Planning for Disaster: Money Saving Tips for Home Repair
Jul13

Planning for Disaster: Money Saving Tips for Home Repair

Saving as a parent can be tricky; especially when you don’t have a set goal in mind. Forming an emergency repair fund for your home can seem like a waste when you’d rather spend that money on a vacation or a new video game, but home repair costs can really add up. As a homeowner, you’re in charge of the upkeep and maintenance of your home — no landlord is going to do it for you. A new study claims that nearly 72% of homeowners have delayed making home repairs or improvement due to their financial situation. When disaster strikes, it’s unlikely you’ll have an extra thousand dollars sitting around to fix it immediately. But delaying home repairs can often make the situation much worse. Establishing a rainy day fund for home repairs is an essential task as a homeowner. This is especially essential if you don’t perform routine maintenance on your home. In fact, it’s recommended that the average homeowner should save at least $5,000 to repair even basic repairs in your home. While this goal seems out of reach for many, even starting a fund puts you one step closer to saving your home and your family from financial disaster. If you don’t have $5,000 laying around, it’s proposed that you tuck away around 10% of your annual wage into your emergency fund. If you can’t hit that mark, try aiming for one to three percent of your home’s cost on home repairs. Find an amount that suits your budget and try to stick to it. Older houses and fixer-uppers might require even more money. “As homes get older, more repair costs tend to consume a bigger portion of your overall maintenance costs. Newer homes, in contrast, required less annual maintenance because the materials are obviously newer, and many elements of the house may still be under warranty,” writes Forbes in an interview with John Bodrozic, a co-founder of HomeZada. Keep in mind some of the life expectancies of important items. Routine maintenance on electronics, like HVAC units, can help prevent disaster, but unexpected problems can strike at any moment. Realtor, Sara Hopkins highlights the importance of preparing for disaster. “Plan for the unexpected. In Iowa, we often have to have tree roots removed from sewer lines — that’s $150-$300, plus the cost of cleaning your basement when it backs up,” she notes in an interview with Forbes. So, what are the repairs you should worry about? Roofing, flooding, asbestos, flooring; you name it. Any part of your home may need emergency repair at some point. A standard roof will cost $2,000 minimal for a roofing company...

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DIY Updates You Can Make to Your Kitchen on a Budget
Jul10

DIY Updates You Can Make to Your Kitchen on a Budget

This summer is the perfect time to do some work on your home. And what better place to start than your kitchen? About 76% of homeowners change the style of their kitchen during their remodeling project, making it one of the most commonly altered areas of the home. If you can’t come up with any great ideas, Architect Art Design has a few suggestions. And better yet, these ideas won’t break the bank. This year, hidden organizational elements are key for a modernized kitchen. And you don’t have to spend a ton of money to do so. Installing faux drawers that hold recycling bins and garbage cans is a great way to keep the smelly trash out of the way. You can also install in-the-counter storage which can be used to hold bread, plates, and cutlery. Keeping everything hidden will help to give your kitchen a clean and modern look. It will also give you a lot of space to work if you have a big family that loves to eat. The Spruce says you can give your sink a fresh look with a $4.00 can of spray paint and some sandpaper. Head to your local home store and find a can of spray paint that is designed to stick to metal. Clean the sink thoroughly and run your sandpaper around the entirety of the base. Then paint the sink with any color you want. If you’re looking to brighten up your kitchen, opt for a can of white spray paint. Just remember to clean it before you have company over. Along the lines of painting, instead of painting your entire kitchen, paint the cabinets instead. Use a coat or two of stain or paint, both of which will help you revamp your space on a tight budget. You can find a kit meant for refinishing your cabinets for about $75.00, or you can only focus on the doors or shelves to cut back on a few dollars. To get the best results, fill in the nicks and holes with wood putty and allow the paint to try completely before putting your dishes back inside. Redoing your kitchen doesn’t mean you have to spend a lot of money. There are plenty of ways to give the area an entirely fresh look that will allow you to stay within a...

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Major Company Changes Could Negatively Impact Campbell’s Historic Brand
Jul03

Major Company Changes Could Negatively Impact Campbell’s Historic Brand

Americans eat more than 10 billion bowls of soup every year. And for roughly 149 years, one organization has sat atop the throne as most the popular soup brand in the U.S. and around the world: The Campbell Soup Company. The U.S. Food and Drug Administration (FDA) regulates approximately $417 billion worth of domestic food products and $49 billion worth of imported foods. Though Campbell’s headquarters is in New Jersey, the organization sells canned soup and related food products in 120 countries across the world. Additionally, the company divides itself into three divisions: Simple Meals, consisting largely of soups; Baked Snacks, including Pepperidge Farm products; and the Health Beverage division, which includes V8 juices. Though Campbell Soup Company has been extremely successful since the 1860s, there are some pricing concerns as of late, prompting investors and customers to be wary of the successful organization. According to Stock News Journal, Campbell’s stock is currently trading at $37.46, equipped with a market capitalization of $10.98 billion. Although earning projections remain positive, year-to-date shares dropped 22.14%. Some Consumer Goods analysts are now advising investors to avoid Campbell’s stock. The Motley Fool reports that Campbell’s shares have recently hit a five-year low. Perhaps one of the main reasons the company’s future is seemingly up in the air can be attributed to longtime Campbell CEO Denise Morrison’s recent announcement that she will be leaving the organization after seven years. “This is a bad, bad report,” said analyst Ron Gross. “Denise Morrison did not have a successful seven years at this company, and this quarter kind of puts an exclamation point on it. Organic sales were basically flat on weak performance of soup — which, I’m no analyst, but if you’re a soup company, you should probably have some stronger sales of soup.” Other players are attempting to take advantage of Campbell’s uncertainties, but popular consumer goods organizations like Kellogg’s are also struggling, nearing 52-week lows and very low dividend yields and valuations. According to Barron’s, Campbell Soup Company faces two major problems that could continue to negatively impact their success within the competitive market. First, the fact that the majority of consumers across the country and the globe are showing signs of preferring fresh foods compared to canned alternatives. Secondly, major organizations like Walmart, Amazing, CVS Health, and Dollar General are attempting to take shares from conventional grocery stores. This grocery battle has already resulted in Walmart cutting both soup promotions and Campbell’s sales. As of 2017, it looked as though the company was in good standing and primed for a successful future. Campbell acquired Pacific Foods of Oregon for $700 million as well...

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Tennessee Oral Health Week Helps Children Understand Why Taking Care of Their Teeth is Key
Jul02

Tennessee Oral Health Week Helps Children Understand Why Taking Care of Their Teeth is Key

Going to the dentist isn’t always the easiest for kids. But with events like Children’s Dental Day in Tennessee, oral health professionals are aiming to take the fear away from the minds of kids. According to The Bristol Herald Courier about 75 children showed up to the carnival-like event to learn more about oral health importance. The kids participated in different games, activities, face painting, and watched a magician show off a few tricks. While it may seem like fun and games, the children actually learned a lot about why they need to keep their mouths in good condition. Students from the University of Tennessee dental school conducted oral hygiene check on the children at one of the many stations the event offered. In addition, some children were able to have their teeth cleaned by students from East Tennessee State University. This event was just a small part of a much larger health initiative. Smile Power Week helps Tennesseans understand the importance of oral health and teaches them about different work being done across the state at low-cost and free clinics. During the event, the kids were shown how to brush their teeth and even received a free toothbrush. The organizers of the event set up a station for children to eat a pink pill that revealed any spots they missed while brushing. If they missed any, they had to brush again and take care of them. Helen Scott, executive director of Healing Hands, spoke about the importance of the day. “We’re trying to help educate children so they won’t become our patients in the future,” Scott said. “They loved it and had a really good time. They really enjoyed themselves.” Research from The Commonwealth Fund showed 13% of adults in Tennessee ages 18 to 64 have lost six or more teeth due to infection, gum disease, or decay. In this national study, the state ranked 39th. Children should begin regular dental visits at age one. Getting them in early (and taking them to events like this one) will properly start them for a lifetime of good oral health...

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