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Planning Your Mortgage Budget for the Holiday Season

November 1, 2023 by Kay Monigold Leave a Comment

The holiday season is a time of joy and celebration, but it can also be a challenging time for your finances, especially if you’re juggling the responsibilities of a mortgage. However, with some thoughtful planning and budgeting, you can ensure that you enjoy the festivities without putting your financial stability at risk.  I will provide you with essential tips and strategies to help you manage your mortgage budget during the holiday season.

Create a Holiday Budget
Set a specific budget for your holiday expenses. This budget should encompass everything from gifts and decorations to travel and entertainment. By creating a clear budget, you can ensure that you don’t overspend, keeping your mortgage payments on track.

Prioritize Needs Over Wants
It’s easy to get carried away during the holiday season, but it’s important to prioritize needs over wants. Make a list of your holiday expenses and identify which ones are essential and which ones are optional. Hint: Your mortgage payment should always be at the top of the list.

Set Realistic Expectations
The pressure to create the perfect holiday experience can lead to overspending. Set realistic expectations for your holiday celebrations and remember that meaningful moments don’t have to be expensive.

Take Advantage of Sales and Discounts
The holiday season is known for its numerous sales and discounts. Keep an eye out for deals on gifts and other holiday essentials. This can help you stretch your budget further and make the most of your money.

Consider DIY and Homemade Gifts
One of the best ways to save money during the holidays is by making homemade gifts. Not only do these gifts carry sentimental value, but they can also be more budget-friendly than store-bought items. Get creative and crafty to give your loved ones a meaningful and unique gift.

Monitor Your Spending
As the holiday season progresses, keep a close eye on your spending. Regularly review your budget and track your expenses to ensure you’re staying on track. This will help you make necessary adjustments if needed.

Plan for the Future
Once the holiday season is over, it’s essential to get back on track with your mortgage budget. Review your financial goals and create a plan for the coming year. Consider setting up a dedicated holiday savings fund for the next holiday season so you’re better prepared in advance.

The holiday season should be a time of joy and togetherness, not financial stress. By planning your mortgage budget for the holidays and implementing the strategies outlined, you can enjoy the festivities without jeopardizing your financial stability. Remember that moderation and mindful spending are key to a happy and financially responsible holiday season.

Enjoy it!

Filed Under: Budget, Home Tips Tagged With: Holiday Savings, Mortgage Payment, Sales, Savings

Which Type Of Pool Is Right For You? We Look At The Best Designs For Your Backyard

June 6, 2014 by Kay Monigold

Which Type of Pool Is Right for You? We Look at the Best Designs for Your BackyardThe decision to install a pool is generally one that is applauded by at least certain members of the family. Whether you have children or not, however, having a pool at home is certainly something you can enjoy for yourself.

But what if you don’t think your yard is particularly suited to a pool? Don’t rule out the idea just yet; instead, consider some of these different pool designs to suit different sizes and styles of backyards.

Make The Most Of Your Small Backyard

For a relatively small backyard, you should always choose the right pool design that will ensure you make the most of the space.

A particularly good option for a smaller backyard is opting for an above-ground pool and having a custom wood deck built around one side of it. The addition of the the wood deck will offer easy access for the kids to get into the pool, and will also give you a place to sunbathe while watching the kids splash around.

Single-Use, Modern Yard: Fiberglass Pool

For an ultra-modern backyard that is relatively small, and especially for a single-use backyard that is going to be dedicated to your swimming pool, a fiberglass pool might be your best option. Since the pool arrives in one single piece, already fully finished, the installation process is very quick and efficient.

Offered in a variety of different shapes, sizes, and styles, you can surely find a fiberglass pool that fits your single-use yard, and you could even have it ready to use within one week. You’ll find that the smooth surface of a fiberglass pool is appealing. These pools are also easy to maintain as only a few chemicals are required for cleaning.

With this type of pool that you’ll commonly find in vacation homes with modern, polished concrete backyards, you can turn your home into your favorite holiday destination, and much quicker than you might have guessed.

Customizable Concrete Pool For A Large Yard

If you have a large yard and aren’t concerned about using up too much space by having a swimming pool put in, why not opt for the most customizable concrete variety? A concrete pool can be constructed in virtually any shape or size you choose, allowing you to put your best creativity to use.

You can opt for texturized pool surfaces as well as well as plenty of add-ons and built-in features, such as a custom entry or a ledge for sunbathing. Customized concrete pools usually take about 12 weeks to build. You can also opt to have a concrete or tile surface installed around the pool, while still leaving plenty of grass and gardening space in your backyard.

These pools are also a great option for irregular backyards, as they can be customized to fit into virtually any shape, just as long as your yard is large enough.

When it comes to house shopping, you can opt to buy a house that already has a pool. Or if you’d prefer to be more involved in the process, you can simply look for a house with a suitable yard.

Filed Under: Home Tips Tagged With: Backyard Designs, Pool, Summer Homes

Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Ron MartinRon Martin
Residential Mortgage Loan Originator

NMLS#316821

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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