Home Loan Intrest Rates Can You Soak It Up

OK on the 3rd of March the RBA put up interest rates by 0.25%. This leads to interesting questions. What does that mean for me? How much extra will it cost me? How can you accommodate for the extra payments in your household budget?

Well let’s look at it from 5 different home loan debt amounts.
On a $100,000 loan, your minimum repayments over 25 years will go up around $15.37 per month.
On a $200,000 loan, your minimum repayments will go up around $30.74 per month.
On a $300,000 loan, your minimum repayments will go up around $46.11 per month.
On a $400,000 loan, your minimum repayments will go up around $61.47 per month.
On a $500,000 loan, your minimum repayments will go up around $76.84 per month.

So there is no use complaining about the interest rate rise. We just need to deal with it in the best way possible. And the best way possible is to have a tight monthly home budget.

OK for the $100,000 loan and the $15.37 per month. Being the smallest rise this will be the easiest to digest. There are many different ways to include this in your monthly budget. Some quick ones off the top of my head include:

Giving up your morning coffee.

Stop buying bottled water.

Learn how to conserve energy in your household so you save $5 a month on electricity, gas and water.

Slow down when you drive your car. Stop being a lead foot.

Use petrol vouchers. They might add up to 3 or 4 dollars a month in savings towards the $15.

For the $200,000 home loan and the increase of $30. Some more drastic steps might be needed to make this payment.

Cancel your monthly or weekly lotto ticket. You’re never going to win anyway (Sorry!)

Avoid friends and social situations that cost money.

Start using refill ink in your home computer.

Cancel any magazine subscriptions.

Stop getting the daily newspaper. Read your information on the internet.

Find a cheaper hairdresser for your family. Just a $5 saving per member soon adds up.

For the $300,000 home loan and the increase of $46.

Stop buying that carton of beer. It’s good for your wallet and good for your health.

Cancel the gym membership. Start running in the park or at the beach.

Cut out the smokes.

Find someone at work to car pool with.

Stop going to the movies. Stay at home and enjoy DVDs at 20% of the cost.

For the $400,000 home loan and the increase of $61.

One night a month spend in watching TV, instead of going out to a restaurant

Any products you purchase over the value of $50 make sure you price match in other stores so that you get the best price.

Cancel your pay TV for good.

Get rid of your home phone and start รถยนต์มือสองเชียงใหม่ using mobile phones only (get a good cap plan – and use wisely).

Give up sports or hobbies that cost you money.

For the $500,000 home loan and the increase of $77.

Any of the above suggestions.

Get rid of the 2nd family car.

Cut down on gifts for other people. Don’t cut them out; just cut down on how much you spend on people outside of your household.

Sell an interest free product. For example if you are paying $80 each month for a plasma screen TV that you purchased interest free. Sell the TV. Pay out the interest free loan. Now you have a free $80 to use to pay off your home loan.

Stop giving to charity. It’s nice to give to charity each month. However desperate times call for desperate actions.

And last but not least. And this is a strange one. Stop saving for a rainy day. The number of people emailing me who are behind in their house payments yet still save $50, $100 or above a week to put into savings. Yes, we all must save. But not at the expense of paying debts and keeping the banks off our backs. Give up savings for a little while then when you can resume put some into your savings.

Basketball Goals – Different Types and Styles

There are several models of fixed height basketball hoops for playgrounds on the market. You want to get something that will be very durable, since it will need to last for a considerable amount of time and there will be a lot of people using it. You’ll also want to consider the location and age of your players. Here are some examples of high quality basketball hoops you might want to consider:

When you want a large, very rigid basketball hoop system for a playground, the Tyrant is worth considering. This system has a very impressive galvanized post measuring 6 5/8″ in diameter with a 72″ overhang. The Tyrant is rightly considered the leading playground basketball system in the United States.

The Tyrant’s backboard is easy to  basketball legends install, due to the nose cone that is incorporated into the design. The need for lifting the backboard is minimized when this indestructible fixed height basketball hoop is being installed. As an added safety feature, backboard and pole padding is available for the Tyrant system.

Another option when it comes to fixed height basketball hoops for playgrounds is the RuffNeck. This model provides users with an exceptional level of durability and an affordable price. It is constructed from 4 1/2″ galvanized schedule 40 tubing. With the RuffNeck, the basketball rim can be mounted through the backboard and into the post. This technique eliminates stress on the backboard. Two tubular braces are attached to the neck of the post, and a nose cone is provided to help with the installation. Several different kinds of backboards and rims are compatible with the RuffNeck fixed basketball hoop system.

In some situations, you want to have a sturdy basketball hoop system that has some added flexibility. The Renegade is the model you should be considering in that case. The Renegade’s pole is constructed from 4 1/2″ O.D. galvanized schedule 40 tubing. It needs to be buried 48″ into the concrete of the playground. To seal out moisture, a vinyl cap has been provided. Choose the style of rim and backboard you would like to customize the Renegade package to suit your needs.

The Legend is another good choice when you are looking for fixed height basketball hoops for playgrounds. This very durable unit is constructed from 6″ x 6″, 3/16″ thick steel tubing and is designed to take the punishment from even the most rugged playgrounds. You do have the option of changing the height of the basketball rim by loosening the bolts from the extension arm and repositioning it at another spot on the post. Several backboards and rims are compatible with the Legend, so you can get the right combination for the skill level of the players involved and their ages.

There are a number of different fixed height basketball hoops for playgrounds available. You can get a unit that will be very durable and at a price that makes good budget sense. Buying a good quality product means that it will last for a number of years.