Category Archives: Managing Money

Retail Tricks To Watch Out For

As we rapidly approach the holiday season, it seemed to be a good time to bring up some of the retailers favorite tricks that are used to get you to spend more. Retailers are professionals at selling and they have spent millions in research to determine how to sell as much as possible. Here are a few tricks and techniques to watch out for this holiday season:

shopping tips

1. Limited-time-only bargains.

Regret is one of our most disliked feelings, and people naturally do what they can to avoid feeling regret. Marketers know this and use it to their advantage with limited-time offers and bargains. By making you feel that you have to act now or risk losing out on a great sale or product, retailers force you into a split second decision that often results in a purchase.
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10 Real Things To Know About Buying A House If You’re A New Buyer

This is something a little different. Last year we published an article titled Should You Buy A House?. The housing market has been up and down, depending on which side of the fence you’re on. If you were trying to sell a home, things were going well for close to a year; even now they’re not bad. If you were a buyer, prices went up drastically and there was a lot of competition.



 

Things are starting to move back towards how they were before the pandemic hit in many areas of the country, including the central New York area. Even with an erratic market, there are always rules that potential home buyers should know, especially if they’re first time buyers. This is geared towards that demographic, but we feel there’s something for everyone here. Let’s take a look at our 10 things we feel you should know or at least think about.
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You Don’t Always Get The Best Deals At Warehouse Club Stores

I’ve belonged to a wholesale warehouse club store for a very long time. Over that time, I’ve saved a lot of money, so I really can’t complain about much.

With that said, I have to own up to having an epiphany that’s been long coming; you don’t always save money at these stores. Not only that, but sometimes you’re going to spend more in these stores than you will at traditional stores. You also might have other issues to deal with that you hadn’t considered. Let’s take a look at some of these things.
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Can You Afford To Buy A Home?

Many people, especially young married couples, start thinking that they need to buy a house, and as soon as possible. Home ownership can be pretty cool… that is, if you can afford it.

A Usual House
Diego da Silva via Compfight

Even if you have a pretty nice salary, individual or both spouses, you might find that owning a home costs way more than you expected it would. If you’re good at budgeting you might figure it out. If not… well, it could be harrowing.

Here are some things you need to know:
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10 Tips For Getting Out Of Debt

Many times, when people are looking for ways to reduce their debt, they go looking for someone else to help them with their problems. The truth of the matter is that every person is capable of figuring their way out of debt if they have a job and are bringing in some kind of money. It may not be easy but it’s better to have some background knowledge to help you move forward.

Below are some tips to employ to help you gradually, or quickly, work your way out of debt.

1. Write down all your debts.


 

This is always the first step, because, as Dr. Phil might say, you can’t address what you won’t acknowledge. Take one month’s worth of bills and write down what each is, as well as the amount you’re expected to pay. For credit cards, write down the annual percentage rate. Also, write down how much you estimate you spend on things such as food, gas, entertainment, etc. Yes, this is about budgeting.
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