindsided by the high cost of steak. If you’ve rented out a house with a kitchen and fridge, take some time to deduce how much you and your family spend on food at home.

Then, take that total and add a bit more to the food budget. It’s vacation time, after all, and for many, relaxing and unwinding means more burgers and s’mores than during a regular workweek.

Checked Bag Fees

If there’s one thing all travelers can agree is pure evil, airlines charging people to check in their bags has be it. Some airlines, such as Southwest, will let customers get away with some checked bags for free, but expect to fork over $25 or more for each additional one.

Checked bag fees need to be part of your budget every time, because it’s never, ever going away. Airlines make too much money off of it to abandon it simply because we don’t like it.

Either pack minimally, ensuring that you can get away with nothing but carry-ons and maybe one or two checked bags, or put a couple hundred bucks aside in the budget for the over packers in your family.

Vacation Budget Plan

Spontaneous Activities

There was an episode of Full House where Danny Tanner attempted to script the family’s Hawaiian vacation to the letter — every activity planned ahead of time, strict time limits on said activities, and naturally every penny accounted for.

This almost never happens. Vacations aren’t nearly that organized, and you will have some unpredictable moments, not to mention costs that you didn’t see coming. Maybe your children see an ad for horse riding trails and immediately start begging you to let them ride the horsies.

Sadly, horsies aren’t cheap, but this is a vacation, so why not let them indulge?

The trick is to not indulge too much. Don’t do everything that sounds fun, because the inevitable overdraft charges on your bank account won’t be very fun. Leave enough room in your budget for unplanned, spontaneous activities, and stick to that window as closely as you can.

This way, you and your family will have a great, fun vacation, and you won’t still be paying for it months and months later.

Mint.com can help create a complete vacation budget just for you and your family. Click here to sign up and start!

The post 5 Neglected Expenses That Can Ruin Your Vacation Budget appeared first on MintLife Blog.

Source: mint.intuit.com