10 Most Common Gym Mistakes and How to Avoid Them

Venturing into a rec center interestingly, or returning after a break, resembles opening another part in your wellness story. The environment is humming with energy, and you can nearly feel the assurance in the air. It's where objectives are set and met, a space where changes start. Yet, in the midst of this energy, missing a stage or two is simple.

Exploring the exercise center scene accompanies its exceptional arrangement of difficulties. For some, it's a world loaded up with overwhelming gear and new schedules. Figuring out the customs is essential for anybody expecting to make their exercise center time productive. Unfortunately, it's normal for novices and, surprisingly, prepared exercise center attendees to fall into traps that can impede progress, or more regrettable, lead to injury.

Anyway, what are these normal rec center entanglements? They range from lifting loads erroneously to avoiding imperative warm-ups. These blunders could appear to be minor from the start, however their effect on your wellness process is everything except little. They can slow down you, postpone results, or, in outrageous cases, really hurt long haul. Guaranteeing legitimate exercise strategies and rec center manners are essential for a protected and powerful exercise insight.

Furthermore, here's an idea: while zeroing in on what to do is fundamental, what might be said about what not to do? That is where many stagger. The traps, the stumbles in gym routine schedules, and the disregarded parts of rec center preparation frequently slip by everyone's notice until they manifest as difficulties. It's the little things - the inaccurate stance during a squat, the abuse of specific exercise center machines, or the disregard of rest periods - that can represent the moment of truth your wellness progress.

Keep in mind, knowing is around 50% of the fight. Equipped with this data, you're placing yourself in a good position, guaranteeing your time at the exercise center isn't recently spent, yet contributed carefully.

01 – Not adjusting your routine

Doing the same workout routine over and over again can lead to plateaus in progress. Mix up your routine by trying new exercises, increasing weight or reps, and varying the order of your exercises.

By avoiding these common gym mistakes, you can make the most of your time at the gym and achieve your fitness goals. Remember to always listen to your body and seek professional help if you have any concerns.

02 – Not tracking progress

Without tracking your progress, it can be difficult to know whether or not you are making progress towards your goals. Keep track of your weight, measurements, and reps to monitor your progress.

03 – Neglecting flexibility and mobility

Flexibility and mobility are important for preventing injury and improving performance. Make sure to include stretching and mobility exercises in your workout routine.

04 – Not staying hydrated

Staying hydrated is essential for overall health and fitness. Make sure to drink plenty of water before, during, and after your workout.

05 – Not using enough weight

Lifting too light of weights won’t challenge your muscles and won’t lead to significant strength gains. Make sure to use weights that are heavy enough to push you to your limits.

06 – Neglecting cardio

Cardiovascular exercise is essential for overall fitness and health. Make sure to include cardio in your workout routine, whether it’s running, cycling, or using the elliptical machine.

07 – Not having a clear plan

Going to the gym without a clear plan of what you want to achieve can lead to wasted time and lack of progress. Have a plan for each workout session and stick to it.

08 – Overtraining

Overtraining can lead to fatigue, injury, and even burnout. Be sure to give your body enough rest and recovery time between workouts.

09 – Using improper form

Using improper form can lead to injury and make your workout less effective. Be sure to learn the proper form for each exercise and ask a trainer or more experienced gym-goer for help if needed.

10 – Not warming up properly

Warming up is essential for preparing your body for exercise and reducing your risk of injury. A good warm-up should include light cardio and stretching exercises.

 

10 Most Effective Strategies for Passive Income Through Investments

At any point end up fantasizing about kicking back, tasting on your number one 

beverage, while your ledger simply continues developing almost too easily? Seems

like a sweet dream, isn't that so? All things considered, prepare to be blown away. It's not only a fantasy - it's the wizardry of automated revenue through speculations, and it's absolutely possible.

We should get genuine for a sec. We've all been there, scratching our heads, considering how to bring in our cash work for us rather than the reverse way around. All in all, who would rather not bring in cash while they rest? That is the reason I'm presenting to you the lowdown on the 10 Best Methodologies for Recurring, automated revenue Through Speculations. Furthermore, trust me, this isn't simply any old rundown - it's a goldmine of chances ready to be snatched.

Presently, before you think this is another of those exhausting monetary talks, hang on! I'm here to make this as tomfoolery as filtering through a money box. Recurring, automated revenue isn't simply a popular expression - it's your monetary major advantage. About taking vital actions with venture open doors can siphon up your pay without the everyday routine. Envision having additional money to go overboard on that fantasy excursion or essentially to give you that comfortable monetary familiar object. Sounds great, isn't that so?

Contributing isn't similar to hitting a big stake. It needs smarts and technique. That is the reason we will investigate an assortment of venture roads, from the old fashioned appeal of profit stocks and the robustness of land speculations, to the computerized age ponders like digital money marking. Every one of these procedures has its own flavor and, indeed, its dangers and prizes.

We're looking at reversing the situation on the customary work-to-acquire model. About savvy decisions and ventures fill behind the scenes while you center around, indeed, carrying on with life. I'm looking at assuming command over your monetary future, each savvy interest in turn. Anyway, would you say you are prepared to change your monetary future? We should jump into these first rate procedures and open the way to acquiring inactively. Remain tuned - your wallet will much obliged!

1 – Cryptocurrency Staking and Yield Farming

Ready to dive into the deep end of the digital currency pool? Cryptocurrency staking and yield farming are where the tech-savvy investors play. In staking, you lock up your cryptocurrencies to support a network and confirm transactions. In return, you earn more crypto. Think of it as earning interest on your digital dollars.

Yield farming, on the other hand, involves lending or staking your crypto in exchange for rewards, often in the form of additional digital tokens. It’s a bit more complex and comes with higher risks, but the potential rewards can be eye-popping. Both staking and yield farming are for those who are comfortable navigating the crypto world and are ready to explore its more advanced corners.

2 – Business Investments (Silent Partnerships)

Ever wanted to be the power behind the throne? That’s what silent business investments are all about. You put your money into a business, and in return, you get a share of the profits. You’re not involved in the day-to-day running; you’re more like a benefactor, watching your investment grow from the sidelines.

This strategy is perfect for those who have the capital and want to invest in the business world but prefer to avoid the nitty-gritty of business operations. It’s a bit like being a silent superhero for a business, providing the financial backing they need to soar while you reap the rewards quietly. But remember, choosing the right business to invest in is key – you want a winner, not a money pit.

3 – Annuities

Annuities are the financial world’s version of a slow cooker – set it up, leave it, and come back to something delightful. In simple terms, you invest a lump sum or make regular payments to an insurance company, and in return, they pay you a steady income, either immediately or at a future date. It’s like sending money gifts to your future self.

Think of annuities as a way to bulletproof your retirement income. You’re essentially creating a paycheck for your golden years. There are different types of annuities, each with its own set of rules and benefits, so it pays to do your homework. They’re not the flashiest of investments, but they’re about as steady as they come.

4 – Automated Investment Platforms

Here’s where we bring in the robots, but the good kind – robo-advisors. These automated platforms are like having a financial guru in your pocket, making smart investment choices for you based on algorithms. You tell them your goals and risk tolerance, and they handle the rest. It’s perfect for those who want to invest but feel like the stock market is a wild beast they can’t tame.

The beauty of robo-advisors is their accessibility and simplicity. You don’t need a fat wallet to start, and you certainly don’t need a finance degree. It’s hands-off investing with a touch of futuristic flair. Plus, they’re usually cheaper than traditional financial advisors. So, if you’re into smart investing with a techy twist, robo-advisors could be your new best friends.

5 – Royalties from Intellectual Property

Ever fantasized about earning money from your brilliant ideas or creative flair? Enter the world of royalties. Whether you’re penning the next bestselling novel, dropping beats that get everyone dancing, or inventing a gadget that changes lives, royalties are your ticket to ongoing income. Every time someone buys your book, streams your song, or uses your patented invention, cha-ching! You earn money.

But it’s not just about creating; it’s about smartly protecting and marketing your work. It’s like planting a garden of money trees – you need to nurture them and make sure no one’s picking your fruits without paying. Intellectual property can be a goldmine if you’ve got the right stuff and know how to play the game. It’s a beautiful blend of creativity and commerce, and the payoff can be sweet and long-lasting.

6 – Index Funds and ETFs

Let’s talk about index funds and ETFs. These are like the all-you-can-eat buffets of the investment world. Instead of betting on one stock, you spread your investment across the market. It’s diversification at its finest. Index funds track a specific market index, like the S&P 500. ETFs, or Exchange-Traded Funds, are similar but trade like stocks. It’s like having a piece of the whole market pie.

Here’s the kicker: these funds are generally low-cost and low-effort. You’re not trying to beat the market; you’re riding along with it!

7 – High-Yield Savings Accounts and CDs

Let’s mosey on over to high-yield savings accounts and CDs. Think of these as the trusty steeds of the investment world – not particularly flashy, but reliable. A high-yield savings account is like a piggy bank on steroids. You stash your cash, and it earns interest at a rate that makes regular savings accounts blush. And the best part? It’s super low risk. Your money just sits there, getting fatter.

CDs, or Certificates of Deposit, are like giving your money a time-out. You lock it away for a set period, and in return, you get a fixed interest rate. It’s like planting a seed and coming back to find it’s grown into a money tree. The catch is, you can’t touch the money until the CD matures without facing a penalty. It’s a test of patience, but for those who can wait, it pays off.

8 – Peer-to-Peer Lending

Next up, peer-to-peer (P2P) lending. This is where you play the bank, lending your cash to individuals or businesses through online platforms. You’re basically helping others while helping yourself – it’s a win-win. People get loans for all sorts of things: starting a business, consolidating debt, or even a dream wedding. And you, as the lender, get interest on your money. It’s like lending money to a friend, except you actually get paid back, with interest.

But here’s the thing: with great power comes great responsibility. You need to choose who you lend to wisely. It’s like picking teammates for dodgeball – you want the strong players. Diversify your loans to spread the risk, and keep an eye on those interest rates. The higher the rate, the riskier the loan, but also the higher the potential reward. It’s about striking that sweet balance between risk and return.

9 – Real Estate Investments

On to real estate, the granddaddy of passive income. Here’s the deal: you buy property, and it pays you back in rent. It’s like having a golden goose in your backyard. Whether it’s a cozy apartment, a sprawling duplex, or a slice of a REIT, real estate can be a ticket to steady, ongoing income. Think about it – people always need a place to live, right? That’s your market right there.

But wait, there’s more! Not only do you get rental income, but there’s also the potential for your property’s value to climb. It’s a double whammy of goodness. However, real estate isn’t a set-it-and-forget-it kind of deal. You’ve got to manage the property, deal with tenants, and keep up with maintenance. Or, you could hand it off to a property manager and keep things hassle-free. Either way, it’s about putting your money in a tangible asset and watching it work its magic over time.

10- Dividend Stocks

Alright, let’s talk about dividend stocks. Imagine you’re at a party, and the host hands you some cash just for showing up – that’s pretty much how dividend stocks work. You invest in a company’s stock, and they pay you dividends, a share of their profits. It’s their way of saying, “Thanks for investing in us, here’s a little something for your trouble.” And the coolest part? Some companies pay dividends quarterly, so it’s like getting a mini bonus every few months.

Now, not all stocks are equal in the dividend world. Some are like the steady Eddies, providing consistent payouts. Others might be more like shooting stars, dazzling but unpredictable. The trick is to find companies with a solid track record of paying dividends. It’s a bit like dating – you want someone reliable who won’t ghost you when times get tough. And remember, reinvesting those dividends? That’s how you turbocharge your earnings. It’s like rolling a snowball down a hill – it just keeps getting bigger.

10 Most Effective Ways To Drink More Water Daily

 10 Most Effective Ways To Drink More    Water Daily

Remaining hydrated is critical for our general wellbeing and prosperity. With every one of the 

advantages that come from drinking sufficient water, it's no big surprise we're continually 

reminded to up our admission. In any case, it very well may be trying to make sure to hydrate 

over the course of the day. Dread not, individual H2O devotees! We've incorporated a 

rundown of 10 innovative and compelling ways of assisting you with drinking more water 

everyday. Thus, we should make a plunge and investigate these revitalizing tips

1- Start Your Day with a Glass of Water

Start your mornings with an invigorating glass of water to launch your hydration process.

Drinking water first thing renews the liquids you've lost for the time being as well as 

establishes the vibe until the end of the day. Besides, a basic propensity can immediately turn 

into a piece of your morning schedule.

2- Imbue Your Water with Flavor

Assuming you find plain water exhausting, have a go at injecting it with natural 

products, vegetables, or spices. Besides the fact that it adds an eruption of flavor, 

however it likewise makes drinking water more pleasant. Get innovative with mixes 

like lemon and cucumber, strawberry and basil, or watermelon and mint. The 

conceivable outcomes are huge

3- Put resources into a Great Reusable Jug

Having a sharp and useful water container can have a significant effect in your hydration 

propensities. Pick a container that is not difficult to convey, fits in your pack or cup holder, and 

has a sealed plan. You'll be more disposed to carry it with you and continue to taste over the 

course of the day.

4- Put forth Hydration Objectives and Keep tabs on Your Development

Challenge yourself by defining everyday water consumption objectives. Utilize an 

application or a straightforward notebook to keep tabs on your development and 

commend your accomplishments. Remaining responsible can be a strong 

inspiration in ensuring you hydrate every day.

5- Use Innovation for Your Potential benefit

Cell phone applications and updates can be staggeringly useful in keeping your 

water consumption on target. Set alerts or warnings over the course of the day to 

remind you to hydrate. You can likewise find applications explicitly intended to help 

you screen and deal with your hydration.

6- Brighten up Your Dinners

Eating hot or pungent food varieties can normally make you parched. 

7- Taste Before You Bite

Once in a while, our body botches hunger for hunger. Whenever you're needing a 

bite, have a go at drinking a glass of water first. It may very well extinguish your 

thirst and forestall superfluous nibbling, assisting you with remaining hydrated and 

keep a better eating routine

8- Lay out a Water Drinking Schedule

Making an everyday practice around your water admission can make it more 

straightforward to remain steady. For instance, drink a glass of water before each 

dinner, when you awaken, or before sleep time. By partner water consumption with 

explicit everyday exercises, you'll be bound to make sure to drink up.

9- Weaken Sweet Beverages

On the off chance that you really love juices or pop, take a stab at weakening them 

with water. Along these lines, you'll in any case get a touch of flavor while drinking 

less sugar and expanding your water consumption. Bit by bit increment how much 

water in the blend until you're drinking for the most part water with a sprinkle of 

flavor.

10- Reward Yourself

Put forth achievements for your hydration objectives and prize yourself when you 

accomplish them. It very well may be essentially as basic as indulging yourself with 

a loosening up shower or another water bottle. Praising your achievements will 

keep you spurred and make drinking water more agreeable.

Drinking sufficient water day to day is fundamental for keeping up with ideal 

wellbeing and prosperity. With these 10 clever tips, you'll be well en route to 

remaining hydrated and receiving the various wellbeing rewards that accompany 

appropriate hydration.

The telex news : INDIA RUPEE-Rupee's direction guided by Fed outlook, RBI at start of 2024

INDIA RUPEE-Rupee's direction guided by Fed outlook, RBI at start of 2024

 

The Indian rupee will open minimal changed on Monday, with the U.S. Central bank 

loan fee viewpoint and the Save Bank of India's forex procedure expected to be the 

way to start the New Year.

Non-deliverable advances demonstrate the rupee will open almost unaltered from 83.2075 on Friday. Other Asian business sectors were off.

"The main things I can imagine to start the year are the Fed and RBI," a FX broker at a bank said.

The equilibrium of dangers for USD/INR is on the disadvantage (on USD/INR, "basically based" on the dollar's battles started on the Fed turn and "any desire for an alternate RBI", he said.

The RBI has diligently mediated in unfamiliar trade markets on the two sides throughout recent weeks, keeping USD/INR in a tight reach, as per dealers.

Throughout the course of recent months, assumptions that the Fed will cut rates a few times in 2024 have harmed interest for the dollar.

The dollar list has declined 5% over November and December on the rear of financial backers estimating five or six Took care of rate cuts this year.

The top notch slice is supposed to be conveyed when Walk.

A few examiners see an unsure period toward the start of the year.

"Given the moves we've found in November/December, 2024 is probably not going to begin with clear patterns," Society General said in a note.

Significant U.S. information is expected for this present week, which could affect the loan fee standpoint and, subsequently, the dollar.

The US ISM fabricating information is expected Wednesday, trailed by administrations and non-ranch payrolls print on Friday.

KEY Pointers: ** One-month non-deliverable rupee forward at 83.30; coastal one-month forward premium at 8.25 paise

** Brent unrefined fates dropped to $77.04 per barrel on Fri ** Ten-year U.S. note yield at 3.87% on Fri

** According to NSDL information, unfamiliar financial backers purchased a net $679.7 mln worth of Indian offers on Dec. 28

** NSDL information shows unfamiliar financial backers purchased a net $105.4 mln worth of Indian bonds on Dec. 28

 

How to buy a house in 2024

In the event that you might have picked any year to purchase a home, what might it have been? 2021, when

rates were sub-3%? Or on the other hand in 1981, when home loans were more than 18%? Better believe it,

that is a simple one. However, perhaps you didn't have the initial investment in the bank a long 

time back. Or on the other hand, for quite a few reasons, you simply weren't prepared to purchase a house.

Buying a house in 2023: What you need to know

The elephant in the family room of that fantasy home you need to purchase is the blend of high home loan rates and home costs. The financing cost you will probably pay today was most recently seen in 2002. The middle home cost then was around $170,000. Today, the middle house cost is more than $400,000.

Contract rates bobbed all over in the 7% territory during the 1990s, as well. Also, in the mid '70s. They've been a whole lot higher — and much lower. That is the very thing that home loan rates do.

In any case, throughout the long term, notwithstanding the repeating idea of home loan rates, middle home costs have commonly increased all through loan fee cycles.

Of course, as you can see by the occasional dips (or cliffs) in home values, including the five-year drop beginning in 2007 and the most recent fall in prices, houses don't always appreciate over the short term. Much like the stock market, a home is a buy-and-hold asset.

So, presently, interest rates are no longer historically low, and home prices have been on an increasing trajectory for decades. Choosing to buy a home based on the perfect timing of low mortgage rates and affordable home prices is rarely, if ever, possible. Over the long term, home prices are likely to continue appreciating, and since rates move up and down over time, refinancing opportunities may crop up as the years go on.

First-time home buyers: What's changed in 2023

Besides mortgage rates? The most significant change is the share of home buyers who are first-timers is at its highest level in over a decade. Half of all home buyers were first-timers in 2022, according to Zillow research.

The buying frenzy of bidding wars and red-hot housing markets seen during the years of record-low interest rates is over. Part of the reason is because potential repeat buyers are staying put with their existing low-rate mortgages. With less buying competition, first-time home buyers may have more of an opening to make a deal.

Repeat home buyers: The 2023 mortgage rate challenge

According to another Zillow report, current homeowners may stay put for quite some time. The report says that would-be repeat buyers are looking for mortgage rates to dip back down to 4% and 5% before giving up their lower-rate home loan.

As a result, buyers are once again seeking out temporary mortgage rate buy-downs and adjustable-rate mortgages.

Buy-downs allow for two to three years of lower-interest payments in exchange for an upfront fee. And ARMs enable buyers to lock in a slightly lower interest rate for a few years before annual or semiannual rate adjustments later. It's essentially a bet that interest rates will head lower in a couple of years, allowing for a fixed-rate refinance.

ARMs can also be suitable for buyers expecting to move again before the introductory fixed-rate shifts to variable interest.

How much house can I afford?

A quick and easy formula for home affordability can be calculating 28% of your monthly before-tax-and-deductions (gross) income. That amount should cover your mortgage payment, insurance, taxes, and other housing costs.

Lenders will look for a total debt load of 36% or less of your gross pay. That would include housing costs, plus monthly minimum credit card payments, vehicle loans, personal loans, and any other debt.

How much money do I need to buy a house?

Now, we're getting to the essential details. Just how much money do you need on hand to buy a house? The down payment will be the biggest chunk of cash that you'll need. That can range from 3% of the purchase price (some lenders even offer 1%-down loans) to the optimum 20%. "Optimum" because with 20% or more down, you won’t be charged private mortgage insurance. PMI is a fee that protects the lender in the event that you default on the loan.

Other low- and no-down-payment options are available, which we'll cover next.

When you make an offer on a house, you'll likely have to put up some earnest money with your written offer. That can be from several hundred to a couple thousand dollars. But don't worry, this isn't a new chunk of cash. It's a small slice from your down payment and will be applied to the total money down later.

Then there are closing costs. Figure those will amount to another 3%-4% of the home's selling price.

Lenders will also want to see a cash cushion available for maintenance, repairs, furniture, and other related expenses, such as moving costs.

Let's do a back-of-an-envelope rough estimate based on a $300,000 home:

• At the minimum, you might qualify for a conventional loan with a 3% down payment. So that's $9,000. A National Association of Realtors report said that first-time home buyers typically made a 6% down payment in 2022, while repeat buyers put down 17%. You can adjust your estimate according to your down payment plans.

• Closing costs could range from $9,000 to $13,000, or 3%-4% of the loan amount. These fees typically include an appraisal, inspection, title insurance and other prepaid and escrow funds required. Your lender will provide details in a Loan Estimate — and the final figures in a Closing Disclosure three business days before closing.

• Home maintenance and repairs: It's good practice to have some cash on hand, just in case there are some early expenses to cover. Let's say $1,000 to $2,000.

• Moving expenses could vary a lot, depending on distance and how much stuff you have. Got friends or relatives with a truck and some strong backs? Maybe $100 for pizza and beer. If not, figure $2,000 to $5,000.

That's a ballpark minimum of around $20,000.

How to buy a house with no money in 2023

Mortgages requiring no down payment are widely available through two primary programs: the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture.

VA loans are, by far, the most-used method to no-money-down homeownership. As of June 2023, the VA said 3.7 million veterans had active home loans guaranteed by the agency. Loans backed by the VA are issued by mortgage lenders, such as banks, credit unions, and other loan providers. To be eligible, you must be a U.S. veteran, current service member or a qualified surviving spouse.

USDA loans are for the funding of a primary residence of low- and moderate-income borrowers — but aren't just for residences built on property with agricultural purposes. They can be single-family homes in rural and suburban areas, too.

If you don't qualify for either of these two government loan programs, there are local and state housing finance agencies that offer aid, grants, and down payment assistance to low- and moderate-income households. There are also programs to assist teachers and first-responders to buy a home.

The U.S. Department of Housing and Urban Development has resources to help you learn more about home-buying-assistance programs.

The 2023 first-time home buyer federal tax credit

A federal tax credit for first-time home buyers, which ended in 2010, has been up for renewal time and time again in Congress, including earlier in 2023. The latest proposed version would allow a $15,000 credit against your federal income tax bill. So far, the measure hasn't been approved.

Credit score needed to buy a house

The lowest interest rates are earned by borrowers with a FICO score of 760 or better, according to credit services provider Experian. More expensive homes are financed with jumbo loans and generally require a credit score of 700 or better.

Service members and veterans can tap the benefit of a VA-backed loan, with lenders generally looking for applicants with a 620 FICO score or better. Lenders making conventional loans, which aren't backed by a government agency, also look for credit scores of 620 or higher.

Rural and suburban homes might qualify for a USDA loan with a 580 credit score. And you might even be eligible for a mortgage with a credit score as low as 500 with an FHA loan — but a lender could require 10% cash down.

Yahoo Finance tip: Know your credit score and use this calculator to get an idea of the rate you may qualify for.

How to buy a house with bad credit

As just noted, FHA offers the lowest credit score hurdle to buying a house, at 500. Having a decent down payment helps make your case with a lender. Of course, working to build your credit score before buying a home is probably the best option. Actions to consider include:

• Make sure your credit report is accurate. Many people who haven't checked their credit record in a while find long-lingering errors that can be corrected, according to Consumer Reports.

• Investigate government home-buying-assistance programs as mentioned above.

• Pay down debt. Every dollar decrease in debt works toward boosting your credit score.

• Pay every bill on time. And paying early can help polish your credit profile by lowering your credit utilization, a measure of debt used by credit score providers.

Finding a co-signer — perhaps a family member — with good credit to help guarantee the home loan may also be a path to homeownership until your credit history recovers.

Yahoo Finance tip: Getting a mortgage with bad credit means your interest rate will be higher. That can be a long-term penalty for what may be short-term credit issues. Repairing your credit before buying a house might be the best financial decision.

How long does it take to buy a house?

This question is difficult to answer because it depends on your circumstances. But here are some general parameters.

• Getting financially prepared can take weeks or months — or much longer. You’ll also want to get your records in order for the loan underwriting process. That can include tax returns, bank statements, proof of income, and other paperwork.

• Then there's shopping for a lender and getting a pre-approval in hand. That's a week or two, at least.

• Finding the right house might take a couple of months or more. In 2022, the NAR said it took home shoppers a median of 10 weeks before finding their next address.

• Making an offer on a house can take a week or two of possible give-and-take bargaining.

• Then, the mortgage process begins. HUD estimates that lenders will take 3-6 weeks to complete the loan approval process.

• The three-day countdown to loan signing begins when you receive the Closing Disclosure.

• Then, an hour or so around the closing table, and you're done.

13 steps to buying a home in 2023

Breaking down the home-buying process can make it less overwhelming. Here are the landmarks you will want to achieve along the way:

1. Know how much house you can afford

To start, you'll want to determine what you can comfortably spend. If you properly gauge your financial capacity, your monthly mortgage payment will feel right from the beginning and get even easier to make over time.

Divide your pre-tax monthly salary by four. That's a good start for a target monthly payment. But that's not just principal and interest payments. You will also want to include property taxes and homeowners' insurance in the total. Mortgage lenders often recommend your housing costs total around 28% of your gross pay. That calculation is known as your debt-to-income ratio.

2. Be financially prepared

You need to lay a solid financial foundation for homeownership to be comfortable with the ongoing costs of owning a home.

Reduce debt

Prioritize paying off debt before buying a home. You'll have plenty of new expenses after you move in and will want to have extra spending power available.

Check your credit score

Knowing your credit score is a must. Many financial services providers offer FICO scores for free, and the numbers will vary a bit from each. Knowing generally where you fall on the bad-to-excellent scale will suffice. The higher your score, the better your bargaining power for a lower interest rate and fewer fees.

Have a cash cushion

Lenders want to see that you've got some money left over after making the down payment and covering the closing costs. It doesn't have to be a huge amount, but showing that you have a bit of a cash cushion during the purchase and once in the home is a good thing.

3. Bank the down payment

That lump sum down payment has to be in a savings account or somewhere readily accessible. From the minimum 1% of the purchase price to the preferred 20% down, or anywhere in between, it's got to be money ready to be in motion.

4. Shop lenders for the best mortgage

It seems people may have finally learned this lesson. Over the last nearly 10 years, over 60% of home buyers said they shopped more than one lender, according to Fannie Mae research. Gone are the days when buyers just went with a real estate agent's "preferred lender," no questions asked. Comparison shopping mortgage lenders for the best rate and most favorable fees is a thing. Don't skip it.

5. Get pre-approved

Getting a written mortgage preapproval in hand is another step rarely taken for granted these days. That's because real estate agents and home sellers want to be sure you're a serious shopper.

6. Find a buyer's real estate agent

Now you're set to shop for that perfect house. Almost. You need the right real estate agent on your side — and that's not the seller’s agent shown on the "for sale" sign or the "listing agent" named in the home’s online profile. Talk to two or three buyer’s agents and find a strong negotiator and advocate.

7. Find a house (or two)

The fun part: looking at houses. Sure, you skipped down to this house-hunting step a bit early, right? Not to worry, because now that you've completed steps 1 through 6, it's time for a serious search for the perfect home. Attend some open houses and scour the local market for neighborhoods and amenities that best suit you. Find a couple of contenders: one to make an offer on and some backup options if your favorite falls through.

8. Make an offer

Your buyer's agent will handle the details of making an official offer and negotiating counteroffers.

9. Get a home inspection and appraisal

Then comes a home inspection and home appraisal. Both protect you from unknown problems and a valuation issue. Inspection issues could include things such as a leaky roof, mold or plumbing and electrical problems. The appraisal assures the lender that the property is worth enough to warrant a loan approval — and alerts you to the possibility of overpaying for a property that may be worth a lot less than you thought.

10. Shop for homeowner's insurance

It's time to shop again, this round for insurance. Your lender will require it, and of course, you need it. It's another round of comparison shopping between multiple providers. Bundle and save? You've got to put every sales pitch to a numbers test.

11. Choose your lender and apply for a mortgage

With an offer in hand, you can get real-deal loan offers. Each lender vying for your business will give you a written offer. If you have each lender provide a zero-discount-points offer, you can compare apples to apples and then decide if you want to buy points to lower your interest rate.

12. Do a final walk-through

Before closing, you'll do one more walk-through with your agent to ensure everything is as promised. Repairs, if any, are completed; things like that.

13. Close the loan

You'll face a pile of paperwork, so be patient. Ask questions and understand what you're signing. If there are any last-minute surprises, you can still walk away. But don't worry, that's not likely to happen. You'll probably have a, "Am I really doing this?" feeling, but it will soon transform into delight and excitement when you get the keys.

 

The best rewards credit card: How to find your fit

 

Rewards credit cards offer a profit from cash you're as of now spending, 

making them quite possibly of the best resource in your individual accounting 

stockpile.

These little "rewards" can amount to a decent amount on the off chance that 

you boost your utilization. In any case, this accompanies some examination, 

purposeful spending, and mindful use.

What is a rewards credit card?

A prizes Visa is a sweeping term for any charge card that offers you a motivator on its utilization.

These regularly come in three structures: cash back, miles, and focuses.

How do rewards credit cards work?

Rewards credit cards offer you an incentive (like points, miles, or cash back) for money you're already spending.

For example, an active Chase Ultimate Rewards user may use one of their participating credit cards to earn cash back on their everyday spending.

On the other hand, if you are a jet-setter, you may use the Capital One miles program whenever you have travel purchases for its unique earnings.

However, if you’re like many spenders, you may do a little bit of both and have acquired different credit cards for different purposes. Perfectly acceptable, and arguably a smart way to maximize earnings.

3 types of credit card rewards programs

There is an unmentionable amount of reward programs currently available. Assuming that every major U.S. bank and financial institution, such as Chase, Bank of America, Capital One, and Citi all have their flagship rewards programs like Chase Ultimate Rewards or Capital One Miles.

On top of this, numerous co-branded credit cards in partnership with airlines, hotels, and retailers like Amazon or Hilton have their rewards systems. Plus, there are several smaller banks and credit unions offering their rewards programs as well.

From that tally alone you can expect well over 100 programs to sift through. But they are usually segmented into three types of reward programs:

• Points programs: Credit cards with points programs allow cardholders to earn points for every purchase.

• Cash-back programs: Cash-back credit cards offer a percentage of the purchase amount back to the cardholder, typically as a credit on their statement or a direct deposit.

• Miles programs: Miles rewards cards provide cardholders with "miles" for every purchase, primarily tailored for frequent travelers, and can be redeemed for airline tickets, upgrades, or other travel-related benefits.

What are credit card points?

Credit card points are a reward system where cardholders accumulate points based on their purchases. These points can be redeemed for various rewards, ranging from merchandise and gift cards to travel and experiences.

Who are they best for?

Credit card points are best suited for individuals with varied spending habits and looking for flexibility in their redemption options. They're particularly beneficial for those who prefer a range of rewards rather than being restricted to cash back or specific travel perks.

How to earn credit card points

• Sign-up bonuses: Many credit cards offer lucrative bonuses for new cardholders once they spend a certain amount within the first few months.

• Regular purchases: Cardholders typically earn points for every dollar they spend on eligible purchases.

• Bonus categories: Some cards offer higher point rates for specific categories, like dining, supermarkets, or gas stations.

• Shopping portals: Many credit card issuers have online shopping portals where users can earn extra points by shopping with partner retailers.

• Special promotions: Occasionally, issuers might run promotions or partnerships where cardholders can earn additional points for a limited time.

What are credit card miles?

Credit card miles, often referred to simply as "miles," are a type of reward system where cardholders earn miles for every purchase made on the card. Once accumulated, these miles can be redeemed for air travel, hotel stays, and other travel-related expenses.

Who are they best for?

Credit card miles are ideal for frequent travelers, be it for business or leisure. They cater to individuals who are looking to offset their travel expenses or enjoy travel perks, such as lounge access, priority boarding, and free baggage check.

How to earn credit card miles

• Sign-up bonuses: Many miles-based credit cards offer a sizable chunk of miles as a bonus for new users who meet a certain spending threshold within the initial months.

• Everyday purchases: Typically, cardholders earn a set number of miles for every dollar they spend.

• Travel-related expenses: Many travel credit cards offer additional miles for expenses related to travel, like booking flights, hotels, or car rentals with the associated brand or partners.

• Dining programs: Some card issuers have dining reward programs that give extra miles when you dine at partner restaurants.

• Promotional campaigns: Issuers often run limited-time offers where spending in certain categories or with certain partners can yield bonus miles.

What are cash-back credit cards?

Cash-back credit cards are a type of rewards card where cardholders receive a percentage of their purchase amount returned to them as a reward.

This "cash back" can be issued through statement credits, checks, or direct deposits, effectively reducing the amount the cardholder spends.

Who are they best for?

Cash-back credit cards are ideal for individuals who value straightforward rewards and are looking for tangible, immediate returns on their spending. They are especially beneficial for those who may not travel frequently and prefer a clear-cut, monetary reward over points or miles.

How to earn cash back

• Sign-up bonuses: Some cash-back cards offer a bonus cash reward for new users who spend a specific amount within the first few months.

• Everyday purchases: Cardholders earn a defined percentage back on all qualifying purchases.

• Category-specific rewards: Many cash-back cards offer higher percentages for specific categories, such as groceries, gas, or dining.

• Rotating categories: Some cards offer higher cash-back rates on categories that change periodically, requiring cardholders to activate these categories to earn the bonus.

• Shopping through issuer portals: Similar to points-based cards, some cash-back cards allow users to earn additional rewards by shopping through the issuer's online portal with partner retailers.

How to find the best rewards credit cards

Choosing the best rewards credit card can be done by asking one question: "Which card benefits me the most?"

Define your rewards objective

Start by pinpointing the type of rewards that align with your lifestyle and aspirations. Are you aiming for straightforward cash back, or are you more interested in accumulating points or miles for unique experiences and travel?

Look at your spending patterns

A careful review of your monthly expenses will help you identify where most of your money is spent. This insight can guide you to cards that reward those specific categories more generously.

List and compare

Craft a concise list of potential cards, emphasizing those with higher rates and compelling introductory bonuses or welcome offers. This comparative approach ensures you'll get the most value for your spending.

Examine short-term vs. long-term benefits

Don't immediately jump at the card with the highest welcome or introductory bonus. These are fleeting and after the dust settles you want a card that will benefit you now and in the future.

Explore pre-qualification opportunities

Before diving into an application, check if you can prequalify before you open an account. It provides an early indication of your likelihood of approval without impacting your credit score.

How to compare rewards credit cards

Comparing rewards credit cards (or any credit card for that matter) is largely personalized and unique to your personal spending. But there are some factors to consider when weighing the options:

Annual fee

Many cards have no annual fee (my favorites) but many do and they can range from below $100 to over $500. The point isn’t the fee itself. The one question you need to ask is "Will the benefits offset the cost?"

Earning potential

Speaking of benefits, you need to have a good range of your annual return for that specific rewards program. To do this, take your average spending and compare it to their earnings system.

For example, if you're researching a flat rate 1.5% unlimited cash back card and you spend roughly $500 per week here's what your approximate annual return will be:

• $500 p/week x 52 weeks = $26,000 in annual spending

• $26,000 x .015 (1.5% cash back) = $390

Spending categories

While some rewards credit cards offer blanket points, miles, and cash back for every purchase, not all of them do. Some have tiered programs where you earn more in one category and less in another. For example:

Credit Card X offers the following spending categories:

• 5% cash back on gas and groceries

• 3% cash back on dining and takeout

• 1% cash back on everything else

Welcome bonus

One of the best things about credit card shopping is the intrigue of "free" anything. Welcome bonuses are that little added incentive where the credit card companies all vying for your business throw down this gauntlet as the ultimate "pick me."

Welcome bonuses vary but typically keep the same stipulations. A new cardholder upon approval will be gifted a "bonus reward" either in miles, points, or cash back.

Here's the catch:

• Most often you have to spend a certain amount within a given timeframe to receive the bonus (example: spend $500 in the first 3 months and receive $200 cash back).

• If you fail to make your payments on time or don't spend the allotted amount during the introductory window, you forfeit the bonus.

Intro APR offers

Introductory APR offers will allow a free pass on incurring interest for any balances held during that period. But once the period expires you will incur interest charges for outstanding balances when your billing cycle ends.

The average rewards credit card interest (APR) is currently over 24%.

And that is for rewards cards in general. Airline credit cards are even higher, having an average interest rate of over 25%.

If you're planning on paying off your balance every month, there is no need to worry about this interest rate.

Credit score

While some credit card companies don't divulge this information, it's an unwritten rule that some credit cards are gatekept for those that have two things:

1. A higher-than-average credit score (exceptional in some cases)

2. An established credit history (you've proven that you can handle and use credit.

How to calculate credit card rewards

Every swipe of your credit card can earn you a reward, but how much? These are the five steps you can apply to almost any transaction:

1. Identify the reward rate: Check your credit card's terms and conditions. In our example, the reward rate is 2%.

2. Determine the purchase amount: This would be the total amount you spent. Let's say your bill was $100.

3. Multiply the purchase amount by the reward rate: $100 x 0.02 = $2.

4. Consider any caps or limits: Some cards have a maximum reward limit per month or year. Ensure your calculated reward doesn't exceed this limit.

5. Factor in bonuses: Some cards offer bonus points or cash-back for reaching certain spending thresholds.

Keep in mind, some exchanges of money do not earn you rewards.

• Balance transfers

• Cash advances

• Other cash-like transactions

• Lottery tickets

• Casino gaming chips

• Race track wagers or similar betting transactions

• Any checks that access your account

• Interest

• Unauthorized or fraudulent charges

• Fees of any kind, including an annual fee

How to redeem credit card rewards

There's no shortage in ways to redeem your credit card points. Here are some of the most common options:

• Statement credit: A reduction or credit applied directly to your credit card balance.

• Direct transfer to your bank: Transfer your rewards' cash value directly into your linked bank account.

• A check: A paper instrument issued by the credit card company representing the cash value of your rewards, which you can deposit or cash.

• Gift cards: Preloaded cards that can be used for purchases at specific retailers or a group of retailers.

• Tickets to events: Passes for events like concerts or sports games.

• Charitable donations: Using rewards to make a monetary contribution to a nonprofit organization or cause.

• Travel upgrades: Using points or rewards to enhance travel experiences, such as upgrading a flight seat or getting a room upgrade in a hotel.

• Airline miles: Rewards that can be redeemed for flight tickets or discounts with specific airlines.

• Hotel stays: Points or rewards that can be used to book accommodations in participating hotels.

• Annual fee waivers: Using accumulated rewards to offset or cover the yearly fee associated with a credit card.