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Everyone struggles with saving money and budgeting to their lifestyles. It is important to know that anyone can successfully get back on track and become financially stable. This may not come easy to some, but there are several tips and tricks you can utilize that will help you start saving money today!
First I would like to start by discussing some of the basics that some of us are already aware of, or have heard before. These are essential to understanding your personal finances.
Far too often as a bank manager, I have come across well educated, savvy, level headed customers becoming victims of scams and fraudulent activity. When hearing of these white collar crimes in the news, we often think, “No way! That’s ridiculous. Who would fall for that?” Unfortunately, some criminals have perfected their craft, and virtually anyone can fall for these scams with the right timing and circumstances. Victims of financial scams often feel vulnerable and depressed due to the psychological effects it can have. It’s an extremely traumatic situation to go through not only due to the financial loss, but the many lingering effects afterwards such as insecurity, trauma, and anger towards one’s self and the criminals who have violated their privacy and trust. There are three prevalent scams that we have seen recently that should be noted. Sometimes being knowledgeable that these types of crimes exist can provide you, as a consumer, with an added layer of hesitation and caution.
The recent passing of the tax reform bill has caused an incredible amount of scrutiny and opinion towards the effects it will have on home ownership. It is during times like these that we need to examine the facts of the new plan, and then reflect on the main benefit of home ownership and the reasons we buy a home.
Let’s start with the facts. In relation to real estate lending and home ownership, there are three main changes to the tax plan to consider:
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