MintFamily with Beth Kobliner: How Parents Influence Their Child’s Future Income

first_imgDid you know Giving USA reported that in 2018, Americans donated over $410 billion dollars?! It’s around this time of year especiailly that giving back becomes top of mind for many. Whether it’s for a particular occasion or we’re looking… Full Story,Dressing up for Halloween is one of the best parts of the holiday, especially if you’re a creative person. But buying a Halloween costume can get expensive, with many costing more than $50 a pop. And unless you plan to… Full Story,Open enrollment season is here!   We’re expecting to receive a big packet from human resources with all the options and benefits that our employers’ offer. While I won’t say that this is an exciting thing, we are eager to go over… Full Story,What are some of the biggest lessons you received about money growing up? For me, a few things stand out. We didn’t get too many formal lectures about money, but from time to time, I’d get a lesson sprinkled in here… Full Story,As the year winds down, you may find your spending picks up. With holidays approaching, families may be preparing for trips to see their loved ones or they’re buying gifts. However, if you haven’t been saving beforehand, it can mean… Full Story,While Raleigh is not exactly super close to the beach (we used to have a tiny apartment right across the street from the Chesapeake Bay when we were first married), it’s pretty easy to hop in our car and have… Full Story,How much money are you planning on spending this year during the holidays? For the average American family, it’s a good chunk of change. During the 2017 holiday season, Bank of America found that of those surveyed, they spent on… Full Story,It’s amazing how things change when you have kids. Before kids, weekend getaways and trips were fairly easy. When we needed to take a break, I remember we could look at the calendar and twenty minutes later, have a few… Full Story,How much does your family spend on food? If you’re like most, food is one of your top three expenses (the other two being housing and transportation). While it’s an essential expense for sure, but when digging around those receipts,… Full Story,If you’re a parent, helping your kids avoid or minimize college debt is a goal you’d like to help them tackle. Right now the average price for a public four-year college is $25,290 in-state ($40,940 out of state) while a… Full Storylast_img read more

This Simple Trick Will Make You Fall Asleep in Just 60 Seconds or Less

first_imgInsomniacs, prepare for the best night’s sleep ever. That’s right: No more tossing and turning into the wee hours of morning. No more counting sheep on Sunday evenings. And no more lying, wide-eyed, in the dark after waking up in the middle of the night. There’s now an easy—and expert-approved—way to fall asleep in less than a minute.This all-natural remedy is called the 4-7-8 method, and yes, it’s as simple as it sounds. First, get settled into a comfy position on your bed. Then, simply inhale through your nose for four seconds, hold your breath for seven seconds, and then exhale slowly through your mouth for eight more seconds. Repeat until you fall asleep.That’s all there is to it! Don’t believe us? Just ask Harvard-educated medical doctor Andrew Weil, who adopted this exercise from a centuries-long Indian yogi meditation practice.“It’s the single best method that I’ve found for dealing with getting back to sleep if you want up on the middle of the night,” he said in a lecture.The yogis use this method to achieve a state of complete relaxation, counteracting stress and anxiety. Deliberately slowing down your breathing forces the rhythm of your heart to slow down, too, making the rest of your body relax. In other words, it’s a natural sedative—for your body AND mind.“The theory is that by imposing certain rhythms on the breath with your the voluntary system, gradually these are induced into the involuntary nervous system,” he said. “And that comes with time. So it’s the regularity of doing this over a period of weeks, months, years that produces the changes that you want.”Sourcelast_img read more

Consumers Dont Understand Mortgage Qualifications

first_img Share Consumers Don’t Understand Mortgage Qualifications Consumer Knowledge Fannie Mae Mortgage Loan Qualifications 2015-12-10 Staff Writer December 10, 2015 544 Views center_img Although credit standards are easing, job markets are improving, and consumers continue to show the desire to own a home, actual homeownership remains at a low level across the nation.So why are consumers not capitalizing on the positive economic conditions the mortgage industry has been experiencing?Fannie Mae’s Economic & Strategic Research Group determined in the recent survey of 3,868 consumers that they just are not knowledgeable about the mortgage qualification process.”Advancing from aspiration to sustainable homeownership is more likely to occur if consumers have an accurate understanding of the requirements to qualify for a mortgage,” Fannie Mae stated in the report. “While it can take years to improve one’s credit score or save for a down payment, undertaking such efforts based on inaccurate information may lead to a needless delay in reaching the goal of owning a home.”The survey showed that consumers lack a basic understanding of minimum mortgage qualification requirements among all consumers, but especially renters that want to buy a home in the next five years.When questioned about mortgage criteria such as down payment, credit score, and debt-to-income ratio, about half of those surveyed could not provide an answer, while only 23 percent are aware of the 3 percent and 5 percent down payment programs.Consumers do appear to check their credit score, with 80 percent of consumers indicating that they have seen their credit score, but 49 percent do not know what their score is or give a number outside of the scoring range.Survey results found that consumers do believe that lenders are the “most influential” source of information for obtaining mortgage advice, followed by family and friends.”Lenders are in a vital position to help close consumers’ knowledge gap of what is required in today’s mortgage market to successfully obtain mortgage credit,” Fannie Mae concluded. “Our results also suggest opportunities to partner with Realtors, counselors, and other groups to help minority consumers build knowledge in the early stages of buying a home. Another element of good news is the large share of “don’t know” responses as it is easier to provide new knowledge than to reverse misperceptions.”Click here to view the full report. in Daily Dose, Data, Government, Headlines, Market Studies, News, Originationlast_img read more

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first_img Comments   Share   Top Stories Cardinals expect improving Murphy to contribute right away *I can’t believe I’m about to write this*Levi Brown gets a bad rap.Taken by the Cardinals with the fifth pick in the 2007 NFLDraft, the offensive lineman has at best adequate, and atworst…well…Levi Brown.Sure, he has not missed a game since his rookie season,starting all 16 (plus playoffs) every year since 2008. Andyes, at 28, he’s in the midst of his prime, a player whoshould not see a significant drop off in play anytimesoon. Still, there are plenty offans who feel the team bringing Brown back was amistake on par with drafting him in the first place.After all, why continue on with a player who, with everyfalse start or blown pass protection, reminds us that theteam passed on some guy named Adrian Peterson? Well, because it was the right thing to do.While Brown is not an elite left tackle like Joe Thomas,Jake Long or Joe Staley, he is a player who hasstarted for two playoff teams – one of which reached theSuper Bowl. Of course, he did so as a right tackle, which is where theteam is rumored to be moving him back to this year. Canthe team find a better left tackle either through thedraft or what’s left in free agency? One would hope so,but at least the team is not left looking to fill bothtackle spots. That is how a team backs itself into a corner. That is howa team drafts Levi Brown in the first place.center_img What an MLB source said about the D-backs’ trade haul for Greinke D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Nevada officials reach out to D-backs on potential relocationlast_img read more