tag:blogger.com,1999:blog-29652835116238498042024-03-19T15:30:28.101-04:00Freelancing and More BlogThis blog will provide an overview of the style and type of writing I am most familiar and comfortable with. Additionally, freelancers can find helpful resources to help them avoid scams on the internet.Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comBlogger233125tag:blogger.com,1999:blog-2965283511623849804.post-59738215305760323612020-04-18T08:52:00.000-04:002020-04-18T08:53:05.357-04:00What's the Difference Between Pre-qualifying and Qualifying for a Loan?<span style="font-family: Georgia, Times New Roman, serif;"><br /></span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWJNBAwANzZw_V-nRIvuWwdZXDFHfwy-Tbyrv6d8LECp3FYC5Xa12lMFnbelNWqQ8Wbm4TFo4yp2deJUV8mbO9WDdQlqrImCVGYNkvRfc5-6P3HHc_w6M1TT8l3P4ewIuNRQ_3UmXEgoBC/s1600/iStock_000009054725XSmall.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: Georgia, Times New Roman, serif;"><img border="0" data-original-height="363" data-original-width="331" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWJNBAwANzZw_V-nRIvuWwdZXDFHfwy-Tbyrv6d8LECp3FYC5Xa12lMFnbelNWqQ8Wbm4TFo4yp2deJUV8mbO9WDdQlqrImCVGYNkvRfc5-6P3HHc_w6M1TT8l3P4ewIuNRQ_3UmXEgoBC/s320/iStock_000009054725XSmall.jpg" width="291" /></span></a></div>
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<span style="font-family: Georgia, Times New Roman, serif;">When you start searching for a home, your real estate broker
may ask you about potential financing options. Before you start discussing your
financing, there are some terms you should be aware of. It is important to
understand these terms could be used interchangeably but they are very
different. These terms are prequalifying, qualifying or preapproval. Here’s what each of these terms mean for you
as a home shopper.</span></div>
<h4>
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></h4>
<h4>
<span style="font-family: Georgia, Times New Roman, serif;">
What does prequalifying mean?</span></h4>
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<span style="font-family: Georgia, Times New Roman, serif;">If you are considering getting prequalified before shopping
for a home, you will provide to a mortgage lender or broker certain
information. This information will include your monthly income, monthly credit
card expenses, and information about other bills such as a car payment, or
insurance which are paid on a monthly basis. Your mortgage lender or broker
will ask you specific questions regarding your credit including whether or not
you have had any late payments during the last 12 – 24 months. None of this
information will be verified by your broker or lender.<o:p></o:p></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">Once your mortgage professional has obtained this
information, they will help you determine how much of a mortgage you may be
qualified to obtain towards purchasing your new home.<span style="mso-spacerun: yes;"> </span>This information is helpful because it will
give you the flexibility of knowing approximately the price range at which you
can purchase your home.</span></div>
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<h4>
<span style="font-family: Georgia, Times New Roman, serif;">
What does preapproval/qualifying mean?</span></h4>
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<span style="font-family: Georgia, Times New Roman, serif;"><br /></span>
<span style="font-family: Georgia, Times New Roman, serif;">While preapproval and prequalifying often are confused as the
same process, there are very significant differences. During the preapproval
phase, a lender will have you fill out a mortgage application, run a credit
report, and verify the information they request from you. This process allows
you to know how much money you actually can get approved for, versus an
estimate of how much of a mortgage you qualify for. <o:p></o:p></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">In most cases, a lender will issue you a preapproval letter
with certain caveats including that information provided on your initial
application does not materially change between the preapproval or qualifying
process. For example, if you maxed out a credit card which had a zero balance
when you applied, that could impact your final qualifying. The same is true if
you missed payments, changed jobs, or other financial circumstances which
materially changes your initial application.<o:p></o:p></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">The advantage of a preapproval when shopping for a home is
clear: When you are negotiating with a seller, you know exactly how much of a
loan you will be eligible for, and you also know that unless something
materially changes, you will be approved for that loan.</span><br />
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">
What happens after prequalification?</span></h4>
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<span style="font-family: Georgia, Times New Roman, serif;"><br /></span>
<span style="font-family: Georgia, Times New Roman, serif;">Once you obtain a prequalification, you can start searching
for your home with the confidence that you know what range you can qualify for
a mortgage. Once you identify your dream home, you will fill out a mortgage
application, provide documents to your lender, and your credit will be checked.
Assuming there are no material changes from the original information you
provided to the lender, you may then receive a mortgage approval.</span><br />
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">
What happens after preapproval?</span></h4>
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<span style="font-family: Georgia, Times New Roman, serif;"><o:p></o:p></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;"><br /></span>
<span style="font-family: Georgia, Times New Roman, serif;">Preapprovals will significantly shorten your process of
finalizing your home purchase. Your mortgage lender will verify your pay for
the period between your original preapproval, ask you about any changes in your
finances, and pull your credit report again to make sure there are no material
changes since the preapproval. Assuming there are no material changes, your
mortgage will be ready for the final step.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif;"><o:p></o:p></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;">The homebuying process is exciting and you will likely hear
several terms you are unfamiliar with. Never hesitate to ask questions of your
realtor or your mortgage professional during this process so you understand
what steps to take next.</span></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-22611074341071723262020-01-22T14:08:00.001-05:002020-01-22T14:08:04.601-05:00Nine Great Options for Using Your Home Equity Today<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQTokcEIKVZltecSL3i0WEqZZNmaNSvvgEltg1_68Y81BJIillXrWYDdYXuUhTpiDKdoAiUJiDYBA4tu5fu9m28ClXx-C0v3ppC4LSG3IS4ScNyZrgpC8G4wGHphHQj4n7EA2BYO234-d0/s1600/iStock_000009054725XSmall.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="363" data-original-width="331" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQTokcEIKVZltecSL3i0WEqZZNmaNSvvgEltg1_68Y81BJIillXrWYDdYXuUhTpiDKdoAiUJiDYBA4tu5fu9m28ClXx-C0v3ppC4LSG3IS4ScNyZrgpC8G4wGHphHQj4n7EA2BYO234-d0/s320/iStock_000009054725XSmall.jpg" width="291" /></a></div>
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Most people who have equity in their home think about using that equity
using one of two methods. First, there are those who opt to refinance their
home and get the equity in cash — a cash-out refinance. Others opt to take out
a home equity loan which has a similar result, you get the cash value of the
usable equity in your home. Another option to consider however is the home
equity line of credit. Like the other two options, a home equity line of credit
— a HELOC — allows you to access the equity in your home. However, unlike the
other two options, you decide how much of the funds you want to use, and when
you want to access them.<o:p></o:p></div>
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Home equity lines of credit give you more options because if you are
not ready to use the funds, you need not take the funds. Only when you draw
funds down from the line of credit are you obligated to make any payment.
Depending on the terms, you may also have the option of using the same funds
repeatedly, much like you would a credit card. As you make a payment and reduce
the amount of principal owed, you have the option of reusing the line of
credit. Here are nine ways millennials, and others, can take advantage of the
equity in their homes.<o:p></o:p></div>
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<b>1. HELOC For Debt Consolidation<o:p></o:p></b></div>
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According to a <a href="https://www.creditcards.com/low-interest/">study
conducted by Experian</a>, millennials have an average amount of $4,712 each in
credit card debt as calculated during Q1 2019. Credit cards have notoriously
high interest rates when compared to a home equity loan. On the lowest end,
credit card issuers charge about 14 percent interest while a HELOC rate can be
as low as six percent. This is a significant difference and can save you a lot
of money over the repayment period.<o:p></o:p></div>
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<b>2. Real Estate - Investing for Your Future<o:p></o:p></b></div>
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While there is no guarantee that real estate values will always remain
high, another practical and creative way to use a HELOC is to fund the purchase
of an investment property. When you apply for a mortgage for a second home
which you do not intend to occupy, there are different down payment
requirements. In nearly all cases, you should be prepared to make a down
payment of 25 percent of the purchase price. A home equity line of credit could
offer you the cash you need. Additionally, investment property can add a new
stream of revenue to your monthly income when you rent out the property.
Remember, when you make a significant down payment, you are also creating
additional equity which may give you the option of obtaining another home
equity line of credit later.<o:p></o:p></div>
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<b>3. Educational Expenses — Reduce or Prepare<o:p></o:p></b></div>
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Whether you have several student loans and you are considering
consolidating the loans, or your children are currently thinking about college,
education is expensive. A HELOC can help you prepare for college, or help you
reduce your current student loan debt. According to a recent release by
the <a href="https://www.bls.gov/opub/mlr/2014/beyond-bls/millennials-after-the-great-recession.htm">Bureau
of Labor Statistics</a> (BLS) millennials have the highest levels of
student loan debt. If you are planning to use a HELOC for reducing
existing student loans, be sure to review your current payments and interest
rates carefully so you are not paying more using your HELOC.<o:p></o:p></div>
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<b>4. Investing in Your Current Residence<o:p></o:p></b></div>
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Regardless of how long you have lived in your home, the chances are
high there is something you would like to change. Whether you are considering
upgrading your roof, going solar, or you are considering landscaping your
property, a home equity line of credit can provide you the funds you need to
invest in your current home.<o:p></o:p></div>
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<b>5. Fulfilling a Dream<o:p></o:p></b></div>
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Destination weddings, a dream vacation, or a cruise for the entire
family — these are some of the more exciting ways of using the equity in your
home. Make sure before you decide to use your HELOC in this manner you are not
going to regret later. After all, using the funds from a home equity line of
credit to splurge may not fit your overall financial goals.<o:p></o:p></div>
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<b>6. Making Self-Employment a Reality<o:p></o:p></b></div>
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For <a href="https://www.forbes.com/sites/jordandaykin/2018/12/06/the-millennial-entrepreneur/#4eb7ae197c40">millennials
who have the entrepreneurial spirit</a> but are having problems securing
business loans, a home equity line of credit can provide the funding you need
to launch a new business. Many studies over the last several years have shown
that millennials are more likely to forgo traditional business models and go to
work for high-tech start-ups or opt to work for themselves. Using a HELOC to
fund a new business can be rewarding in the long run.<o:p></o:p></div>
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<b>7. Saving for a Rainy Day<o:p></o:p></b></div>
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There is no doubt many of us are poor savers. However, a HELOC can help
you get a leg up on some of your savings needs. If you have no current
emergency fund and you are concerned that a sudden problem with your car,
furnace, or other big-ticket item could wipe you out financially, a home equity
line of credit could be a great fallback. Remember, if you have not drawn any
funds down from the HELOC, you are not making any payments. If you do take a
draw of funds, you are only making payments on the amount drawn, not the entire
balance.<o:p></o:p></div>
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<b>8. Creating a Nest Egg and Taxes<o:p></o:p></b></div>
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Millennials may feel retirement is years away, and for most it is at
least a couple of decades in the future. However, this time gap does not mean
you should avoid planning for retirement. In addition to the earnings on your
retirement savings, there may be tax benefits available which could help offset
the cost of using your home equity line of credit to fund your annual
retirement account or start your retirement account for the first time. Before
using a HELOC in this manner, make sure you explore the pros and cons.<o:p></o:p></div>
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<b>9. Caring for Family<o:p></o:p></b></div>
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Millennials are often faced with the challenge of caring for an aging
parent or grandparent. Having some financial flexibility can be very helpful in
this situation which is when a HELOC can be very beneficial. You may also be
expecting a new family member either through birth or adoption and having
access to additional funds could prove helpful.<o:p></o:p></div>
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While a home equity line of credit is not right for everyone, these are
some simple idea to make use of the equity you have worked so hard to build up
in your home.<o:p></o:p></div>
<br />Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-7599793237257766182020-01-07T15:30:00.000-05:002020-01-07T15:30:12.573-05:00Best strategies for refinancing your home<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwXwylJbCAQabh5GUwlHnyMiGtVZONWGGugpqvmmA3NcCkq1eBQEn4AOHjf0fqiCURzrN1ZVvibWZdRgswBZGZBuAiZd31S1Ox-pGAe36d6mEBSsOICmNNMbLSdo3YyzSrIg7RXeMqujQ/s1600/iStock_000009054725XSmall.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: Georgia, Times New Roman, serif;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwXwylJbCAQabh5GUwlHnyMiGtVZONWGGugpqvmmA3NcCkq1eBQEn4AOHjf0fqiCURzrN1ZVvibWZdRgswBZGZBuAiZd31S1Ox-pGAe36d6mEBSsOICmNNMbLSdo3YyzSrIg7RXeMqujQ/s1600/iStock_000009054725XSmall.jpg" width="291" /></span></a></div>
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<span style="font-family: Georgia, Times New Roman, serif;">Chances are that your local newspaper has advertisements from home
mortgage lenders advertising new, lower interest rates. You log onto your
computer and all over the internet you see ads for lower interest rates.
You might be wondering if it is time to consider refinancing your home.
Let us look at the best strategies for refinancing your home since interest
rates are lower.<o:p></o:p></span></div>
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<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Calculate the
difference</b> - the first thing you should do is determine how
refinancing your home is going to affect your monthly payments. Not
only should you consider how much your mortgage payment will change but,
you should also look at how it will impact your homeowner’s insurance and
your income tax. Since your mortgage interest can be deducted on
your taxes, determine the impact.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Can you
consolidate?</b> - if you have credit card debt or other debt that
you can pay off by refinancing your home, you should also calculate the
amount that you may be saving. There are <a href="http://www.mortgagecalculator.org/">mortgage calculators</a> that
are available on-line that will help you determine (based on set rates)
how much your mortgage payment will be. Gather all of your credit
cards together, and sort them by interest rate. Write down the
current balances and use a <a href="http://www.federalreserve.gov/creditcardcalculator/">credit card
calculator</a> to determine how long it will take to pay them off if
you do not include them when refinancing your home.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Contact a Realtor</b> -
get an approximate market value of your property. Once you have
obtained a <a href="http://dictionary.reference.com/browse/fair%20market%20value">market
valuation</a> (not to be confused with an <a href="http://dictionary.reference.com/browse/appraiser">appraisal</a>) you
can determine if you are eligible for a refinancing of your home.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Obtain your Credit
Report</b> - before you take any further steps towards refinancing
your home, contact all three credit reporting agencies and request a copy
of your credit report. Remember, you may request one<a href="http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre34.shtm"> free
copy of your credit report</a> every twelve months. Verify that
all the information on your credit report is accurate.<o:p></o:p></span></li>
</ul>
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<span style="font-family: Georgia, Times New Roman, serif;">Once you have completed these steps you then can decide if you will
benefit from refinancing your home. The next best strategies come when you
begin discussing your situation with lenders. Here are some strategies for
helping ensure you get the best possible refinancing terms for your home.<o:p></o:p></span></div>
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<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Contact your
current lender </b>- if you currently have an adjustable rate
mortgage (known as an ARM) you should discuss with them the possibility of
refinancing to a fixed rate mortgage. Let them know how much work you have
already done in research. Advise them that you have done the
calculations (and at what rates), if you are paying off credit card debt
(known as a cash out refinance). Also let them know what you have
found out about the current market value of your home and any information
that might be pertinent from your credit report.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Contact other
lenders</b> - contact other lending institutions after you speak with
your current home lender (regardless of what they tell you) and find out
if you can get a quote for a lower interest rate. While these quotes
are usually non-binding until contract, they will give you some leverage
with your own lender. Make sure you provide these lenders with the
same information you provided to your lender (with the addition of your
current outstanding mortgage).<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Negotiate</b> -
there is usually room for negotiations with your lender. You may be able
to get them to waive all (or some) of the closing costs, if you decide to
stay with the same lender many times there are other fees they would
consider waiving. You should attempt to get the best deal
possible when you are attempting to refinance your home. </span></li>
</ul>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">These are some of the best strategies to employ when you are
considering refinancing your home. After you have thoroughly reviewed all the
implications of refinancing your home, you will see that these best strategies
can help you successfully close the deal.<o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-31351418719331334502020-01-07T14:30:00.000-05:002020-01-07T14:30:12.905-05:00Credit card debt reduction tips<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVmRQy5tAeF8VsHGthpJCJ-uwikl1BKrP7Nr_mA14OPkQOfGGGAKtkf-7PRBhVCH4tK30okjKOxoWq8P-buHwdivtRmb2Nt28PKnuiYDHmcXQuh_-0_b7KT0KX_OKJvUTvGMW2frqXAL4v/s1600/9003292_f260.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="249" data-original-width="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVmRQy5tAeF8VsHGthpJCJ-uwikl1BKrP7Nr_mA14OPkQOfGGGAKtkf-7PRBhVCH4tK30okjKOxoWq8P-buHwdivtRmb2Nt28PKnuiYDHmcXQuh_-0_b7KT0KX_OKJvUTvGMW2frqXAL4v/s1600/9003292_f260.jpg" /></a></div>
<div class="MsoNormal">
In a <a href="http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php">study
conducted by Creditcards.com</a> it was estimated that the average adult with a credit card maintains debt on those credit cards in excess of
$5,600. This amount is staggering,
and many people are searching for opportunities to reduce their credit card debt
but are uncertain as how to get started. Here are some simple to
implement credit card debt reduction tips.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Stop
using them</b> - all too often, having a credit card in our wallets
is like having permission to purchase anything we want at any time. Rather
than carrying your credit card (or cards) with you, leave them at home. If
you commit to using your credit cards only for emergency purposes, this
will be one way to immediately reduce your credit card debt. Avoid using
your credit cards for "want-to-have" items instead of saving for
them.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Consider
consolidation</b> - check all credit cards and determine which one has
the lowest APR. Once you do that contact them and ask about transferring
balances from your higher APR cards. If this is not possible, consider
searching for a lower APR credit card and consolidating all your balances
to that card. Some credit card companies may offer 0% APR for a specific
period of time for transferred balances.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Contact
Creditor </b>- contact your credit card company and ask them if they
would be willing to consider a reduction in your APR. This can be
accomplished if you have an excellent history with the card company. Many
card companies are willing to negotiate if you are not delinquent in your
payments.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Double
payments</b> - instead of making your minimum monthly payment, try
making payments that are equal to two monthly payments each month. This
will help reduce the interest you are paying on your credit cards and help
lower your balances faster. This is especially helpful if you are double
paying your higher interest rate cards.<o:p></o:p></li>
</ul>
<div class="MsoNormal">
Instead of swimming in credit card debt, plan today to help
reduce the amount you owe. If you use these simple to follow credit card debt
reduction tips, you may soon find your credit card debt down to far more
manageable levels. Get free of credit card debt beginning today. Remember, you
did not accumulate your credit card debt in one day, and credit card debt
reduction will not happen overnight. Using a sensible plan, you can free
yourself of your credit card debt.<o:p></o:p></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-7565157424922578102020-01-07T13:30:00.000-05:002020-01-07T13:30:04.875-05:00Important papers and documents you need to keep safe for future use<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWgOuFSHyTfKn98qxtg_y9RX3YAnZWo93quTT6t8cSwjJbxRYv16Me6MmueFF7CMwL4m3J8ofMugziHy2dzr7iogh0fLbMz5i-dHb3MxiIkkWcaMrW2rzN_9m1K9PLHEpOcKtUoQQRirk/s1600/checklist.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="319" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWgOuFSHyTfKn98qxtg_y9RX3YAnZWo93quTT6t8cSwjJbxRYv16Me6MmueFF7CMwL4m3J8ofMugziHy2dzr7iogh0fLbMz5i-dHb3MxiIkkWcaMrW2rzN_9m1K9PLHEpOcKtUoQQRirk/s1600/checklist.jpg" width="320" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
One challenge often faced by family members after the death of a
parent, spouse or other loved one, is finding important paperwork. Here
are some of the documents that family members may need access to. These
should be considered important documents and they should be kept safely for
future use.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Life insurance policies<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
You might be surprised to learn that <a href="http://streetlegalbeagle.blogspot.com/2014/09/how-to-locate-unclaimed-insurance.html">life
insurance policies</a> are difficult for family members to locate after a
death. In fact, nearly 20% of life insurance policies are misplaced and turned
over to states according to the <a href="http://nupn.com/">National
Unclaimed Property Network</a>. All life insurance policies along with
any addendum should be considered important papers and should be kept safely
for future use.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Bank statements<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Heirs are often in the dark about checking, savings, IRA, and other financial
accounts that are held by family members. It is critical that bank statements
are kept safe for future use. Along with the stress of a death in the
family, trying to find bank statements to make sure all assets are accounted
for can add additional stress. Considering bank statements important
documents will help keep them safely for future use.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Stock certificates or statements<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
In most cases today, stock certificates are held in "street
name" by the brokerage house that maintains financial accounts.
Because of this, it may make it more difficult to track stocks and bonds that
are owned. Rather than have family members trying to determine what you
own for stocks, bonds and other financial instruments, keep careful records.
These can be maintained in a file on your computer or may be kept in a folder
in a safe place. A record of dividend or interest checks should also be kept
safely for future use.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Real estate information<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
While family members may be aware you own one (or more) pieces of real
estate, there are other considerations that must be paid attention to if
someone dies. Deeds, mortgage documents, tax bills, and insurance documents
should be considered important documents. These must be kept safely for
future use.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Trust instruments and wills<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Over the years, if you have a trust document or a will, you may have
made changes to it. Keep all documents along with changes in a safe place
along with the name and telephone number of any attorney or other person who
has assisted in the preparation of these documents.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
There are several important papers and documents that you need to keep
safely for future use. These are just a small sampling of them. If you
are in doubt as to whether a document might be important, it is better to keep
it safely.<o:p></o:p></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-52478316162982381032020-01-07T12:30:00.000-05:002020-01-07T12:30:12.016-05:00How to transfer mortgage title ownership<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioB-S5JfYr9nxrqIRLexvGZireHnukpWmCzHj_2HZAI72vVmCoUykMQfRjFdCwwuhhn6wHDtH7Y0EQGYXrkIH86S90SLPnrgH1i9AW5RT3jdOrK74NOI__Tqt3pkiIpvfJkjZtgxeUb1k/s1600/deed.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioB-S5JfYr9nxrqIRLexvGZireHnukpWmCzHj_2HZAI72vVmCoUykMQfRjFdCwwuhhn6wHDtH7Y0EQGYXrkIH86S90SLPnrgH1i9AW5RT3jdOrK74NOI__Tqt3pkiIpvfJkjZtgxeUb1k/s1600/deed.jpg" width="320" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Transferring ownership of a mortgage title is a complicated legal
process that involves numerous steps. In most cases, homeowners should consider
getting legal assistance to make sure that this process is done properly. The
home title and the home deed are two different items, the deed specifies who
legally owns the home while the title to the home reflects who the owner is as
well as who has legal rights to the property based on amounts owed (if any).<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Investopedia <a href="http://www.investopedia.com/terms/t/title.asp#axzz1Qhd0MrKu">defines
title</a> as “<i>The right to the ownership and possession of any item
that may be legally recognized as belonging to someone or something...”.</i>
They further <a href="http://www.investopedia.com/terms/d/deed.asp#axzz1Qhd0MrKu">define deed</a> as
“<i>A legal document that grants the bearer a right or privilege, provided that
he or she meets a number of conditions...</i>”<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
In order to transfer mortgage title ownership, a deed is required in
all cases. Deeds may be prepared by an individual provided they understand
which type of deed they need. There are three common types: (a) quit claim
deed, (b) grantor deed and (c) warranty deed. In most cases, a quit claim deed
is used to transfer the ownership of property from one person to another. There
are other types of deeds, but these are the most referenced ones.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Reasons for transfers<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<a href="https://www.blogger.com/null" name="more"></a>A homeowner who has a mortgage on their home will have
the right to have the lien that is placed by the mortgage company removed from
their home via a deed. This provides the homeowner a title free from a mortgage
lien. The mortgage company typically completes this transfer once they have
received the final mortgage payment from the homeowner. The homeowner may then
be required to pay a fee to the mortgage company to pay for the filing fees
needed for filing the deed to transfer mortgage title ownership.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Those who have inherited property due to the death of a parent or
spouse may also need to have a deed drawn up to claim ownership of a property
left to them via a will. In some cases, the property has more than one name on
the title and the name of the decedent must be removed from the title. In this
instance, a deed would be filed to change the ownership from two owners to the
sole owner or in the case of parent to children transfers, from the parent to
the child. Generally, the administrator of an estate does this. In some cases,
a homeowner may have filed a <a href="http://www.investopedia.com/terms/d/deed.asp#axzz1Qhd0MrKu">beneficiary
deed</a> prior to their death which can make the process less complicated.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Complications hampering transfer<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
If a homeowner has a mortgage on a property, before they can transfer ownership,
they must obtain the approval of their mortgage lender. Most lenders have a
“pay on sale” clause or a clause that prohibits the mortgagor from transferring
the ownership of the property while monies are outstanding. In some cases, this
can still be done by filing a quit claim deed that goes into effect once the
mortgage is paid in full.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Understanding the process<o:p></o:p></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
A quit claim deed must be drawn up with the current name of the
property owner, the information regarding the property and the information on
the person who is going to be the new owner. The information for the property
often includes book and page number (found at the courthouse or other legal
authorities office) and a legal description of the property including the
mailing address. The legal signatures of the person transferring the property
and the person accepting the property may also be required.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
The deed then must be filed at the proper legal offices for the county
where the property is located. In some cases, this may be the county courthouse
while in other cases it may be filed with a registrar of deeds office. There is
generally a filing fee that is required to complete this type of a transfer.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
The reasons for transferring a title on a property are varied including
divorce, paying off mortgage or a gift to a child from a parent (before or
after death). Each municipality may have different rules when it comes to
filing the needed documents including when and where they are to be filed, if
they need a notary seal to validate them and whether fees are involved.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Those who are considering a transfer of mortgage title ownership need
to be aware of all the legal ramifications of this type of transfer including
assuming of property taxes on the property. Other considerations that must be
taken into consideration include whether a mortgage exists on the property.
While it is possible to facilitate this type of a transfer without the guidance
of a lawyer, it is strongly recommended that a qualified real estate attorney
be contacted for guidance.<o:p></o:p></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-62927364754889935952020-01-07T11:08:00.000-05:002020-01-07T11:08:04.787-05:00The high value of relationship-building<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8YgaopZe0_Gzj8o5uHFNSiK_jZj7zX_2Ib-IXJbbtWkqpdGM0tENdWw4v6I5GAuM3mlDVFZ9TDetN55xtFL4HENCN-mX3UDnU7ivS-lCT-yL4f0z0jIX7397glLJUSo83Axm2itfK2XmQ/s1600/Stuart+Miles+Negotiations.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8YgaopZe0_Gzj8o5uHFNSiK_jZj7zX_2Ib-IXJbbtWkqpdGM0tENdWw4v6I5GAuM3mlDVFZ9TDetN55xtFL4HENCN-mX3UDnU7ivS-lCT-yL4f0z0jIX7397glLJUSo83Axm2itfK2XmQ/s1600/Stuart+Miles+Negotiations.jpg" width="320" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;">As more businesses turn to the Internet
for marketing purposes, and fewer business ventures involve face-to-face
contact, one of the aspects of successful business marketing is getting lost.
In years past, companies depended on face-to-face relationships for building a
successful client base. Today, more business ventures are forced to accept the
new reality and learn relationship building from an entirely new
perspective. Building relationships with clients is still the best way to
find long-term success in business, it simply needs to be evaluated differently
in today's global economy. This leaves many companies struggling with gaining
more clients through successful relationship building in a new marketplace.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 12.0pt;">Communication matters<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;"><a href="http://www.entrepreneur.com/marketing/marketingcolumnistkimtgordon/article66228.html">Entrepreneur
Magazine</a> offered some great tips for relationship building. At the
very top of that list is developing information that helps clients make a
decision. Communication is the secret to great relationship building and this
can be done in numerous ways, even through the internet. Whether a company
decides to utilize social media, articles or newsletters, keeping clients
informed is the best way to strengthen the relationship.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 12.0pt;">Not all about sales<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;">While sales will drive long-term
business success, developing relationships will be what leads to long-term
client building success. When providing reliable, verifiable, and well thought
out information to customers and potential customers, do not always focus on
selling to that customer. One of the most effective ways to drive sales is to
enhance the credibility of the company, the leadership of the company and the
product or services that are offered. Providing great information while not
constantly begging for a sale can be very effective.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 12.0pt;">Customer development<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;">Another important aspect of relationship
building is active involvement. All too frequently, entrepreneurs tend to
filter their client relationships down to salespersons, customer service staff
and others in the company. Once the account is landed it is oftentimes easier
to do this than deal with them on an ongoing basis. However, keeping in contact
with clients on a regular basis can help not only develop that customer
further, but can lead to new business. Another important benefit of keeping
actively involved in customer development is staying in touch with what is
happening across the company. This regular interaction keeps the entrepreneur involved
in all aspects of the company.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;">There is little doubt that the internet,
social media marketing and a global marketplace have changed how entrepreneurs
deal with clients and potential clients. However, rather than becoming more
detached from the relationship-building aspect of business, this is the time
when better relationship building should become the norm. While business
development, product development and sales have a major impact on the long-term
success of a business, relationship building will ultimately be the deciding
factor in long-term success.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: xx-small;">Image credit: Stuart Miles: <a href="http://www.freedigitalphotos.net/images/shaking-hands-through-computer-shows-online-deal-photo-p211003">http://www.freedigitalphotos.net/images/shaking-hands-through-computer-shows-online-deal-photo-p211003</a><o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-52138026114899602992020-01-07T10:52:00.000-05:002020-01-07T10:52:13.367-05:00A simple investing strategy to help your money grow<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnpfIMawCG7mM3ZruWmBZfylZo4Fj5aofsFeQLPCuQOjNfOJa9fLElNd-Fl084AC55d0qFtUj5ubCfdxW0QYD_0vjSONySkaFP5ipDuu534RpVXemSHZnqRtNPwRmFbKFskD7akAhDQm0/s1600/plr4.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Georgia, Times New Roman, serif;"><img border="0" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnpfIMawCG7mM3ZruWmBZfylZo4Fj5aofsFeQLPCuQOjNfOJa9fLElNd-Fl084AC55d0qFtUj5ubCfdxW0QYD_0vjSONySkaFP5ipDuu534RpVXemSHZnqRtNPwRmFbKFskD7akAhDQm0/s1600/plr4.jpg" width="200" /></span></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">DRIPS (Dividend Reinvestment Plans) are the most common vehicle for
dollar cost averaging investments. These plans allow you to make small
investments on a regular basis. Combine a small monthly investment with
dividends that are received being put back in and soon you will have a nice
little nest egg.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><b>Short Term Dollar Cost Averaging</b><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">If you have only a modest amount of money to invest on a regular basis,
you might be wondering how to invest them. You can go to your local bank and
earn a standard interest rate. This will secure your basic investment and
slowly grow over time. The secret here is that it will grow slowly.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Dollar cost averaging allows you to invest that small amount into a
larger portfolio. You can create additional wealth by investing in a dollar
cost averaging stock plan. Many large companies offer these types of plans allowing
you to diversify your portfolio.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Like other stock market investments, there are risks involved. You may
find that over one year you have invested $1,000 and at the end of the year
your investment is worth $500. This is where a <a href="http://www.forbes.com/sites/greggfisher/2011/10/03/does-dollar-cost-averaging-make-sense/">dollar
cost averaging plan</a> can help you.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-family: Georgia, Times New Roman, serif;">Benefits of Dollar Cost Averaging in DRIPs<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">A dollar cost averaging plan means that when you invest additional
money you are investing in shares that have a fluctuating purchase price. You
may purchase some shares at $100 and others at $75. This brings down your
average purchase price.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Another benefit to <a href="http://www.sec.gov/answers/drip.htm">DRIP
plans</a> for dollar cost averaging is the ability to purchase fractional
shares. This means that if you have a stock that is worth $100 per share and
you receive a dividend (or make a small investment) that you will be able to
purchase less than one full share.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><b>Long Term Dollar Cost Averaging</b><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">When you continue a dollar cost averaging plan over time, you have the
potential for significant rewards. If you continue making regular investments,
you could recognize large gains in the value of your portfolio.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">As stocks go up and down in price, your cost per share changes. Over
time, your investment grows in increments and your cost of your shares changes
with nearly every investment. Here is an example of how your costs can change:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><b>Month 1</b>: Invest $100<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Cost per share of stock $50<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Own 2 shares<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Average cost: $50.00<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><b>Month 2: </b>Invest $50<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Cost per share of stock $45<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Own 3.11 shares<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">Your average cost is $48.23 ($150/3.11)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">You can see in the long term, the benefits would be significant.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><b>No guarantee of success</b><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">A dollar cost averaging system does not guarantee your investment. Like
any other stock market investment, you can lose your entire investment. Dollar
cost averaging with a DRIP plan does allow you to invest in several companies.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;">If you are considering any type of dollar cost averaging through a DRIP
plan, you will want to discuss the risks and rewards with a qualified financial
planner. They can help you understand how dollar cost averaging can work for
you.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Georgia, Times New Roman, serif;"><a href="http://www.sec.gov/investor/pubs/financialnavigating.htm">Dollar
cost averaging</a> using a DRIP program is a great way to save money.
Rates of return are much higher if you hold your positions for long periods. An
advantage of dollar cost averaging is that you can make a small amount of money
go a lot further.<o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-66845657675323245222020-01-03T09:00:00.000-05:002020-01-03T09:00:04.141-05:00How to request a hardship loan against your 401K<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcgpioHq30iCqxEY3T8O6fi6U5RjqZ2kBAxv3aNQc_IEunSwoGxKiq6GK_U3EOd8nrNbQZrfutEgzG-CBj-HhCZ-EApKKFmKOtomv8xaeA-mItWDmPqfdgZGoA8M6W1-WNBWD9NFTqVxvb/s1600/broken+piggy+bank.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="283" data-original-width="424" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcgpioHq30iCqxEY3T8O6fi6U5RjqZ2kBAxv3aNQc_IEunSwoGxKiq6GK_U3EOd8nrNbQZrfutEgzG-CBj-HhCZ-EApKKFmKOtomv8xaeA-mItWDmPqfdgZGoA8M6W1-WNBWD9NFTqVxvb/s320/broken+piggy+bank.jpg" width="320" /></a></div>
<div class="MsoNormal">
In tough economic times, you may need additional means to
make ends meet. A hardship loan against your 401(k) is strictly regulated by
the Internal Revenue Service and can often create additional hardships that
could be more of a burden for you later. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Hardship loans on a 401(k) are available, but the
restrictions are significant and the tax burden they create may not be helpful
to you in the end. It is also important to understand that a "loan"
implies the ability to repay. However, a 401(k) loan cannot be deposited
back to your 401(k).<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
With a hardship withdrawal there are specific prohibitions
against putting the funds back into your 401(k) and in fact, you may also be
restricted from adding funds for six months after such a withdrawal.
Additionally, you will pay up to 35% in taxes plus a 10% withdrawal fee. If you
still feel that a hardship withdrawal is the best way of securing emergency
funds, here are the <a href="http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Hardship-Distributions">IRS
defined rules for a hardship withdrawal</a> and the documentation
required:<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>College
Tuition</b> - You can borrow against your 401(k) under the hardship
withdrawal feature for tuition for yourself or a qualified family member.
You will be required to obtain a tuition statement from the educational
institution and proof of the student’s relationship to you.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Medical
Emergency</b> - If you need funds to pay for extreme medical expenses
this may be qualified under a hardship withdrawal. Medical bills will be
required for this type of withdrawal. If you are having a procedure done
that is requiring you to pay out of pocket, your plan administrator may
accept a statement from the medical facility about anticipated expenses.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Funeral
Expenses</b> - You may request a hardship withdrawal for funeral
expenses for a family member. This will typically require a death
certificate and proof of your relationship to the deceased.<o:p></o:p></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Principal
Residence</b> - A hardship withdrawal may be used to make a down
payment on a primary residence, stop foreclosure on a primary residence or
prevent eviction (if you rent). A hardship loan cannot be used for second
homes or investment properties. The documentation required in this
instance would be the foreclosure letter or eviction notice.<o:p></o:p></li>
</ul>
<div class="MsoNormal">
A <a href="http://money.cnn.com/magazines/moneymag/money101/lesson23/index4.htm">401(k)
hardship withdrawal</a> should only be used as a last resort. Since the
funds cannot be placed back in your 401(k) you will be diminishing the amount
that will be available when you retire. Contact your 401(k)-plan administrator
to see if they have special forms that must be used to request a hardship
withdrawal against your 401(k).<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<br />Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-1505457397072621042020-01-02T13:30:00.000-05:002020-01-02T13:30:15.163-05:00How to shed your holiday pounds<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIp8ZplFGGFyaG76rO3pOm7wqNi2J7a8FJCeEdR0uircQ5pFM8dryZ1MKvMFQ8en9LASXU54YKSZzm-bNm5FQFvjQBqGenMOsfQzy9xuF4QUkk-fIfNXqTicabZ_T5DORIoRcRolQ9aiA/s1600/ID-100121794.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Georgia, Times New Roman, serif;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIp8ZplFGGFyaG76rO3pOm7wqNi2J7a8FJCeEdR0uircQ5pFM8dryZ1MKvMFQ8en9LASXU54YKSZzm-bNm5FQFvjQBqGenMOsfQzy9xuF4QUkk-fIfNXqTicabZ_T5DORIoRcRolQ9aiA/s1600/ID-100121794.jpg" width="212" /></span></a></div>
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<span style="font-family: Georgia, Times New Roman, serif;">Everyone is wondering what the most effective way is to lose
weight. It does not seem to matter if we are short or tall, it seems like
every year, we are trying to shed holiday pounds. However, dieting isn't
a one size fits all proposition. The fact of the matter is that almost all of
us will put on upwards of five (5) pounds over the holidays - this is typically
the result of more get-togethers with friends, co-workers, and family - it's
almost inevitable.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;">If you are preparing to fight with losing those holiday
pounds, do not to fall prey to the ads you're seeing all over television for
"quick fix" drugs, juices or diets. No amount of drugging or starving
yourself is going to help you lose weight in a meaningful, sustainable way.</span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Control
your eating</b> - everyone can attest that it is not that easy. Do
yourself a favor - post a white board or other reusable board in your
kitchen. Every time you take something out of the cupboard, or the
refrigerator mark it down on your white board. At the end of the day take
your list and check out the caloric intake of everything you ate for that
day! You may find that you are eating far more than you realize! Keeping a
food diary (of some sort) can help you identify your trigger points as
well. Chances are you may be able to skip something that is adding useless
calories without feeling hungry.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Don't
skip breakfast </b>- You may that if you're trying to control your
eating that skipping a meal is one of the most effective ways to help you
curb your food intake right? Time and time again, the notion that <a href="http://www.webmd.com/diet/features/lose-weight-eat-breakfast">skipping
breakfast helps you lose weight</a> has been proven wrong. Skipping
breakfast typically will result in a crash in your already low blood sugar
(since you haven't eaten in at least 8 hours) and you're going to (1) eat
something you don't want just to put something in your stomach (2) eat
more than you really need.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Drink
water</b> - Drinking water helps you feel full (and is good for you
in other ways) so you will want to eat less. Plan on at least 4-eight-ounce
glasses of water daily. If you find this difficult try 8 four-ounce
glasses (which for many can be more palatable).<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Exercise </b>-
Don't overlook the simplicity of exercise - you don't need to run a
marathon every day to help you maintain a slim, trim figure. Get out of
the house and go for a walk - even around the block. If need be do it two
or three times a day. Short walks can not only help you feel better, but
they'll also help you keep those extra holiday pounds off.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Georgia, Times New Roman, serif;"><b>Simple
things -</b> If you drink coffee or tea with sugar and cream,
consider switching to a sugar substitute with lower (or no) calories and a
non-dairy creamer with low fat and cholesterol. This can be a major factor
for those who have a multiple cup per day habit!<o:p></o:p></span></li>
</ul>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;">Another common culprit to losing weight is soft drinks.
You'd be amazed at how quickly the calories mount up when you're
drinking soft drinks (including tonic water). While sugar free soft drinks can
help your waistline, be sure to check for sodium content which could cause
water retention. Retaining fluids can add a few extra pounds.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;">Losing a few pounds is much harder than putting them
on. While the threat of gaining a few extra holiday pounds does not
always curb our desire to eat, using common sense we can avoid putting on too
much weight. Using these tips in conjunction with a sensible diet can
help you lose those extra holiday pounds. Before you let the holiday battle of
the bulge result in pounds that keep adding up, learn how to shed your holiday
pounds.</span></div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-48939698205876843542020-01-02T13:00:00.000-05:002020-01-02T12:06:57.565-05:00Save time by using online banking<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ0dnTUpIQ0iGZbouhUDnQ4-mznf4oWlZthRf0y2XsKd0WxVRYN8p0k7NyhciMy9yPTNodRTQdB51gi6mpfcH7HpG1Uj8l3QXnsy3csVnOjpvzUXFUi0V-JSV5LbW4U5lv2ESxdR6wX2s/s1600/494499_piggy_bank_-_dollar.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ0dnTUpIQ0iGZbouhUDnQ4-mznf4oWlZthRf0y2XsKd0WxVRYN8p0k7NyhciMy9yPTNodRTQdB51gi6mpfcH7HpG1Uj8l3QXnsy3csVnOjpvzUXFUi0V-JSV5LbW4U5lv2ESxdR6wX2s/s1600/494499_piggy_bank_-_dollar.jpg" width="320" /></a></div>
<span style="font-size: 12pt;">For those who work outside the home full time, a lot of time
can be saved by using online banking. Unfortunately, those who work
full time often discover they are spending a portion of their weekends
running to the bank to make deposits and withdraw funds. This is inevitably
followed by a trip to the post office to secure stamps to pay bills. Online
banking has changed this and now, you can save time by online banking. Here are
some of the time saving features that you can use when banking online:</span><br />
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></b></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Direct Deposit<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Depositing your paycheck directly to your checking
or <a href="http://guidetounderstandingyourmoney.blogspot.com/2014/08/7-tips-for-saving-money.html">savings
account</a> means you do not have to make a special trip to the bank
to make a deposit. In addition to the time savings, you have the added benefit
of the funds being available almost immediately after your employer makes the
deposit. Naturally you have these benefits without using (or needing)
online banking but, online banking allows you to see exactly when new deposits
are made.<o:p></o:p></span></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></b></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Online Bill Pay<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Paying bills takes a fair amount of our time each month.
Insurance payments, tax payments, automobile payments, rent or mortgage
payments and more take time to write up and balance your checkbook.
Instead of spending that time every single month writing out checks, you
can set up online bill payments. You simply add your payee, the amount,
the due date and set it up once and literally forget it. No more running
out of stamps at the last minute, no more fighting to see where you missed the
dollar on your checking account statement and no more late payments.<o:p></o:p></span></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></b></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Balancing Your Checkbook<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Unless you write a lot of paper checks and do not depend on
an <a href="http://guidetounderstandingyourmoney.blogspot.com/2014/09/easy-ways-to-save-money-by-going-green.html">online
bill payment</a> system, your time to balance your checkbook should change
considerably. In fact, if you do most of your banking online, you can almost
eliminate needing to balance your checkbook. Instead, log into your online
account and you'll see your balance, all your deposits and all your
checks right in front of you. Few things could be easier.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Online banking can save time and can save money as well. You
can reclaim the hours you spend writing out checks to pay bills, reduce (or eliminate)
trips to the bank and reduce your trips to the post office. Just think about
all of the things that you can do with the time you save by using online
banking.<o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-14660928979115489612020-01-02T12:04:00.001-05:002020-01-02T12:04:13.835-05:00FHA Loan Changes for 2020<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwXwylJbCAQabh5GUwlHnyMiGtVZONWGGugpqvmmA3NcCkq1eBQEn4AOHjf0fqiCURzrN1ZVvibWZdRgswBZGZBuAiZd31S1Ox-pGAe36d6mEBSsOICmNNMbLSdo3YyzSrIg7RXeMqujQ/s1600/iStock_000009054725XSmall.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Georgia, Times New Roman, serif;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwXwylJbCAQabh5GUwlHnyMiGtVZONWGGugpqvmmA3NcCkq1eBQEn4AOHjf0fqiCURzrN1ZVvibWZdRgswBZGZBuAiZd31S1Ox-pGAe36d6mEBSsOICmNNMbLSdo3YyzSrIg7RXeMqujQ/s1600/iStock_000009054725XSmall.jpg" width="291" /></span></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
With interest rates currently low, thousands of people will be
considering refinancing their homes. Many will elect to use a cash out
refinance option. If you're one of the millions of Americans who currently have
a home mortgage with the Federal Housing Administration, the new <a href="https://www.fha.com/fha_article?id=2783">FHA cash out refinance changes</a>
made in 2019 which may impact your ability to take cash out of your home.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Cash out refinance changes<o:p></o:p></b></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
During 2019, the FHA allowed borrowers to take up to 85 percent of the
value of their homes when doing a cash out refinance. This was a reduction
which went into effect in 2009 in response to the mortgage crisis which was
going on at the time. In October, the FHA announced new changes which will have
an impact on those borrowers who are interested in taking cash out<span style="mso-spacerun: yes;"> </span>for the purposes of paying off credit cards,
paying for educational expenses, or for other reasons.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
One of the reasons for these changes was to reduce the risk lenders
face with defaulted mortgages. Keep in mind, at one time, borrowers were able
to borrow up to 95 percent of the value of their homes when doing a cash out
refinance. There were specific requirements including two (2) appraisals and
excellent credit. For many, this new change may have an impact on whether they opt
to refinance their mortgage during 20202.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>FHA Single Family Loan Limits</b><o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
For those borrowers who are interested in buying a single-family home,
or are considering refinancing their existing mortgage, FHA loan limits are critical.
The new guidelines set out by the FHA for single family homes in low-value
areas is $314,827 and those in high-value areas is $726,525. <span style="mso-spacerun: yes;"> </span>The FHA estimates that slightly more than 80
percent of all borrowers will be subjected to the $314,827 limits.<o:p></o:p></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Borrowers should also be aware that there are <a href="https://www.hud.gov/program_offices/housing/sfh/203k/203k--df">loans
available for home repairs</a> which have less stringent guidelines than those loans
which are considered cash-out refinances. These loans, known as 203(k) loans,
allow homeowners to make all types of repairs without worrying about how to pay
for the repairs out of pocket. There are certain guidelines which must be followed,
and the minimum loan amount is $5,000. Structural repairs, modernization, and energy
efficient changes are all allowed under this program as are changes to
accommodate a resident who needs their home modified due to disability.<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
Homeowners and home buyers are encouraged to review the information provided on the <a href="https://www.hud.gov/program_offices/housing/sfh/owning#5" target="_blank">FHA website</a> for additional information including credit requirements before they pursue financing.</div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-32745473868201316022019-08-31T17:00:00.000-04:002019-08-31T17:00:13.013-04:00Lions Clubs: Service with a purpose<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9-tcTqjcmdOjsTmU-99bbKOY3z6pfNG_NCGMXgzwFo5Ef5c0Pfj9RCnC-MT70WS0i3voG3CyGOnvnSKWJxvU65WIbeM0s69_kMEMpcayDG3B1wCfTwR4IuQk0PQX865CnxSriAeLVpgI/s1600/Lions+Clubs+International.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9-tcTqjcmdOjsTmU-99bbKOY3z6pfNG_NCGMXgzwFo5Ef5c0Pfj9RCnC-MT70WS0i3voG3CyGOnvnSKWJxvU65WIbeM0s69_kMEMpcayDG3B1wCfTwR4IuQk0PQX865CnxSriAeLVpgI/s400/Lions+Clubs+International.jpg" width="400" /></a></div>
Every day we are inundated with requests for money from charities. In these difficult economic times, most of us are most interested in those charities that are local and help the needy in our own communities. These charities exist, you merely need to find them. This isn't always the easiest endeavor because many charities that help the needy are hidden away and don't have the budgets to blow their own horns. Let's look at a charity that you might not even be aware is in your community.<br />
<br />
<b>An International Presence</b><br />
<br />
<a href="http://www.lionsclubs.org/EN/index.php">Lions Clubs International </a>- Founded in 1917 by a group of Chicago businessmen, the goal of Lions Clubs International has always been to serve. Lions serve all of mankind with a focus on those who are in need. By their mandate, Lions Clubs all over the world (located in 205 countries and geographic areas) raise money in their communities for one purpose. For helping those who are in need of their assistance.<br />
<br />
Lions serve without a lot of fanfare. Men and woman all with a common goal of helping mankind. <a href="http://www.lionsclubs.org/EN/lci-foundation/index.php">Lions Clubs International Foundation </a>is the grant making arm of Lions Clubs International. With donations from private trusts, Lions Clubs and Lions all over the world, grants are offered for building schools, hospitals, rebuilding after national disasters and more.<br />
<br />
Since 1925 when Helen Keller appeared at their convention, Lions have dedicated themselves to eradicating preventable blindness. They do this through a variety of programs including Sight First, Eyemobile's that are funded partially by Lions Clubs International and many other sight related projects. But, Lions don't stop there. Let's take a look at some of the things that happen on a local level.<br />
<br />
<b>On a local level</b><br />
<br />
Lions Clubs individually are comprised by men and women who feel that they can do something good in their community. These Lions join together and raise money by hosting pancake breakfasts, black tie galas, carnivals and flipping thousands of hamburgers annually. Fund-raising is one of the most challenging aspects of running a Lions Club. All dues that are paid by members are used to pay administrative costs of the clubs. This is because each club agrees that one hundred percent of the money that is raised for charity in the community must be donated to charity.<br />
<br />
Food pantries, heating funds, holiday gift funds, food baskets, eye glasses, hearing aids and more. Lions all over the world help those who need their assistance in any way they possibly can. Lions do not just donate money. Hundreds and thousands of hours of service are accrued every year by Lions who help sponsor blood drives, clean highways, build ramps for the disabled, clean yards and install air conditioners for the elderly.<br />
<br />
There are many more things that Lions do in the community. Lions Clubs International is one of the charities that help the needy at home and abroad. Consider contacting your <a href="http://www.lionsclubs.org/EN/find-a-club.php">local Lions Club</a> and learning more about the various ways they give back to the community.</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-58797319183235359222019-08-31T16:00:00.000-04:002019-08-31T16:00:04.357-04:00Regaining financial independence after divorce<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3KW2avB-R8V5MQGhOzvAkfyFhk2PhgABnzBFrhhE7bUsutWWWb25dhtYgyfQLDbv10jS6PE3eUlvO47suCHUgn7SBtpVyJAiLJuH9QRYmpTtTPh3gwN1Gt7fXmKi4MNJD0fb7L20DVQU/s1600/Rings.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="162" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3KW2avB-R8V5MQGhOzvAkfyFhk2PhgABnzBFrhhE7bUsutWWWb25dhtYgyfQLDbv10jS6PE3eUlvO47suCHUgn7SBtpVyJAiLJuH9QRYmpTtTPh3gwN1Gt7fXmKi4MNJD0fb7L20DVQU/s400/Rings.png" width="400" /></a></div>
Divorce statistics in the United States are staggering. In fact, the <a href="http://www.cdc.gov/nchs/nvss/marriage_divorce_tables.htm" target="_blank">Centers for Disease Control and Prevention</a> released a report in 2011 that indicated that marriage rates were 6.8 per 1,000 people and divorce rates were a staggering 3.6 per 1,000. This data was based on results from 44 states and the District of Columbia.<br />
<br />
When you consider the emotional impact of divorce, it is not any small wonder that finances are not always at the top of the couples list until the very last minute. Once the divorce papers are signed, both men and women may find that they are having trouble regaining financial independence after divorce. Let us explore some of the financial challenges and some possible solutions.<br />
<ul style="text-align: left;">
<li><b>Mortgage/Rent</b> - Unless you sold a home and garnered a profit from that sale as a condition of a divorce, chances are that you have debt from a mortgage. At a minimum, you will have monthly rent payments. What once was easy to pay in a two income home suddenly becomes an overwhelming challenge. Before you panic or ignore a potentially devastating financial setback, you should begin exploring your options. If you are paying a mortgage on a home, it may be time to consider some options if you feel that you will be unable to make your mortgage payments. These options include (a) selling your home or (b) renting one or more rooms out. Either of these methods can help you regain your financial independence after divorce. If neither of these options are feasible, you may have to consider a part time job to make up the shortfall.</li>
<li><b>Credit Cards</b> - Chances are very high that both the spouses in a divorce have taken on part of the credit card debts that were incurred during the marriage. The best you can do with credit card debt is pay it off as quickly as possible. If you believe you cannot make more than your minimum monthly payments, you may want to explore debt consolidation loans that will pay off all of your credit cards and have one monthly payment to deal with. Chances are this single monthly payment will be less than the combined minimum payments. This is another positive step towards regaining your financial independence after divorce.</li>
</ul>
Typically these are the two main debts that are going to create major financial issues for you after a divorce. It is important that you sit down as quickly as possible and create an action plan that includes a list of your debts and your income. If your income is insufficient to maintain your current debt levels you will have to explore ways to increase your income. This may mean asking for a raise, looking for a higher paying job or learning to earn money online in your spare time. It may also involve getting a second job. None of these options is appealing for many, however they will be necessary if you are working towards regaining your financial independence after divorce.</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-37239238265589966562019-08-31T14:22:00.001-04:002019-08-31T14:22:38.435-04:00Does homeowners' insurance protect the valuables of kids at college?<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9ncGEvNC2XeV1HgRrN6cN9a-wMwXfjvD546wmJ_5358E7fJgGdJB5TRkxDKl0Db4dkT-EdcphGogqGcApG1R1oqh-vAGOedZrgtGSWU5kTgji3rxlGaTrpjyNjgzDnm1WG6Y4knmvhE/s1600/Writing+for+a+living.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9ncGEvNC2XeV1HgRrN6cN9a-wMwXfjvD546wmJ_5358E7fJgGdJB5TRkxDKl0Db4dkT-EdcphGogqGcApG1R1oqh-vAGOedZrgtGSWU5kTgji3rxlGaTrpjyNjgzDnm1WG6Y4knmvhE/s1600/Writing+for+a+living.jpg" width="281" /></a></div>
Many homeowners' insurance policies will cover students' belongings away from home. This isn't always true though. Before your child heads off to school, you will want to find out what your homeowners insurance covers. The part of your homeowners' insurance policy that you're gong to want to verify is your Personal Property coverage - however, there are some things that you need to be aware of!<br />
<br />
Homeowners' insurance policies often place limitations on what <a href="http://www.money-zine.com/financial-planning/buying-insurance/personal-property-insurance/" target="_blank">personal property may be claimed</a>. This is especially important if your child is heading off to school and taking valuable computer equipment with them. Check your homeowners' insurance and see what the limitations are on electronics. If the limitations are in fact restrictive, you may want to consider renters insurance for your child.<br />
<ul style="text-align: left;">
<li><b>Find out location limitations </b>- each homeowners' insurance company is allowed to put different limitations on their homeowners' policies (and personal property). Some may state specifically that only items that are kept in the home are covered by the homeowners insurance. If you find this is the case, you're going to want to look into the possibility of renters insurance.</li>
<li><b>Sufficient Coverage</b> - If you have 2 or 3 children in college at the same time you probably need to verify with your insurance agent if your homeowners insurance personal protection coverage applies to each of them. While it's highly unlikely that all 2 or 3 will have a problem at the same time, there's no point in taking that risk. If only one child is covered you might want to consider renters insurance for the other child (or children).</li>
</ul>
Nearly all homeowners' insurance has limitations on what it will and will not cover - whether it's in your home or in a child's dormitory. Make sure that you find out all of the restrictions and the potential problems that you might run into. Do not make the assumption that your homeowners insurance covers things, always verify them!<br />
<br />
<b>Homeowners' Insurance versus Renters' Insurance</b><br />
<br />
If you're trying to decide what's best for your child using your existing homeowners' insurance (increasing personal property limitations) or renters' insurance the best option for you is to speak with your homeowners insurance agent and find out the cost of the two types of insurance. In some instances it might be more cost beneficial to you to increase your personal property amounts on your homeowners' insurance. <br />
<br />
If you decide that renters' insurance is the most beneficial carefully review the renters' insurance policy for all limitations. You may find out that things you anticipated would be covered are not. Remember that both homeowners' insurance policies and renters' insurance policies will have specific limitations on values (especially for jewelry, furs, and other luxury items). If your student is going to have a large screen television for example you may need to show proof of purchase to the insurance company before they will agree to increase your personal property coverage on your homeowners' insurance policy (or renters' insurance policy).</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-52356257126080987382019-06-04T10:30:00.000-04:002019-06-04T10:30:04.197-04:00What to do when a foreclosure notice arrives<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://upload.wikimedia.org/wikipedia/commons/a/a9/Sign_of_the_Times-Foreclosure.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/a/a9/Sign_of_the_Times-Foreclosure.jpg" height="240" width="320" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Foreclosure - this single word can
strike fear into the heart of any person regardless of their status in life.
Society tends to think that if a person is facing foreclosure, they are
deadbeats who lack motivation and refuse to pay bills on time. However, the
reality is that many homeowners who are facing foreclosure are hard-working
people who have fallen on hard times during a financial crisis.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">While the primary cause of foreclosure
is failure to pay a mortgage or tax bill on a home, the underlying causes are
far more complicated. Those who have been laid off from good paying jobs,
people who have gone through a costly divorce or those who have had medical
issues that have weighed down their financial abilities all may be facing
foreclosure. Combine this with the less than scrupulous mortgage lenders and
brokers who preyed on unsuspecting homeowners and told them they could help
them get out from under homes they could not afford, and you have a recipe for
disaster.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Regardless of the reasons that a person
is facing foreclosure, what is more important is to understand what to do once
the foreclosure notice has arrived in the mail. Although the initial reaction
may be to ignore it, this is not only lacking in sense, but it will not make
the problem go away. Here are some things that a homeowner can do when
they receive a foreclosure notice.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Evaluate current financial position</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">The first thing that a homeowner should
do when they receive a foreclosure notice is to sit down and honestly evaluate
their current financial status. Before taking any additional steps, a
homeowner must be certain they can continue to pay their mortgage, taxes,
insurance and continue to maintain the home. Once a homeowner determines
they can resolve their finances to maintain the home then they can proceed to
the next step.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Contact the lender</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">It is important that a homeowner contact
their lending institution when they are facing foreclosure. This is especially
helpful if there has been a financial crisis that has been resolved. Many
lenders may be willing to work with a homeowner to bring their mortgage current
without needing to pay all of the arrears at one time. Past due amounts may be
divided up over a twenty-four-month period (or longer) depending on the lender
and added to the current mortgage payment.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Most lenders have a loss mitigation
department. Remember, lenders are not in the business of property ownership.
Many feel it is in their best interest to work something out with the current
homeowner to continue paying their mortgage.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Homeowners who cannot afford their
mortgage</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">For a homeowner who has determined it is
not financially feasible for them to continue living in the home, the lender
should still be contacted. The homeowner should review their loan documents and
see if there is a "deed in lieu of foreclosure" clause in their mortgage.
If there is such a clause, the homeowner should negotiate with the lender
regarding any potential <a href="http://www.nolo.com/legal-encyclopedia/after-the-foreclosure-deficiency-judgments-taxes">deficiency
judgment</a> (provided the state allows such a judgment).<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">While the end result will be the same
(e.g., the homeowner gives up their home and their credit is negatively
impacted), the drawn out process of foreclosure does not have to be a burden to
the homeowner or to the lender.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">When lenders refuse to negotiate<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">While it may be less common, sometimes a
lender refused to negotiate. A homeowner may <a href="http://www.makinghomeaffordable.gov/pages/default.aspx">contact FNMA</a> and
ask about the programs that are available to help them save their home from
foreclosure. Never accept any offer from a person contacting you about saving
your home from foreclosure that involves paying a fee. The programs that are
legitimate are free to all homeowners and this help should not require payment
of any fees.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">While it may be tempting to ignore a
foreclosure notice, it is very short-sighted. Deciding if there is stable
income that will allow a homeowner to keep their home is the first step in
deciding what steps to take. Negotiate with the lender, work with the
approved government programs and if all else fails, a homeowner may consider
filing bankruptcy to stop the foreclosure process. None of these methods will
be effective if the homeowner does not have a stable income.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 14.0pt;">Image credit:
By respres (<a href="http://www.flickr.com/photos/respres/2539334956/">http://www.flickr.com/photos/respres/2539334956/</a>)
[CC-BY-2.0 (<a href="http://creativecommons.org/licenses/by/2.0)">http://creativecommons.org/licenses/by/2.0)</a>],
via Wikimedia Commons</span></div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-13692994433053765952019-06-03T10:30:00.000-04:002019-06-03T10:30:03.169-04:00How to locate unclaimed insurance policy benefits<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxuRiAz156Wq7TvxKW6wvoXn4z0hhtfB6E9AB-EC6ryOsMhOUmzKQjJdQpkzUoeLUKNxkmR88Tfwyd1zGDKgGwoPJTms6PoE8L_NvuCAGtBrF_MVhAYZax-noZmBvnnyEXL_SpSRAkHnA/s1600/question.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="319" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxuRiAz156Wq7TvxKW6wvoXn4z0hhtfB6E9AB-EC6ryOsMhOUmzKQjJdQpkzUoeLUKNxkmR88Tfwyd1zGDKgGwoPJTms6PoE8L_NvuCAGtBrF_MVhAYZax-noZmBvnnyEXL_SpSRAkHnA/s1600/question.jpg" width="320" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">There is significant evidence that shows
that billions of dollars in life insurance benefits go unclaimed on an annual
basis. In fact, in February of 2011 the <a href="http://www.nytimes.com/2011/02/26/your-money/life-and-disability-insurance/26wealth.html?pagewanted=all">New
York Times</a> indicated that millions (and perhaps billions) of dollars in
unclaimed insurance benefits are turned over every day to states. When a
policyholder dies, the insurance company must be notified of the death in order
for them to begin the process of redeeming death benefits and paying them to
the proper beneficiaries.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">However, all too often, beneficiaries
are not aware that there is an existing policy. When an insurer does not hear
from a policyholder, they will eventually turn the property over to the state
as unclaimed property. This means that beneficiaries need to know how to
located unclaimed insurance benefits. Here are some tips for making sure
that life insurance policies are not overlooked.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Review checkbooks and mail</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Dealing with the loss of a loved one
involves high levels of stress and often little things get overlooked. One of
the first things that can be done to help prevent unclaimed insurance benefits
is to review bank statements, checkbooks and recent mail. Policyholders are
often paying a monthly or quarterly premium for life insurance that may be
identifiable from either bank statements or from cancelled checks. Insurance
companies may also send an annual statement or mail a premium due notification.
It is generally a good idea to have all mail forwarded to a responsible
person immediately after death as this would help identify any premiums due.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<a href="https://www.blogger.com/null" name="more"></a><b><span style="font-size: 14.0pt;">Contact insurance
agents</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Many people have their homeowner’s
policy, life insurance policy and other insurance policies with the same agent.
This can be very helpful as the agent may be aware of life insurance policies
that were in effect. Many life insurance companies ask on applications if the
policyholder has additional policies. The agent may have an original
application on file with other information that could be helpful. It is
important to note that in these cases, the agent may request a copy of the
death certificate as well as proof that someone is authorized to find this
information (e.g., copy of will, appointment of executor etc.).<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Contact place of employment</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">One of the many overlooked insurance
policies are those that are purchased through payroll deductions. Calling the
last place of employment of the deceased may result in the discovery of an
active insurance policy that may otherwise go unclaimed. Typically, the Human
Resources department of a company will be able to advise someone of there was a
life insurance policy in place. They can also provide information on how to
claim the benefits.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Safe deposit boxes</span></b><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Some people have safe deposit boxes that
are used specifically for holding important documents. Heirs should carefully
review all of the documents that are contained in safe deposit boxes to
determine if there are any life insurance policies. When (if) they are found,
contact the company directly for information on how to redeem the benefits from
the policy.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">While there are limited resources for
tracking life insurance policies, even if no evidence is found that shows that
a policy exists, there still may be unclaimed insurance policies. It is
important for heirs to realize that there is no time limit on collecting life
insurance benefits that may be due to them. For heirs who believe there may be
unclaimed policies, it is often beneficial to try to locate these policies
through asset searches.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Each state has laws called “escheatment”
laws (e.g., <a href="http://www.unclaimed.org/what/">unclaimed property
laws</a>) that require all financial institutions to turn over assets to the
state after specific periods of time. The time period is between three and five
years depending on the state. If policies are turned over to the state, they
can be located free of charge from the states Unclaimed Assets Division or by
using the free services offered by the <a href="http://www.unclaimed.org/default.asp">National Association of Unclaimed
Property Administrators</a>.<o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-21904977628466387712019-06-02T10:30:00.000-04:002019-06-02T10:30:02.710-04:00Understanding Type 2 Diabetes<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Insulin_pen.JPG/320px-Insulin_pen.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Insulin_pen.JPG/320px-Insulin_pen.JPG" /></a></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;"><a href="http://www.mayoclinic.com/health/type-2-diabetes/DS00585">Type 2 diabetes</a> affects
between 90 and 95 percent of all the people who have diabetes (estimated to be
21 million people). This means that their body does not effectively use the
insulin that they produce. This results in a buildup of glucose affecting other
parts of the body.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Dehydration is one of the most
significant risks that diabetes patients face. This is caused by the kidneys
attempting to rid themselves of built up glucose. The kidneys work harder
creating more urine and the results can be devastating. In some patients,
unchecked dehydration can trigger a diabetic coma. Other issues include nerve
damage, potential heart problems and also the potential for diabetic
retinopathy caused by damage to the blood vessels in the eye.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Risk factors for Type 2 Diabetes<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">It is true that nearly anyone can be
diagnosed with Type 2 Diabetes. However, some people have more risk factors
than others. These include those who fail to eat a proper diet and people who
fail to get enough exercise. Women who had gestational diabetes may also be at
higher risk for Type 2 Diabetes. Genetics also play a role, and those with a
history of diabetes in the family may be more prone.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Understanding the symptoms<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Not everyone has the same symptoms when
they are diabetic, however there are some common symptoms which should be
monitored. They include unexplained thirst which occurs frequently, unexplained
hunger, excessive cases of dry mouth, unusual urination frequency to name a
few. The more pronounced the symptoms, the more likely that you need to have
them checked. It is a good idea to review all of the potential symptoms of Type
2 diabetes, especially if you are at risk for developing this disorder due to a
family history.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Associated diseases<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Those who suffer with Type 2 Diabetes
may also be at higher risk for other diseases. These may include (but are not
necessarily limited to) diabetic retinopathy, kidney disease and
gastroparesis. These potential problems can be minimized by working with
your medical professional to make sure that you have a solid plan in place to
maintain your blood glucose levels at normal levels.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 14.0pt;">Minimizing the risks<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">There are several ways that diabetic
patients can manage the risks associated with Type 2 Diabetes including a
proper diet, plenty of exercise and keeping your cholesterol and blood pressure
within normal limits. Type 2 diabetes management is critical to your overall
health.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">The health risks of t<a href="http://www.jdrf.org/index.cfm?page_id=103442#types&mkwid=s9xqEmqvi&pcrid=16575034790">ype
2 diabetes</a> can be devastating to your overall health. However, with
proper care and management, you can overcome many of them. Working with your
physician to understand how to best manage your Type 2 Diabetes is critical to
your overall health and well-being.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<i><span style="font-size: 14.0pt;">Image credit: Public Domain via
Wikimedia Commons: Pre-filled insulin syringe ("insulin pen").
Picture taken by PerPlex.</span></i><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
<br /></div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-4948728608627036322019-06-01T12:23:00.002-04:002019-06-01T12:23:29.967-04:00A visitor's guide to Budapest, Hungary<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://upload.wikimedia.org/wikipedia/commons/1/10/Budapest_Szabadsag_ter_1912.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/1/10/Budapest_Szabadsag_ter_1912.jpg" height="255" width="400" /></a></div>
<br />
<div class="MsoNormal">
The capital city of Hungary, Budapest is the country's
commercial and administrative center encompassing twenty-three districts.
Budapest is one of the world's most beautiful cities and perhaps one of the
most popular destination spots in Europe. Budapest is split by the River Danube
and both sides have an equal amount of sightseeing options for even the most
discerning traveler.<o:p></o:p></div>
<div class="MsoNormal">
<b><br /></b></div>
<div class="MsoNormal">
<b>Bridges<o:p></o:p></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
If you really love <a href="http://www.bridgesofbudapest.com/">bridges,</a> you will get a
variety of them in some distinctive shapes, sizes, and construction materials
from the Arapad Bridge, which is the longest in Budapest, to the newest bridge
Lagymanyosi Bridge with its unusual lighting.<o:p></o:p></div>
<div class="MsoNormal">
<b><br /></b></div>
<div class="MsoNormal">
<b>Museums<o:p></o:p></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Museum lovers will not want to miss <a href="http://www.btm.hu/___english/fooldal/front.htm">Castle Museum</a> with
its 5 exhibition halls offering everything from the Tomb of Gul Baba to
Medieval Jewish Chapel helping to understand the history of Budapest. You also
want to stop and check out the <a href="http://www.mng.hu/en/collections">Hungarian
National Gallery</a> offering medieval carvings, wooden sculptures, alter
pieces, as well as baroque art and much more for those who love the arts.<o:p></o:p></div>
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<b>Outdoor Attractions<o:p></o:p></b></div>
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If you want to be outdoors, there are a variety of
attractions for you to explore and still enjoy the mild weather including
Acquincym, which is a wonderful open-air museum, Gul Baba Turbeje shrine and
statue park.<o:p></o:p></div>
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For a bit of adventure you can head over to the Buda Hills
where you can explore major caves, or check out the Buda Hill Labyrinth or
check out the Sziget Festival with great acts and a lot of cultural offers for
everyone!<o:p></o:p></div>
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<b><br /></b></div>
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<b>Outdoor Theater<o:p></o:p></b></div>
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Between September and June, you will find a wide variety of
theatre and opera events since Budapest is the center of Hungary's theatre
scene from the breathtaking opera and ballet at the <a href="http://www.opera.hu/">Hungarian Opera House</a> to Theatre Madach,
which offers critically acclaimed shows.<o:p></o:p></div>
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<b>Day Spas<o:p></o:p></b></div>
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Few tourists will want to miss an opportunity to try out one
of the day spas offering you saunas, stem baths and a variety of cafe's, juice
bars, opportunity to check out the swimming tubes and open air pools Szechenyi
Spa is one of the most popular in the area and open typically the longest hours
in comparison to others.<o:p></o:p></div>
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<b>Eating<o:p></o:p></b></div>
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Whether your tastes in food are Japanese, Korean or
Hungarian, you'll find a wealth of restaurants in Budapest, from reasonably
prices to very high priced. Wasabi offers the best Japanese and Korean foods
for those with big appetites you will want to try out Trofea Grille, which
offers an all you can eat buffet and if you are looking for more traditional
Hungarian fare you will enjoy Leroy Cafe.<o:p></o:p></div>
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<b>Night Life<o:p></o:p></b></div>
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When you're searching for an active night life, you will
definitely not want to miss some of the adventurous open-air evenings you can
spend in Budapest! From <a href="http://www.a38.hu/">A38</a> which is
a boat converted to a nightclub, to Dokk Beach offering six different looks (beach
club, club on the bridge, bed themed club, dancers in underwear and a rave
club) to Zold Pardon offering live concerts on a nightly basis.<o:p></o:p></div>
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You can tour Budapest on a budget or go all out and splurge
on your visit there. Regardless of what your budget it, you'll find a wealth of
activities designed to help you enjoy your trip!</div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-36259583344980522432019-05-24T09:49:00.002-04:002019-05-24T09:51:15.128-04:007 Ways to save money on vacation<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOO7AAH0Vthh0BoM04JkUDkOTo_LOQTL0WhRXAhfd8_lPr1NEM-oUpxRnx7crEZW_eCA10M6D_PQJ7IyECukM4p3DFuMbwzBzGznL8wk6Vh7b07vmZpzqWwaZ9rrkDlICz9-iTAtrLRGSm/s1600/Money+Making.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="379" data-original-width="317" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOO7AAH0Vthh0BoM04JkUDkOTo_LOQTL0WhRXAhfd8_lPr1NEM-oUpxRnx7crEZW_eCA10M6D_PQJ7IyECukM4p3DFuMbwzBzGznL8wk6Vh7b07vmZpzqWwaZ9rrkDlICz9-iTAtrLRGSm/s320/Money+Making.jpg" width="267" /></a></div>
We all love the idea of getting away after Memorial Day. After all, the children are out of school and many of us have unused vacation time at work. If you fall into this category, you might be wondering if it is possible to take a vacation and still save money. The answer is yes — in fact, here are 11 ways you can save money planning, traveling, and enjoying your vacation.<br />
<br />
<h2>
1. Use a Rewards Credit Card</h2>
<br />
While you do not want to pile on more debt to go on vacation if you have a rewards credit card, use it to book your trip! The rewards can add up quickly if you pay for your travel with a rewards card and you can use those rewards to save on other items. Make sure you pay the bill in full as quickly as possible.<br />
<br />
<h2>
2. Make the Most of Travel Loyalty Programs</h2>
<br />
Travel rewards are often available for those who travel via airline or stay in the same <a href="https://travel.usnews.com/rankings/travel-rewards/hotel-rewards/">hotel chain</a> time after time. Make sure if you are planning a stay you double check the company's loyalty program which can mean upgrades in travel, complimentary hotel rooms or even a complimentary breakfast. These rewards can add up quickly and save you money on your vacation.<br />
<br />
<h2>
3. Consider Camping to Really Save</h2>
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<br /></div>
Many of our National Parks have <a href="https://www.travelchannel.com/interests/national-parks/photos/best-national-park-camping-sites-in-america">inexpensive options for camping</a>. In addition to the savings you can realize by camping (no hotel rooms), you can also cook on site in many locations which means a savings in meals as well. Check out the National Parks sites and find out what options you have for camping with your family and you can save hundreds of dollars on a fun vacation.<br />
<br />
<h2>
4. Find the Best Last-Minute Deals</h2>
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Many travelers think the sooner they book their travel and hotel rooms, the better deal they can get on their travel. However, there are often <a href="https://www.lastminutetravel.com/">last-minute deals</a> which can be a bargain if you are traveling. Cars, destination city sights, and hotel rooms which offer discount rates can be identified saving you money if you wait until the last minute.<br />
<br />
<h2>
5. Saving Money on Food While Vacationing</h2>
<br />
There are many ways to save money feeding you and your family when you are vacationing. First, consider eating out at lunch time instead of dinner time. If this is not a viable option for you, consider checking out local restaurants for "Early Bird Specials" which often involves eating an early dinner instead of "prime" time for meals. These meals are typically limited in number and served only through a certain time of the evening. However, you can save $5 to $10 per person if you take advantage of these meals.<br />
<br />
<h2>
6. Check Out Popular Cash Back Websites</h2>
<br />
Cash back websites give you bonus points which can be converted to real dollars. If you check out some of the more popular <a href="https://www.ebates.com/search/stores.htm?store_name=travel&all=1&coupon=50&store=50&prod=602,661">cash back websites</a> you can find options to get cash back for purchasing suitcases, clothes for vacation, booking hotel rooms and booking travel arrangements. The good news is the extra cash can be used to pay off other bills reducing your debt or for extra spending money while you are traveling.<br />
<br />
<h2>
7. Make the Most of Multi-Attraction Passes</h2>
<br />
Another great way to save money on vacation is by searching for passes that will allow you to see multiple attractions over the course of two or more days for a discounted rate. There are many cities which offer <a href="https://www.smartdestinations.com/">multi-attraction passes</a> that are ideal for families on vacations. Whether you are interested in museums, parks, or other attractions, you may be able to find a pass that is right for your family vacation.<br />
<br />
<br />
While you may be working hard to <a href="http://patriotfunding.com/">pay down your debt</a>, that does not mean you have to avoid vacationing with your family. With a little planning, and some smart spending, you can enjoy vacation and still continue to save money.Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-15064892342101140142019-04-23T15:02:00.001-04:002019-04-23T15:05:07.627-04:00How to Eat Healthy on a Budget Starting Today<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOO7AAH0Vthh0BoM04JkUDkOTo_LOQTL0WhRXAhfd8_lPr1NEM-oUpxRnx7crEZW_eCA10M6D_PQJ7IyECukM4p3DFuMbwzBzGznL8wk6Vh7b07vmZpzqWwaZ9rrkDlICz9-iTAtrLRGSm/s1600/Money+Making.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="379" data-original-width="317" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOO7AAH0Vthh0BoM04JkUDkOTo_LOQTL0WhRXAhfd8_lPr1NEM-oUpxRnx7crEZW_eCA10M6D_PQJ7IyECukM4p3DFuMbwzBzGznL8wk6Vh7b07vmZpzqWwaZ9rrkDlICz9-iTAtrLRGSm/s320/Money+Making.jpg" width="267" /></a></div>
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We know eating healthy is important for everyone. Not only will it help
you focus at work, it can improve your overall health which means less money
spent on medical bills. You should think about healthy eating as a three-step
process: Planning, Purchasing, Preparing. Following these three "p's"
you too can find healthy ways to approach your meals while keeping within your
budget.<o:p></o:p></div>
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<b>Planning for Healthy Meals<o:p></o:p></b></div>
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While some of us are faithful about making a list, if you're going to
save money at the grocery store, a list is a necessity. Planning for healthy
meals begins before making shopping lists however, it starts with developing a
menu. Whether you shop once a month, once a week, or every two weeks, the first
step you should take is creating a menu.<o:p></o:p></div>
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Your menu can be created on note cards, online in the cloud, or you can
use a <a href="https://www.digitaltrends.com/mobile/best-meal-planning-apps/">meal
planner app</a>. Whatever method you choose, you should include
breakfast, lunch and dinner menus initially. If it's something new for you,
consider starting off with only a single week until you get into the habit of
planning a menu. Don't forget to account for leftovers when creating your menu:
Even if you use leftovers to make an omelet, or for lunch, it will reduce your
grocery budget.<o:p></o:p></div>
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Once you've created your menus, check your cupboards for staples which
can be eliminated from your shopping list. If you are short on spices, or other
necessities, consider traveling to your local dollar store to stock up at a
cheap price. If there are specific items on sale which you can make a healthy
meal from, you may want to tweak your menu a bit.<o:p></o:p></div>
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<br /></div>
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<b>Purchasing Items for Healthy Meals<o:p></o:p></b></div>
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From your menus, develop your shopping list. Arrange the list by
"type" of foods, for example, list all the meats together, list all
dairy products together, etc. This will help you stay focused while shopping
and may help curb impulse buying. Remember, the fewer aisles you must visit,
the less likely you are to give into impulses. Before heading to the market,
make sure you have something to eat: A hungry shopper is more likely to
overspend on items not on their list.<o:p></o:p></div>
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Just because you've been going to the same grocery store for years
doesn't mean you're getting the best deal. Scour your local advertisements for
items on sale, check online for <a href="http://www.thecouponclippers.com/online_grocery_coupons/index.html">grocery
coupons</a>, and identify the store where you can save the most money. Once
you're there, verify unit pricing of items — just because it has a name brand
on it does not automatically mean it's a better product. Generic or store brand
items often cost far less than their name brand counterparts and can save you
tons of money.<o:p></o:p></div>
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Bulk purchases can also save you a lot of money. For example, even if
your menu only calls for rice one night, you may save more money purchasing a
five-pound bag than a one-pound box. This means you must be aware of "use
by" dates so use your best judgment.<o:p></o:p></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b>Preparing Healthy Meals<o:p></o:p></b></div>
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One of the biggest challenges most of us face is time — you can save
time if you prepare meals on a day like Saturday or Sunday when you can spend
time cooking the "major" items like roasting a chicken or cooking a
roast. This will save you time during the week and help you avoid last-minute
takeout orders because you don't feel like cooking. The other option is to make
the most of a slow-cooker — you can put your meal into the cooker before you
leave for work in the morning and let it cook while you're away.<o:p></o:p></div>
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These are just a few tips that can help you eat healthy on a budget. As
you grow more accustomed to planning ahead for meals, chances are high you will
spend less. Remember to use extenders like frozen vegetables, store your
leftovers properly so they can be reused and take advantage of sales and
coupons.</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-9366159999584844692019-04-05T08:30:00.000-04:002019-04-05T08:30:05.920-04:00The Impact of Unfiled Tax Returns on Bankruptcy<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVmRQy5tAeF8VsHGthpJCJ-uwikl1BKrP7Nr_mA14OPkQOfGGGAKtkf-7PRBhVCH4tK30okjKOxoWq8P-buHwdivtRmb2Nt28PKnuiYDHmcXQuh_-0_b7KT0KX_OKJvUTvGMW2frqXAL4v/s1600/9003292_f260.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="249" data-original-width="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVmRQy5tAeF8VsHGthpJCJ-uwikl1BKrP7Nr_mA14OPkQOfGGGAKtkf-7PRBhVCH4tK30okjKOxoWq8P-buHwdivtRmb2Nt28PKnuiYDHmcXQuh_-0_b7KT0KX_OKJvUTvGMW2frqXAL4v/s1600/9003292_f260.jpg" /></a></div>
When filing bankruptcy, you will be obligated to provide a breadth of financial information along with your petition. The specific form to be filed is called a Statement of Financial Affairs for Individuals Filing for Bankruptcy. Generally, the information on this form is easy to fill out if you have access to your tax returns. Otherwise, you will have to recreate your income from pay stubs, bank accounts, and other documents. Unfiled taxes should be filed prior to filing a bankruptcy petition for several reasons but, failing to do so could cause you more problems than you think.<br />
<h2>
What Happens With Unfiled Tax Returns</h2>
The bankruptcy petition should be accompanied by your tax returns. Chapter 7 filings require you to have filed the last two years of tax returns while a Chapter 13 requires the filing of at least the last four years. However, in some instances, a debtor files for bankruptcy protection without understanding the implications of an unfiled return. Should you fail to file your returns first, the Internal Revenue Service may file a return on your behalf.<br />
<br />
Additionally, if you have prior filed returns and owe the IRS money, you may be able to have some of the debt discharged in bankruptcy. Should you have unfiled returns and be owed a refund, you may lose the right to collect a refund if one is outstanding. If you have unpaid taxes and your returns are unfiled, you could lose the right to have some of them discharged as part of a Chapter 7 and the unfiled tax returns will also mean you will be unable to restructure outstanding tax debt as part of a Chapter 13. In some cases, the court will reject your petition for bankruptcy should you have unfiled tax returns or you could <a href="https://www.forbes.com/sites/timtodd/2017/05/31/courts-continue-to-deny-discharge-for-late-filed-tax-returns/#72005ae67f9f">be denied a discharge of your petition</a>.<br />
<h2>
When the IRS Files Your Return</h2>
Should the Internal Revenue Service file your return on your behalf, you may be shocked at what happens. The <a href="https://www.irs.gov/individuals/understanding-your-cp2566-notice">substitute federal return</a> (SFR) is based on information received by the IRS from your employer. This means they will take into consideration any 1099's and W2 forms issued for monies earned.<br />
<br />
It is important for you to understand the IRS does not do any type of "deep dive" into your specific circumstances so you will only get a single exemption for yourself, they will not add any deductions which you may have been entitled to, and you will not be given credit for any tax credits you may be entitled to. Additionally, the IRS will add significant penalties for late payment and other penalties which will mean you are being issued an inflated tax bill.<br />
<h2>
Replacing the SFR</h2>
Should the IRS file substitute returns on your behalf, you can correct your tax filings by taking the necessary steps to file accurate returns on your own. This should be completed before filing your bankruptcy petition. Your bankruptcy attorney may recommend you seek assistance from a tax specialist before they complete your bankruptcy filing.<br />
<h2>
Tax Debt and Chapter 7 Bankruptcy</h2>
When you still owe the Internal Revenue Service money and you are filing bankruptcy, if you have filed late returns you may not be eligible to ask for part of the debt to be discharged. This is because the taxes must be owed for three years prior to filing. If the returns are filed just prior to filing bankruptcy, they do not qualify for discharge. When you are filing Chapter 13, you will be eligible to have any IRS debt included as part of your repayment plan as long as your returns are filed prior to your bankruptcy petition. You should discuss the impact of additional penalties and other fees charged by the IRS with your bankruptcy attorney when you meet to discuss your bankruptcy options.<br />
<h2>
Working With a Bankruptcy Attorney</h2>
Debtors who are considering filing for bankruptcy protection should make sure they inform their bankruptcy attorney about all of their financial obligations including unfiled state or federal tax returns. This is important because these returns will have an impact on your petition and may create additional problems if they are unaware of your tax filing problems. Since unpaid taxes are part of your overall debt, and uncollected refunds are a component of your assets, they could also have an impact on the decision to file Chapter 7 or Chapter 13 bankruptcy.<br />
<h2>
Tax Liens and IRS Wage Garnishment</h2>
Tax liens will not go away when you file Chapter 7, however, unless you were notified prior to filing Chapter 7 that you may be subject to a lien, the IRS is not able to file a new lien during the process. Another important thing to be aware of is if you have existing wage garnishments and file for bankruptcy protection, the automatic stay stops these collection activities. This could give you some time to negotiate a settlement for some debts, including taxes owed to the IRS. Talk to a bankruptcy attorney if you have existing wage garnishments so they can make sure they stop once your petition is accepted by the court.<br />
<br />
The decision to file for protection under the U. S. Bankruptcy Code is not an easy one. However, you should keep in mind thousands of people every year seek this form of protection. We have worked with clients who have suffered a financial setback due to illness, divorce, or work slowdowns or layoffs. Filing Chapter 7 will give you a clean slate from many of the debts you are facing because they will be discharged. Chapter 13 allows you to make payments over a period of up to five years allowing you time to get your finances in order and get a fresh start on rebuilding your future.<br />
<br />
<br />
Sources: <a href="https://www.uscourts.gov/forms/individual-debtors/your-statement-financial-affairs-individuals-filing-bankruptcy-individuals">Statement of Financial Affairs</a>Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-34518063962588072462019-04-04T14:30:00.000-04:002019-04-04T14:30:00.189-04:00Tips for avoiding diabetic retinopathy<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://upload.wikimedia.org/wikipedia/commons/8/8b/Diabetic_retinopathy-NIE.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/8/8b/Diabetic_retinopathy-NIE.gif" height="224" width="400" /></a></div>
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Diabetic retinopathy is one of the possible long-term complications to
consider when you are diagnosed with diabetes. <a href="https://www.nei.nih.gov/health/diabetic/retinopathy">Diabetic retinopathy</a> can
be avoided. These tips can help you reduce your risk of developing diabetic
retinopathy, or slowing the progression.<o:p></o:p></div>
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<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Have your eyes
examined</b> - If you are diagnosed with Type 1 Diabetes you should
have your eyes examined at least annually. An annual visit to an
ophthalmologist is essential to helping detect early retinal damage.
Retinal damage can be treated easily with laser therapy if detected early.
For those with Type II Diabetes, you should have an eye exam as quickly
after you receive a diagnosis as possible and it should be repeated
annually.<o:p></o:p></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Control Blood Sugar</b> -
Diabetic retinopathy can be avoided by closely monitoring blood sugar
levels. Follow any advice given by your doctor. Your diabetes is going to
require aggressive management and you must follow your physician's advice.
A hemoglobin test every three to six months can help evaluate how well
under control your blood sugar levels are. Every ten percent reduction in
your HbA1c levels (hemoglobin) can reduce your risk of developing diabetic
retinopathy by more than thirty percent.<o:p></o:p></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Maintain normal
blood pressure</b> - Whether you are diabetic or not, it is important
to keep your blood pressure normal. If you are a diabetic, blood pressure
is even more important. Increased blood pressure can result in the onset
or progression of diabetic retinopathy. Keeping your blood pressure at or
below 130/80 can help prevent possible long-term complications associated
with diabetic retinopathy.<o:p></o:p></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Quit Smoking</b> -
Many studies (though there are conflicting studies) show that cigarette
smoking increases the risk for developing diabetic retinopathy. This is
believed to be because of the tendency of those who smoke to have higher
blood pressure levels. Whether there is a direct link to diabetic
retinopathy has not been fully established. However, quitting smoking does
often help with lower blood pressure levels.<o:p></o:p></li>
<li class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><b>Controlling
Cholesterol</b> - Conflicting studies show that high cholesterol may
be associated with the risks of diabetic retinopathy. Lower cholesterol
levels are sensible for all of us, but for those who are diabetic it could
be even more important. Maintaining low cholesterol levels can reduce your
risk of heart attack and stroke. Some studies have indicated that lowering
your cholesterol may also lower your risk of developing diabetic
retinopathy. </li>
</ul>
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<b>Warning signs<o:p></o:p></b></div>
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<a href="http://www.diabetes.org/living-with-diabetes/complications/eye-complications/">Diabetic
retinopathy</a> is not generally symptomatic. There are changes that may
occur in your eyes that should be considered warning signs including loss of
vision in one eye, blurry vision, reading problems, double vision, pain in the
eye, feeling of pressure behind the eye or other changes that you are concerned
about.<o:p></o:p></div>
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<br /></div>
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Diabetic Retinopathy does not have to be one of the consequences of
your diabetes. Taking care of your blood sugar, blood pressure and blood
cholesterol levels can help reduce your risk of developing diabetic
retinopathy.<o:p></o:p></div>
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<br /></div>
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Source:<a href="http://www.webmd.com/"> http://www.webmd.com</a></div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-20961185812332318552019-04-04T13:30:00.000-04:002019-04-04T13:30:06.174-04:00Understanding the various Diabetes treatments<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://upload.wikimedia.org/wikipedia/commons/2/27/Blausen_0308_Diabetes_Type1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/2/27/Blausen_0308_Diabetes_Type1.png" height="300" width="400" /></a></div>
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Diabetic patients will need to work constantly with their health care
professional to guarantee their long-term health. Patients will require a
long-term treatment plan that works for them. Diabetes patients who are left
untreated, run the risk of many other health issues that can stem from
uncontrolled blood sugar levels. <a href="http://www.mayoclinic.org/diseases-conditions/diabetes/basics/treatment/con-20033091">Diabetes
treatments</a> are not the same for all patients although all treatments
have the same goal in mind, keeping your blood sugar in check.<o:p></o:p></div>
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<br /></div>
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Insulin dependent diabetes (Type 1) generally is diagnosed early in
life. For those patients, exercise and diet along with prescribed insulin
injections will likely be part of your long-term treatment plan. For
those who have non-insulin dependent diabetes (Type 2), not only will diet and
exercise be required, but you must be monitored for other problems.<o:p></o:p></div>
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<br /></div>
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<b>Type 2 Diabetes can create other issues<o:p></o:p></b></div>
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<br /></div>
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While neither form of diabetes is without other health implications,
Type 2 has certain dangers that are critical to understand. Type 2 Diabetes
means that your body may be unable to process the insulin that it creates. This
can lead to requiring a change in treatment plans to make sure that the body
continues to maintain healthy blood sugar levels.<o:p></o:p></div>
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<br /></div>
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<b>Treatments options vary<o:p></o:p></b></div>
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<br /></div>
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There are multiple treatment options for either type of diabetes. While
oral medication may work for some people, there are also insulin injections
(which may now be provided through the use of a pump) which may prove more
effective for some patients. Side effects from oral medication can range
from simple upset stomach to a more threatening low blood glucose level, which
must be addressed as quickly as possible. Whatever treatment options your
physician recommends, it must be adhered to carefully.<o:p></o:p></div>
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<br /></div>
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<b>Exercise and medications<o:p></o:p></b></div>
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<br /></div>
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It is important to discuss with your physician how your exercise plan
impacts your diabetes medication. In some cases, you may need to increase or
decrease your medication on days where you exercise heavily or do not exercise
at all. Both of these factors may have an impact on how your medication works.<o:p></o:p></div>
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<br /></div>
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<b>Know your risk factors<o:p></o:p></b></div>
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<br /></div>
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It is important that you understand all of the potential risk factors
for diabetes related problems. In addition, you should understand how your
treatment plan will affect those risk factors, including diabetic retinopathy,
heart disease and other ailments.<o:p></o:p></div>
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<br /></div>
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<a href="http://www.diabetes.org/">Patients who have diabetes</a> must
work closely with their health care professional to manage their diabetes.
Failing to do so can have a negative impact on your overall quality of life.
Understanding how to treat your diabetes using a combination of diet, exercise
and medication will help you stay healthier.<o:p></o:p></div>
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<br /></div>
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<span style="font-size: xx-small;">Image credit: By <a href="http://commons.wikimedia.org/wiki/File%3ABlausen_0308_Diabetes_Type1.png">BruceBlaus
(Own work)</a> [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)],
via Wikimedia Commons</span></div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.comtag:blogger.com,1999:blog-2965283511623849804.post-90768656858696782922019-04-04T12:00:00.000-04:002019-04-04T12:00:05.082-04:00A simple understanding of the disease Diabetes<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhi-_dXDAyohxfEjugU-C4Wve1Uk1stlTJuCmGMAH159ADARUTpg2nkDJrDqMJK68CtDI87OKPjTGwA18isIB7_OgyzbrLqFrv5WmX0htI0KQl4yOw1oURfi09Wy-hoNkvFPjxk9IsJPlc/s1600/Main_symptoms_of_diabetes.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhi-_dXDAyohxfEjugU-C4Wve1Uk1stlTJuCmGMAH159ADARUTpg2nkDJrDqMJK68CtDI87OKPjTGwA18isIB7_OgyzbrLqFrv5WmX0htI0KQl4yOw1oURfi09Wy-hoNkvFPjxk9IsJPlc/s320/Main_symptoms_of_diabetes.png" width="289" /></a></div>
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People who suffer with diabetes do not produce enough
insulin or their bodies do not use insulin effectively. Insulin turns food into
energy. Obesity and a lack of exercise can factor into whether you develop
diabetes.<o:p></o:p></div>
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More than 1/3 of the 21 million children and adults who have
diabetes do not know it. Too often, diabetes symptoms including too frequent
urination, extreme thirst and other simple symptoms are overlooked.<o:p></o:p></div>
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This <a href="http://www.diabetes.org/">chronic disease</a> has
no cure. Sadly, untreated it can create other health problems. Diabetes is the
leading cause of preventable blindness. Untreated, diabetes can lead to
premature death.<o:p></o:p></div>
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People with diabetes often suffer from high blood pressure,
which can lead to heart attacks and stroke. Kidney disease is common in
diabetics. Left untreated, ulcers on the feet and legs can lead to amputations.<o:p></o:p></div>
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Some people believe that when they are diagnosed with
diabetes that they will have to make dramatic life changes and start taking
insulin. This is not the case. Some believe that diabetes is contagious. It
most certainly is not.<o:p></o:p></div>
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The <a href="http://www.mayoclinic.org/diseases-conditions/diabetes/in-depth/diabetes-diet/art-20044295">proper
diet for a diabetic</a> is not much different from a diet that would be
healthy for most of us. Lower fats, moderate intake of sugar and salt and
healthy meals are necessary for diabetics. One caution about high carbohydrate
meals they can elevate your blood sugar levels.<o:p></o:p></div>
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Those who have diabetes are typically encouraged to get flu
shots, but unlike popular myths, diabetics are no more likely to get a cold or
the flu than anyone else is. Colds and flu do can affect blood sugar levels so
a diabetes patient must pay special attention for unusual symptoms.<o:p></o:p></div>
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In the past, there have been concerns that insulin treatment
for diabetics increased the risk of high blood pressure, obesity and
arteriosclerosis. Various scientific studies have determined that the risk of
these side effects are not significant enough to warrant discontinuing insulin
treatments. <o:p></o:p></div>
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A nutritionist can help a diabetic learn how to eat healthy.
Primary care physicians typically handle most diabetics' day-to-day care. Eye
specialists are necessary for diabetics to prevent eye disease.<o:p></o:p></div>
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Be sure to educate yourself on all the risks associated with
diabetes and keep close watch on your blood sugar levels. Contact your doctor
should you have any questions or concerns or if your blood sugar levels become
elevated above the levels defined by your physician.</div>
</div>
Doreen Martelhttp://www.blogger.com/profile/00131618352576179855noreply@blogger.com