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6 Reasons Why Your Budget Doesn’t Work (And How To Fix It)

6 Reasons Why Your Budget Doesn’t Work (And How To Fix It)

The post 6 Reasons Why Your Budget Doesn’t Work (And How To Fix It) appeared first on Penny Pinchin' Mom.

If you are not using a written budget (paper, spreadsheet or even an app), you are not alone.  According to a 2016 study, only 41% of Americans have a written budget.  That means more than 50% of American households are operating without a budget!!   Just because you have a budget does not mean you … Read More about 6 Reasons Why Your Budget Doesn’t Work (And How To Fix It)

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9 Tips to Spring Clean Your Budget

9 Tips to Spring Clean Your Budget

The post 9 Tips to Spring Clean Your Budget appeared first on Penny Pinchin' Mom.

Many of you have a spring cleaning ritual.  It is the time of the year when you wash the windows, air out the bedding and declutter.  However, have you ever thought about checking your budget? That may sound crazy, but it is really is the perfect time of the year to really take a good … Read More about 9 Tips to Spring Clean Your Budget

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SoFi 2021 Mid-Year Outlook: The Calm After the Storm

SoFi 2021 Mid-Year Outlook: The Calm After the Storm

SoFi 2021 Mid-Year Outlook: The Calm After the Storm

As we close out the first half of 2021 and embark on the second, the best way I can characterize what I see coming is the calm after the storm. Don’t get me wrong: everyday will not be calm. But compared to what we’ve been through and the strength we’ve seen in the aftermath, I’m […]

The post SoFi 2021 Mid-Year Outlook: The Calm After the Storm appeared first on SoFi.

20 Kitchen Items You Should Never Pay For

20 Kitchen Items You Should Never Pay For

Substitute egg separator

When you need to separate the egg white from the egg yolk, here's an incredibly simple way to do it. Crack the egg into a bowl and grab an empty plastic water bottle. Rest the mouth of the bottle on the yolk and squeeze the middle of the bottle like a turkey baster. The yolk will be sucked right into the bottle. Watch a video of this here.

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Make your own turkey baster

Speaking of turkey baster, you can make your own with a water balloon, a straw, and a utility knife. (Read this article from eHow.com for step-by-step instructions.) MacGyver would be proud.

Free trussing twine!

If you want to truss your turkey—i.e., tie the wings and legs of a bird down for more even cooking—you don't need to buy trussing twine. Use dental floss! Not only does it come in a small container, it’s very strong and won’t burn in high heat.

DIY trivet

If you have extra ceramic tiles left over from a home improvement project, you can use them as trivets. Protect tables and countertops from hot pots and dishes by affixing peel-and-stick felt corners underneath each tile. 

SEE MORE: Domestic CEO's How to Stock a Kitchen

Cooling rack stand-in

Keep your cool during holiday baking days. When you’re covered with flour, have no idea where the kitchen table used to be, and just pulled the fifth blisteringly hot tray of gingerbread men out of the oven, simply flip over cardboard egg trays (you’ll need two, spaced a little bit apart) and set the baking pan on top.

You can also use butter knives for cooling racks: Place them in rows on your counter, alternating directions. They'll keep hot baked goods elevated.

DIY bowl scraper

Have you ever seen those bowl scrapers in kitchen stores that sell for $3 to $10? These circular, plastic tools are easy to make at home. Simply take the lid of a round take-out container, cut it in half, then remove the rim. Instant savings!

Substitute rolling pin

If you're in need of a rolling pin, look no further than that bottle of vodka you have in your freezer. The chilled glass will result in a flakier pastry. Even a wine bottle will do.

Who needs cookie cutters?

Rather than buying a biscuit cutter or cookie cutter, use a wine glass or a clean, empty aluminum can. If you're making donuts, use the mouth of an empty water or soda bottle to cut out the center hole.

A simple flour sifter

Julia Child probably used a flour sifter while preparing fine pastries, but you can keep things simple by putting a mesh colander over your mixing bowl, filling it with the needed amount of flour, and gently tapping or shaking it until the flour sifts through. You can use this for powdered sugar as well.

RELATED: Nutrition Diva's Keep Your Kitchen Germ Free

Replacement pastry brush

An unused toothbrush is the perfect substitute for a pastry brush. A paper towel will also work in a pinch!

Easily make a funnel

If you have aluminum foil in your kitchen, you don’t need a funnel. Simply fold a sheet of foil in half width-wise and roll into the shape of a funnel.

You can also use an “egg shell with a hole pierced in it” for a funnel, according to the book Thrift for Troubled Times, published in 1917 by Britain's "National Training School for Cookery"!

Tenderize meat without a mallet

An unopened can of beans or vegetables makes a great meat tenderizer. Cover the bottom with plastic wrap and pound away on the meat just as you would use a mallet.

Substitute jar opener

You’ve seen those nifty, colorful jar openers in cool houseware shops, but you might not realize you’ve got a bunch of tools that are just as effective lying around your garage or basement. Using an X-Acto knife, slice open an old tennis ball and you’ve got two handy openers—game, set, match! Now pass the olives.

Handy stem remover

Hate grapefruit, and wondering what to do with those grapefruit spoons that came with your set of silver? Use their serrated edges to carve the stems out of tomatoes and strawberries.

CHECK OUT: Who Knew's 5 Essential Tips to Prevent Kitchen Disasters

Make your own juicer

Instead of purchasing a handheld juicer (also known as a reamer) for fruit, simply use one blade from a hand mixer instead. Halve the fruit and twist the blade into it for easy juicing.

Homemade potato masher

The only thing better than homemade mashed potatoes is a homemade potato masher. Interlace the tines of two forks together (the forks should be facing each other) and mash away.

DIY garlic press

The tines of a fork can also be useful for mashing garlic. Just place the tines flat against a cutting board and rub a whole, peeled garlic clove against them.

Replacement martini shaker

Who needs a martini shaker? Instead of buying this expensive bar tool, simply use a stainless steel thermos with a screw-in lid. If there’s no way to close the sipping hole on the top, cover it with your thumb while you shake!

Easy bag clip

Kitchen supply stores sell bag clips to keep your half-empty bags of snacks and cereals more airtight. What's cheaper, and available at the 99¢ store? Clothespins! Or use binder clips.

How to make a utensil holder

If you need a kitchen caddy to hold the utensils you do have, read how this intrepid blogger made homemade utensil holders with plastic Beanie Baby boxes. Who knew?

For more second uses for everyday items, follow our Clever Second Uses Pinterest board! For more great kitchen tips, check out our eBook, Cooking Made Easy, available for Kindle and Nook.

5 Ways to Not Get Divorced During the Homebuying Process

5 Ways to Not Get Divorced During the Homebuying Process

image of a couple fighting on a bench

Even the most level-headed couples can go a little crazy when hunting for a home. If not careful, stress levels can suddenly shoot through the roof.

This shouldn’t come as a surprise. Most homebuying decisions swirl around major life changes: marriage, a new baby, job relocation, retirement, and downsizing. Those are tectonic shifts in one’s life, and adding a hefty down payment and a 30-year mortgage to the mix doesn't ease the burden.

Tensions don’t end there. A home isn’t just an investment; it’s a place you’re tethered to for years. You’re literally shaping your future by the neighborhood you choose.

In such an emotional situation, people easily become overwhelmed. In fact, a U.K. report found that 70 percent of respondents thought buying a home was a critically stressful time in their lives. Only one other life event was ranked worse: getting a divorce.

Yet it’s not practical to live in the same place forever. In other words, it’s up to every couple to rethink the way they handle the house-seeking experience, starting with preparing themselves for the reality of the situation.

Decisions, Decisions, and More Decisions!

Any homebuying newbie can relate to how complicated the process can be. When two people are involved, however, the strain amplifies. Luckily, knowing a few upfront expectations and being prepared to make tough decisions can ease the pressure.

First, understand the substantial financial burden. You must openly talk about your expenditure expectations with your partner. Partners can have significantly different ideas of what they are willing to spend to have a comfortable, safe home.

You must also accept that both of your priorities won’t necessarily align. For example, you drive east for work, and your spouse drives west. Whose work is more important if you can’t find a house centralized between the offices? In addition, what if the new home allows your partner to be 10 minutes from relatives, while you have a two-hour trek to visit yours? Until these considerations are aired out, a couple will be far from acing the homebuying process.

5 Ways to Keep Your Marriage Intact During Homebuying

Overall, communication is essential. In fact, with a few steps, you can turn looking for the perfect house into a way to strengthen — not wreck — your relationship:

1. Stick to a budget

Ironically, people often discuss stretching their budgets before they’ve even set them. Take a pragmatic approach, and know your budget first. A fast way to figure out your top monthly payment is by multiplying your combined monthly income by 0.25. For example, if you two make $10,000 a month, your mortgage payment with taxes and insurance shouldn’t be more than $2,500.

At that point, you can work backward. Use a mortgage calculator, like the one provided by Zillow, to figure out that a $2,500 monthly payment equates to a $500,000 house. Don’t even consider asking your mom to co-sign a loan to get more money. Instead, acknowledge the fact that you two can only afford what you can. Accepting this will help you both make decisions logically.

2. Start with the “good,” and work up to “best”

You know you can afford a $500,000 house, but don't initially schedule showings in that price range. The first three homes should be listed at about 20 percent below your budget. As you walk through the homes, notice what you like and what you don’t. For your next house, go up to the $450,000 level. Jot down what you love and hate. Finally, step into a $500,000 home. Is it tremendously better than the $450,000 one? Are its advantages worth an additional $50,000?

By starting at “good” options and moving toward “best” choices, you gain control over the process, and both partners have a chance to air out their objections. But be warned: If you flip the order and start with a $500,000 listing, anything less would seem subpar.

3. Quantify what’s important

Try to quantify preferences to put a more rational tenor on the process. An example is weighing the objective value of school districts and home prices. Typically, a home in a stellar school district will cost up to 25 percent more than comparable homes. Thus, for your money, you would have to get a smaller home to live in a preferred community.

Talk about this not as a way to “steal” opportunity from your kids but as a way to look at the pros and cons of each decision. For example, if you have 15 percent less of a house, your kids could attend a better school. This is a more rational approach than blaming your partner for not caring about your children's education. Quantifying priorities allows both of you to look at the big picture.

4. Speak magic words

Couples involved in buying homes often forget to incorporate productive, positive phrases into their conversations. Even if it doesn’t come naturally, emphasize how grateful you are for your partner throughout the process. Talk about how you appreciate that he or she has helped make it possible to look at better homes. Or admit that you’re blown away by the flexibility you’re seeing in your partner’s willingness to incur a longer commute to work.

While it isn’t an easy feat to be affirmative, you'll end up with better long-term results. You’re starting a new chapter together, after all. Don't you want your partner to know you are here for him or her in this journey? All it takes is a sprinkling of gratitude.

5. Invest in a little reflection

Whether or not you’re religious or spiritual, make time for reflection before signing on the dotted line. This will ground you and your partner and create a sense of much-needed calm. Ask yourself: “Is this really the direction for us? Is this where we’re supposed to be?”

In addition, vow not to bicker about dollar amounts after making your choice. Rather, use your home as a launching pad for the next page of your relationship.

Who has time to heap additional stress into their lives? Avoid the price of a divorce lawyer, and focus on the exciting possibilities ahead that come with buying a new home. The homebuying process might not be a cake walk, but your marriage doesn't have to pay for it.

An entrepreneur at heart, CEO Mike Kalis leads the team at MarketplaceHomes.com, a Detroit-based brokerage that specializes in new construction sales and property management. If you purchase a new home through Marketplacehomes.com, we'll agree to buy yours. Marketplace Homes has sold more than $3 billion in new construction homes through its unique home trade-in system and manages more than 3,500 single-family properties for investors who have 1 to 10 properties. It also offers new-construction homebuyers a guaranteed lease on their previous properties for up to six years.

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Do You Know How Much You’re Spending on Dining and Takeout?

Do You Know How Much You’re Spending on Dining and Takeout?

Here’s how to determine the right amount to budget for take-out and dining, strategies to save money when ordering from restaurants.

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The post Do You Know How Much You’re Spending on Dining and Takeout? appeared first on MintLife Blog.

Your Guide to Budgeting for Summer Camp

Your Guide to Budgeting for Summer Camp

Send your campers off for summer fun without blowing your budget. Here’s how.

The post Your Guide to Budgeting for Summer Camp appeared first on Discover Bank – Banking Topics Blog.

Your Guide to Budgeting for Healthcare Costs

Your Guide to Budgeting for Healthcare Costs

Estimate your spending, prioritize your health, start an emergency fund and more.

The post Your Guide to Budgeting for Healthcare Costs appeared first on Discover Bank – Banking Topics Blog.

The Best Financial Advice I Got From Mom

The Best Financial Advice I Got From Mom

Everyone knows that Mom is always right. Here’s the best money advice from moms – and how to apply that wisdom to your own life.

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The post The Best Financial Advice I Got From Mom appeared first on MintLife Blog.

How to Improve Your Credit Score to Get a Personal Loan

How to Improve Your Credit Score to Get a Personal Loan

If you’ve been considering taking out a personal loan, here are a few tips you can use to get a rate you (and your wallet!) will appreciate.

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The post How to Improve Your Credit Score to Get a Personal Loan appeared first on MintLife Blog.