Why You Should Invest in Your Home Decor

Posted by Majorie

home decor makeover

For most people, a home is a lot more than the structures and the furniture; it is the one place where one can be completely relaxed and comfortable. It is the space you share with your loved ones and entertain your guests sometimes. Therefore, investing in your home decor is a very worthwhile and rewarding exercise because after it is done you will get to soak in the beauty and comfort of your transformed home, as well as display your personal sense of style for anyone who visits your home. In this article, we will explore some reasons why it is a good idea to invest in your decor.

Quality Decor Is Long Lasting
It will cost you more to buy quality furniture and any fixtures or fittings you will need to furnish your home, but once you are done with the purchase, the inconvenience of having to replace them or incur costs repairing them every so often is eliminated completely, so, in the long run, those expensive pieces for your home will be worth every coin you spent on them.

Investing in Your Home Will Boost Your Mood and Confidence

Having a well-designed and thoughtfully decorated home with just the right pieces will go a long way in boosting your confidence whenever you have people around. It can be very uncomfortable for you if your friends drop by and your home looks all drab and lacks appeal. Often, people will judge your personality with the state of your home. A well-decorated home will give your guests the impression that you’re a person with good taste and class. You will also find your mood improving whenever your home looks great.  I’m a big fan of adding southwestern style area rugs to your home. There are many benefits to adding area rugs – other than the fact that they look great in your home.

Increased Comfort
If you really take your time investing in your furniture, it goes without saying that the furniture will be more comfortable. As you decorate, try coming up with a theme for every room depending on the use of that room. For rooms where you spend more time like the living room and the bedrooms invest in comfortable furniture and use warm inviting colors for the walls and general decor.

Decor Can Transform Your Home

Did you know that re-decorating your home can completely transform your home? You only need a bit of imagination to combine all the right pieces, color and lighting to bring out a completely different and magnificent look. For example, you can hang a beautiful portrait over a wall you do not particularly like or a mat over a stained floor to make your home pass as a work of art.

How Credit Score Influences Interest Rates

Posted by Majorie

interest rates

Interest rates currently have a large influence on the cost you typically spend borrowing capital. Loan payments include interest and principle (what you receive) . A small rate of interest loan is much easier to pay back because there’s less interest fees added to your payment per month. Lower interest rates are greatly sought after because you shell out less money to the bank who’s loaned you capital.

Interest rates on credit cards or loans aren’t set randomly.

Banks use your credit score – the figure that calculates your creditworthiness – as one of the most significant determining elements in establishing your rate of interest.

How Banking Companies Make Use of Credit Scores
Your credit rating – FICO score – ranges from 300 to 850 . Larger credit scores are best simply because they show that you’ve taken care of credit properly previously and you’re prone to pay off new credit on time. Lower fico scores indicate that you’ve made some substantial errors at one time and that you might not make all your repayments if you’re awarded new credit.

Banks set interest rates (the APR or annual percentage rate) according to the liability you present. The greater credit threat you seem to be, the larger your interest rate will be. Or , if your credit score is really low , you might be rejected. Then again, if you have a low credit risk (indicated by an excellent credit rating), you’ll ordinarily be eligible for lowered interest rate.

Your Credit Rating and Credit Card Interest Rates
Credit card companies divulge a variety of prospective interest rates with every different credit card offer. For instance, a credit card might publicize a 14 .99 to 22 .99% annual percentage rate based on creditworthiness. Your ultimate annual percentage rate might come out anywhere within that spectrum, according to your credit rating along with other liability variables.

Credit card companies don’t announce exactly what credit standing provides you with a particular APR. That won’t be decided before you actually put together the credit card application. Normally, for those who have a solid credit rating, you will probably be given a reduced APR or with a bad credit score, you’ll be receiving the considerably higher APR.

How Credit Rating Impacts Loan Rates
With loans, a standard interest rate can often be promoted as opposed to a range. When you have a solid credit rating, you might be eligible for an interest rate that’s at or perhaps below average. As well as, with a poor credit rating, you might end up receiving an interest rate significantly above the average.  You need to understand what is a bad credit score.
MyFICO.com has a loan savings calculator that will show how much you can save on a loan based on your credit score. The calculator shows sample APR’s and monthly payment for mortgages or auto loans with specific repayment periods for various credit score ranges. If you know your credit score already, the calculator can give you an estimate of the terms you can expect.

Nevertheless, you won’t be aware of your particular APR before you apply and are authorized for a loan.

When Your Rating Leads to an Undesirable Interest Rate
Lenders will have to provide you with a free backup of your credit rating whenever it leads you to be authorized for a much less than desirable rate of interest. The credit rating disclosure will also consist of a few specifics of what’s driving your credit rating.

To increase your the likelihood of landing a significantly better interest rate, it is possible to devote a couple of months attempting to increase your credit score. It is especially vital with a serious loan, such as a home loan, wherein a reduced credit rating will raise your monthly payment by hundreds of dollars and cause you to pay thousands more in interest charges over the existence of the loan.


Why You Should Be Investing In Rugs And Textiles

Posted by Majorie

There’s no end to the styles and designs of area rugs and textiles – Persian rugs, Oriental rugs, Tibetan rugs, shag rugs, Flokati rugs, Southwestern rugs, contemporary rugs, braided rugs, animal prints, children’s rugs, indoor or outdoor and hall or stair runners. They come in all shapes and sizes including rectangular, square, hexagon, octagon, oval and round. You’re really only limited by your imagination when it comes to adding some flair and functionality to your home with an area rug.

Rugs not only come in different colors and shapes, but another important factor to consider is the material. They can be made from synthetic or natural yarns using a variety of different types of construction. Natural rugs use animal or plant fibers such as wool, cotton, sisal, jute and even bamboo. Synthetic rugs are of man-made materials such as rayon, nylon, acrylic and viscose.

southwestern rug

Photo credit.

Wool is considered one of the best quality fabric floor coverings available. Wool area rugs are in high demand because of their value, styles, beauty and long life. There are many types of wool and you can find a variety of designs that are made of it. A great benefit of a wool area rug is its resilience-wool has greater durability than synthetic material. And, it’s also great for people with allergies since it naturally resists dust mites.

A popular style that has made a comeback are shag area rugs. Although you may be dreaming up visions of bad 60s-style orange rugs, contemporary shag area rugs that are made of wool, are quite elegant and add some great style to the home. There’s a reason why you see them so often in home design magazines and TV shows – they’re just that popular.

Another option are rugs made of cotton. Cotton is strong, durable and can easily absorb a wide variety of dyes, providing a huge range of colors to choose from. Cotton-wool blended area rugs are also a popular choice. They are usually less costly than all-wool rugs and they feel great on the feet. However, it should be known that cotton can wear out sooner than wool.

Now before you set out on buying that perfect rug, you need to do some planning. If you are working with an empty room consider the flooring first, then the paint, furnishings, textiles and accessories around the floor. Just try to picture what the whole room will look like. Focus on what the area rug is trying to accomplish in the room.

There are many factors to consider when it comes to design. Color, style and even the texture will set the way the room “feels”. Just remember that lighter rugs will increase the perceived size of the room and darker rugs will make the room feel warmer. Contemporary rugs can add an artistic flair into the home or you can create a more traditional look with an Oriental or Persian rug.

Always evaluate the size of the space you want to cover. Large area rugs provide comfort and help with sound dampening in large rooms. Smaller area rugs can be used to add splashes of color or chic to other rooms such as bathrooms, bedrooms or even the kitchen.


Are You Investing Correctly?

Posted by Majorie

investing image

Investing can be defined as the resources with the expectation of some satisfaction or profit in return by putting forth an effort. By investing we will invest more into our future, not just as a state but also as a society.

Investing money is different from saving money, as in that money that is invested is committed for a period of time with a sure risk for the purpose of earning a financial return. The concept of saving money merely means to put it aside as a store or reserve.

Your goal in investing could be to make the greatest return possible resource within the shortest period of time without losing any of the principle amounts you have originally invested.

Many people are afraid in investing their hard earned money because one of the most leading reasons for this fear is ignorance. People should understand that the more they learn and understand the better equipped they will become to make wise decisions as a money manager for investing.

Why Investing Is important

While investing one of your key responsibilities is not only to provide for yourself and your family but resource within the short term but also to trait within the long term. Unlike saving money, investing will always be associated with a risk factor.

The degree of risk is dependent on the Investing option you choose and is typically proportional to the potential return of the investment. The old saying, “If it sounds too good to be true…” it typically is. Each person has a different tolerance for risk. You would never be Investing in things that make you lose sleep at night.

Mainly due to the negative effects of inflation, it is the opinion of many people that making the choice not to invest is the greatest risk you can most defiantly make with your savings. Inflation is the single greatest threat to your future financial well-being in Investing. It results in the constant, steady erosion of money’s value.

When To Start Investing?

To start investing, time is your greatest asset element within the accumulation of wealth. You could begin to invest as soon as possible but not until you have built a solid financial foundation for yourself. Investing requires a long-term commitment.

The money you allocate to would not be money that will be required for many years. To trait within the event of a major depressing financial situation, you definitely wouldn’t want to be forced to withdraw money that has been allocated in a long-term investment to meet the requirements of a short-term need.

Thus, it is imperative that, no matter what may come, your financial foundation must be strong. As a minimum, you would eliminate all of your consumer debts like the credit cards, student loans, furniture loans, auto payments, etc and build an adequate cash emergency account.

In many cases, for Investing if you or someone that understands and has the expert knowledge to start your investment program while you still have existing consumer debts then it is similar in effect as to borrowing money to make your investments. The greatest risk-free return will always be to pay off the existing consumer debts before committing your money to investing needs. Read more about paying off debt before investing here.

Where Can I get Started?

Usually, there are an unlimited number of Investing opportunities. The investment selections would include a moderate level of risk in exchange for a reasonable rate of return keeping in mind the maximum degree of diversification. It is most important to understand if you are ready to begin Investing, then your first plan could be one that is qualified by the IRS.

The Qualified savings plans are those that are designed by the IRS (government) with sure tax advantages to encourage citizens to participate in a long-term savings program. The basic qualified plan that is available to all the people that have earned income is the Individual Retirement Arrangement (IRA).

An IRA can consist of many numerous styles of Investing plans. It can either be a mutual fund, a certificate of deposit (CD) at a local bank, or a number of other options. An IRA comes in three different forms:

1. Long-established Deductible IRA

2. Most common Nondeductible IRA

3. Roth IRA

Investing today, has given a wide range of choices like the stocks, bonds, mutual funds, treasury securities which include savings bonds, options, commodities, commodity futures, real estate investment trusts, also known as the REITs, variable annuities and many more.

Long Term Investing and Short Term Trading

Posted by Majorie

Long Term Investing Image

Stock market investing and trading stocks are two different ways of looking at the stock market. There are pros and cons to each strategy.

Long Term Investing.

Investing for the long term is simply the process of finding stocks that are strong. These stocks are likely to stay in business for the long term, then investing into them. Because these stocks are fundamentally strong, they are relatively safe and will likely grow over the long term.

Short Term Trading.

Trading stocks in the short term is a completely different strategy. Instead of holding onto stocks for the long term, short term traders tend to use things such as the chart, patterns, and technical indicators. So as to attempt to catch the short term movements of stocks, and hopefully make a larger profit than if they were to buy and hold the stock simply.

Which one of these strategies is the best strategy for you? Well, this kind of depends, there are different advantages to both and depending on your personality, you may find one way that fits you better than another.

Short-term trading can be more profitable than long-term investing. However, it requires a lot more work and effort to learn and keep it up. Also, there is no guarantee that one will become successful in the stock market, but if you keep it up and learn from your mistakes it can be extremely profitable.