Q: During the holidays, my office turns into fund-raising central. How can I politely decline these requests? Read More
Q: During the holidays, my office turns into fund-raising central. How can I politely decline these requests? Read More
Q: I’m looking for deals—am I better off shopping the day after Thanksgiving or closer to Christmas?
A: Black Friday (aka the day after Thanksgiving) is when retailers offer the best discounts—typically 20% to 35%, though especially aggressive stores may offer seasonal merchandise like winter coats at 50% off. The problem with putting off your shopping until closer to Christmas is that most stuff won’t be dramatically marked down until December 26. To get the true deals, get out of the house early: You’ll often find bonus discounts during the early-morning hours. And lots of companies have Black Friday “Internet only” specials, too. Log on to www.dealsofamerica.com for a list of these bargains. Read More
Q: We need to sell our home, which we recently bought. To help us break even, would it be smart to try to sell it ourselves?
A: Probably not. With houses currently languishing on the market for up to 10 months, you’ll need all the help you can get to quickly move your home. Good agents know the most recent comps (prices of comparable homes that have sold in your area), so they can help you set the right price, which should make your house sell faster and for more money. In fact, the median home price in 2007 for sellers who used agents was $240,000, compared with just $180,000 for homes sold by owners, according to the National Association of Realtors (NAR). An agent is also better equipped to market your home, using open houses, print advertising, and a multiple-listing service, which alerts area brokers (and their clients) to your place. Finally, a seasoned realtor can cull buyers with the best financial profiles and smooth over concerns on the path to closing. Read More
How to end bottom-line battles, build up college savings, and more—from
finance coach Lynnette Khalfani-Cox.
Q: My husband and I constantly fight about money, especially when things are tight. How can we get on the same page? Read More