JAY AGASSIZ www.jayagassiz.com
Salmon Arm Realty.com
In This Edition: Six Top Tips for Paying Down Debt Shuswap Market Snapshot Real Estate Insight Wilted Spinach with Hot Bacon Dressing Just a Note...
Six Top Tips for Paying Down Debt This is it — that time of year where we make resolutions and fresh starts. With the average family carrying more than $8,000 in credit card debt, and an economy still making adjustments, for many, it just makes good sense to put debt resolution a little higher on the annual “to-do” list. To help you do that, let’s take a look at six top tips for getting out of debt.
Make a list and check it twice. List every credit card you have, the balance owed and the interest rate you’re paying. That will give you the best snapshot of where you are, and allow you to create a plan for where you want to be in the timeframe that makes the most sense.
Pick a card - but not just any card. Choose the card with the highest interest rate, and adjust your monthly payments so that you’re paying as much as possible on that card until it is paid off, then re-adjust your payments for the next highest interest rate card and so on. Don't be afraid to call the credit card companies and ask them to reduce the interest rate on your card!
Weekly vs. Monthly. If you carry a balance on your credit card, and you’re only able to afford
paying the minimum monthly amount, pay weekly installments instead of one monthly payment. For example, if you owe $100 per month, pay $25 per week. Very often, credit card companies accrue interest daily on your balance, so paying only once a month can be detrimental. Switch to weekly and you could find yourself saving anywhere from $10-$100 per month.
Get creative. Own your home? Amost all financial institutions will allow you to access the equity in your home and borrow against it's value by means of a secured line of credit. The interest rate is often near par and considerably less than the rates charged by credit crd companies. This way you can transfer the balance owing and reduce your interest charges.
Cut it up. Choose the card with the most favorable rates and terms, and put it in a safe place
(try freezing it in a block of ice!) Use this card for emergencies and cut the rest up. It may seem extreme, but it is effective. You can’t go deeper in debt if you’re not actively charging on your cards!
Shuswap Market Snapshot: -Overall unit sales in December declined 32.43% compared to the same month last year (to 25 units from 37) and saw a 47.91% decrease over the 48 units sold in November. -New listings rose 5% compared to December 2009 (to 84 from 80) but dropped 11.57% over last month’s 95 units. -Total residential sales decreased 27.59% over December 2009 (to 21 from 29 units) – down 41.66% from 36 in November. -However, sales activity year-to-date (YTD) for all property types was only off by 5.28% compared to the same 12-month period in 2009 at 699 from 738 -Sales volumes YTD dipped to $213 million from $229.4 million last year. -Average Shuswap property value (year-to-date total) Dec 2010...$304,748 Dec 2009...$310,843 -1.96% -Median Shuswap property value (year-to-date total) Dec 2010...$289,000 Dec 2009...$300,000 -3.67% -Average days to sell (ytd) 2010...153 2009...146 +4.61% Stats courtesy of the Okanagan Mainland Real Estate Board (OMREB). DISCLAIMER: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month. There may be some lag time in reporting sales and minor adjustments in total results are made accordingly.
Real Estate Insight... Courtesy of OMREB Jan 2011 Media Release OMREB’ has a new Board wide monthly Buyers Survey which was launched in September 2010. It was designed to profile who the buyers are and where they are from, and so far seems to indicate that serious buyers are taking advantage of the current market and leveraging their positive purchasing power while it lasts. Survey results tracked to date (November 2010) have found that the majority of purchases were by first-time buyers (27.9%) and move-up home buyers (24.4%) with most buyers coming from within the Board area (Central Okanagan, North Okanagan and Shuswap/Revelstoke) – 57.1% , followed by the Lower Mainland/Vancouver Island – 17.6%, & Alberta – 13.2%.
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Wilted Spinach with Hot Bacon Dressing Ingredients:
2 lbs fresh baby spinach ½ lb bacon 2 teaspoons chopped garlic fresh cracked pepper fresh ground sea salt 2 tablespoons balsamic vinegar 1 small red onion, sliced thin 1/4 cup shaved parmesan cheese
Cut bacon into ½” pieces and fry until golden brown. Remove bacon, add onion slices and garlic and sauté for 2-3 minutes. Add baby spinach and gently toss with vinegar until just wilted. Garnish with bacon pieces and parmesan cheese.
Just A Note... A new year, a fresh start and a chance for new beginnings. Every year gives us a tremendous opportunity to accomplish new goals and make the kind of connections that can enrich our lives forever. It’s an exciting time as we face the year ahead to dive in and discover what’s possible. I have many personal and business goals for 2011. There's so much more to learn and put into practise, especially all of the social networking tools. Please visit me on facebook! I look forward to heading into another year where I can provide the kind of service, assistance and helping hands my customers have come to know and trust. I thank you for another chance to serve you, another chance to earn your trust and friendship and as always, I wish you a year ahead filled with fond memories, amazing moments and abundance! Be well!
Each Office is Independently Owned and Operated. An Equal Housing Opportunity Broker. If Your House is Currently Listed, This is Not Intended As a Solicitation. This newsletter is intended for informational purposes only. No reader should rely solely on the information contained herein, as it does not purport to be comprehensive or to render specific advice. ® ©1995-2011 ProspectsPLUS!
JAY AGASSIZ Homelife Salmon Arm Realty.com 404-251 Trans Canada Hwy NW Salmon Arm, BC V1E 3B8 Cell 250.833.8284 Work 250.832.7871 email@example.com