Looking to renovate your home? Here’s how to pay for it

Since the onset of the coronavirus pandemic, we have all been spending a lot more time at home. This newfound time in your house may have inspired you to make some changes around the house, such as a basement remodel or turning that spare room into a home office for your remote work. Renovating your home can be a major project, and there are a variety of ways to pay for it. Whether you are doing something as simple as a kitchen or bathroom remodel, or something major like changing your home’s appearance or adding an extension, these projects can become quite expensive. There are many ways to pay for these projects, such as cash, a credit card, or a loan.

The best and cheapest way to pay for anything, especially renovations, is cold, hard, cash. If you don’t have enough savings to complete your project, and can afford to wait until you do, there’s no better time to start than now. Start improving your bank balance by setting aside a certain amount of money each time you get paid. …

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Money Hacks

Today we’re going to talk about money hacks, what they are, and how they can help you. Money hacks are ways for you to reduce the amount of money you spend. Finding money hacks is perfect for helping you to save save save.

Do it yourself

One great money hack is doing it yourself. When things break, we are quick to call others to fix them because hey, that’s what they are there for right? Instead of calling someone to fix them, look it up to see if it is something that you can fix yourself. Not only is this good for saving money but you can also turn this into a hobby. If you find yourself with some downtime in the evenings or weekends, why not figure out a way to make some extra money? Do it yourself crafts are a fun way to make some extra money. If you’re a crafty person, you can look up pretty much any type of craft. Homemade jewelry, soap, and even custom furniture can be done right from the comfort of your …

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Inflation Rates Return to Normal

 

The current housing prices in Dublin have been talked about extensively recently. The newest trend shows that housing prices have reached peak affordability and now some of the wealthy classes of people are having trouble affording homes. Current house prices in Dublin are more than nine times the average salary making them unattainable for the majority of people because mortgages can only be 3.5 times your salary. Additionally, these numbers have not been seen since the Celtic Tiger Era, however, the central bank has been more careful this time and increased borrowing rules unlike during the Celtic Tiger Era. Prices are now beginning to slow down because simply nobody is able to afford them.

Inflation has also cooled off recently with a decrease from 12.4% last May to 2.8% a year later. Dublin has seen a significantly smaller inflation rate with an increase of prices from the current year to May of .6%.

The region of Dublin had the highest median price of 366,000 Euros which is just over 9 times more than its average salary of 40,000 Euros. …

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Child saving options

When it comes to opening a savings account, earlier is always better. Especially in Ireland, it can be extremely beneficial to start accounts for children at a young age. Personally, I believe that opening a savings account was a very influential step in the shaping of my financial views.

My first savings account was opened after my first communion, and I’m sure that many other irishmen have had this same experience. For me, this was a huge deal. The money I had gotten from such a special time in my life was now being used to finance my future.

As a child, it is easy to get lost in the concept of money, when you have cash or coins in your hand, it is far more valuable than any amount on a written check. Because of this child-like wonder, the actuality of the value of money is highly skewed.

By teaching your children early the power of independent saving and investing, they will be given the tools that enable them to continue down a more financially stable path …

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RTE Drivetime: Talking Money on mortgage deposits

This week on Talking Money we looked at the issues that might arise due to changes in mortgage lending rules. Karl Deeter and Jill Kerby have a weekly piece on RTE with Mary Wilson, tune in Monday’s at 18:10

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