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How to save enough money for a down payment on a home

How to save enough money for a down payment on a home

Finance
Money guide for MillennialsSaving up a down payment to buy your first house can seem a pretty daunting task. If you've never had more than a few thousand dollars in the bank at any given time, then setting aside five figures or more may seem impossible. However, getting a down payment together is not as difficult as you may think -- if you go about it the right way. Figure out how much house you can afford The first step in saving up your down payment is to pin down the amount you can responsibly spend on a house. Lenders will typically limit your mortgage amount so that your monthly housing payments (including property taxes and insurance) will not exceed 28% of your pre-tax monthly income. But if your income is a bit iffy -- for example, if your pay fluctuates seasonally or you work in ...
How to decide when to get travel insurance

How to decide when to get travel insurance

Finance
There are plenty of what ifs that could derail your travel plans. But does it necessarily follow that you need travel insurance?Nervous travelers have had plenty of real-world examples this summer, from a power outage in the Outer Banks off North Carolina that forced the evacuation of an estimated 50,000 visitors and prevented the arrival of many more, to Tropical Storm Cindy, which affected travel in five states. Last week, the National Oceanic and Atmospheric Administration raised its tropical storm and hurricane forecast, noting this year could be "extremely active."More travelers are opting in for coverage. Last year, 42.6 million travelers purchased more than 32.3 million travel insurance plans, according to the U.S. Travel Insurance Association. Those numbers are up 23.7 percent and ...
Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next?

Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next?

Finance
Hasbro (NASDAQ: HAS) is 0-for-2 when it comes to buying big movie studios. Reuters recently revealed that the toy maker was in talks to buy Lions Gate Entertainment (NYSE: LGF-A) (NYSE: LGF-B) , but the deal apparently fell apart over price. Similar to Hasbro's failed attempt to acquire DreamWorks Animation in 2014, which also went nowhere because of price, it shows the toy maker is serious about breaking into Hollywood.Making toys is OK, but the real money is in movies, which can lead to higher toy sales. Owning a studio outright cuts out the middleman and allows Hasbro to keep more of the profits for itself. Still, it's a strategy fraught with risk and one Hasbro hasn't shown itself particularly adept at outside of the Transformers franchise, but since th...
Airport profits: ready to depart

Airport profits: ready to depart

Finance
WHEN Heathrow airport opened, in 1946, the only retail facilities were a bar with chintz armchairs and a small newsagent’s. The first terminal was a tent, a far cry from the four halls, resembling vast shopping malls, at the London airport today. Retail spending per passenger is the highest of any airport. This summer’s consumer crazes include Harry Potter wands and cactus-shaped lilos.Heathrow’s journey from waiting room to retail paradise is the story of many airports. Before the 1980s, most income came from airlines’ landing and passenger-handling charges. Then “non-aeronautical” revenue—from shops, airport parking, car rental and so on—rose to around two-fifths of their revenues, of $ 152bn worldwide in 2015. But amid signs that non-aeronautical income is peaking, especially in mature
Unexpected back-to-school expenses can easily add up this fall

Unexpected back-to-school expenses can easily add up this fall

Finance
Watch out, parents: Back-to-school season can easily put a four-figure dent in your budget.Parents of high school students can expect to pay an average $ 1,489 per child for school supplies and activity fees, according to the annual Huntington Bank Backpack Index. That's a drop of $ 9, or less than 1 percent, from 2016. Parents of elementary-school students can expect to pay an average $ 662 per child, up 1 percent from last year. Middle-school students' parents will fork over $ 1,001, a 4.6 percent increase. Some parents expect to shell out even more. One in 5 parents said they plan to spend more than $ 2,000 per child in back-to-school shopping, according to a new Capital One survey. Teen boys and girls said the most important items to have when returning to school are new clothes and ne...