So NOW What?

January 25, 2018

You’ve done it.  You set a goal and, after years of work, have finally accomplished that goal.  That’s right, you finished your college degree.  With that accomplishment comes another question.  “So now what?”  That can be a pretty loaded question.  Does it include career?  Just finding a job?  Location?  Home purchase?  Relationship?  Family?  Vehicle?  More education?  Vacation?  There is a lot of think about when you ask “So now what?”.  While these all matter, I have one more question you need to ask your self –

“So now what about my student loans?”

Unfortunately, many people respond with, “What do you mean?  I just start paying them…. or something…. at some point in time….”  Well, yes, that’s true.  BUT THERE’S SO MUCH MORE! Read the rest of this entry »


Rethink That White Picket Fence

November 30, 2017

My in-laws have decided it’s time to make a move.  It’s just the two of them and a small dog in their spacious 3 bed, 2 ½ bath home on a corner lot.  They’ve made a decision that a lot of people in their generation are making.  They are ready to downsize to a townhome.  When I first started selling homes here in Sioux Falls, that’s exactly what townhomes were – the first step of retirement housing in that gradual journey to the nursing home.  Now let me be clear – in no way am I implying that my in-laws are that old.  I’m just sharing why they made the choice they have…… I mean…….uh, anyway……..  While this is still the case for some people, the typical townhome buyer is changing.

If you are dreaming of your very own single-family, picket fence bird housestand-alone home with the white picket fence, you may want to rethink that regardless of your distance from the nursing home. Read the rest of this entry »


Dream Series – 5 Steps to A Black Christmas

November 2, 2017

Cheesy as it may be, it’s a tradition.  Sometime in the next two months you will hear it.  “IIIII’m dreaming……… of a whiiiiiite… Christmas….”  Come on now, everybody loves a little Bing Crosby at Christmas.  As sentimental as a white Christmas may be, there are a lot of people dreaming of a black Christmas too…… or rather, a Christmas in the black.

christmas-presentsI think most of us dream of making Christmas magical for those around us.  There are a lot of ways to do that.  It could be anything from waking Christmas morning to find stockings stuffed and a new toy train going around the Christmas tree to a new tradition of Christmas on a warm, sandy beach under a palm tree.  Either way or any in between, it’s probably going to cost you. Read the rest of this entry »


CFR Student Loan Boot Camp

October 25, 2017

The Center for Financial Resources’ “Student Loan Boot Camp” class helps borrowers take control of their student loans.  A one-hour class, you can attend in-person over your lunch hour or by video conference wherever you happen to be.  The session covers locating loans, understanding loan types, payment plan options, loan consolidation and more!  Student Loan Boot Camp is offered the third Wednesday of each month.  You can register via the calendar link at http://www.LssSD.org or by calling 888-258-2227.

LSS.CentFinReshor


6 Thoughts on Bankruptcy

May 19, 2017

 

Bankruptcy.  It’s a word that evokes a lot of differentgavel and scale emotions and responses.  “It’s a cheap way to get out of debt.”  “Or perhaps it’s the fresh start someone needs.”  “But if they hadn’t gotten themselves into debt in the first place.”  “Then again, they didn’t choose to get sick and end up with the medical bills they have.”  “I pay my bills so why can’t they?”  “I can’t pay my bills so what’s wrong with me?”

The comments could go back and forth for ever and certainly have since the advent of bankruptcy.  In reality, bankruptcy is not the right answer for everyone, but it may be the best option for some.  It’s not always an easy choice to make. Read the rest of this entry »


Down Payment Assistance – Making ‘Home’ Possible for More

May 4, 2017

You want to buy a home? Have you looked at prices lately!?  Do you know how much you need for a down payment!?!  You’ve got to be crazy!!! There is no way you can come up with THAT MUCH money right now.  I mean, come on.  Don’t you need like 20% down for a house?  That’s got to be like $50,000-$60,000 with where homes are priced.  Buying a home just is NOT an option for you right now.  Right?

WRONG.  Well, maybe it isn’t the right time for you to be buying a home right now.  But the premises above are probably not going to be what holds you back.  Let’s talk about why. Read the rest of this entry »


What to Spend on Your New Home

April 20, 2017

 

Tired of renting?  Tired of the landlord?  Tired of the crazy neighbors doing who knows what and all kinds of hours?  Tired of nothing but white walls in your living space?  Tired of someone else parking in your parking space?  Tired of paying every month and getting nothing (except maybe part of your deposit) back when you move?  Perhaps it’s time to move out of your parents’ house…..

OK, so this probably isn’t your parents’ house anymore.  But it may still be time to move on.  Perhaps it’s time to look at buying your own home.  As our clients consider a home purchase, one of the most frightening issues they face is determining exactly how much they should spend on a home. Read the rest of this entry »


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