Gateway Academy is a school founded by O. Robin Sweet. She was a mother who had a child that was diagnosed with Asperger’s and she discovered the lack of resources in the Valley for her child. She started this amazing school and has filled a need and helped many families live better lives in our community.
Links to donate to help pay for the playground for the kids at Gateway Academy
Donations can be made at their Go Fund Me page below
If you want to find out about getting a scholarship for your child to attend GAteway Academy
Click here to listen to the Smart Shopper Daphne podcast Episode #44 Community gardens are great for people that don’t have space and or want to learn how to garden. Watch and learn howCommunity Tire Pros & Auto Repair and Keep Arizona Beautifulcan help you with their gardens.
Ray DelMuro the owner and creator of refresh glass shared his story of how he walked away from the corporate world by preventing wine bottles from going into our landfills and creating glass out of them, plus what things should you be buying in September in order to save the most.
Click this link to listen to Podcast Episode #42 Susan Berman the Ceo of Fresh Start Women’s Foundation is sharing how this amazing organization helps women get back on their feet. Plus learn how to clean up your credit so you can buy the home of your dreams from Jacques Munro with Munro Realty.
Links to Topics discussed on Episode #42:
By Jacques Munro
A House and a Ferrari for the Cost of the House???!!!
The importance of having good credit cannot be overstated, especially when purchasing a home. The inability to generate traditional financing and purchase a home due to poor credit aside, having only mediocre credit can translate into paying far more for the same exact house. In some cases, the difference can be the cost of a luxury automobile . . . perhaps even a Ferrari.
Credit for Home Purchase
Failing to meet a minimal threshold FICO score (hereinafter FICO) can prevent one from purchasing a home (or even being approved as a tenant). Typically, for an FHA loan, a minimum FICO of 520 is required, while 640 is generally required for conventional loan eligibility.
While meeting the minimal FICO requirement can make a person eligible for a loan, having an excellent score can mean savings in the tens of thousands of dollars over the life of the loan. In addition to a higher interest rate, mortgage insurance can be double the cost for those with lower credit scores. In the example of a $400,000 conventional loan, the 640 FICO interest rate would be 5%, while that of the 740 FICO would be only 3.99%. This translates to more than $75,000 over the life of the loan. For the mortgage insurance, the difference could be more than $35,000 over 10 years.
Another important benefit of having excellent credit is that the borrower can qualify to purchase a more valuable house insofar as the interest rate and therefore payment amount is less.
Other Benefits of Excellent Credit
Other benefits of excellent credit include being able to obtain premium credit cards with a low-interest rate, competitive auto loans, and establishing phone/utility services without a deposit, etc. In the case of an auto purchase, a $25,000 loan with minimal threshold credit could add an additional $6,000 to the cost of financing.
Surprisingly, some employers run the credit report of prospective employees. This means great credit could translate to a better job.
Strategies to Clean Up Credit
Of course, one could try to repair his or her own credit. There are tremendous resources on line. A good resource is CreditRepair.org. Otherwise, googling “credit repair” will yield to a wealth of on-line information.
Professional assistance is perhaps the most convenient and effective method of credit repair. The key is to select a reputable company which can be done by investigation through on-line reviews, consumer reports and/or the better business bureau. A company with which our brokerage has had a good experience is GoCleanCredit.com. Their costs are competitive to the industry, generally $200 to start and $100 per month.
With excellent credit, the buyer’s dream home may very well be in reach . . . perhaps even including that free Ferrari!
For more information, please contact the author.
Munro Realty International, Inc.
Check out their current listing at Munrorealty.com or call 602-953-3838
Guest and topics discussed:
Tess Loo one of the sisters from My Sister’s Closet resale stores shared her story of success and how their stores save us money while staying fashionable.
7 very creative ways college students can save some money
7 Ways to Save Money In College
1.Take Advantage of Student Discounts
Student discounts are great and a lot of stores and restaurants offer them. UniDays is also a great website to shop with student discounts. It is a service that Apple provides, as long as you sign up with an @edu email address, you can access discounts from Teva, American Eagle Outfitters, Adidas and American Apparel.
1.Dollar Tree and Dolla Stores
The dollar tree is a great place to shop if you’re running on a budget. They have off-brand versions of cooking supplies ranging from towels to can openers to lemon squeezers. It’s also a great place to stock up for DIY projects. They often have a wide selection of jars and decorative rocks and candles and the list go on and on.
- Freeze Your Meats to Make Them Last Longer
One trick that easily allowed me to continue eating meat at a reasonable price was buying the value packs and freezing the rest for later. I would portion them out using little plastic bags or reusable containers so when I was ready to defrost them, I could grab a little and not all of the meat.
1.Try Eating 1 Vegetarian/Vegan Meal a Day
Basically, try to eat vegetables for one meal a day. Not only will it help you reach the daily recommended amount of veggies, it’ll help you cut down on your grocery bill. Try making a meatless salad that’s filling or sauteing some green beans, carrots, and eggplant or whatever you want; the goal is to eat a meal of vegetables (and fruit if you’d like) to save spending on meats.
- Don’t Eat Out, Eat at Home!
One good way to avoid gaining weight while at college is home cooked meals. You save money that you’d be spending on fast food and now you have money to go out Friday night! The average cost of eating out is $12.75 according to The Simple Dollar. Now a meal at home will cost you about $4. You could be saving $8.75 on every meal you decide to eat at home versus eating out.
- Don’t Buy Useless Things
Don’t buy a keychain that has your name on it, do you really need that? Don’t buy fast fashion to keep up with the trends, what are you gonna do when they’re no longer fashionable? Think about your purchases before you commit to them. I try to wait on purchase for a long time to see if I really do want it. This summer, I realized it was finally time for me to re-do my makeup bag but I knew it was going to be an expensive purchase. I set aside about $25 dollars a week over the course of summer in order to save. Think long term, not short term.
- Set and Keep Track of a Budget
Budgets are great tools to keep track of your money. I love using the Mint app to keep track of my spending. It’s a visual tool that allows me to see exactly what I’m spending money on using my debit card. It shows short and long term usage patterns and helps guide and set your budget based on that information.