Reporting Death of a Loved One

4 Ways To Not Break The Bank This Mothers Day

With Mother’s Day around the corner, it is time to start gathering some ideas on how we can really make the day special! It is no secret that everything is growing more expensive, and it is becoming increasingly difficulty to not break the bank when it comes to gift, but luckily Credit Law Center has you covered! 

1.) Thrifty Flowers 

One of the most traditional ways to tell someone you love them is to send them beautiful, vibrant flowers. Although this is a wonderful gesture, it can really add up once you consider everything that goes with a wonderful bouquet. 

A terrific way to help cut back on the cost is to bring your own vase or pick out a beautiful vase at a craft store. Floral shops can also become quite expensive as the bouquet is normally priced per flower, consider visiting your local grocery store and make your own small bouquet for as little as $10-$15. 

If you do decide you would like to go with a florist, be sure to ask when the flowers were delivered to make sure you get the freshest pick! 

2.) Creative Piece 

Hobby and craft stores are amazing places to find a Mother’s Day gift! You could find a beautiful piece of art or pick up a fun craft for you and your mother to complete together! Places like Potters Haven offer event days where parties can come in, have a glass of wine and paint together! Add that with a quick lunch and you have the better part of the day set aside to really make your mother feel special! 

3.) Good Eats 

After working in restaurants for several years, it is no question that Mother’s Day is one of the busiest days out of the year. Hour long waits and added stress is not something you or your mother need on her special day. Instead, why not fire up the grill and make a wonderful meal! In the time it would take to get into a restaurant, get seated and get your meal, you could be relaxing at home with cheaper drinks and better service! 

When I was younger, we would have a big family BBQ where everyone would stop at our Aunt Cindy’s house and cook a amazing spread for everyone. Grab the radio, set up the yard game and sip on an ice-cold drink with some of the most important people in your life and have fun! 

4.) Acts of Service 

Sometimes, something as simple as help around the house can be a great gift! Finishing the laundry, completing some house chores, or just helping by going above and beyond during the day is a lovely display of appreciation! Even if it isn’t flashy, acts of service are still quite a viable gift! 

From the Credit Law Center family  to all those special ladies on Mother’s Day, we appreciate all you do!

Recent Updates to VA Loans Everyone Should Know About

Acclimating to New Changes

Last year was an interesting year; with the COVID-19 pandemic and the presidential election, everything seemed slightly different. However, not everything that happened last year was negative, with the previous year bringing some significant updates to VA home loans, which have since significantly increased their usage. According to recent data, the use of VA loans increased by 11.4% from 2019 to 2020, bringing a total of more than 1.2 million loans guaranteed in one year due to these changes.

Signed into law on June 25, 2019, by the U.S. President, the Bluewater Navy Act has brought some significant changes to the VA loan program. The White House passed the act intending to compensate Vietnam War Veterans who got exposed to harmful chemicals during their deployment. The law also changed two significant parts of the VA loan program by changing the VA loan funding fee and the VA’s loan limits.

Changes to the Funding Fee

VA Funding Fee Changes for 2020 | HOUSE Team

The VA funding fee, a one-time payment that VA loan applicants have to pay on their loan, was temporarily changed. The change made it so that Active Duty Service Members pay an increased funding fee of 0.30%, which previously was at 0.15%. Members of the National Guard and members of the reserves, on the other hand, are now paying a lower amount on their funding fees. However, these changes are temporary and are said to last for at least the next two years.

Active Duty Service Members who have a purple heart can have their funding fee removed as long as they close their home while in an active-duty status. Also, veterans with disabilities who were already exempt from paying the funding fee did not see any changes to their funding fee payment requirements.

Removal of the VA Home Loan Limit Previously, borrowers who applied for a VA loan had to deal with VA county loan limits, which varied per county. That is no longer the case as the VA completely removed these loan limit requirements for first-time VA home loan borrowers. Therefore, VA home loan recipients now have the opportunity to live in more affluent communities, previously unaffordable due to the VA loan limits.

Applicants who already have a VA loan and want to take out a second one are still subject to their county VA loan limit, which on average, as of 2021, has a limit of $548,250, which can vary per county.

It is important to note that although the loan limit removal allows lenders to lend out more, it does not mean that lenders won’t limit how much you can borrow. Since loans are given out by lenders and not the VA, there can still be limits set for how much you can borrow. Currently, VA Home Loan Centers has a loan limit of $5,000,000 for first-time VA loan borrowers.

Native American Veterans who apply for a VA home loan and plan to purchase a home on Federal Trust Land no longer have to deal with loan limit requirements.

What is a VA Home Loan?

MOAA - Inspector General Finds VA Overcharged Disabled Vets on Home Loans

Often touted as one of the best government-guaranteed home loans available, VA home loans offer several significant benefits. These include no down payment requirements, no mortgage premiums, low-interest rates, low monthly payments, and fixed mortgages, which last anywhere between 15 to 30 years.

Also, the U.S. Government guarantees these loans, giving lenders protection if borrowers cannot afford to make their monthly mortgage payments and end up defaulting. Hence, lenders are more lenient with their application requirements and are willing to work with applicants with a low credit score.

Conclusion

The signing of the Bluewater Navy Act has brought changes to the VA home loan program. These changes increased the amount of housing opportunities for our brave men and women in uniform. The law improves an already excellent government loan program by empowering borrowers with the removal of VA loan limits.

Phil Georgiades is the Certified Leasing Specialist for VA Home Loan Centers, a government-sponsored brokerage specializing in VA Home Loans. He has also been a real estate professional for 22 years. To apply for a VA loan, call us at (877) 432-5626.

Do you have questions about your credit report? If you would like to speak with one of our attorneys or credit advisors  and complete a free consultation please give Credit Law Center a call at 1-800-994-3070 we would be happy to help.

If you are hoping to dispute and work on your credit report on your own, here is a link that provides you with a few ideas on how to go about DIY Credit Repair.

Reporting Death of a Loved One

4 Ways To Not Break The Bank This Mothers Day

With Mother’s Day around the corner, it is time to start gathering some ideas on how we can really make the day special! It is no secret that everything is growing more expensive, and it is becoming increasingly difficulty to not break the bank when it comes to gift, but luckily Credit Law Center has you covered! 

1.) Thrifty Flowers 

One of the most traditional ways to tell someone you love them is to send them beautiful, vibrant flowers. Although this is a wonderful gesture, it can really add up once you consider everything that goes with a wonderful bouquet. 

A terrific way to help cut back on the cost is to bring your own vase or pick out a beautiful vase at a craft store. Floral shops can also become quite expensive as the bouquet is normally priced per flower, consider visiting your local grocery store and make your own small bouquet for as little as $10-$15. 

If you do decide you would like to go with a florist, be sure to ask when the flowers were delivered to make sure you get the freshest pick! 

2.) Creative Piece 

Hobby and craft stores are amazing places to find a Mother’s Day gift! You could find a beautiful piece of art or pick up a fun craft for you and your mother to complete together! Places like Potters Haven offer event days where parties can come in, have a glass of wine and paint together! Add that with a quick lunch and you have the better part of the day set aside to really make your mother feel special! 

3.) Good Eats 

After working in restaurants for several years, it is no question that Mother’s Day is one of the busiest days out of the year. Hour long waits and added stress is not something you or your mother need on her special day. Instead, why not fire up the grill and make a wonderful meal! In the time it would take to get into a restaurant, get seated and get your meal, you could be relaxing at home with cheaper drinks and better service! 

When I was younger, we would have a big family BBQ where everyone would stop at our Aunt Cindy’s house and cook a amazing spread for everyone. Grab the radio, set up the yard game and sip on an ice-cold drink with some of the most important people in your life and have fun! 

4.) Acts of Service 

Sometimes, something as simple as help around the house can be a great gift! Finishing the laundry, completing some house chores, or just helping by going above and beyond during the day is a lovely display of appreciation! Even if it isn’t flashy, acts of service are still quite a viable gift! 

From the Credit Law Center family  to all those special ladies on Mother’s Day, we appreciate all you do!

Banks Respond to Covid-19

A Light in the Dark

For all of those that have been financially impacted by COVID-19, below is a list of some of the largest lending institutions and banks that have already released statements and programs to help those affected. We have pulled this list together attempting to help you make the best decision to help you and your families. We implore you to communicate with your creditors in times like these and specifically ask how this will be reported to the credit bureaus. Most companies are addressing this in their press releases. If you are unsure or have a question, please reach out we are happy to assist you in understanding how the choice will impact your credit score. 816-994 -4600

FDIC website consumers’ frequently asked questions about the impact of COVID-19 on their banking relationships.

Ally

On March 18, Ally shared measures it will implement to offer relief to those experiencing financial hardship due to the coronavirus pandemic.

Here’s how the bank is offering assistance:

  • Ally is waiving all fees related to expedited checks and debit cards, overdrafts and excessive transactions on savings and money market accounts until July 16, 2020.
  • Auto loan payments can be deferred for up to 120 days. No late fees will be charged, but finance charges will accrue. New auto customers will have the option to defer their first payment for 90 days.
  • Mortgage payments for existing customers can be deferred for up to 120 days. No late fees will be charged, but interest will accrue.

Ally is strongly encouraging customers to utilize its online self-service access and the Ally mobile apps, to avoid longer call wait times. Customers can continue to transfer money and make payments online as usual. For depositing of checks of $50,000 or less, it’s faster to deposit them online via the mobile app than to submit by mail.

Image result for ally bank

For more information and updates, visit Ally’s coronavirus help page.

Bank of America

Bank of America emailed information to Forbes about potential measures it is ready to take in response to the coronavirus:

“We continue monitoring the developments of coronavirus and are always prepared to support our clients facing financial hardship or loss of income due to illness. All employees who work directly with our clients are trained to identify and assist impacted clients and provide the right support to address their unique personal needs. As part of our regular practice, we offer assistance to qualifying consumer and small business clients facing hardships, including forbearance with certain fees.”

A video has been added to Bank of America’s coronavirus help page to explain the additional assistance the bank is providing to clients and small businesses.

On March 19, Bank of America announced additional support that will be provided, working on a case-by-case basis, including:

  • For consumer and small business deposit accounts, clients can request refunds of overdraft, insufficient funds and monthly maintenance fees.
  • Clients can request to defer payments and refunds of late fees on their small business loans.
  • On auto loans, personal loans, mortgages and home equity loans, clients can request deferral of payment, with those payments added to the end of the loan. So long as clients are up to date, no negative credit bureau reporting will be made.

Clients facing financial hardships related to the coronavirus are encouraged to visit Bank of America’s coronavirus help page and contact the client services team.

Capital One

In an email to customers on March 12, Capital One encouraged them to access their accounts with the bank’s digital banking tools, including online and app access.

Customers facing financial difficulties due to the coronavirus are urged to contact the bank directly through one of its many customer support lines. At its website, Capital One encourages customers who may be impacted or need assistance to reach out so that the bank can help find a solution.

Capital One tells Forbes that all customers will be eligible for assistance, of which will vary on the type of product they have and their individual needs. Examples of assistance include:

  • Minimum payment assistance
  • Deferred loan assistance
  • Fee suppression
  • Image result for capitol one

For more information and updates, visit Capital One’s coronavirus help page.

Chase

Chase says it will “continue to adapt” to the changing coronavirus situation. Effective March 19, Chase temporarily closed approximately 20% of its branches to help ensure the safety of customers and employees. In addition to its nearly 4,000 branches that will remain open, Chase encourages customers to utilize the tools available on the Chase mobile app and at chase.com.

Individuals who are affected by COVID-19 and need help with their accounts are encouraged to call the number on the back of their credit or debit card, or on the back of their monthly statement. In an email to Forbes, Chase detailed what this help could potentially look like, but explains that, as of right now, it’s being addressed on a case-by-case basis.

“We are helping customers who contact us, as we always do and notably did during hurricanes and wildfires in years past. Things we’ve done for customers (and small businesses) in past crises include things like fee waivers or refunds, changing due dates, extending credit lines. Sometimes, if there’s been a government-designated area (like for a Hurricane), we will proactively waive certain fees. We’re not there yet with this, of course. We’re working with our customers on a case-by-case basis right now.” 

For more information and updates, visit Chase’s coronavirus help page.

Citibank

Effective March 9 for an initial 30 days, Citibank customers can contact the bank for assistance with:

  • Waivers on monthly service fees, for both regular and small business customers
  • Waived penalties for early CD withdrawal, for both regular and small business customers
  • Fee waivers on remote deposit capture for small business customers
  • Bankers available after hours and on weekends to support small business customers
  • Some credit card customers may be eligible for credit line increases and collection forbearance programs.
  • Some mortgage customers may be eligible for a hardship program through Cenlar FSB, the bank’s service provider. For assistance, call Cenlar FSB at 855-839-6253 (Mon–Fri, 8:30 a.m.–8 p.m. ET or Sat, 8:30 a.m.–5 p.m. ET).
  • Image result for citibanl

For more information and updates, visit Citibank’s coronavirus help page.

Discover

Discover’s coronavirus help page says there is “support in place” for qualified Discover customers who experience hardship as a result of the outbreak.

Online banking customers can reach out to Discover’s 100% U.S.-based Customer Service team for help by calling 1-800-347-7000 (TTY/TDD 1-800-347-7454) at any time.

For more information and updates, visit Discover’s coronavirus help page.

Fifth Third Bank

The bank initially provided a written statement to Forbes about how it’s monitoring the situation, and actions it could put into effect. Since, the company has created a coronavirus help page, detailing similar information.

“We are focused on the safety of our employees and customers, and ensuring business continuity. This work includes ensuring that critical functions continue in the event of any disruption, with policies, people and processes aligned to provide continuous service. We are not starting from scratch on these plans. Fifth Third Bank has long had comprehensive plans and strategies in place to manage effectively through emergencies—these include hardship programs for our customers. We are well prepared, and we continue to monitor this situation from every level of our organization.”

Fifth Third adds that if circumstances require temporary closure of any of its branches, customers will be notified and informed about backup physical locations. Fifth Third accounts also can be accessed via the bank’s digital banking tools including mobile, online and voice banking services.

“Fifth Third’s focus on helping customers improve their lives and building stronger communities is more relevant than ever during these times of uncertainty,” said Greg D. Carmichael, Fifth Third chairman, president and CEO. “We take our role and responsibility seriously to understand and put our customers’ needs first. We are continually evaluating our programs to assist our customers. Last week, we announced several proactive measures that we are taking across our business and consumer products to help lessen the financial strain on our customers, and we are providing additional details on these programs today. Our goal is to stand with our customers to help them and our communities get back on their feet. We are here to help our customers when they need us most.”

Fifth Third is offering the following programs for our consumer and business customers facing financial hardship related to COVID-19. To participate in the programs, customers will need to contact Fifth Third.

  • Vehicle Payment Waiver Program: Payment waived for up to 90 days and no late fees during the waiver period.
  • Consumer Credit Card Payment Waiver: We are offering to waive the monthly payment requirement on Consumer Credit Cards (Trio, Truly Simple, Platinum, Secured, World Elite) for up to 90 days with no late fees.
  • Mortgage and Home Equity Program: 90-day payment forbearance with no late fees.
  • Small Business Payment Waiver Program: We are offering a payment waiver program for up to 90 days, no late fees and a range of loan modification options. We are waiving all note processing fees for new Fifth Third Fast Capital loans for six months.
  • Fee Waiver Program: Fee waivers for up to 90 days for a range of consumer and small business deposit products and services.
  • Vehicle loans: Suspension of initiating any new repossession actions on vehicles for the next 60 days.
  • Foreclosures: Suspension of all foreclosure activity on homes for the next 60 days.

Customers should call Fifth Third to participate in these relief efforts. In addition, customers are reminded that interest will accrue during the 90-day no-payment period for each of the waiver programs.

For more information and updates, visit Fifth Third Bank’s coronavirus help page.

Marcus by Goldman Sachs

Marcus by Goldman Sachs initially shared information with Forbes about its efforts to help customers experiencing financial hardship due to the coronavirus.

Customers with personal loans through Marcus by Goldman Sachs can postpone payments on their loans for one month with no interest, and their loan terms will be extended by one month. For customers who need access to funds currently held in certificates of deposit prior to maturity, Marcus is waiving early withdrawal penalties.

As of this time, Marcus by Goldman Sachs is operating its contact centers virtually. The temporary hours of operation are Mon–Fri, 9 a.m.–8 p.m. ET and Sat–Sun, 9 a.m.–6 p.m. ET. Customers can call 1-844-MARCUS-6 (1-844-627-2876) and may expect to experience unusually long hold times.

For more information and updates, visit Marcus by Goldman Sachs’ coronavirus help page.

PNC Bank

PNC’s website says it will be helping customers “navigate potential financial hardships” because of the coronavirus. In an email to Forbes, the bank encourages customers encountering hardship to reach out to the bank directly; assistance will be addressed on a case-by-case basis. Customers affected by the virus who are encountering hardship can call 1-888-762-2265 (Mon-Fri 7 a.m.–10 p.m. ET or Sat-Sun 8 a.m.–5 p.m. ET) to discuss options.

PNC adds that the bank will continue to monitor the coronavirus situation “to determine potential extension or expansion of available assistance,” and customers will be notified of any developments as they arise.

Effective March 20, PNC has made temporary adjustments that include operating primarily via drive-up only (except branches that do have have drive-up), and PNC estimates that three quarters of its branch network will remain open. Open branches are operating on reduced hours, offering designated days for “essential appointments,” such as safe deposit box access, loan closings or other in-person services.

Image result for pnc bank

For more information and updates, visit PNC’s coronavirus help page.

Truist

Truist (formerly BB&T and SunTrust banks) says it’s committed to working with clients “to reduce financial stress during this challenging and uncertain time.” The bank is also encouraging individuals to use its digital and mobile banking options.

Effective March 21, most branches will remain open with “modified service” including ATMs, drive-through, and consultations in the branch by appointment.

Customers experiencing financial hardship due to the coronavirus will be provided payment relief on consumer loans, personal credit cards, business credit cards and business loans. The bank is also temporarily waiving ATM surcharge fees to help consumers and businesses access cash. Customers who use their BB&T and SunTrust credit cards for qualifying purchases at grocery stores and pharmacies will receive 5% cash back through April 15.

Customers in need of assistance can reach out to the following numbers:

  • Heritage SunTrust clients: 800-SUNTRUST (800-786-8787)
  • Heritage BB&T clients: 800-226-5228

For more information and updates, visit Truist’s coronavirus help page.

U.S. Bank

U.S. Bank is encouraging customers to utilize its digital banking features, including its mobile app, online banking or banking by phone.

On its coronavirus help page, U.S. Bank says it is “actively looking for ways to assist our customers that have been financially impacted by COVID-19” and suggests several products that may be of help. Customers who need additional support are invited to call 888-287-7817.

Effective March 19, U.S. Bank has temporarily reduced its hours of operation in all branches and is encouraging the use of drive-up services rather than lobby services.

For more information and updates, visit U.S. Bank’s coronavirus help page.

Wells Fargo

Wells Fargo customers experiencing hardship from the coronavirus disease can call 1-800-219-9739 to speak with a trained specialist about their options. This includes customers of consumer lending, small business and deposit products. Details on what type of assistance might be available have not been released but are likely determined on a case-by-case basis.

Effective March 20, Wells Fargo is temporarily closing some branches and adjusting operating hours of branches. Customers are encouraged to utilize drive-up, rather than lobby, services when possible.

Wells Fargo also has suspended residential property foreclosure sales, evictions and involuntary auto repossessions.

For more information and updates, visit Wells Fargo’s coronavirus help page.

 

Image result for wells fargo

 

 

Article by Bo Thomas

Do you have questions about your credit report? If you would like to speak with one of our attorneys or credit advisors  and complete a free consultation please give us a call at 1-800-994-3070 we would be happy to help.

If you are hoping to dispute and work on your credit report on your own, here is a link that provides you with a few ideas on how to go about DIY Credit Repair.

5 ideas for smart summer savings

High Utility Bills & High Temperatures│5 Ideas for Smart Summer Savings

5 Ideas for Smart Summer Savings

The first day of Summer officially arrived although it seems we have skipped most of Spring this year!  Have you noticed your bills are much higher than the previous Summer? It’s no surprise that while the days are longer and hotter, utility bills are headed on up too. We don’t expect that anyone would choose to sit inside with the air off, so with that, we have a list of some ways to save so you can stay cool while keeping your costs at a minimum.

 

Air Dry Your Clothing

Do you have a place to hang your clothing outside? Cutting back on your electric bill by letting all your laundry air dry is a great way to save this Summer. Although the time it takes to dry your clothes does take longer, it will keep your clothing looking brighter and actually extend the life of the clothing rather than tossing it in the dryer every time.

Find A Pool

Pack a snack and spend the day by the pool. This is a great way to give your AC a much needed break for the day. After you leave the pool, find a spot for a shaved ice or ice cream cone and soak up some of the air and cool off.  For parents, this is a great way to get the kiddos tired and settled down for a quiet movie and bed time!

Here are a few other awesome ideas for your kids to do this Summer that are free!

 

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Unplug

We tend to leave all of our phone chargers, laptops and other devices plugged in at home when we finish using them. Before you lock the front door, walk around your home and unplug any devices that are not being used. One way to eliminate this head ache is plug everything in a power saving strip so that when you are in a rush, you just turn the strip off and can head out the door or invest in an outlet timer.

Clean Up

The refrigerator is one appliance you cannot unplug but you can still cut costs by keeping the back side of the fridge clean! Once you move all the toys, goldfish and crumbs out of the way, you’ll see the coils on the fridge in the back or bottom of the fridge. They need a good cleaning each month which can help you save money as well. Just a quick once over with your vacuum each month can help you save.

Are you a renter?

It can be hard to cut cost on a unit that you can’t fix some of the issues that cause your bills to be higher, like the front door needing to be weatherized so the air does not escape. Here are a few ways you can save without calling up your landlord:

  1. Change air filters on air conditioner/furnace
  2. Thermostat settings-can cut costs 3% each degree over 75
  3. Cold Water-wash your clothes in cold which can save you about 50 cents/per load of laundry you do

Get out and enjoy your Summer to the fullest with your friends and family! Whether you are hoping to save up for a new vacation, a new home or just to put money back into savings, we hope these tips will help you get there this season!

 

A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

Do you have questions about your credit report? If you would like to speak with one of our attorneys or credit advisors  and complete a free consultation please give us a call at 1-800-994-3070 we would be happy to help.

 

Check out Credit Law Center’s info-graphic on 4 myths of collections reporting on credit reports.
credit collection myths infographic

credit collection myths infographic

 

KC Royals Blog

Ballparks On A Budget

Ballparks On A Budget

Salvy

For once, feeling blue is good! (Royal blue that is) and dare I say it, but baseball season is finally here again! If you have looked at the ticket prices at Kauffman Stadium lately you’ll notice they have not gone down. In 2018, the average ticket price for a Cubs game at the highest end of the spectrum is nearly $60 while the KC Royals average about $34 a ticket. If you were hoping to spend a day at the K, you may be looking at a few hundred dollars between parking, tickets, and those fan food favorites. I fully believe that once in a while an experience at the stadium is worth it (wherever you call home) but there are a few other options in Kansas City that may have slid passed you.

Here are a few (alternate ways) to enjoy my favorite pastime, without striking out on all the fun:

Watch the game at one of the local bars

Power and Light, Chicken N Pickle, Westport or your local Johnny’s Tavern are just a few favorite spots of mine to enjoy a good game. With a great patio, some fun outdoor games, and a cold beer you’ll still be able to enjoy time out in the sun with your friends.

Buy tickets in the top section

Chances are, you will end up wandering around the stadium in-between innings and can hang out in the bar out in left or right field. At some point you may ask yourself “Why did I come to this game, and pay for those seats?” It was for the Dippin’ Dots or maybe that is just me! But, if you are adamant about going into the game, purchasing a ticket for $19.99 in the nosebleeds won’t break the bank.

 

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Pack a snack

Unopened plastic water bottles (limited to 1 per person) are acceptable as well as small bags (16×16) of snacks. These can be taken into the stadium with no trouble. For more information on what you are allowed to take into the stadium, check out the Royals website here. Tailgating is another great option to feed your friends and kids before going in and to avoid the high cost of the concession snacks.

 

Catch a T-Bones game

With free parking and fireworks every Saturday, this is a great alternative option for families that are wanting to take their kids out for a fun baseball experience. Select seats are $11 and there is entertainment just about every inning.

What I didn’t talk about is the one way I prefer to catch all of my baseball games-by radio. Although it may be old school (millennial’s cant be old school, or so I’ve heard) there is something fun about relaxing on the patio at home and listening to the announcer describe the scene. If you are a true fan of the game, it’s fun to imagine what the field looks like and the sound of my favorite guy walking through the isles of Kauffman Stadium yelling “Lemony, Lemony, Lemonade!” That is what this time of year is all about.

Whether you choose to enjoy the sights and sounds of Kauffman this year or decide to do something totally different, Kansas City offers many outdoor activities  for families on all budgets!

A note from the Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

making large purchases, credit law center

When To Make These 6 Big Purchases!

 

Timing really is everything! Who knew making large purchases had a “right time” too? If you tend to be organized and can set aside and plan out when your big purchases will be made, this guide is for you. For most, appliances and must-haves tend to give out at the most inconvenient times. In an effort to maintain the trend,  start planning ahead! With all of this in mind, here are the top 6 best times for major purchases that may make an appearance in your future:

1.Mattress Sales-Presidents Day, Memorial Day, Labor Day
The three day weekends have been a huge hit for mattress sales! In an effort to attract customers with a lot of time on their hands, many stores go out of their way to advertise for huge blow out sales on mattresses. Good rule of thumb is to replace your mattress every 5-10 years. Are you due for a replacement? There are only a few short weeks left before Memorial Day!

2. New Pool-Fall
Although you may not want to wait until Fall, it will end up being a great saving for you in the long run. By no means are home pools cheap but getting one built late in the season has the potential to really cut cost. Contracting builders during the end of the busy season and summer months can be a huge savings. Materials are cheaper and discounted prices and sales start. Peak season on pools means the cost of labor is high. Plan ahead and spend the final months of summer planning your dream oasis. You’ll be glad you did!

3. Major Appliances-May, September, October
Home ownership means getting excited about deals like when refrigerators go on sale! May is ideal for those new refrigerators. Apparently, Mother’s Day is a big day for large appliances although I doubt that is what she really wants as her gift. Other large appliances like washers, dryers, and dishwashers are marked down September-October. Old appliances on the floor will be marked down during those months to make room for new models on the show room floors.

4. Furniture Deals-January
In an effort to turn a new home into the home of your dreams, furniture pieces are a must. Many outlets will lower their prices by up to 50% on the original prices of the pieces. In an effort to make room for new products again in February for new furniture they will host New Year deals and close out sales. This is a great time to take advantage of the big-ticket items you may have had on your wish list.

5. Engagement Rings-Summer
It may seem that social media tends to be blown up with weddings and engagements during the summer months. And rightfully so! To maintain the movement of rings through the stores, many jewelers lower the prices through the summer months and into August. Rings are especially expensive around peak holiday seasons like Thanksgiving, Christmas and Valentine’s Day. If you’re significant other is expecting a fancy stone, you may want to do research and plan accordingly. Your wallet and soon-to-be spouse will thank you!

6. Plane Tickets-Early December, Late January, Early February
The only way to catch most of these deals is planning and patience. For plane tickets, the best time to travel is to prepare and plan for “dead times” when crowds are small, and season is slow. A few weeks in between Thanksgiving and Christmas is a great time for travel. Many families plan and spend more than necessary in an effort to travel to see family for the Holiday’s. If you can, plan your trips before the actual holiday falls. In the end, the hectic traveling and sometimes delays may not even be worth the stress and cost when it is all said and done.

We are all about educating our consumers and saving them money! We hope these few tips will help you when you are thinking about making your next big purchase this year.

 

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Article by Breana Washington