News Articles - How to find a 'recession-proof' job, how a 'deed in lieu' will affect your credit rating, and how to lock in a good price on air travel.
1. What jobs or industries are more "recession proof" than others?
In reality, no job is "recession-proof," but there are industries that fare better than others, even when the economy is suffering.
Security jobs - from transportation security to computer security specialists are one of those according to Challenger, Gray and Christmas.
One recent report estimates that the government will need to fill 83,000 jobs in the next two years.
Healthcare is another fast-growing area. Physical therapists, home health aides and medical assistants are all in demand. Plus, employers are upping the perks including tuition and relocation reimbursement and increased time off.
And finally education is a good area - 2.8 million new teachers are going to be needed over the next eight years.
2. If you own a property that is not moving like you want it to. My question is about the 'Deed in Lieu' option. Does it show up as a foreclosure on my credit? If not, how will it affect my credit?
A deed in lieu is just as devastating to your credit score as a foreclosure says John Ulzheimer of Credit.com.
It will show up on your score as a deed in lieu of foreclosure. But a deed in lieu - basically when you voluntary give the keys to your lender - is a more noble way of losing your home, and lenders will view that more positively than if you went through with a foreclosure, and had to be forced out of your home.
Some of you were asking how a loan modification affected your credit score. Well, your credit score doesn't reflect the terms of your loan, so as long as you've been current with your payments, a loan mod won't have any affect.
However, the sad fact is that most lenders won't do a loan mod unless you've already missed payments. And it's up to the lender to report late payments or delinquencies.
3. In order to get the best price, when is the best time for to book a flight for Christmas vacation?
There have been 21 airfare hikes since the beginning of January according to Rick Seaney CEO of Farecompare.com, a consumer airline ticket research Web site. And we're likely to see more hikes by the end of the year.
Airlines are also cutting 10-15% of their domestic flights. Normally, it would be a bit early to shop for holiday travel, but this year, it's a smart move.
If you see a good price, lock it in. And then, keep track of your flight and make sure the airline doesn't cancel it later on.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Fred Harteis News Articles - Tips on Jobs, Deeds & Flying
by maba on Tue 26 Aug 2008 02:39 PM EDT | Permanent Link
Fred Harteis News Articles - How to find a 'recession-proof' job, how a 'deed in lieu' will affect your credit rating, and how to lock in a good price on air travel.
1. What jobs or industries are more "recession proof" than others?
In reality, no job is "recession-proof," but there are industries that fare better than others, even when the economy is suffering.
Security jobs - from transportation security to computer security specialists are one of those according to Challenger, Gray and Christmas.
One recent report estimates that the government will need to fill 83,000 jobs in the next two years.
Healthcare is another fast-growing area. Physical therapists, home health aides and medical assistants are all in demand. Plus, employers are upping the perks including tuition and relocation reimbursement and increased time off.
And finally education is a good area - 2.8 million new teachers are going to be needed over the next eight years.
2. If you own a property that is not moving like you want it to. My question is about the 'Deed in Lieu' option. Does it show up as a foreclosure on my credit? If not, how will it affect my credit?
A deed in lieu is just as devastating to your credit score as a foreclosure says John Ulzheimer of Credit.com.
It will show up on your score as a deed in lieu of foreclosure. But a deed in lieu - basically when you voluntary give the keys to your lender - is a more noble way of losing your home, and lenders will view that more positively than if you went through with a foreclosure, and had to be forced out of your home.
Some of you were asking how a loan modification affected your credit score. Well, your credit score doesn't reflect the terms of your loan, so as long as you've been current with your payments, a loan mod won't have any affect.
However, the sad fact is that most lenders won't do a loan mod unless you've already missed payments. And it's up to the lender to report late payments or delinquencies.
3. In order to get the best price, when is the best time for to book a flight for Christmas vacation?
There have been 21 airfare hikes since the beginning of January according to Rick Seaney CEO of Farecompare.com, a consumer airline ticket research Web site. And we're likely to see more hikes by the end of the year.
Airlines are also cutting 10-15% of their domestic flights. Normally, it would be a bit early to shop for holiday travel, but this year, it's a smart move.
If you see a good price, lock it in. And then, keep track of your flight and make sure the airline doesn't cancel it later on.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Comment posting not enabled for this article
Sabtu, 10 Januari 2009
Qualifying for a student loan
News Articles - The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be eligible for a loan. But today, you'll likely need a credit score between 680 and 700 according to Mark Kantrowitz of Finaid.org.
And many more parents are also being turned down for PLUS loans. That's because if parents had a foreclosure on their record within the past five years, they won't qualify for this kind of loan.
2. Improve your credit
Let's face it, kids going into college from high school have a very thin credit history. First, check your credit report at AnnualCreditReport.com.
After that, the student can either opt to become an authorized user on their parent's credit card or they can have a parent co-sign a credit card with them. This way, the student has the benefit of an older, more established credit history.
One note here: you want to make sure the co-signer has a credit score of over 700. Keep in mind that who ever co-signs the credit card is equally responsible for the debt. By using a co-signer you increase your chances of getting a loan with better terms.
3. Know where to go
Make sure you go to Uncle Sam first. If you qualify for federal aid, you will get it, says Kevin Walker of Simpletuition.com.
Plus, federal student loans have lower interest rates. You may be eligible for up to $31,000 in Stafford loans if you're a dependent undergrad, and $57,500 if you're an independent undergrad. Your credit won't be checked for this.
If your parents have been denied a PLUS loan, you automatically qualify for more money thorough the Stafford Loan Program.
You should also go to your student aid office if you're having trouble securing a loan. They will know who is lending and who isn't. "They have a daily finger on the pulse of who is making the changes," says Walker.
If you think you're going to have trouble making your tuition bill, talk to the bursar's office. Some schools have tuition installment plans. This spreads out your payments from 9-12 months. You may have to pay a one-time fee of $50-$100 says Kantrowitz.
4. Compare deals
You want to make sure you do your homework. So, check out websites like estudentloan.com or simpletuition.com. Try calling the lenders and asking what kind of rate you would get with your current credit score.
Some lenders may give you a ballpark estimate without having to fill out an application. But keep in mind that advertised rates may be reserved for people with great credit. While you're comparing terms make sure you note how long the repayment rate is says Walker.
Remember, the longer the repayment, the lower your monthly bill, but the more you'll pay in interest over the life of the loan.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Fred Harteis News Articles - Qualifying for a student loan
by maba on Wed 27 Aug 2008 04:09 PM EDT | Permanent Link
Fred Harteis News Articles - The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be eligible for a loan. But today, you'll likely need a credit score between 680 and 700 according to Mark Kantrowitz of Finaid.org.
And many more parents are also being turned down for PLUS loans. That's because if parents had a foreclosure on their record within the past five years, they won't qualify for this kind of loan.
2. Improve your credit
Let's face it, kids going into college from high school have a very thin credit history. First, check your credit report at AnnualCreditReport.com.
After that, the student can either opt to become an authorized user on their parent's credit card or they can have a parent co-sign a credit card with them. This way, the student has the benefit of an older, more established credit history.
One note here: you want to make sure the co-signer has a credit score of over 700. Keep in mind that who ever co-signs the credit card is equally responsible for the debt. By using a co-signer you increase your chances of getting a loan with better terms.
3. Know where to go
Make sure you go to Uncle Sam first. If you qualify for federal aid, you will get it, says Kevin Walker of Simpletuition.com.
Plus, federal student loans have lower interest rates. You may be eligible for up to $31,000 in Stafford loans if you're a dependent undergrad, and $57,500 if you're an independent undergrad. Your credit won't be checked for this.
If your parents have been denied a PLUS loan, you automatically qualify for more money thorough the Stafford Loan Program.
You should also go to your student aid office if you're having trouble securing a loan. They will know who is lending and who isn't. "They have a daily finger on the pulse of who is making the changes," says Walker.
If you think you're going to have trouble making your tuition bill, talk to the bursar's office. Some schools have tuition installment plans. This spreads out your payments from 9-12 months. You may have to pay a one-time fee of $50-$100 says Kantrowitz.
4. Compare deals
You want to make sure you do your homework. So, check out websites like estudentloan.com or simpletuition.com. Try calling the lenders and asking what kind of rate you would get with your current credit score.
Some lenders may give you a ballpark estimate without having to fill out an application. But keep in mind that advertised rates may be reserved for people with great credit. While you're comparing terms make sure you note how long the repayment rate is says Walker.
Remember, the longer the repayment, the lower your monthly bill, but the more you'll pay in interest over the life of the loan.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Comment posting not enabled for this article
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be eligible for a loan. But today, you'll likely need a credit score between 680 and 700 according to Mark Kantrowitz of Finaid.org.
And many more parents are also being turned down for PLUS loans. That's because if parents had a foreclosure on their record within the past five years, they won't qualify for this kind of loan.
2. Improve your credit
Let's face it, kids going into college from high school have a very thin credit history. First, check your credit report at AnnualCreditReport.com.
After that, the student can either opt to become an authorized user on their parent's credit card or they can have a parent co-sign a credit card with them. This way, the student has the benefit of an older, more established credit history.
One note here: you want to make sure the co-signer has a credit score of over 700. Keep in mind that who ever co-signs the credit card is equally responsible for the debt. By using a co-signer you increase your chances of getting a loan with better terms.
3. Know where to go
Make sure you go to Uncle Sam first. If you qualify for federal aid, you will get it, says Kevin Walker of Simpletuition.com.
Plus, federal student loans have lower interest rates. You may be eligible for up to $31,000 in Stafford loans if you're a dependent undergrad, and $57,500 if you're an independent undergrad. Your credit won't be checked for this.
If your parents have been denied a PLUS loan, you automatically qualify for more money thorough the Stafford Loan Program.
You should also go to your student aid office if you're having trouble securing a loan. They will know who is lending and who isn't. "They have a daily finger on the pulse of who is making the changes," says Walker.
If you think you're going to have trouble making your tuition bill, talk to the bursar's office. Some schools have tuition installment plans. This spreads out your payments from 9-12 months. You may have to pay a one-time fee of $50-$100 says Kantrowitz.
4. Compare deals
You want to make sure you do your homework. So, check out websites like estudentloan.com or simpletuition.com. Try calling the lenders and asking what kind of rate you would get with your current credit score.
Some lenders may give you a ballpark estimate without having to fill out an application. But keep in mind that advertised rates may be reserved for people with great credit. While you're comparing terms make sure you note how long the repayment rate is says Walker.
Remember, the longer the repayment, the lower your monthly bill, but the more you'll pay in interest over the life of the loan.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Fred Harteis News Articles - Qualifying for a student loan
by maba on Wed 27 Aug 2008 04:09 PM EDT | Permanent Link
Fred Harteis News Articles - The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be eligible for a loan. But today, you'll likely need a credit score between 680 and 700 according to Mark Kantrowitz of Finaid.org.
And many more parents are also being turned down for PLUS loans. That's because if parents had a foreclosure on their record within the past five years, they won't qualify for this kind of loan.
2. Improve your credit
Let's face it, kids going into college from high school have a very thin credit history. First, check your credit report at AnnualCreditReport.com.
After that, the student can either opt to become an authorized user on their parent's credit card or they can have a parent co-sign a credit card with them. This way, the student has the benefit of an older, more established credit history.
One note here: you want to make sure the co-signer has a credit score of over 700. Keep in mind that who ever co-signs the credit card is equally responsible for the debt. By using a co-signer you increase your chances of getting a loan with better terms.
3. Know where to go
Make sure you go to Uncle Sam first. If you qualify for federal aid, you will get it, says Kevin Walker of Simpletuition.com.
Plus, federal student loans have lower interest rates. You may be eligible for up to $31,000 in Stafford loans if you're a dependent undergrad, and $57,500 if you're an independent undergrad. Your credit won't be checked for this.
If your parents have been denied a PLUS loan, you automatically qualify for more money thorough the Stafford Loan Program.
You should also go to your student aid office if you're having trouble securing a loan. They will know who is lending and who isn't. "They have a daily finger on the pulse of who is making the changes," says Walker.
If you think you're going to have trouble making your tuition bill, talk to the bursar's office. Some schools have tuition installment plans. This spreads out your payments from 9-12 months. You may have to pay a one-time fee of $50-$100 says Kantrowitz.
4. Compare deals
You want to make sure you do your homework. So, check out websites like estudentloan.com or simpletuition.com. Try calling the lenders and asking what kind of rate you would get with your current credit score.
Some lenders may give you a ballpark estimate without having to fill out an application. But keep in mind that advertised rates may be reserved for people with great credit. While you're comparing terms make sure you note how long the repayment rate is says Walker.
Remember, the longer the repayment, the lower your monthly bill, but the more you'll pay in interest over the life of the loan.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Comment posting not enabled for this article
Is your bank safe?
ews Articles - More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for.
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could be up to 150 bank failures on the horizon.
But keep in mind that banks included on the problem list are considered the most likely institutions to fail, although few institutions actually reach that point - just 13% of banks on the FDIC's problem list have failed on average.
And let's put this in perspective - the FDIC insures more than 8,000 thrifts and banks. And this is nothing like what we saw during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.
2. Get the ranking
Generally small and mid-size banks are more at risk - that's because they may not be able to raise enough money if they are in trouble. If you're looking to park your money somewhere safe, go with larger, more familiar banks.
The FDIC doesn't release the names of banks that are in trouble, but you can check the health of your own bank. Check out bankrate.com. This site will has a safe & sound rating system that can help you get a picture of your bank's health.
If you want more detailed information about your bank's financials, you can go to ambest.com.
3. Know the signs
Bottom line is that financial institutions are having a tough time. So, while it may just be the environment right now, you want to pay attention to massive job layoffs or cutback in services.
If your bank doesn't accept new loan submissions that's a red flag. And if you start to see generous CD yields advertised, that could be a sign that the bank is in trouble. That's because banks are trying to entice people to keep their money at the bank.
As we've been reporting, if you are within the limits of FDIC-insurance coverage with an FDIC-insured bank, you shouldn't panic. The worst move you could make is pulling your money out of a regulated institution and holding the cash yourself.
4. Don't Panic
The FDIC is not required to reimburse you for anything above the covered amount. But there are some cases where you'll be ok. For example, you may qualify for more than $100,000 if there are accounts in different "ownership categories."
For example, your share of any joint account at a bank is insured up to $100,000 separately from accounts you hold in your name alone.
And the bank can also choose to pay for uninsured deposits if it raises enough money after selling off the banks assets.
Source; Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Fred Harteis News Articles - Is your bank safe?
by maba on Fri 29 Aug 2008 03:14 PM EDT | Permanent Link
Fred Harteis News Articles - More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for.
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could be up to 150 bank failures on the horizon.
But keep in mind that banks included on the problem list are considered the most likely institutions to fail, although few institutions actually reach that point - just 13% of banks on the FDIC's problem list have failed on average.
And let's put this in perspective - the FDIC insures more than 8,000 thrifts and banks. And this is nothing like what we saw during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.
2. Get the ranking
Generally small and mid-size banks are more at risk - that's because they may not be able to raise enough money if they are in trouble. If you're looking to park your money somewhere safe, go with larger, more familiar banks.
The FDIC doesn't release the names of banks that are in trouble, but you can check the health of your own bank. Check out bankrate.com. This site will has a safe & sound rating system that can help you get a picture of your bank's health.
If you want more detailed information about your bank's financials, you can go to ambest.com.
3. Know the signs
Bottom line is that financial institutions are having a tough time. So, while it may just be the environment right now, you want to pay attention to massive job layoffs or cutback in services.
If your bank doesn't accept new loan submissions that's a red flag. And if you start to see generous CD yields advertised, that could be a sign that the bank is in trouble. That's because banks are trying to entice people to keep their money at the bank.
As we've been reporting, if you are within the limits of FDIC-insurance coverage with an FDIC-insured bank, you shouldn't panic. The worst move you could make is pulling your money out of a regulated institution and holding the cash yourself.
4. Don't Panic
The FDIC is not required to reimburse you for anything above the covered amount. But there are some cases where you'll be ok. For example, you may qualify for more than $100,000 if there are accounts in different "ownership categories."
For example, your share of any joint account at a bank is insured up to $100,000 separately from accounts you hold in your name alone.
And the bank can also choose to pay for uninsured deposits if it raises enough money after selling off the banks assets.
Source; Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Comment posting not enabled for this article
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could be up to 150 bank failures on the horizon.
But keep in mind that banks included on the problem list are considered the most likely institutions to fail, although few institutions actually reach that point - just 13% of banks on the FDIC's problem list have failed on average.
And let's put this in perspective - the FDIC insures more than 8,000 thrifts and banks. And this is nothing like what we saw during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.
2. Get the ranking
Generally small and mid-size banks are more at risk - that's because they may not be able to raise enough money if they are in trouble. If you're looking to park your money somewhere safe, go with larger, more familiar banks.
The FDIC doesn't release the names of banks that are in trouble, but you can check the health of your own bank. Check out bankrate.com. This site will has a safe & sound rating system that can help you get a picture of your bank's health.
If you want more detailed information about your bank's financials, you can go to ambest.com.
3. Know the signs
Bottom line is that financial institutions are having a tough time. So, while it may just be the environment right now, you want to pay attention to massive job layoffs or cutback in services.
If your bank doesn't accept new loan submissions that's a red flag. And if you start to see generous CD yields advertised, that could be a sign that the bank is in trouble. That's because banks are trying to entice people to keep their money at the bank.
As we've been reporting, if you are within the limits of FDIC-insurance coverage with an FDIC-insured bank, you shouldn't panic. The worst move you could make is pulling your money out of a regulated institution and holding the cash yourself.
4. Don't Panic
The FDIC is not required to reimburse you for anything above the covered amount. But there are some cases where you'll be ok. For example, you may qualify for more than $100,000 if there are accounts in different "ownership categories."
For example, your share of any joint account at a bank is insured up to $100,000 separately from accounts you hold in your name alone.
And the bank can also choose to pay for uninsured deposits if it raises enough money after selling off the banks assets.
Source; Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Fred Harteis News Articles - Is your bank safe?
by maba on Fri 29 Aug 2008 03:14 PM EDT | Permanent Link
Fred Harteis News Articles - More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for.
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could be up to 150 bank failures on the horizon.
But keep in mind that banks included on the problem list are considered the most likely institutions to fail, although few institutions actually reach that point - just 13% of banks on the FDIC's problem list have failed on average.
And let's put this in perspective - the FDIC insures more than 8,000 thrifts and banks. And this is nothing like what we saw during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.
2. Get the ranking
Generally small and mid-size banks are more at risk - that's because they may not be able to raise enough money if they are in trouble. If you're looking to park your money somewhere safe, go with larger, more familiar banks.
The FDIC doesn't release the names of banks that are in trouble, but you can check the health of your own bank. Check out bankrate.com. This site will has a safe & sound rating system that can help you get a picture of your bank's health.
If you want more detailed information about your bank's financials, you can go to ambest.com.
3. Know the signs
Bottom line is that financial institutions are having a tough time. So, while it may just be the environment right now, you want to pay attention to massive job layoffs or cutback in services.
If your bank doesn't accept new loan submissions that's a red flag. And if you start to see generous CD yields advertised, that could be a sign that the bank is in trouble. That's because banks are trying to entice people to keep their money at the bank.
As we've been reporting, if you are within the limits of FDIC-insurance coverage with an FDIC-insured bank, you shouldn't panic. The worst move you could make is pulling your money out of a regulated institution and holding the cash yourself.
4. Don't Panic
The FDIC is not required to reimburse you for anything above the covered amount. But there are some cases where you'll be ok. For example, you may qualify for more than $100,000 if there are accounts in different "ownership categories."
For example, your share of any joint account at a bank is insured up to $100,000 separately from accounts you hold in your name alone.
And the bank can also choose to pay for uninsured deposits if it raises enough money after selling off the banks assets.
Source; Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Posted to: Main Page
Comment posting not enabled for this article
Stay warm without going broke
Fred Harteis News Articles - Stay warm without going broke
by maba on Fri 05 Sep 2008 02:15 PM EDT | Permanent Link
Fred Harteis News Articles - This summer we saw record high gas and oil prices. And this winter season is gearing up to be just as expensive. If you're sick of paying so much for your energy needs, here are some solutions.
The government is predicting record-high heating costs this winter. Your bills will be 20% higher than last year and this winter will be colder than usual according to Farmers' Almanac.
lf you use heating oil, you can expect an increase of 36% and if you use natural gas to heat your home, you're looking at an increase of almost 24% as a national average.
Big fixes
Last year at this time we never would have advised switching to natural gas if you heat your home with oil. But that's changing.
With oil prices climbing dramatically, switching could save you big bucks in the long run.
Now, making the conversion may cost you around $10,000. But you'll save about $1,000 off your energy bill every year by making the switch says Matt Dean of the Association For Energy Affordability.
And given the rising cost of oil, that could pay off in 8 years.
Plus your heating appliances, like your furnace or your boiler will run more efficiently on natural gas.
Get in touch with your utility company if you're considering the switch.
And if you've always wanted to go solar, but you're not sure about taking that step, consider investing in a solar water heater.
It costs a bit more than conventional heaters, about $5,000, but it can cut your utility bills by 50% to 80%.
Don't forget the small stuff
Insulate your hot water pipes. These pipes are located off your water heater which is usually in the basement, where temperatures are cooler.
You can buy insulation at any home improvement store.
This insulation helps water stay warm when it gets cold in the basement. And it could drop your water bill by as much as 25%.
You should also check the filter on your furnace. That air filter should be replaced every six months says Dean. But most homeowners keep the filter in for a number of years.
If that filter is clogged, it could drop your furnace's efficiency by 20%.
A new air filter can cost about $20. Ask the person who maintains your furnace how you can purchase one of these filters.
Finally, replace all your lights with an energy efficient bulb. Each bulb can save you between $5 and $10 a year says Dean.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
by maba on Fri 05 Sep 2008 02:15 PM EDT | Permanent Link
Fred Harteis News Articles - This summer we saw record high gas and oil prices. And this winter season is gearing up to be just as expensive. If you're sick of paying so much for your energy needs, here are some solutions.
The government is predicting record-high heating costs this winter. Your bills will be 20% higher than last year and this winter will be colder than usual according to Farmers' Almanac.
lf you use heating oil, you can expect an increase of 36% and if you use natural gas to heat your home, you're looking at an increase of almost 24% as a national average.
Big fixes
Last year at this time we never would have advised switching to natural gas if you heat your home with oil. But that's changing.
With oil prices climbing dramatically, switching could save you big bucks in the long run.
Now, making the conversion may cost you around $10,000. But you'll save about $1,000 off your energy bill every year by making the switch says Matt Dean of the Association For Energy Affordability.
And given the rising cost of oil, that could pay off in 8 years.
Plus your heating appliances, like your furnace or your boiler will run more efficiently on natural gas.
Get in touch with your utility company if you're considering the switch.
And if you've always wanted to go solar, but you're not sure about taking that step, consider investing in a solar water heater.
It costs a bit more than conventional heaters, about $5,000, but it can cut your utility bills by 50% to 80%.
Don't forget the small stuff
Insulate your hot water pipes. These pipes are located off your water heater which is usually in the basement, where temperatures are cooler.
You can buy insulation at any home improvement store.
This insulation helps water stay warm when it gets cold in the basement. And it could drop your water bill by as much as 25%.
You should also check the filter on your furnace. That air filter should be replaced every six months says Dean. But most homeowners keep the filter in for a number of years.
If that filter is clogged, it could drop your furnace's efficiency by 20%.
A new air filter can cost about $20. Ask the person who maintains your furnace how you can purchase one of these filters.
Finally, replace all your lights with an energy efficient bulb. Each bulb can save you between $5 and $10 a year says Dean.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Fred Harteis News Articles - Insurance for college students
Tuesday, September 9
Fred Harteis News Articles - Insurance for college students
by maba on Tue 09 Sep 2008 03:48 PM EDT
Fred Harteis News Articles - If your kid is heading off to college this Fall, make sure they have enough insurance coverage. Here's what you need to know.
Check into health coverage
It's a good idea to check into your child's health coverage as they go off to college. Full-time students between the ages of 18-23 are usually covered under their parents' health plan.
But keep in mind that some plans have younger age cutoffs. If your health plan has a network, you'll want to scout out a doctor near where your child is going to be living. Then you'll need a referral from your local physician.
And if your child is no longer on your plan, most colleges offer limited health insurance plans for students. And don't forget that many colleges offer emergency health-care or infirmary hours on campus too.
Tell your insurer
Basically insurance companies reward you if you don't drive.
Case in point: your son or daughter can get a discount on their insurance if they leave their car at home while attending school. And the school has to be at least 100 miles away.
You'll also want to notify your insurance company that the car will be garaged in a different location. Your premium could go down depending on where the college is located.
And if you must bring your car to campus - don't let other people drive your car. No matter who's driving, your kid is still responsible for what happens.
Know the limits
If you have a kid that'll be living on campus, chances are, your homeowners' policy will cover most of their possessions.
In most cases, your homeowners insurance will cover about 10% of property that's outside the home. That means if you have $75,000 worth of contents coverage at home, it will cover about $7500 worth of stuff that's in a dorm room.
Of course, you'll want to get in touch with your insurance company since not all insurers have this same limit. And if your kid is going to be living off-campus at an apartment, your homeowners' policy won't be helpful. In this case, you'll want to look into renters insurance.
Rates run about $250 a year for contents of about $15,000 according to the Independent Insurance Agents & Brokers Association.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Permanent Link
Friday, September 5
Fred Harteis News Articles - Stay warm without going broke
by maba on Fri 05 Sep 2008 02:15 PM EDT
Fred Harteis News Articles - This summer we saw record high gas and oil prices. And this winter season is gearing up to be just as expensive. If you're sick of paying so much for your energy needs, here are some solutions.
The government is predicting record-high heating costs this winter. Your bills will be 20% higher than last year and this winter will be colder than usual according to Farmers' Almanac.
lf you use heating oil, you can expect an increase of 36% and if you use natural gas to heat your ... more »
Permanent Link
Friday, August 29
Fred Harteis News Articles - Is your bank safe?
by maba on Fri 29 Aug 2008 03:14 PM EDT
Fred Harteis News Articles - More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for.
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could ... more »
Permanent Link
Wednesday, August 27
Fred Harteis News Articles - Qualifying for a student loan
by maba on Wed 27 Aug 2008 04:09 PM EDT
Fred Harteis News Articles - The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be ... more »
Permanent Link
Tuesday, August 26
Fred Harteis News Articles - Tips on Jobs, Deeds & Flying
by maba on Tue 26 Aug 2008 02:39 PM EDT
Fred Harteis News Articles - How to find a 'recession-proof' job, how a 'deed in lieu' will affect your credit rating, and how to lock in a good price on air travel.
1. What jobs or industries are more "recession proof" than others?
In reality, no job is "recession-proof," but there are industries that fare better than others, even when the economy is suffering.
Security jobs - from transportation security to computer security specialists are one of those according to Challenger, Gray and Christmas.
One recent report estimates that the government will ... more
Fred Harteis News Articles - Insurance for college students
by maba on Tue 09 Sep 2008 03:48 PM EDT
Fred Harteis News Articles - If your kid is heading off to college this Fall, make sure they have enough insurance coverage. Here's what you need to know.
Check into health coverage
It's a good idea to check into your child's health coverage as they go off to college. Full-time students between the ages of 18-23 are usually covered under their parents' health plan.
But keep in mind that some plans have younger age cutoffs. If your health plan has a network, you'll want to scout out a doctor near where your child is going to be living. Then you'll need a referral from your local physician.
And if your child is no longer on your plan, most colleges offer limited health insurance plans for students. And don't forget that many colleges offer emergency health-care or infirmary hours on campus too.
Tell your insurer
Basically insurance companies reward you if you don't drive.
Case in point: your son or daughter can get a discount on their insurance if they leave their car at home while attending school. And the school has to be at least 100 miles away.
You'll also want to notify your insurance company that the car will be garaged in a different location. Your premium could go down depending on where the college is located.
And if you must bring your car to campus - don't let other people drive your car. No matter who's driving, your kid is still responsible for what happens.
Know the limits
If you have a kid that'll be living on campus, chances are, your homeowners' policy will cover most of their possessions.
In most cases, your homeowners insurance will cover about 10% of property that's outside the home. That means if you have $75,000 worth of contents coverage at home, it will cover about $7500 worth of stuff that's in a dorm room.
Of course, you'll want to get in touch with your insurance company since not all insurers have this same limit. And if your kid is going to be living off-campus at an apartment, your homeowners' policy won't be helpful. In this case, you'll want to look into renters insurance.
Rates run about $250 a year for contents of about $15,000 according to the Independent Insurance Agents & Brokers Association.
Source: Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.
Permanent Link
Friday, September 5
Fred Harteis News Articles - Stay warm without going broke
by maba on Fri 05 Sep 2008 02:15 PM EDT
Fred Harteis News Articles - This summer we saw record high gas and oil prices. And this winter season is gearing up to be just as expensive. If you're sick of paying so much for your energy needs, here are some solutions.
The government is predicting record-high heating costs this winter. Your bills will be 20% higher than last year and this winter will be colder than usual according to Farmers' Almanac.
lf you use heating oil, you can expect an increase of 36% and if you use natural gas to heat your ... more »
Permanent Link
Friday, August 29
Fred Harteis News Articles - Is your bank safe?
by maba on Fri 29 Aug 2008 03:14 PM EDT
Fred Harteis News Articles - More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for.
1. Get the numbers
The FDIC reported that the number of banks on the "problem bank" list grew to 117 during the second quarter. That's the highest level since the middle of 2003.
There were 90 banks on the problem list in the first quarter of this year. The FDIC chairman also said that list is going to grow. In fact, analysts say that there could ... more »
Permanent Link
Wednesday, August 27
Fred Harteis News Articles - Qualifying for a student loan
by maba on Wed 27 Aug 2008 04:09 PM EDT
Fred Harteis News Articles - The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
1. Get the stats
It's estimated that 100,000-250,000 of would-be borrowers could be turned down for private student loans this year. And that has to do with a few things.
First, lenders have tightened their standards. Previously if you had a credit score of 620-650, you would be ... more »
Permanent Link
Tuesday, August 26
Fred Harteis News Articles - Tips on Jobs, Deeds & Flying
by maba on Tue 26 Aug 2008 02:39 PM EDT
Fred Harteis News Articles - How to find a 'recession-proof' job, how a 'deed in lieu' will affect your credit rating, and how to lock in a good price on air travel.
1. What jobs or industries are more "recession proof" than others?
In reality, no job is "recession-proof," but there are industries that fare better than others, even when the economy is suffering.
Security jobs - from transportation security to computer security specialists are one of those according to Challenger, Gray and Christmas.
One recent report estimates that the government will ... more
Kamis, 01 Januari 2009
Arts venues work to fill the house as patrons cut back
Arts venues work to fill the house as patrons cut back
Tuesday, December 30, 2008
BY PEGGY McGLONE
Star-Ledger Staff
Like many New Jerseyans, Gene Mulranen is worried about the economy, job security and paying for college for his three kids.
But Mulranen's concerns aren't going to force him to miss out on the sporting events he enjoys.
Advertisement
"In doom-and-gloom times, people want to get out," said Mul ranen, a resident of Glen Ridge who takes his children to Nets and Rutgers basketball and Ironmen soccer games. "I guess it's the camaraderie thing."
Feeling the pain of the economic downturn, New Jerseyans are taking a second look at their entertainment spending habits. Those facing job loss or mortgage crisis can easily eliminate such discretionary expenses. But for most, cutting back on fun is a difficult choice to make.
"This is my one luxury, my one thing," said Stephen Scebelo, a 53-year-old accountant from Raritan Township who is a Devils season ticket holder. "I don't spend a lot of money on myself."
In tough economic times, people typically cut back -- but do not eliminate -- their entertainment spending, according to Barbara O'Neill, financial management specialist with Rutgers cooperative extension. They may go out less, choose less expensive events, or both. It's called "stepping down," she says.
"The choice might not be yes or no," O'Neill said. "People might be able to do the things they love if they figure out how to do it at a lower cost point."
Tim Heine, an attorney who lives in Westfield, said the economy has made him less impulsive.
"Instead of turning off the spigot, you step back and think a little," he said. "I'll say, 'Do I really want to do that?' or I might not buy the best tickets."
Many venues are already feeling the pain. Attendance at Broadway shows dropped during the first part of the important holiday season, reports the Broadway League. About 242,000 attended shows during the first week of December, about 9 percent less than 2006. (Last year's holiday season was interrupted by a stagehands strike.)
Tuesday, December 30, 2008
BY PEGGY McGLONE
Star-Ledger Staff
Like many New Jerseyans, Gene Mulranen is worried about the economy, job security and paying for college for his three kids.
But Mulranen's concerns aren't going to force him to miss out on the sporting events he enjoys.
Advertisement
"In doom-and-gloom times, people want to get out," said Mul ranen, a resident of Glen Ridge who takes his children to Nets and Rutgers basketball and Ironmen soccer games. "I guess it's the camaraderie thing."
Feeling the pain of the economic downturn, New Jerseyans are taking a second look at their entertainment spending habits. Those facing job loss or mortgage crisis can easily eliminate such discretionary expenses. But for most, cutting back on fun is a difficult choice to make.
"This is my one luxury, my one thing," said Stephen Scebelo, a 53-year-old accountant from Raritan Township who is a Devils season ticket holder. "I don't spend a lot of money on myself."
In tough economic times, people typically cut back -- but do not eliminate -- their entertainment spending, according to Barbara O'Neill, financial management specialist with Rutgers cooperative extension. They may go out less, choose less expensive events, or both. It's called "stepping down," she says.
"The choice might not be yes or no," O'Neill said. "People might be able to do the things they love if they figure out how to do it at a lower cost point."
Tim Heine, an attorney who lives in Westfield, said the economy has made him less impulsive.
"Instead of turning off the spigot, you step back and think a little," he said. "I'll say, 'Do I really want to do that?' or I might not buy the best tickets."
Many venues are already feeling the pain. Attendance at Broadway shows dropped during the first part of the important holiday season, reports the Broadway League. About 242,000 attended shows during the first week of December, about 9 percent less than 2006. (Last year's holiday season was interrupted by a stagehands strike.)
oil trades
Oil trades at $61 a barrel, in sync with ecconomic news
by The Associated Press
Friday November 07, 2008, 4:25 AM
Oil prices were steady near $61 a barrel Friday in Asia, pausing after a two-day plunge, but vulnerable to another steep fall as evidence of a severe U.S. recession continues to mount.
Light, sweet crude for December delivery was up 38 cents at $61.16 a barrel in electronic trading on the New York Mercantile Exchange by late afternoon in Singapore. Oil prices overnight fell $4.53 to settle at $60.77 after dropping $5.23 the previous day.
"There's a lot of gloom and doom right now," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore. "Mounting bad news on the economic front is negatively affecting oil."
A slew of grim economic news Thursday led traders to dump oil on concerns over weakening demand for crude products, such as gasoline.
The number of Americans continuing to draw unemployment benefits surged to a 25-year high, the Labor Department said Thursday, and the U.S. retailers saw their sales plummet last month to the weakest October level since at least 1969.
The bad news sparked a sell-off in equity markets as well. The Dow Jones industrial average fell 4.9 percent Thursday, while Asian markets were mixed Friday. Japan's benchmark Nikkei 225 stock average fell 3.6 percent while Hong Kong's Hang Seng index rose 3.1 percent.
"Oil continues to trade in lockstep with stock markets," said Shum. "More bad news could push oil into the $50s."
Oil prices have fallen nearly 60 percent since peaking at $147.27 a barrel in mid-July.
See more in Business
Send To A Friend Send To A Friend | Print Print this | Permalink
Reddit Reddit Digg Digg del.icio.us del.icio.us Google Google Facebook Facebook Buzz up!
COMMENTS (1)Post a comment
Posted by letsbreal67 on 11/07/08 at 6:59AM
Then gas prices should be much lower. The gas prices are not declining as fast as they raise them. Exxon still made billions of dollars in profil last quarter so prices should keep dropping.
by The Associated Press
Friday November 07, 2008, 4:25 AM
Oil prices were steady near $61 a barrel Friday in Asia, pausing after a two-day plunge, but vulnerable to another steep fall as evidence of a severe U.S. recession continues to mount.
Light, sweet crude for December delivery was up 38 cents at $61.16 a barrel in electronic trading on the New York Mercantile Exchange by late afternoon in Singapore. Oil prices overnight fell $4.53 to settle at $60.77 after dropping $5.23 the previous day.
"There's a lot of gloom and doom right now," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore. "Mounting bad news on the economic front is negatively affecting oil."
A slew of grim economic news Thursday led traders to dump oil on concerns over weakening demand for crude products, such as gasoline.
The number of Americans continuing to draw unemployment benefits surged to a 25-year high, the Labor Department said Thursday, and the U.S. retailers saw their sales plummet last month to the weakest October level since at least 1969.
The bad news sparked a sell-off in equity markets as well. The Dow Jones industrial average fell 4.9 percent Thursday, while Asian markets were mixed Friday. Japan's benchmark Nikkei 225 stock average fell 3.6 percent while Hong Kong's Hang Seng index rose 3.1 percent.
"Oil continues to trade in lockstep with stock markets," said Shum. "More bad news could push oil into the $50s."
Oil prices have fallen nearly 60 percent since peaking at $147.27 a barrel in mid-July.
See more in Business
Send To A Friend Send To A Friend | Print Print this | Permalink
Reddit Reddit Digg Digg del.icio.us del.icio.us Google Google Facebook Facebook Buzz up!
COMMENTS (1)Post a comment
Posted by letsbreal67 on 11/07/08 at 6:59AM
Then gas prices should be much lower. The gas prices are not declining as fast as they raise them. Exxon still made billions of dollars in profil last quarter so prices should keep dropping.
Langganan:
Komentar (Atom)