Saving for a new home starts with managing your finances in your everyday spending. When it comes to saving for big purchases, even the smallest expenses throughout your week can quickly add up and make a difference for your budget. If you are in the process of planning for your next big move, consider these three easy steps to help you save for your new home in the future. (more…)
Posts Tagged ‘ Budget ’
You are offered a new job and have decided to sell your current house on the residential sales market and find a new home a few counties over. Great! You have a plan. But what are you going to do first: buy it or sell it? There are two different options you can start with when planning a move. But which one is better? Well, let’s talk about both of them! (more…)
The New Year is about new beginnings. Sometimes this is good. Sometimes this is troublesome, especially when you aren’t prepared. As the calendar flips to 2015, homeowners associations are met with new challenges, specifically budgeting for the New Year. What takes priority? Where do you even start?
First and foremost, remember that the budgeting process is a marathon, not a sprint. You don’t gain extra points by rushing to the finish. In fact, it is far better to be meticulous and ensure you have all of your bases covered. This means research, research, and more research. As they say, knowledge is power. And the more digging (research) you do into past finances, the more knowledge you gain, the easier and more accurate the budgeting process will be.
Of course, no one said you had to do it all on your own.
How Association Management Can Help You Budget for 2015
Budgeting for a homeowners association isn’t an easy task, especially when you consider that most of the officers responsible are little more than volunteers. They are homeowners who are volunteering their time to help make their neighborhood the best it can possibly be. Unfortunately, while this is very admirable, it doesn’t always mean these associations are staffed by the most qualified individuals (is there a doctor financial advisor in the house?). This is why many HOAs turn to professional association management firms, like Clagett Management. Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections that allow us to easily budget for the coming year and track expenses throughout 2015, which will make budgeting for 2016 even easier. We are also a member of the Community Association Institute, an organization for management professionals, making us uniquely qualified to serve your homeowners association’s needs.
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Hiring an association management company can mean the difference between the success and failure of your HOA, especially in larger communities.