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Gail Ruth

Gail Ruth
4550 W. Tilghman Street  Allentown  PA 18104
Phone:  610-398-8111
Office:  610-398-8111
Cell:  610-390-5434
Fax:  267-354-6263

My Blog

8 Ways to Avoid Debt from Holiday Expenses

November 18, 2014 12:25 am

Many people are entering the largest shopping season of the year financially ill-prepared. For some, the ghosts of Christmases past are still haunting them in the form of unmanageable credit card debt. For others, finding $800, the amount the National Retail Federation estimates that consumers will spend during the holidays this year, is seemingly beyond their reach.

“For the many Americans who struggle to meet daily living expenses, the thought of the holidays approaching brings anxiety instead of joy,” said Gail Cunningham, spokesperson for the National Foundation for Credit Counseling®. “The pressure to purchase can be overwhelming, causing even the most well-intentioned to take on additional debt.”

To help consumers avoid creating debt, the NFCC recommends:
  • Taking advantage of seasonal hiring by finding a second job doing something enjoyable, and earmark each paycheck for holiday spending. Even a 20-hour-per-week job can net hundreds of dollars by year-end. It may not sound appealing to take on a second job, but remember that debt is its own burden.
  • This is the perfect time of the year to sell unwanted items. Scour the house for things that are no longer needed or used. Sell them locally or online and reap the benefits of having rid the house of clutter while generating extra money.
  • Look for free ways to buy. Now may be the time to use any gift cards that have been saved. Check out how many reward points have been earned through credit cards. To maximize the points, evaluate making purchases through the card’s online partners. If using a cash-back card, consider redeeming the money available.
  • Cut back on expenses. This may seem like an odd suggestion during the largest spending season of the year. However, the fact is that there’s a finite amount of money available, thus when spending in some categories increases, it means that spending in others will have to decrease. Make a conscious decision where to temporarily eliminate or reduce spending to make money available for holiday purchases.
  • Consider re-gifting. Re-gifting has an undeserved bad image, but when looking at the facts, it actually makes sense. A perfectly good item that isn’t liked or used benefits no one sitting in a closet gathering dust. It could be just the gift someone else has been hoping for.
  • Instead of purchasing gifts, give the gift of self. Donate your time in another person’s name to a charity and send cards to those on your gift list letting them know of this contribution. It will likely be appreciated and remembered much longer than any store-bought present. As an added bonus, it may inspire them to do the same.
  • To free up money for other expenses, when entertaining have a potluck dinner instead of assuming the cost of the entire meal; when traveling, stay with friends or family instead of a hotel; consider buying a gift for the entire family instead of individual presents.
  • If forced to charge expenses, put all holiday spending on one credit card, and commit to repaying that debt in the first quarter of the New Year. Doing this will not only avoid paying excessive interest on the debt, but will prevent the holiday spending from being co-mingled with existing debt, and allow a more comprehensive picture of the spending.
Source: NFCC

Published with permission from RISMedia.


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Prevent Home Burglaries This Holiday

November 18, 2014 12:25 am

(BPT) – Not many people associate crime with the holidays, but unfortunately, burglary incidents increase this time of year. With a few simple safety precautions, you can protect your property, your family and your valuables now and well into the New Year.

1. Tone down décor and hide gifts – When it comes to holiday decorations, modesty is definitely the best policy. Expensive decorations on display can be a signal that there are valuables inside your home worth a criminal's time. Gifts under a tree standing near a window are a welcome invitation for thieves. Leave gifts tucked away until the last possible minute. If you must display presents, make sure they are out of sight from any windows or doorways.

2. Lock all windows and doors –Whether you are home, running errands or away on vacation, take care to close and lock all doors and windows. Remember to set alarms, too. A simple dowel placed in a sliding glass door or window can be an inexpensive way to secure vulnerable entrance points.

3. Keep your yard maintained – A well-lit and well-groomed home provides an important measure of safety. USAA, a leading provider of banking, insurance and investment services to the military community, recommends the 3 foot/6 foot rule: trim branches to 6 feet off the ground and shrubs down to 3 feet to minimize hiding places for burglars.

4. Dispose of boxes carefully – It’s best not to alert strangers to the new 70-inch flat screen in your home by leaving the box on the curb for refuse pickup. When it comes to big-ticket items and valuables, boxes on the curb are a sure sign to criminals that there’s something expensive in your home. Break down boxes and recycle them.

5. Travel smart
– Be proactive about home safety if you have holiday travel plans. Never let mail or newspapers pile up at your home, as it is an instant indicator you are not there. Have a neighbor collect mail and newspapers or have your service stopped by calling the post office and newspaper provider. If possible, have a neighbor park their car in your driveway intermittently to keep up the appearance that someone is coming and going.

Published with permission from RISMedia.


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Three Steps to a Worry-Free Thanksgiving

November 17, 2014 12:07 am

Thanksgiving is upon us and that means gathering family and friends for turkey and trimmings. For those hosting the big meal, adequate preparation is key to a stress-free holiday. Avoid Thanksgiving trauma and enjoy the day with these three simple tips.

1. Take stock of supplies well in advance. Don’t be caught with chipped glasses, unintentionally mismatched plates or an under-cooked turkey. Evaluate your cooking and serving utensils, dishes, flatware, glassware, and oven well ahead of the holiday. If your oven needs to be replaced, give up hosting duties this year and make alternative arrangements.

2. Schedule everything. Bill Telepan, chef and co-owner of Telepan, a New York City restaurant, suggests drawing up a timeline to stay organized. Include estimates for the time it takes to prepare meals, cook food, plate and serve, and remember to factor in time spent with guests.

3. Serve guests time-tested recipes. Ina Garten, “The Barefoot Contessa,” recommends never serving a new dish on Thanksgiving. If you want to test out a new recipe, experiment on your own, and use only your most successful meals when serving guests.

Source: Lieb Cellars

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Minor Winter Repairs Equal Major Savings

November 17, 2014 12:07 am

According to the U.S. Department of Energy’s (DOE) Energy Saver Guide, the typical U.S. family spends at least $2,200 per year on home utility bills, and heating and cooling accounts for the biggest portion – approximately 48 percent. The DOE says that those bills could be reduced by up to 25 percent by taking steps to efficiently manage those systems. Make these minor repairs for major savings this winter:

Cover drafty windows.
Use a heavy-duty, clear plastic sheet on a frame or tape clear plastic film to the inside of window frames during the cold winter months. Make sure the plastic is sealed tightly to the frame to help reduce infiltration.
Adjust the temperature. When families are home and awake, set the thermostat as low as is comfortable. When asleep or out of the house, turn the thermostat back 10 to 15 degrees for eight hours and save around 10 percent a year on heating and cooling bills.

Find and seal leaks. Seal the air leaks around utility cut-throughs for pipes (“plumbing penetrations”), gaps around chimneys and recessed lights in insulated ceilings, and unfinished spaces behind cupboards and closets. Add caulk or weather stripping to seal air leaks around leaky doors and windows.

Maintain heating systems. Schedule a service for the heating system. Find out what maintenance is required to keep the heating system operating efficiently. Replace the furnace filter once a month, or as needed.

Reduce heat loss from the fireplace. Keep the fireplace damper closed unless a fire is burning. Keeping the damper open is like keeping a window wide open during the winter; it allows warm air to go right up the chimney.

Depending on time of day, open or close window treatments. Windows can account for 10-25 percent of a heating bill by letting heat out. Opening draperies and shades on south-facing windows during the day allows sunlight to enter the home and keep rooms warm. Conversely, closing window treatments at night reduces the chill.

Source: Appraisal Institute

Published with permission from RISMedia.


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How to Heat Up Your Fireplace Design

November 17, 2014 12:07 am

Fireside season is upon us. It's that time of the year when the glow of a fire provides warmth to a room and a cozy backdrop for sharing special moments with friends and family. Though the fireplace is often the centerpiece of a room, it is an element that homeowners typically don’t consider when designing their space. Bring your fireplace to the foreground with tips from interior designer Nancy L. Mikulich, ASID.

Be bold – If you have a fireplace that extends into the room, think of it as a different piece of architecture. Consider wrapping the exposed sides in a textured wall treatment, such as a grass cloth or a shiny wallpaper. Since you won’t need a large amount of material, you may be able to splurge on a pricier product.

For a low cost approach, pick up an accent color from your rug or favorite pillow and paint the wall above the mantle. Then, paint the mantle itself in a complementary accent color for a bold, graphic touch.

Showcase inner beauty – The inside of a fireplace is a showcase and should be harmoniously designed to work with your decor style. Gas logs are a wonderful option for those seeking convenience and cost-effectiveness. These products look just as beautiful when the fireplace is off as they do when it's on.

Expand your seating – If the room allows for it, create a separate sitting area in front of the fireplace. Find a decorative screen, a pair of tufted ottomans and a small area rug. The additional furniture will provide overflow seating when the house is full of holiday visitors.

Enjoy it all year – Sometimes we only think of the fireplace when the weather turns chilly. But it is important to remember that the fireplace is in your room all year round, so make sure the dominant colors and textures in the room work from season to season. This way, you can interchange your accessories and artwork and enjoy the warmth of a hearth 365 days a year.

Source: R.H. Peterson Co.

Published with permission from RISMedia.


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Fixed Mortgage Rates Hovering Near 2014 Lows

November 14, 2014 12:34 am

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.

“Fixed mortgage rates were slightly down on mixed results from October’s employment report,” says Frank Nothaft, vice president and chief economist, Freddie Mac. “While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”

The PMMS found:
  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending November 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.
  • 15-year FRM this week averaged 3.20 percent with an average 0.5 point, down from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.35 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week with an average 0.5 point, up from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.01 percent.
  • 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.61 percent.
Source: Freddie Mac

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Six Ways Homeowners Can Prepare for Winter Weather

November 14, 2014 12:34 am

This year's winter weather predictions vary on the amount of precipitation we can expect, but many of them agree that much of the country will experience below normal temperatures. Energy authorities encourage homeowners to take steps before these cold temperatures set in to help keep warm air in your home and money in your pocket.

"Most winterizing steps can pay for themselves relatively quickly with heating bill savings," says Molly Hall, executive director of the Energy Education Council. "Don't overlook simple energy-saving steps such as letting the sun warm rooms on sunny days or closing the damper when the fireplace is not in use. These are effective energy-saving tips that cost you nothing."

Lowering the thermostat is the easiest way to save energy. Energy use is reduced for every degree dialed down. Turn it down when you are away from home or sleeping, and keep it to the lowest comfortable level when you are home. Consider installing a programmable thermostat to automatically adjust the temperature.

Use these tips to help keep the cold air outside and to cut costs to heat your home:
  • Before firing up your heating system, make sure the furnace and heaters are in good working order, and have a professional check and service your furnace system to ensure peak efficiency and safety.
  • Clean or replace your furnace filter every month to save energy and improve heat circulation. Dust and dirt slow down air flow. This makes the system work harder, which wastes energy and costs more money.
  • Seal all air leaks around your home with weather stripping or caulking. There may be gaps that contribute to the loss of heat in your home. Some common areas to find air leaks include: windows, doors, the attic hatch, wiring holes, plumbing vents, furnace vents, dryer vents, and recessed lighting.
  • Make sure walls, attics, and flooring, especially above unheated spaces such as crawl spaces and garages, are properly insulated, and repair any leaks on the roof.
  • Replace window screens with storm windows. If you have older or leaky windows that you cannot replace, use temporary fixes such as plastic film kits that create the effect of an interior storm window.
  • Electric space heaters can be useful to heat small areas, such as a study or living room. However, if you need to keep large areas warm, your home heating system will do the job more efficiently. If a space heater is being used, make sure the wiring is adequate, and check for cord fraying, splitting wires, or overheating. Do not place a portable heater in high-traffic areas, keep it clear of anything flammable, and do not leave it on unattended.
"Most people will be pleasantly surprised to realize double-digit percentage savings on their heating bills by using these simple measures," Hallsays. "Most winterizing steps will pay for themselves relatively quickly with energy bill savings, and don't forget, saving energy is the cheapest and cleanest way to add to our energy supply."

If you find you need to replace your heating system, talk to your installer about getting the most efficient unit you can afford. Investing in energy efficient equipment will help you save money on heating bills.

Source: Energy Education Council

Published with permission from RISMedia.


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How to Select the Ideal Exterior Color for Your Home

November 14, 2014 12:34 am

(BPT) – Whether designing new construction or renovating, choosing the right exterior color and complementary accent shades is critical to creating curb appeal. With color and architecture trends varying from city to city, it’s important to consider local design trends when selecting colors for the exterior of your home.

Determine the best color choices for your home by following these guidelines.

Location - Consider the neighborhood as a whole. Think about the next-door neighbor and the homes down the street. Regardless of the neighborhood, the streetscape - sizes and facades of homes, landscape architecture, balance of light and shade - plays a role in creating an idyllic neighborhood and affects the value of individual homes and communities overall. The natural surroundings also play a significant part in color selection. For example, a green wooded area would blend better with earth tones than a home near the blues and grays of the ocean.

Color combinations
- Selecting the right combination of colors for a home varies, but a good rule of thumb is to use three to six, depending on the siding and trim of the home. A best practice is to avoid selecting more than two siding colors, one trim color and one accent color for features like doors and shutters.

Balance of color choices - A home's visual balance can be disrupted by color hues that don't mix or match. The eye is naturally drawn to light colors, so consider pairing a brighter, lighter garage door with a darker siding shade. Licensed contractors, builders or remodelers can help guide homeowners on choosing multiple siding colors and trim hues that not only create a classic look for a home, but also help it blend in with its surrounding environment.

Color performance – While the home is a reflection of the person and family in it, it's also an investment. If exterior products are both functionally and aesthetically sound, they offer a greater curb appeal, which can also help with resale value when the time comes.

Published with permission from RISMedia.


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Holiday Scammers: Signs to Watch For

November 13, 2014 1:10 am

Scammers love a holiday, and all types of hoaxes tend to increase during the holiday season. The most common schemes to watch out for include:

Charity scams:
Bogus charities claiming to benefit disaster victims, sick children, police, firefighters and veterans and are among the most successful schemes, especially in duping older donors.

To avoid being scammed, don’t click on attachments or links in solicitation emails, which can unleash a virus into your computer. Ask callers for the organization’s phone number, then call the number to make sure a campaign is underway. Authenticate charities by checking names and reputations at the Wise Giving Alliance (operated by the Better Business Bureau), Charity Navigator or GuideStar, or by contacting the state agency that regulates charities where you live. Never provide a credit card number to telemarketers and beware of any group that offers to send a courier to pick up cash or a personal check at your home.

Benefit scams:
According to the Better Business Bureau, some scams promise cash payouts for pensions, but typically pay only 30 to 40 percent of their actual worth. Other hoaxes involve self-proclaimed "advocates" who promise benefits by transferring retirement assets into an irrevocable trust.

Beware of official-sounding names, and don’t depend on nursing homes, community centers and assisted living facilities to protect you; often they are paid a fee to let volunteers give presentations.

Car scams: Another ruse involves classified ads offering cars or other items in exchange for an upfront payment that never materializes.

Make sure you see the car and test drive it. Check Edmunds.com or Kelley Blue Book for realistic pricing information by vehicle year, make and model – and check out local inventory via AutoTrader.com. Get a photocopy of the vehicle title and registration, and do a CarFax check of its vehicle identification number to ensure its existence, location, and accident and repair history.

Source: AARP New York

Published with permission from RISMedia.


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Most Homeowners Leave Home Improvement Projects Unfinished

November 13, 2014 1:10 am

According to a recent survey released by Black+Decker, more than half of U.S. homeowners (52 percent) currently have unfinished home improvement projects and the vast majority (78.7 percent) have two or more incomplete projects.

“We’ve all been there – the project is halfway done, but life gets in the way. Walk one step away from a project and there’s a chance you’ll never go back,” says Allison Nicolaidis, president of Black+Decker. The survey revealed that time is the biggest factor in leaving a project incomplete, with respondents reporting that they do not set deadlines when taking on a project.

Finances are the second biggest reason home improvement projects go unfinished, followed by skill-level.

The most common unfinished projects are room improvements (repairs, maintenance, updates, upgrades), followed by walls, including plaster repair, painting or shelf installation. However, family events are the biggest motivation for homeowners to complete those projects.

When asked how they feel about home improvement projects, respondents were most likely to feel “challenged,” but also “proud” and “accomplished.”

Source: Black+Decker

Published with permission from RISMedia.


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