Is Owning a House and Mortgage Financially Sensible?

Is Owning a House and Mortgage Financially Sensible?

The following article is a guest post.

One of the biggest components of the traditional American Dream is owning a home. Millions of Americans have taken the plunge over the previous decades to buy a home of their own.

A home can help you build wealth over time. But is it the most sensible move from a financial standpoint?

Homeowners In The US

Nearly 63 percent of American households owned a home as of 2015. This left 37 percent of Americans renting. In many instances it is actually cheaper to own a home than to rent. However, there are some variables that can come into play when deciding whether owning a house makes sense.

Things to Consider Before Owning a House

1. Interest Rates.

Before deciding whether to buy or rent, the current interest rates are definitely a statistic that you’ll want to take into account.

The higher the interest rate, the more a borrower is likely to have to pay over time. Of course, those who pay off their mortgages and own their homes free and clear will not have to worry about interest, which will free up more monthly cash flow for other expenses.

2. Repairs.

Another consideration over the monthly cost of owning a home that people will want to take into account is the cost of home maintenance.

It will be necessary to replace HVAC systems and roofs occasionally, regardless of how well these are maintained. Additionally, a new coat of paint will provide a nice home improvement whether it covers the interior or the exterior.

These costs are in addition to the actual principle and interest costs that are required to avoid foreclosure. There is also the possibility of a collapsed sewer pipe, water leaks or other such problems that can lead to repairs that will cost thousands of dollars.

Such costs do not show up in the monthly payment, but they are very real hits to a family’s budget.

3. Insurance and Taxes.

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In addition to the cost of principle and interest, homeowners will have to pay for insurance and property taxes.

Those who owe money to a bank for a home are generally required to carry an insurance policy to protect the bank or credit union that extended the loan. This insurance also protects the homeowner should a home endure major damage.

Also, most areas of the country have property taxes that add to the cost that a homeowner will pay. While homeowners will generally see these costs on their monthly statements, they also exist for those who rent. The cost of insurance, property taxes and interest are hidden in the cost of renting. Along with the estimated cost of maintenance and a bit of profit for the landlord. This is why renting can often cost more than buying.

4. Tax Benefits.

Those who own a house may be able to save money on their taxes. Mortgage interest and property taxes are deductible expenses that cut down taxable income for homeowners.

For those who have enough deductions to itemize their tax returns, owning a house can cut the amount that homeowners have to pay to the IRS. Those who rent do not have access to these deductions as they will instead go to their landlords.

This is another point to take into consideration when it comes to deciding whether to buy a home or rent.

5. A Forced Savings Account.

If you’re looking to build wealth, a home in a desirable area can help you get there. People who put enough money down instantly have some equity that they would theoretically be able to access should they need it.

Every monthly payment then adds to the amount of equity that the homeowner holds. When the house is completely paid off, there is no need to pay for rent or a mortgage. Although taxes and insurance costs will probably continue.

Should a homeowner decide to sell a home, the equity would then be cash that they would have access to.

Additionally, those who reach senior citizenship can access the equity that they they have in the home through a reverse mortgage. Homeowners who qualify for a reverse mortgage can continue to live in their homes while accessing cash from a bank. The home just goes over to the bank after they pass away if the loan is not repaid by any heirs.

Owning a home can unfortunately lead to a lack of flexibility.

It can take some time to sell a home. If it’s not paid off, a borrower could wind up paying for two homes if they have to move quickly for a new job.

Home values can rise and fall, which can lead to a borrower owing more than they could get for selling a house. On the other hand, a house that’s paid off would allow for some free and clear rental income should the owner decide to move. Those who rent can basically move at any time with few restrictions.

There are many considerations that should go into whether owning a home is the right decision. Those who have a nice down payment will have some instant equity, and the savings account that their home constitutes can grow over time. If the value of the home increases, the size of this forced savings account will follow suit.

Owning a home can make sense financially, but there can be circumstances that can make this less of a sure thing than many might expect.

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8 Ideas for Fundraising Promotional Products for Your Next Charity Event

8 Fundraising Promotional Products That are Perfect Giveaways for Your Charity Event

Fundraising events play a vital role in raising money for your organization that it needs. Whether you are fundraising for a building project, a particular disease, operating costs, or to help others, events are a great way to go.

Event ideas can range from fundraising dinners to car washes to auctions. Whatever you choose, fundraising events are a great way to go. These events are conducted with the sole aim to support a noble cause and it is important that more and more people engage in the fundraiser.

As they are mostly directed towards raising money, the most exigent task however remains is to convince donors and contributors, earning their trust to support your cause. Logical thinking and proper planning will surely spell success for such events.

Fundraising promotional products are a great way to influence the public to contribute to your cause. Let’s discuss how.

How Fundraising Promotional Products Can Help Your Charity Event

Explore new Ideas

Well, every day new ideas are invented and different NGO’s and organizations find a unique way to motivate more and more people to support their cause.

The use of promotional products for fundraising events has created a pathway for those organizations that want to influence more and more people to support their cause.

Organizations make different strategies while choosing the different fundraising promotional products. From daily use products to attractive gifts, the market is huge. You just need to focus on your promotion strategy and target audience; the rest will be done by the products.

The market is full of wide range of promotional products that can be used for various events. Nowadays, people are supporting various causes such as Cancer, Child Education, Breast Cancer, etc. For this, they need funds and for funds they need people.

Fundraising events become successful when more and more people are involved in the event. Organizations need more and more charity and for that, they need to impress the public. If the public is happy and motivated, it will surely contribute and support the noble cause.    

Promotional Products for Fundraising

To make your fundraiser success all you need is a good and handy promotional campaign. The right marketing campaign can easily benefit your business firm by helping you reach out your target audience. 

Effective marketing strategies combined with the right set of tools and products are bound to produce positive results. You need to focus on some productive Fundraiser Events and Ideas. C2BPromo™ is one of the distinguished names in the industry that specializes in providing the widest range of promotional items at the best prices.

Customized products can prove to be quite spectacular when it comes to fundraisers. The fundraising promotional products can entice your guests and make them contribute positively.

Fighting for a social cause such as breast cancer awareness, child education, etc demands the use of effective strategies and innovative products that can catch the attention of the guests. Products such as customized ribbons, flash drives, coffee mugs, water bottles, t-shirts, etc turn out to be the most effective promotional products that can be the best giveaways for a fundraiser.

Have a look at the other creative, innovative, and productive ideas that are trending in the market.

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Power Banks

The power bank is an effective tool to giveaway your audience and gets the attention you deserve. For an effective marketing strategy, tools like these can easily boost your promotional campaign ensuring that your brand name reaches wide and far. These are a daily-use item and with your brand logo imprinted on it, it will make people aware of your cause.

Digital Cameras

Cameras can be a great promotional gift. Providing digital cameras with your brand name imprinted to the customers is an effective way to retain your customer base.

The lucky customers who’ll get these promotional giveaways would keep supporting your organization and also the other people will come to know about your NGO. These customers would also advocate for your brand name and stay loyal to the firm for a long time. This kind of technological gifts attract the customers and provide value.

Fitness Trackers

Another unique giveaway is a fitness tracker.  These are one of those handy promotional gifts and giveaways that can easily create a buzz around the market. T

hese trackers not only track the health status but they also prove fruitful in your promotional needs. People are into fitness these days and whenever they are going to have a run, a walk, or workout, your brand name is going to get more popularity.

Bluetooth Speakers

These speakers have the potential to increase brand awareness and target the right marketing audience with ease. Bluetooth speakers are the reliable fundraising promotional products preferred by the clients for your marketing needs.

Fundraisers are all about making the audience aware of the cause you are supporting. Wouldn’t it be great if you use speakers that have a pre-set audio that tells the people about your organization?

Custom VR Headsets

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Virtual Reality (VR) Headset is an innovative tool that is quite popular among the audience. Gifting such popular items for free is bound to produce some positive results for your promotional campaign.

C2BPromo™ offers the best-in-class customized VR Headsets at factory-direct rates to the clients. You can choose these kinds of innovative accessories that are trending in a market and people are interested in such products.

Mugs

Insulated mugs keep hot beverages at the desired temperature. When any kind of fundraiser is held outdoors on a blustery day, filling these with coffee, tea, or hot chocolate helps keep participants going. They are attractive enough for everyday use and feature a sturdy handle and a thumb slide lid that helps prevent beverage spills.

The bottom of the mug is designed to fit into the cup holder of the automobile and BPA-free material eliminates the fear of contamination.

Sunscreen Kits

A unique promotional item can also be a sunscreen kit that spreads awareness about cancer. Two packets of sunscreen, one packet of lip balm, adhesive bandages, and antiseptic and wash-up towels are contained in a case that fits into the glove compartment or a briefcase.

Charities can have their logo imprinted on the lid of the case, advertising their support. Quantity discounts are often provided for promotional items like this, making it worthwhile for charities to order enough for events throughout the year.

Pink Ribbons for Cancer

People worldwide wear pink ribbons to express their moral support for women and men who have breast cancer. The ribbon is imprinted on clothing, bags, and promotional items like mugs, cups, and water bottles. It has even been designed as a magnet for display on automobiles.

Charities shopping for promotional items may be able to design their own breast cancer awareness ribbon that features full-color printing and an image of their choice. These thick magnets are water-repellent, fade resistant, and designed to be used outdoors.

One way to build exposure for your business is to get involved in community events.

Whether it is a town festival, fundraiser, or parade, community events are a great place to give away your branded products. In this situation, you are able to reach a large group of people quite easily. Using a promotional item as a prize or simply as a giveaway allows you to get your business information out in the market.

Plus, you are able to associate your business as a leader in the community. This type of goodwill cannot be found through traditional advertising.

Whether your organization is large or small, promotional products can be highly effective tools for spreading your noble cause to a great extent. These branded items can be given away at events to gain valuable exposure for your cause. Fundraising promotional products are an affordable means to increase visibility for your NGO among your target market and help you get the maximum charity.

So, explore a diversity of products at C2BPromo™where you can get the best promotional products at factory-direct rates.

Fundraising promotional products are a great way to influence the public to contribute to your cause. Here are 8 ideas for such items to create brand awareness and help your next charity event and business growth: