5 Money Principles every young adult in Ireland should follow

 

Principles are not always fun to human beings, but the fruits of having regulations are rigorous and advantageous.  Principles are even harder to for and follow among young adults. Financial principles serve as a bitter cup when you know you have the money, but you cannot spend it however you like because you have to mind your tomorrow. The financial success of a person mostly counts on one’s behavior. The money choices you make every day determine where you will be financially a few years from now. Financial discipline does not only entail saving; it also involves wise spending and wise investments. There is a need for the Irish to learn some of the core money principles, especially during these economically challenging times. The following are some of the critical money principles which would prove life-changing among the young Irish.

Always spend less than what you make- This is probably the most basic yet the most crucial money principle of all time. Young people always feel the pressure to look rich rather than be rich, but don’t let social …

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Is real estate the road to financial freedom in Ireland?

 

Real estate in Ireland is currently one of the most lucrative and secure business ventures.  The answer is yes, with the real estate sector being among the few sectors unaffected by the covid-19 pandemic. Real estate is the road to financial freedom in Ireland. Real estate as the road to financial freedom can be looked at in two dimensions: a tenant’s and an estate owner’s perspective.

First, let’s look at this from an estate owner’s direction. Renting houses in Ireland is getting more and more expensive by the days. The average price of renting a home in Ireland today is 30% higher than in 2018. This means that the Irish people in real estate are making a 30% increase in profits made from their investments. This is a lucrative business for the Irish people. Financial freedom might come with real estate in Ireland as it proves to be a venture that is unaffected even when the economy is adversely affected. In 2020, many Irish people lost their jobs to the pandemic, and the Irish economy went adversely affected. There …

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Backyard Renovation That Will Add Value to Home

 

When homeowners think of renovating their homes, one of the areas that take the most time and money is inside the house. Although indoors is vital, including backyard renovation on their to-do list will significantly increase the home’s value. A pleasant garden usually means using the outdoor areas to expand the living rooms, kitchens, and dining rooms for many homebuyers. In recent years, research shows that homeowners are investing more in renovating their homes to increase their home value, and the backyard is one of them because it not only increases the value but also helps homeowners recoup some of the costs used in renovating the house when they plan to sell the house. Here are some backyard renovations that can help to add value to the home: –

Outdoor Kitchen. This feature can make your home more desirable and increase in value. Moreover, the exterior kitchen makes entertaining a breeze and creates a luxury that many people dream of having. It also provides an exciting atmosphere that will improve your experience in the open air. Outdoor Seating Area. …

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Smart Home Technology and Three Gadgets Worth Having

 

A smart home is a place where connected devices either by Bluetooth or the internet are used to remotely manage and monitor appliances and systems, such as cooking, lighting, and heating. With technological advancements, many cool gadgets now adorn every home, changing people’s lifestyles by allowing homeowners to control intelligent apps for safety, comfort, convenience, and energy efficiency, often using the smart home app on their smartphones or other networked devices. Moreover, the gadgets aren’t just cool; they also provide quick solutions to common problems as it helps people minimize effort and space is saved thanks to the simple design and enhanced functions.

The best smart home devices automate homes, and homeowners can turn on or off electrical appliances, light up, close their doors, and even play a favorite radio station with a tap or even pronounce a phase. One imperative thing to note is that to ensure that different components can communicate, one has to make unquestionable that any smart home device they purchase is compatible with anything they own. In many smart home tech products, here are …

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Five Ways to Organize Your House

 

Finding ways to improve and manage your home is the goal of home organization, and it does more than making it run more smoothly and cleanly. The organization’s goal is to make managing your home more accessible to spend more time living and enjoying life. When thinking of organizing a house, time, space, money, and effort are all factors in the equation. Doing this means that a person will save time, know what to buy or dispose of, and never stress when trying to find what one is looking for. In the end, how you organize your home is the most critical aspect, but following some guiding principles can make the process go more smoothly. The following are some of the ways to organize your house: –

Dividing the house into zones.

Depending on the size of the house, creating zones within the home and defining their function will help a house be more organized. A room, be it small or big, serves many functions; hence placing stuff in the right place goes a long way in …

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Average costs of living in Ireland increasing?

While Irish inflation has been low in recent years—consumer prices increased by only 0.3 percent yearly from 2013 onwards—rapid price rises in particular industries have meant that many customers’ wallets have been pinched more than the official statistic implies. Private rentals have risen by 7% per year during the same time, while health insurance has risen by around 4.5 percent per year. Spending on things like these is consuming an ever-increasing percentage of many people’ incomes. A recurrent finding in the KBC Bank consumer’s take poll is that people feel that their own individual economic condition has not progressed as much as the key Irish macroeconomic factors imply.

Consumer prices in Ireland decreased by 1.1 percent in August compared to the same period last year, and by 0.5 percent on average since March, according to official inflation statistics. This drop, however, does not appear to be reflected in current consumer sentiment. We asked customers to estimate how much their own total cost of housing has risen in the past 12 months as part of the general consumer mood poll for August. Although …

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