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Planning for Winter Expenses Pays Off

(NewsUSA) - Winter is coming. And so are winter expenses. Planning ahead for inevitable winter expenses, from holiday shopping to home winterization, can save you time and stress as well as money. And it can leave you with a robust nest egg when spring arrives.

Unlike holiday decorations, it’s never too early, or too late, to budget for winter expenses, says Rod Meloni, a CERTIFIED FINANCIAL PLANNERTM professional.

Setting aside funds for winter expenses can help you avoid overspending and make sure that you are covered in case of an emergency, says Meloni. For example, setting aside money in advance for contractors to inspect a furnace or clean gutters means you won’t feel pinched when the cold weather kicks in.

Taking smart steps to winterize your home now can save you money later. Some strategies are simple and free; some are more costly and complicated, but a CERTIFIED FINANCIAL PLANNERTM professional can offer help to develop a budget or fit these expenses into your budget.

Consider inside and outside factors for winterizing your home.

Outside, be sure to turn off external spigots to avoid bursting pipes, and put away hoses and sprinklers. Swap screens for storm doors and windows that allow your home to heat more efficiently. Don’t forget to clean the gutters — a buildup of leaves can keep water from draining and allow ice to accumulate and potentially leak into your home.

Inside, schedule an annual inspection for your furnace, and check for insulation of water pipes. Check areas around the attic, windowsills, and electrical outlets for air leaks, and fill them with insulation as needed.

Avoid the heating bill blues by incorporating some money-saving ideas into your winter plans. Installing a programmable thermostat lets you set temperatures lower at times of day when you aren’t home, or when you are on vacation. If your budget permits, check out investing in alternative heating systems such as pellet stoves or solar heat, which can pay off in savings if you plan to stay in your current home long-term.

Make sure your insurance is ready for winter, too. A CFP® professional can help you review homeowners insurance and determine whether you need to increase your coverage.

Also, be aware that winter can bring a catch-all of potentially unexpected expenses, from the need for snow tires or shovels to backup child care in case of a snow day or winter illness. Setting aside an emergency fund for winter expenses gives you a sense of security, and if you don’t need the funds this year, roll them over to next winter.

Every season involves expenses that should be incorporated into your financial plans. A CFP® professional can help you think through these considerations and build a comprehensive plan that keeps you on track to achieve your goals, no matter the season.


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Featured Artist Jeanette Harris

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Jeanette Harris is the scintillating saxtress of smooth jazz. This lady understands that energetic and captivating performances matched with uplifting and inspiring vibrations in the music are the solid platinum recipe for success. Fans already recognize her for her wonderful cover of Stevie Wonder’s “All I Do,” which hit Billboard’s smooth jazz singles chart from her previous album, Saxified. Classically trained in both sax and piano, a graduate of Boston’s famed Berklee College of Music, and the saxophonist for the late, great Teena Marie’s final year of touring, Jeanette has weathered the fiercest challenges to bring the world her own brand of soulful healing vibes. That baptism awaits in her fourth CD, Summer Rain, on which Jeanette had a hand in writing all of the selections except her lovely cover of the Luther Vandross classic “Here and Now.” Its 11 sunny songs wrap the listener in the glow of fun love grooves and sweet romance.
 

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ATLANTA
 

Suite Food Lounge

375 Luckie Street

Atlanta, GA 30313

The St. James Live Club 

3220 Butner Road

Atlanta, GA 30331

 

LOS ANGELES

 

Catalina Jazz Club

6725 West Sunset Blvd

Hollywood, CA 90028

 

OAKLAND

 

Yoshi's

510 Embarcadero West

Oakland, CA 94607

 

SAN DIEGO

 

Humphreys

2241 Shelter Island Drive

San Diego, CA 92106

 

 

CHICAGO

 

Green Mill Cocktail Lounge

4802 W. Broadway Avenue

Chicago, IL 60640

WASHINGTON DC

 

Blues Alley

1073 Wisconsin Avenue, NW

Washington DC 20007

 

NEW YORK

 

Blue Note Jazz Club

131 W. 3rd Street

New York, NY 10012

 

Alpharetta, GA