Annemarie Torcivia - RE/MAX  Trinity



Posted by Annemarie Torcivia on 4/30/2018

Keeping up with household expenses can be a daunting task. Service providers are making it easier than ever to set up auto-pay features for their products. Furthermore, playing with credit cards makes it seem like you hardly ever have to look at your account balances. Unfortunately, that can make it easy to go over your allotted budget each month. That’s where the home budget app comes in.

In recent years, a growing number of budgeting apps have hit the app stores. You could scroll for hours through all of the various apps, comparing their needs. Fortunately, we’ve done the hard work for you.

Some apps are geared towards families, where others are designed for a single user. Some sync with bank accounts and others depend on your own input to keep track of your expenses. In this article, we’re going to break down some of the best budgeting apps for keeping up with your household and living expenses.

HomeBudget

If you’re hoping to split expenses and plan your budget with your spouse, family, or roommates, HomeBudget is a good place to start. With HomeBudget you can assign one person to be the payee, making it easy to determine who pays certain bills.

You and your family members can also assign expenses and attach images of your receipts to see who paid which bill.

At the end of the month, you can view reports that will tell you if you stayed under budget. You can then compare the month’s budget to the previous six months and decide if you need to increase your budget or try to cut some expenses.

YNAB: You Need A Budget

If you’re new to budgeting or are having trouble paying off debt, YNAB is the budgeting tool you need. Aside from keeping track of your spending, YNAB is also a learning resource. Signing up gives you access to budgeting tips and information that you may not be familiar with.

YNAB links up with your bank accounts to tell you just how much you need to save each month in order to keep up with everyday expenses like mortgage payments and utilities, and get out of debt.

Mint

Mint is designed to be your one-stop shop for all things financial. It combines your bills, bank accounts, student loans, credit cards, and more all in one place.

Mint enables you to track your spending, plan a budget, and gain access to resources like free monthly credit scores.

Unsplurge

Having an organized budget is a reward of its own. But, if you need even more of an incentive, Unsplurge is here to help. With Unsplurge, you can focus on saving up for a goal. You’ll get updates when you save enough to “splurge” on your goal.

It’s a great tool for people who like to see their progress and feel the sense of accomplishment when they meet their objective.


Now pick the app that sounds right for your needs and get started with saving money and managing your household budget today.




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Posted by Annemarie Torcivia on 10/16/2017

Many hopeful homebuyers seek to save money by buying a fixer-upper and doing most of the renovations themselves. This is a proven method for those who have a knack for home improvement and aren’t afraid to get their hands dirty.

However, estimating the cost of a remodel can be difficult. There are many costs you may not be aware of, and others that are easy to go over budget on.

In this article, we’re going to talk about the cost of an average remodel, and some lesser-known costs that you might be forgetting to factor into your budget.

Average remodeling costs

As you might guess, the cost of a remodel can vary greatly. Things like the size of the home, the number of rooms you’re remodeling, and the type of repairs you’ll be making all factor into the equation.

Some repairs can be quite costly. Septic system replacements can cost several thousands of dollars depending on the type of system you need. And, if you’re buying an old home, you’ll need to look out for expensive fixes like asbestos removal and foundation damage.

According to one report, most Americans spent between $17,000 and $61,000 on their remodel, with the average renovation cost being around $37,000.

If you’re hiring a contractor for the bulk of your remodel, expect them to charge between 10% and 15% of the total cost.

Lesser known costs of a home renovation

Remodeling a home isn’t as simple as looking up a contractor and telling them to give you the bill once it’s finished, and that’s probably a good thing because odds are you would be shocked by the cost.

First, you’ll pay a contractor to do a walkthrough and estimate costs. Next, you’ll need to get any permits that are required for your renovations.

If you plan on doing the renovations yourself, there are a few costs you’ll need to consider. First, understand that you likely won’t be able to take advantage of all of the discounts that contractors can, meaning your building materials may be more expensive than expected. Similarly, the cost of tools for the project adds up quickly. And, when you make mistakes--we all do, we’re only human--you’ll be paying for it out of pocket.

Knowing your long term goals

An important consideration for a remodel is to look toward the future. Do you want to sell your home within the next few years? If so, you might consider going with less expensive materials--such as generic kitchen cabinets rather than custom-built--to save money while still increasing the value of the home.

However, if you plan on being in this home for decades or more, it may be worth the extra money now to make sure you are happy with your home for years to come.

Remodeling a home can be a memorable and rewarding endeavor. You get the chance to take a house that you see potential in and make it truly your own. Now that you know the costs, you’ll be better prepared for planning your home renovation.




Tags: Remodel   renovations   budget  
Categories: Uncategorized