Anthony Joseph Real Estate LLC



Posted by Anthony Joseph Real Estate LLC on 5/9/2018

Whether you call it a "rainy day fund" or a "financial cushion", having some money set aside for emergencies or unexpected expenses can help keep life on an even keel.

Although health insurance and a homeowners' policy can provide a measure of protection, insurance deductibles can take a large bite out of your bank account.

In addition to all the predictable expenses that accompany home ownership, mechanical systems like furnaces, hot water heaters, and air conditioning units have a way of breaking down at the most inopportune times. Another crisis that many people aren't prepared for is the potential loss of a job. When families don't have money set aside to weather the storm of an unplanned income loss, then there's no "safety net" to cushion the fall.

Strategies For Saving Money

The good news is that there are plenty of ways to build up financial reserves, but it often requires self discipline, a new set of habits, and the intention to make it happen. One of the first steps to putting some money aside for a rainy day is to open up a separate bank account. If you put extra money in your regular account -- or (even worse) keep it around the house -- chances are it will get spent pretty quickly. However, if it's deposited into a separate account that's designated for emergencies, unexpected household expenses, or even a college fund, then it'll stand a greater chance of being left alone until it's needed. Putting money aside does take some doing, but it can contribute to your family's financial security and ability to do things that are important to you.

If you have a tight budget, you're probably wondering where this extra money is going to come from! Sometimes, the very act of developing a written budget can provide you with clues and ideas for reducing your expenses. You'd also be amazed at how much the savings can add up when you comparison shop, buy in bulk, use coupons, negotiate lower interest charges on your credit cards, quit smoking, car pool to work, cut back on restaurant food, and make up your mind to live just a little more frugally.

Depending on how committed you are to creating a financial cushion, you could also make the fund grow faster by depositing a percentage of Christmas bonuses, tax refunds, manufacturer rebates, salary increases (raises), and other sources of extra income. Additional ways to beef up your financial safety net could include getting a part-time job, doing freelance work, holding a garage sale, or selling unwanted items through ads or flyers. When you pay off credit cards, car loans, or other debts, you could also redirect some or all of those monthly payments into your "future needs fund."

Whatever you decide to call it, it's nice to know that there's some extra money on hand for unexpected expenses, emergencies, potential job losses, college tuition, weddings, family vacations, home renovations, nursing home costs, or even retirement.






Posted by Anthony Joseph Real Estate LLC on 1/31/2018

For many of us, it can seem like our paychecks are gone before we even get a chance to see them. With seemingly endless bills and expenses, both recurring and unforeseen, saving up for a house is a daunting task.

Fortunately, there are ways you can prepare yourself for those intimidating down payments and many closing costs.

In this article, we’re going to walk you through how you can start saving for a home right this moment. After all, every day is another day you could be contributing to your savings and taking another step closer to owning your own home.

Use a Budgeting Tool

The first step to saving and determining how much you can save is to start budgeting. Many people hear the term “budget” and get nervous thinking they’ll have to start counting the number of coffees they buy. However, there are less anxiety-inducing ways to budget.

From your phone, tablet, or computer you have access to a large number of free budgeting tools. Mint, You Need a Budget (YNAB), and PocketGuard are three of the top budgeting tools that will get you started.

With apps that integrate with your bank accounts and loan balances,  there is little work required on your part. Just set an amount to save each week or month, and direct the funds into your savings account.

Set up a dedicated savings account

Speaking of savings accounts--now is a great time to set up a new one. It’s almost always free to open a new account with your bank. What’s more, it’s a lot less tempting to pull from a savings account when it’s labeled something like “HOUSE SAVINGS - DO NOT TOUCH.”

Once you have your budgeting app and bank account set up, it’s time to dig into some of the ways you can save money without skipping meals.

Cutting Monthly Expenses

Rather than telling yourself you can’t buy any more fancy Starbucks drinks anymore until you have a house (don’t torture yourself), make a list of all your monthly expenses. That can include anything from Netflix and Spotify to haircuts and car washes.

A great way to make this list is to go through your credit and debit card transactions. If you have autopay set up, you might not even realize how many services are withdrawing directly from your accounts each month.

For each item on your list, determine if you can either eliminate the expense or spend less on it. Maybe you go for the deluxe car war rather than the basic. Or, you might pay for services you don’t use as much as you used to.

If you’re worried about having no entertainment if you drop Hulu, Netflix, and Amazon Prime, you could try out your local library system. Most of the time you can have books, movies, and music shipped for free from all around your state.

When it comes to cable, cell phone plans, car insurance, and other monthly bills give your provider a call and tell them you’re thinking about switching over to a cheaper competitor. They’ll likely offer you a discounted rate. If they don’t, follow through on your promise and call other providers to see if you can get better rates.





Posted by Anthony Joseph Real Estate LLC on 6/23/2016

Who doesn't love a bargain? Some of the best shopping deals these days can be found online. Savvy shoppers even know that some days are even better than others to find the biggest savings. ShopItToMe.com, a website that looks at online retailers, ran a survey to see what days of the week online websites offer the biggest discounts. Here is what they found: Mondays: If you are looking for men's and women's dress pants try Mondays. ShopItToMe found the average sale price is about 48 percent off. The site also found Mondays are great for purchasing sunglasses with an average discount of around 55 percent. Tuesdays: If you are shopping for men's clothes, it may be pants on Mondays but all other men's apparel is typically on sale on Tuesday with a discount around 42 percent. Wednesdays: You can save an average of 38 percent on shoes. Also look for great deals on kids' clothing with an average discount around 40 percent. Thursdays: Handbags lover's Thursdays typically offer a 36 percent savings. Fridays: Once you have purchased a new handbag you will need accessories to match. Look for an average of 42 percent off jewelry, belts and scarves. Saturdays: Underwear and outwear are on deep discount on Saturdays. Shoppers can save an average of 37 percent on intimates and a whopping 51 percent on jackets and outerwear. Sundays: Swimsuit prices are reduced approximately 52 percent on Sundays. What are your best online shopping tips?




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Posted by Anthony Joseph Real Estate LLC on 12/17/2015

Greening up your home is not only good for the environment it is also good on your wallet. According to the National Institutes of Health, the U.S. generates about 208 million tons of municipal solid waste a year, that's more than 4 pounds per person per day. Here are some minor changes you can implement at home that will add up to real benefits. Green up your appliances Replace your old refrigerator and save as much as $150 a year. Appliances are the biggest drain on a home's total energy bill. Replace appliances older than 10 years with energy-efficient models that bear the "Energy Star" logo. Energy Star-qualified appliances use 10%-50% less energy and water than standard models. Take Your Temperature Use a programmable thermostat to keep your home's temperature on a schedule. Program the thermostat in cold weather and keep it higher in warm weather. Set the timer to only change the temperature when you are home. During the colder months, each degree below 68°F saves 3%-5%. You may also want to consider replacing older furnaces. Today's furnaces are about 25% more efficient than they were in the 1980s. Use Water Wisely Save every time you flush by installing low-flow toilets. They use only 1.6 gallons per flush, compared to 3.5 gallons per flush for pre-1994 models. Save water at your faucets by installing aerators. This could cut your annual water consumption by 50%. Let there be Light Using Compact Fluorescent Light bulbs (CFLs) will consume 66% less energy. CFLs may cost a little more but they last 10 times longer than a standard incandescent bulb. In dollars and cents, replacing a 100-watt incandescent bulb with a 32-watt CFL can save $30 in energy costs over the life of the bulb. Practice Plastic Placement Did you know Americans throw away some 100 billion polyethylene plastic bags? — Plastics (grocery, trash and sandwich bags to name a few) are made from petroleum. Plastics are considered one of the main contributors to global warming. Always make sure to reduce, re-use and recycle your plastics. There are many more ways to live green. If you are looking for more ideas check out National Geographic's Green Guide. Please share your tips for saving money, energy and living green.





Posted by Anthony Joseph Real Estate LLC on 5/14/2015

If you are looking for ways save money, cutting back on grocery expenses is often an easy way to reduce your spending. Here are ten tips to master frugal grocery shopping. A little planning can save you some big bucks over the long term. 1. Make a list. Before you head out to the store, prepare a list of everything you need, making sure you have everything needed for your weekly menu. Before you leave, check to make sure you don't have it in your pantry, fridge or freezer. Stick to that list and don't buy anything else. 2. Plan a menu. Plan a weekly menu for each week. This way you will know exactly what to buy. Be sure to plan a leftovers night. 3. Don't shop hungry. When you're hungry, everything looks good. When you shop hungry you'll end up spending a lot more. Eat first and then you will be able to stick to your list. 4. Set a budget. When you go to the store, know exactly how much you can spend. Then try your best to stick within that limit. Keep a running tally as you shop to ensure that you're within your budget. 5. Create a grocery spreadsheet. Keep your grocery receipts, then enter into a spreadsheet. This will be your price and comparison list. Use it so you know when bulk or sale items are a good deal. 6. Cook and freeze. Plan to cook a big amount of food and freeze it for multiple dinners. A great idea is to use one Sunday and cook a week's (or even a month's) worth of dinners. Plan 5-6 freezable dinners and cook them all at once. 7. Shop for specials. Every store has specials. Be sure to look for them in the newspaper, or when you get to the store. Don't buy things you don't use just because they are on sale; make sure you will use the items. 8. Buy store brands. Brand names are often no better than generic, and you're paying for all the advertising they do to have a brand name. Give the store brand a try, and often you won't notice a difference. 9. No "one-item" trips. They waste gas, and almost inevitably, you buy more than that one item. If you plan ahead, make a weekly menu, and shop with a list, this should drastically reduce the number of trips you make for a small number of items. 10. Stock up. Sale items can be a great deal. If it's an item you normally use, buy a bunch of them.