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Six financial changes that will help organize and change your life

Today I am thrilled to post an article that is  absolutely worth reading! This article comes from our guest blogger, Sherry Corbitt. Sherry is a fantastic Mortgage Agent and Certified Divorce Financial Analyst. I would highly recommend her for all your mortgage needs.

Do you have a goal to be more in control of your financing in 2017? Here are some strategies that can help:

1. Kill high-interest debt. If you’re carrying large credit card balances or other high-interest debt and have enough home equity, you may be able to consolidate that debt into one low-rate mortgage. You’ll improve your cash flow, and simplify your life with one easy payment. Best of all, you can pay down your debt faster and save thousands in interest. No more running up credit cards and you’re golden. TIP: http://www.MNBA.ca has a credit card that is 0% interest on transferable balances for 12 months. This is only on transfers so don’t plan it to use for new purchases but to get away from the high interest cards you currently have.

 
2. Boost your credit rating. You can improve your rating pretty quickly with a few smart moves. Always pay your bills on time. Never let your credit card balance go past the 50% mark, i.e. if you have a $5,000 card, it should never go past $2,500. That goes for any lines of credit, too. And don’t apply for store cards when you’re asked at check-out. The better your credit rating, the better the rates you can negotiate on your next mortgage.

 
3. Step up your payments. If you are paying your mortgage monthly, consider changing to accelerated bi-weekly or weekly, increasing your payment amount, and putting a lump sum such as tax refund money on your mortgage principal. You can save significant interest over the life of your mortgage. Even small amounts add up.

 
4. Renovate, don’t relocate. Feeling like it’s time to trade up? Consider this: the right renovation might be all it takes to turn the house you’re in, into the home of your dreams. It is almost always less expensive to renovate than to relocate! I have some fantastic renovation financing options to help you improve the quality of your life while increasing the value of your home.

 
5. Choose low-interest debt. According to a recent Mortgage Professionals Canada survey, in 2016, almost 10% of homeowners had enough home equity and turned to their mortgage for low-cost financing. The average equity take out was $47,600, which was used for renovations (31%), debt consolidation (28%), investments including second homes and rental properties (22%), and purchases or education (9%).

 
6. Do NOT sleepwalk through your mortgage renewal. Be sure to get in touch when you get a renewal notice. Your renewal is your golden moment to save thousands. I can help make sure you get the best possible deal!

 
If you’re feeling financially overwhelmed, or if there is a new purchase, refinance, or renewal in your financial future, get in touch so I can help make sure you get where you want to go.

 

Having a plan in place will have you get to your goals faster and with more clarity.

“Providing solutions, not just rates.”

Sherry Corbitt, Mortgage Agent and Certified Divorce Financial Analyst
http://www.mortgagesindurham.com

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Meal planning for a mood eater

I don’t know about you but I’m a mood eater. I very much pick my meals based on what I feel like eating that day. As an organized person this is definitely at odds with how I like to live day by day. In order to curb this problem I have devised a way to plan my meals but still eat what I feel like.

It looks something like this:

meal-planner

On the weekend I go shopping for what I need for the week. If you are in a rush be sure to check out the grocery pick up options they now have available at Walmart and Superstore.

Then on Monday morning I simply just choose which meal I want to eat that day out of the seven days. So for instance, if I feel like pizza on Monday I will cook that. As long as there are seven suppers planned out, the days that they are eaten is up to you.

A few more things I do to make meal planning easier is to:

  • Have staples in the house like pasta, rice, sauces for cooking
  • I also do a meat order for the year which supplies me with all my beef, pork, chicken and fish. This means that I am only buying dairy, fruits and vegetables and other odds and ends at the grocery store.
  • Lastly, I also try to do a few bulk cooking days a year to have easy freezer meals which save on my time, are healthier options and also save money! A great choice all around.

If you would like to use my, “What’s For Dinner” meal planner you can get it free on my website here.

Happy Organizing!

Laura