Connect with us

Live Better

How to select the perfect home

Published

on

(Family Features) For those beginning the process of home buying, there are many factors to consider. Keep these ideas in mind as you conduct your search – whether it’s online or at a series of open houses.

Consider future needs
Because life is always evolving, it’s important to move into a home that has enough space for your family’s anticipated changes. While features and space are always prime considerations, don’t forget to, look into the area schools, day care options, parks and other kid-friendly amenities if you plan to grow your family in your next home.

Look for flexible spaces
Seek homes that offer rooms with multiple functions. For example, an office area may be suitable for a small child’s room, or a sunroom may be converted to a laundry area down the road. Unfinished basements are also blank canvases that can be customized to meet your family’s wants and needs.

Get to know the area
The purchase of a home goes well beyond the property line. Be sure to examine the neighborhood in which the house is situated. From the condition of the neighbors’ houses to highway access and the proximity of necessities like grocery stores and gas stations, be sure to take every factor into account to help ensure you’re selecting the right location.

Find more tips to aid you in your home search at eLivingtoday.com.

Photo courtesy of Unsplash


SOURCE:
Family Features

Continue Reading

Live Better

Help for older adults on a budget may be a few clicks away

Published

on

Help for older adults on a budget may be a few clicks away

(BPT) – Food and gas prices continue to rise, on top of record-high housing costs in many cities across the U.S. If you’re an older adult who is already living on a tight budget, today’s inflation can be particularly difficult. Fortunately, there are programs available that can help you save money on health care, prescriptions, food, utilities and more.

One of the easiest ways to find out if you’re eligible for benefits is to visit the National Council on Aging’s BenefitsCheckUp.org. The free and confidential tool connects older adults, people with disabilities and caregivers to benefit programs. The site is easy to use, even for people with minimal digital experience.

“It only takes a few minutes to learn about all the programs available and how to apply,” said Ramsey Alwin, president and CEO of NCOA. “For example, there are Medicare programs that can boost your budget by helping with prescription drug costs, as well as premiums, deductibles and coinsurance.”

There are thousands of programs on BenefitsCheckUp, including:

  • The Supplemental Nutrition Assistance Program (SNAP), which can help you pay for healthy food
  • The Medicare Part D Low Income Subsidy and Medicare Savings Programs, which can help people with Medicare afford their out-of-pocket health care expenses
  • The Housing Choice Vouchers and Public Housing Programs, which can help with housing costs
  • Supplemental Security Income, which provides cash for basic needs
  • The Affordable Connectivity Program, which provides discounted internet services
  • The Low-Income Home Energy Assistance Program, which can help you pay for home heating and cooling

Millions of older adults are eligible for, but not enrolled in these programs. In fact, NCOA estimates that $30 billion in benefits go unused each year simply because older adults don’t know about these programs — or how to apply.

BenefitsCheckUp.org will give you a personalized list of benefits you may be eligible for and the steps you need to apply, including links to the correct government agencies and applications. Just a few minutes could save you money every month.

Continue Reading

Live Better

Helping teens develop financial literacy

Published

on

(Family Features) Developing financial knowledge and effective money management habits are important stepping stones for teenagers to become financially stable adults who aspire to build assets and achieve personal goals.

For example, most teens (88%) would like to own a home someday, according to a survey conducted by Wakefield Research on behalf of Junior Achievement USA and Fannie Mae. The survey of 1,000 teens ages 13-17 in the United States found most (85%) believe “owning a home” is part of “the good life,” compared to nearly as many adults (87%). However, fewer than half (45%) could correctly identify the definition of a home mortgage and 76% said they lacked clear understanding of credit scores.

“There’s been this theme that younger Americans aren’t interested in homeownership, but the results of this survey contradict that assumption,” said Jack E. Kosakowski, president and CEO of Junior Achievement USA. “Teens appear interested in owning a home someday but seem to realize they need more information on how to do it.”

To help teens gain a better understanding of financial decisions they’ll face in adulthood, consider these common terms.

Credit Score
While nearly all teens (96%) believe credit scores play an important role in the ability to purchase a home, approximately 3 in 4 (76%) said they understood credit scores only “somewhat,” “a little” or “not at all.” A credit score is a number from 300-850 based on a number of factors, including credit history, open accounts, total debt, repayment history and more. Lenders use credit scores to evaluate a person’s ability to repay loans.

A person’s credit score may also determine the size of a down payment needed when purchasing a smartphone or home, or the deposit needed for renting property or obtaining utilities and may impact interest rates and credit limits on credit cards. Generally, scores below 620 may require paying a higher rate, a shorter repayment term or a co-signer. Scores of 700 or higher are considered more favorable to creditors and may result in lower interest rates while scores higher than 800 typically provide the most benefits to consumers.

Mortgage
While a slight majority of white teens (52%) correctly identified the definition of a mortgage, only around a quarter (26%) of Black teens and fewer than half (41%) of Hispanic or Latino teens could do so. A mortgage is a type of loan used to purchase or maintain a home, land or other types of real estate. The borrower makes a down payment for a portion of the purchase price then borrows the rest from a lender. The borrower then repays the lender over a number of years – typically 15-30 – via a series of regular payments that are divided into principal (the money originally borrowed) and interest with the property serving as security.

Nearly all teens surveyed (97%) thought it would be helpful if schools offered lessons that explained homeownership, including mortgages. In response, Fannie Mae is supporting the development and deployment of Junior Achievement learning experiences for thousands of students annually in various age groups by integrating relevant content from its HomeView homeownership course materials and resources, which are designed with first-time homebuyers in mind.

“Young people today are the homebuyers of tomorrow,” said Jeffery Hayward, executive vice president and chief administrative officer, Fannie Mae. “By providing them access to quality, foundational education now, Fannie Mae and Junior Achievement are helping these future homeowners prepare for the mortgage and homebuying process when they’re ready to take that step.”

Visit ja.org for more tips and information to help teens improve their financial knowledge and reach their goals.

Photo courtesy of Getty Images


SOURCE:
Junior Achievement

Continue Reading

Live Better

Helping families manage holiday stress

Published

on

(Family Features) ’Tis the season for holiday parties, travel, hosting and more. While it is a joyous time of year, the never-ending to-do lists and school being out of session can make everyone feel a little overwhelmed, children included.

Consider these five practical tips from the experts at KinderCare to help families proactively manage holiday stressors.

  1. Manage expectations. The commotion that often comes with the holiday season can be stressful for young children, but you can help alleviate worries by familiarizing them with what’s to come. Talk to them about upcoming travel arrangements, who they’ll see at events and what to expect throughout the season. If they are cautious in their current developmental stage, let loved ones know beforehand to give them a little extra space at festivities. Parents can also begin familiarizing little ones with relatives through photos and phone calls.
     
  2. Empower children. It’s important for children to understand they have a choice – and family members are willing to respect that choice. Parents should acknowledge their children’s body language and empower them to say “no” in uncomfortable situations. Parents can help by proactively asking questions such as, “Do you want a hug?” and if they say “no,” support them in their decision. This also helps establish healthy long-term social skills.
     
  3. Maintain your schedule. Children thrive on consistency, and during the holidays it’s important to at least try maintaining as much of what they’re used to as possible, such as naps, meals and playtime. Changes in schedule can result in more tantrums, so be sure to allow space for them to safely work through their emotions.

    It’s also important to note that children feed off their parents’ energy, so make sure you’re in tune with your own emotions. When overwhelmed, openly discuss how you’re feeling and involve your children when taking breaks. For example, “It’s loud in here, would you like to go sit outside with me?”
     
  4. Have fun. Make time to spread joy and integrate activities to bond as a family, such as reading holiday-themed books, crafting, playing games, singing or baking. Whether old traditions or new, these are moments your child can cherish for years to come.
     
  5. Keep others in mind. While it’s important to set children up for success ahead of the holidays, parents should also teach children the holiday season can look different for others. Putting a focus on experiences rather than the gifts can help them have more to discuss with their peers when returning to school. It’s also a good time to consider donating toys to make room for new ones or volunteering at a local charity to show children joy can be experienced through more than just gifts.

To find more tips to help manage holiday stress, or to access additional resources around social development, setting boundaries and routines, visit KinderCare.com.

Photo courtesy of Getty Images


SOURCE:
KinderCare

Continue Reading
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad

Trending