My Home Colours – And What They Mean to Me

My Home Colours – And What They Mean to Me

The colours that I have used in houses during my time of home ownership have really changed. Partly due to the influences of people that I have lived with, budgets and ease of decorating. When I lived with my parents they regularly changed the colours in their home keeping up with trends and their taste. When they moved in the 1970’s colours meant that every room had brightly patterned wallpaper in colours such as orange and purple. My parents slowly decorated each room, firstly replacing the paper with woodchip paper and painting the room’s different colours. I remember my bedroom being yellow and blue at one time and the sitting room being green and pink. There was a lot of green as that is my dad’s favourite colour. When I bought my first home I was living with my sister and we decided together on colours for our downstairs rooms. We painted the sitting room in various colours with a wall of purple, one of orange and one of yellow, with a gold fireplace and purple carpets and orange sofas. I thought it looked cool at the time as I did the blue kitchen with white cabinets and silver ceiling.

Conservative Tastes

However, once I moved in with my husband he had rather more conservative taste and the house was very dark we needed pale colours. We started off repainting the orange office a calming green. Then the stairs from yellow and brown to cream but I did brighten up the kitchen by painting the walls Mediterranean sky blue which contrasted with the white cabinets. We then left decorating for a long time until we had children and they ripped the painted lining paper off the sitting room wasll so we changed the terracotta sitting room to cream. We had major work done on the house and repainted the whole thing, but for ease and good light painted the whole house the same colour with cream walls and white ceilings and woodwork. We liked the warm cream colour due to the fact that everything seemed brighter and it looked clean and uncluttered. Therefore we kept the house this colour. We even had the same carpet throughout as it was on special offer which is a beige colour as that seems to match everything and does not show up the dirt too much. It was also a bright change from the dirty grey one that we had before.

Bright Furnishings

In order to add colour to the rooms we picked some bright furnishings. In the sitting room this was in the form of terracotta and gold curtains, which blended in the yellow sofa which we have had a long time. In the kitchen the black worktops contract with the wood cupboards and blue tablecloth. In the bedrooms the children have brightly coloured bedding and pictures to brighten up their rooms. We have purple Julian Charles pillows and bedding and curtains which really brighten up the room. I may find that I want to add some more colour, but at the moment like the simple walls as we seem to have so much clutter in each room that it provides a calming and clean backdrop.

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Understanding Why a Reverse Mortgage May be Right for You

Understanding Why a Reverse Mortgage May be Right for You

You may have heard of a reverse mortgage, but you may be unsure what it is or how it can be useful to you. If you are of retirement age, one may help you get more money to make up for a loss of working income. However, you may still have concerns about taking on additional debt. The key thing to understand is that the debt from a reverse mortgage is not the same as the debt from a regular home loan. Below is more information about how this special type of home equity mortgage conversion mortgage (HECM) works.

How a Reverse Mortgage is Defined

A reverse mortgage is defined as a retiree home loan. It is only available to you if you are at the age of retirement. It is further defined as a home loan that pays you. That means you can set up a payment system with your reverse mortgage lender by which the lender will pay you monthly. That is unlike a standard mortgage, which would require you to make monthly payments back to a lender. Therefore, you will not be acquiring another monthly bill when you sign up for a reverse loan. Instead, you can pay it back on a more long-term basis.

Figuring Out the Reverse Mortgage Value

The amount you can borrow using a reverse loan is determined by many different factors. That’s why reverse mortgage calculators are necessary. The tools are used by lenders to figure out the current worth of your home. They take into account such things as current government caps on percentages of home equity that can be borrowed. When using a reverse-loan calculator app, your lender will also consider the current status of your home. Its age and condition will be assessed, along with any outstanding mortgages that exist for the property.

How a Reverse Mortgage Can Make Your Retirement Easier

There are many ways in which a reverse mortgage can help you when you retire. For example, in addition to not adding a monthly bill to your financial burdens, a reverse loan can help you get rid of one. You cannot have an existing standard mortgage and a reverse loan at the same time unless you agree to pay off the first mortgage immediately with reverse loan funds. By doing so, you will rid yourself of your ongoing standard mortgage bill.

A reverse mortgage can also help you by giving you an additional reliable income to make up somewhat for the drop in income you may experience when you retire. By supplementing your income, it can lift a variety of your budget concerns. For example, the funds you will get can help you pay monthly bills. They can also be used to fund one-time expenses like vacations or medical bills. You will have the freedom to choose how you spend the money.

What to Know About Reverse Mortgage Payment Periods

When applying for a reverse mortgage you must understand traditional rules about payment periods do not apply. You do not have to pay the lender back at set intervals. Also, the total loan balance will not be due by an exact date. Instead, the rule designating the length of a reverse loan is one of residency. That means you have to live in your home and use it as your main residence for as long as you want to have the loan actively. If you stop living in the home, the balance will be owed soon after that point. However, temporary absences like vacations or hospital stays do not count.

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Holiday Trends for 2019

Holiday Trends for 2019

Three exciting alternatives to your typical resort holiday

Backpacking Sabbatical

What’s furthest away from your typical resort holiday? How about trekking across multiple countries with nothing but a backpack to immerse yourself in new cultures and live like the locals?

More and more, travellers are forgoing the usual summer holiday in favour of year-long (or longer) sabbaticals to explore the world. If this doesn’t immediately light a fire of wanderlust in your belly, consider this: a year-long trip gives you the chance to fully experience other cultures and take in the world at your own pace. Imagine letting go of your everyday stresses and responsibilities, taking time out from the rat race to discover more about yourself and the world around you. Almost any backpacker’s blog will tell you that it’s the best thing they ever did and, in many cases, they found a way to make their time off help (not hinder) their career progress.

So where should you go? The options are endless; ever-popular destinations include Southeast Asian countries like Thailand, Vietnam and Cambodia, where there are plenty of communities virtually untouched by the Western world. Some decide to take on the whole of Europe, learning to cook in France, running with bulls in Spain or exploring Amsterdam’s rich history.

Mini City Breaks

City breaks continue to be a trending travel option over all-inclusive resorts for a number of reasons. There’s certainly something to be said for spending a week (or even just a long weekend) in a bustling new city, taking in the sights. Yes, it may be a little more hectic than a seaside resort, but for avid historians, art buffs and foodies, a city break often holds more excitement.

Europe is a popular choice for city breaks in 2019, with plenty of exciting cities to choose from. Let your curiosity lead you to Athens, where the ruins of Acropolis tell tales of Ancient Greece. Stroll through the streets of Copenhagen for Michelin star dining, quirky cafes and world-class shopping experiences along Strøget. Or take a trip down to Madrid, where the days are as vibrant as the nights, bursting with art, music, food and shopping that’s full of Spanish spirit.

Luxury Expedition Cruises

If you still long for the luxury of all-inclusive, but you’re bored of the resort scene, why not set off on one of Scenic Eclipse’s expedition ocean cruises? Anything but ordinary, Scenic Eclipse takes you to places the ordinary traveller can only dream of. On board the ‘World’s First Discovery Yachts’, you’ll have all-inclusive access to exclusive excursions on-shore, as well as on board the ships’ helicopters and 6-seater submarines.

You can choose from the Arctic to Antarctica and everywhere in between, including the lesser explored polar regions in the White Sea, to the Fjords of Norway, the Svalbard archipelago and the mythical Northwest Passage. Plus, for their 2019/2020 season, explore charming coastal cities across the Mediterranean, Western Europe, North America and South America.

If the destinations alone aren’t enough to thrill you, Scenic Eclipse’s expedition cruises boast world-class dining experiences from 10 on-board restaurants. Their 6-star luxury Verandah Suites are complete with elegant interiors, a personal butler service, king-size beds, a secluded private verandah and a separate lounge area to relax in; offering you absolute luxury and adventure in one unique package.

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5 Ways To Generate A Travel Fund

5 Ways To Generate A Travel Fund

Most everyone would like to travel a little bit now and then. Often, however, the prospect of actually doing it is a little bit expensive. Whether it’s booking a hotel for the weekend at the nearest beach or jetting across the world to a bucket list destination, travel costs can easily add up, and it can be difficult to justify making it happen. If traveling is a priority, however, you can do away with some of these concerns by maintaining a travel fund over time. By keeping a little bit of money separate, and either adding to the pot or helping it grow, you can occasionally dip into it for the sole purpose of making a trip happen. It makes the whole thing more doable and less stressful, and it’s easier to do than you might imagine! Here are five tips for getting started and maintaining a travel fund.

1.) Maintain A General Budget

Keeping a budget is the best way to have extra funds, period. This might not be the most specific of tips, but it’s important to remember not to start engineering your finances in only one way. If you’re hoping to generate a travel fund, you’ll need to get your overall financial outlook in order first. Once you set up a more general budget, you can begin to work a travel fund into it, not as an independent concern but as part of your greater strategy.

2.) Pocket Your Perk Money

“Perk money” is the phrase I’m using to refer to the little indulgences that we allow ourselves on a daily basis, and which add up over time. Think about how much takeout Chipotle you might buy, or how much you spend on Starbucks, and do a little bit of simple math to see how much it might add up in a month. Then, don’t just stop the activity – cut back on it and pocket the perk money. We read a lot about how much we could save by dropping the morning latte, but if you instead funnel that money into a specific fund, you can specifically direct your perk money toward future vacations.

3.) Do Surveys Online

Surveys online are a little bit overrated, in that some people mistake them as a means of side income. The truth is they’re typically somewhat time-consuming and most of them dish out only small financial rewards. However, if you find a few sites or apps that work for you and keep them in mind for idle time, you can at least start to stack up some spare change over time. As with perk money, if you put these earnings directly into a fund for travel, they’ll be more meaningful than if you simply lump them in with your general income. That is to say, $5 from a half-hour survey may not mean much in your bank account – but in a piggy bank for a trip fund, it might be that first percent of a plane ticket!

4.) Open An Investment Portfolio

If you’re not already investing, you can start with specific intent to generate a travel fund. Investing can seem a little bit daunting or even entirely unpredictable when you’re just getting started. But done strategically and conservatively, it can start to make you some extra money over time. Investing is not the same as gambling, in that it implies you have an actual projection of a positive outcome. It’s up to you to find such a projection, either through your own research or a trusted fund you can buy into, but the idea is that you can grow your income and put some of the extra toward your travel budget.

5.) Try Acorns

If investing is too complex or too daunting, you can try Acorns, which is a mobile app that essentially puts your spare change into a strategic portfolio. It’s not meant to have the same returns as an ordinary investment project, but it can net you a few hundred dollars over the course of a year, if not more, and that can be enough to make a major contribution to your travel plans.

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5 Tips on Funding Your Home-Grown Business during a Crisis

5 Tips on Funding Your Home-Grown Business during a Crisis

Did you sit with your banker of late? You may need to trust your banker while trudging through economic hardships. For instance, it’s often beneficial for a home-based businessman to sit with his banker regardless of whether his business thrives on borrowed money or not. Trust and credibility are often the key determinants of a successful relationship. In order to stay in touch, you’ll need to remain honest and respectful towards each other.

Get in touch with your banker more frequently and keep his organization informed about what’s taking place in your business even when you don’t need money. Invite them to your premises more frequently and show them through your operational activities for about once each year. Developing a good standing with your bank often helps develop a strong bonding for tough times. Bankers are more likely to approve loan requests from businesses or individuals with whom they have a good standing for long. But when the economy is trudging through a downturn, even the issuers of quick cash loans are likely to ask more questions and incorporate stringent compliance norms.

To-do-list for achieving funds under a financial crisis

If you can manage your business activities and future plans more effectively, borrowing money often helps in establishing a great business sense.

Points to consider before you reach out to your banker:

1. Determine the type of fund you require

Do you need funds for acquiring fixed assets in the long run? Are you looking forward to extending your working capital? Do you wish to contribute more towards equity? Determining your choice of financers gets easier when you’re aware of the type of fund you need. It will help you decide on whether you should approach an equity investor, credit union, or a banking concern.

2. Opt for more than one lenders

Establishing a few extra credit sources and shopping in your neighborhood are supposed to be included in your risk aversion policy. If you’re well-equipped, your finances ought to be segregated between multiple organizations. Also, consider distinguishing between your long-term and short-term needs.

3. Get in touch with your banker

There’s no point in being a stranger; you must be open to all forms of communication. You must meet and exceed the reporting needs of your business on time. You may end up leaving a bad impression on your banker if you furnish financial reports and statements later than his expectations. You mustn’t exceed the spending limit set on your credit card. Contact your banker if you need more funds for your business and seek an extension temporarily. Check out the projections of your cash-flow for the long-term as well as short-term and convey it to your banker. You may consider it as the basis of your credit requirement.

4. Do a detailed research

Avoid creating a fuss when extra paperwork and data are demanded by a banker. Banks are eager to lend money to their customers, but the applicants often need to undergo stringent screening under a financial crisis. It helps in proving that the funds that they applied for are actually going to be used for safe business ventures.

Prior to lending money, banks tend to improve the plans and procedures of their client businesses. Furnishing a sound business plan often makes it easier for an entrepreneur to achieve extra funds.

5. Stick to the basics

This is more about sailing your ship more tightly like stock-taking, meeting bills, and collecting dues more swiftly. You must reassure your banker about protecting your business fundamentals. For this, you’ll need to prepare yourself for offsetting risks, diversify them as and when you meet them and ensure you’re aware of the assessment factors. You must also prove how you’re planning to cope with conditions that affect these risk factors. Be proactive in answering the questions asked by your banker and share your views concerning all problems in advance.

Master the art of planning and executing the strategies more accurately just to gain full control over your financial situation.

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