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Why You May Not Want To Install A Pool This Summer

June 21, 2016 By MelissaB Leave a Comment

What better way is there to beat the heat than to take a nice, refreshing dip in a pool.  Ah.  It doesn’t get better than that.  But if you have kids, you may find paying a fee to use the local pool and carting the kids to the pool a bit of a pain, especially when they get back in the car to go home dripping wet.

Perhaps you’ve toyed with the idea of installing a pool at your house.  You may think that the kids would enjoy it, they could have friends over, you could use it for exercise, and it will increase your property value because who doesn’t want a pool at home, right?

Slow down and rethink that decision.

Here’s why you shouldn’t install a pool at home:

install a pool this summer
You may not want to install a pool this summer.

Pools are expensive.  There’s the initial expensive of putting in the pool, which is quite a hefty sum.  “PK Data reports that the average cost of a residential in-ground swimming pool was $39,084. . .” (Money).  Depending on where you live, you’ll also need to pay for a fence around the pool as well as a lock.  There may also be additional home insurance costs since a pool is a liability.  But, of course, the expenses don’t stop there.  There is the cost of maintaining the pool, the chemicals to treat the pool, the expense of opening and closing the pool yearly.  You’ll also likely see a spike in your utilities thanks to the pump and heater.

The neighborhood kids may not hang out at your house.  Many parents of teens want a pool because they think that their child will invite his friends over.  While that may be true, often teens want to hang out at the community pool or the beach where there are more teens.

Your kids may tire of the pool.  While your children may initially enjoy the pool and spend hours swimming and playing in it, like almost everything, their attention may wane.  It’s not unusual for kids to hardly swim in the pool once they’ve had it for several years.

Other neighbors may visit frequently.  You may also find yourself getting unwanted neighborly visits.  My cousin’s friend, Renee, had a pool, and almost every day a neighbor boy and his mom would stop by asking if they could swim.  Never mind that Renee had no children herself.  Every day she was placed in the uncomfortable position of either denying them or playing reluctant host to uninvited guests.

It likely won’t add any value to your home.  One reason some people get a pool is that they figure the investment will pay for itself when they sell the house.  Unfortunately, that’s often not the case.  “Sabine H. Schoenberg, a home improvement expert and founder of SabinesHome.com” states, “It’s not something that’s value-enhancing to a lot of people.  Just as there are people with positive feeling towards pools, there are those with negative feelings” (Money).

It can be expensive to fill in.  If you reach the time where you want to fill in the pool, you could be looking at $8,000 or more!

When we were in the market for a house, we looked at one that had a pool.  However, after researching all of the costs, I’m so glad we decided to get a house without a pool!

Which do you prefer?  A house with or without a pool?  Are you considering adding a pool to your backyard?

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: Home, ShareMe Tagged With: install pool, pool

To Grow Wealthy, Stay Where You Are

May 27, 2016 By MelissaB 1 Comment

When I was little, I devoured the Little House on the Prairie series. I felt bad then for Ma and Pa. I felt bad for the way they struggled financially, facing setback after setback. I felt bad that they always had to move just as soon as they were settled.

But then I read the books again as an adult. Then I read them one more time to my daughters. Now I realize, as much as Pa was a loving father, he was responsible for a lot of his family’s financial hardships.

Life in Wisconsin was good for them. But once Pa got the itch to go west, his family never had a stable environment. They never got more than a few years into getting settled and making a life for themselves before they moved again.

Does Moving Now Cause the Same Financial Difficulties?

Grow Wealthy
Grow Wealthy by Staying Put?

Most people would argue that life was different then, and moving around now doesn’t cause as much financial hardship, but as someone who recently completed a 2,000-mile move, I would disagree.

My husband and I had lived in Chicago for 14 years before we made the move last July to Tucson, Arizona. We went for my husband’s work and because the move would give us a lower cost of living and a pay raise for my husband. On paper, everything looked good.

We foolishly thought we’d stay for two to four years. Now, I’m not sure we should move so soon if we want to prosper financially.

Even though my husband’s employer paid for the move, we still had many expenses like setting up the utilities and paying deposits on them, buying a few new pieces of furniture, etc.

Breaking Even and Getting Ahead Takes Years

We bought a house when we moved here, knowing that we weren’t sure how long we’d stay. We’ve had our mortgage for 15 months now, and in that time, we’ve paid down $4,300 on principal. Our home has increased just $1,100 in value during that time. That gives us a cushion of about $5,400, but I’m guessing if we were to sell our house next year (which would be two years that we’ve lived here), we’d be losing money thanks to realtor fees.

We’ve also just reached the point where we’ve started to discover ways to save money in our new city. Now I know where the cheapest places are to buy groceries, secondhand clothes, etc. Our first few months here we spent much more than we normally do on groceries because I didn’t know which stores offered the best deals.

We also have finally found decent doctors and dentists. Our first few months here, we found out my daughter need 6(!) cavities filled. We had to go to four different dentists before we found one that we liked and could trust. All of those different visits cost us a little less than $200 out of pocket, and that was before her cavities were even filled.

Of course, I’m not saying never to move. In our case, the decrease in cost of living and my husband’s raise made it possible for us to own a house, which we couldn’t afford to do during our 14 years living in Chicago. However, the whole story isn’t just on paper.  When you move, there are many incidentals that add up. Moving repeatedly can cause you to struggle financially.

It’s no surprise to me that the only time in life when Pa and Ma flourished financially was after Ma put her foot down and refused to move from DeSmet, North Dakota. Without the constant moves, they could finally get established and become comfortable financially.

How often do you move? Do you agree that frequent moves are detrimental to your finances?

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: Frugality, Home, Married Money, Saving, ShareMe Tagged With: Frugality, Home, married money, moving, Saving, wealth

5 Reasons Why You Should Declutter Your Home Once a Year

March 2, 2016 By MelissaB 3 Comments

When we moved from Chicago to Tucson 18 months ago, packing was a nightmare.  We hadn’t had a good decluttering session in nearly 3.5 years, since our last move, which was local.  We spent weeks, yes, literally weeks, giving away and selling junk that we just didn’t use anymore before we could even start packing our possessions.

When we moved to Tucson, I vowed to keep on top of the clutter and the household messes.  However, when we prepared to go on vacation recently and knew that our tidy neighbors would be coming in and out of our house for two weeks to cat sit, we realized we had a problem.  The clutter, and the messes, had returned since the move.

I spent several weeks decluttering again.  Several bags of items went to the local kids’ resale shop; several boxes went in the garage earmarked for a garage sale later this year, and a lot of crap just got tossed in the garbage.

Now that we’re decluttered once again, I can’t believe how much better I feel.  From here on out, we’re decluttering once a year.  Here’s why:

Make Additional Money

I made nearly $100 at the kids’ resale shop.  I opted for store credit to get 30% more money.  I’ll use that over the next few months to get my kids clothes and birthday presents.  (Yep, the store sells NEW toys at a fraction of retail.)

I also made another $150 selling items on eBay.

We haven’t had our garage sale yet, but based on what we have to sell, I think we’ll easily make at least another $100.

Sure, these amounts aren’t going to even buy us a month’s worth of groceries, but we now have several hundred more dollars than we had a few short weeks ago, AND our house is much tidier.

5 reasons to declutter your house
<small>Original IMG credit: <a href="https://flic.kr/p/9bUbH3">Dafne Cholet</a> on Flickr.</small>

Save Money

There were several items like my son’s arm shield for archery, our headphones for the computer, to name a few, that we were planning to replace because we couldn’t find them.  Surprise, surprise, once we decluttered and cleaned up, we found these and many more things.  We saved ourselves from buying duplicates.  These small savings add up!

Kids Outgrow Things

Kids grow. . .A LOT!  Pants that fit last winter may be two inches too short this winter. Games that they loved to play with last summer may be too babyish this summer. Why keep all these relics of previous phases of childhood? Clear them out so you have more room. If you have an enormous amount of stuff in your house that you know will never get touched again, then searching for “rolloffs in my area” to help get it all gone can prove to be a very shrewd choice, as it will save you plenty of going back and forth with trips to the dump.

More Satisfaction With Being At Home

My youngest two children and I had a particularly painful decluttering session when we tackled all the papers, toys, and little pieces that were littering the floor in front of their toy area.  But how much better we all felt when we could see clean, empty floor in front of the toy shelves.  In fact, my children started playing immediately in that space and had a great time.

I notice now that the master bedroom is cleaner, I feel lighter and happier when I walk into the suddenly much more open space.

It’s Easier To Maintain Your Home

We hope to stay in our home for many years, but the reality is that my husband may not have a job here in another year or two.  Until he secures a permanent position, we feel like our home is ours temporarily, so it’s important to keep up a maintenance and cleaning routine in case we have to put it on the market some time.  Having a clutter free home makes this much easier.

What benefits do you get from a less cluttered home?

 

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: Consumerism, Home, ShareMe Tagged With: declutter, Home

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