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Apache is functioning normally

May 29, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

A $25 face mask may be cheap enough to make it onto a magazine’s “bargain” beauty buys list, but there are less expensive and more effective head-to-toe pampering products to be had in your fridge and pantry.

Even professional aestheticians and stylists turn to household staples like lemons, baking soda or yogurt when it’s time to clear skin of acne, soften rough patches or keep teeth sparkling. “What better way to achieve a natural glow, then from natural products?” asks Lily Morgan, the founder of Lily Organics Fresh Skin Care.

Post your own tips below, and try these beauty uses for common household goods:

Avocado

* Scott-Vincent Borba, the author of “Skintervention: The Personalized Solution for Healthier, Younger and Flawless Looking Skin,” suggests mashing an avocado with the oil from one vitamin E soft gel, a dash of cayenne pepper and a tablespoon of honey. Apply the anti-aging mask in a thick coat all over face and neck for 20 to 30 minutes. Rinse with damp washcloth.

* Gently rub the inside of an avocado peel on your face, says Morgan. Leave the residue on for about 20 minutes for a moisturizing mask.

Baking soda

* Pour a quarter-cup of baking soda in a cold bath to relieve sunburn, Morgan says.

* Jan Patterson, a nurse in Cotati, Calif., makes homemade toothpaste with the contents of two Myrrh capsules, a quarter-cup baking soda, two lid-fuls of hydrogen peroxide and mint or another flavor extract to taste. Mix until fluffy, and then store in a covered container.

* Make a firming mask from a beaten egg and a tablespoon of baking soda, Borba says. Brush mixture onto face and let dry for eight minutes, and then gently wash off with warm water. “Egg yolks are high in skin-nourishing vitamins A, D, and E as well as firming protein,” he says. “Baking soda will tighten and kill bacteria.”

* Mix a tablespoon each of baking soda and raw sugar for a pore-opening scrub, Borba says. Rub gently onto your face, and leave until your skin begins to tingle, at least 30 seconds but no longer than five minutes. Rinse off with warm water.

Coffee

Brunettes can give their hair color a lift with coffee, says Sheri D. of Sé Mō Hair. Make a strong pot of black coffee, then let cool. Shampoo your hair, and then pour the warm coffee on. Work it through and leave in for 10 to 15 minutes. Rinse with cool water, condition and style as usual.

Cucumbers

A true DIY spa treatment: place slices on eyes to de-puff and lighten dark circles, says Sucheta Rawal of “Go, Eat, Give.”

Eggs

To remove hard-water deposits from hair and add shine, Sheri D. uses an egg-oil mix. Separate one egg, and pour an ounce of olive oil over the yolk. Mix. Shampoo your hair, and then pour the egg mixture into your hair, using a large-tooth comb to help distribute it. Leave on for five to 10 minutes. Shampoo your hair again, condition, rinse and style as usual.

Honey

Use a mix of honey and milk as a cleanser to ease acne-prone skin, Morgan says.

Lemons

* Applying diluted lemon juice to acne-prone skin can help. Morgan says it can act as an antiseptic.

* “Cut a lemon in half and rub the open part on your heels to remove stains,” says Judy Woodward Bates, The Bargainomics Lady.

* To add oomph to light-colored hair, Sheri D. suggests making a strong pitcher of lemonade – water and lemon only, no sugar or honey. Shampoo your hair, and then pour the lemonade on. Work it through and leave in for 10 to 15 minutes. Rinse with cool water, condition and style as usual.

Oatmeal

* Fill a mesh bag full of dry oatmeal, Morgan says. Rub your face with the bag for a gentle exfoliation.

* For Borba’s clarifying mask, stir together a cup of lukewarm water, a tablespoon of honey, a tablespoon of chocolate syrup and a cup of oatmeal. Apply the mix to face for 15 minutes. “Lightly scrub the mask off is circular motion to ‘buff’ away dead surface skin cells,” he says.

* To ease sunburn, Morgan recommends applying a compress of cold skim milk mixed with oatmeal.

Olive oil

* Actress Vida Ghaffari says she uses olive oil as a conditioner. “I have to often get my hair styled and it’s the only thing that conditions my hair in the LA elements,” she says. “I put it in my hair a couple of hours before I wash my hair as sort of a pre-conditioner. It’s a bit oily, so I wear comfy clothes I don’t worry about.”

* Mix a quarter-cup with a cup of vanilla sugar for a body scrub, says Megan Moriarty of Savor: The Food Agency.

Shortening

“Many people don’t know that a very common baking ingredient, Crisco solid, can be used as a moisturizer on very dry heels, elbows, knees, as well as around dry, cuticles,” says Risi-Leanne Baranja of “Palacinka Beauty Blog.” In a thin layer, it can also work well as an overnight facial moisturizer.

Yogurt

* Mix a half cup of plain yogurt with a half-cup cornmeal and a quarter-cup grapefruit juice, says Joanna Vargas, the founder of Joanna Vargas Salon, Skin Care Sanctuary in Manhattan. Cool in the fridge to thicken, and then use as a face scrub.

* For a hydrating mask, Vargas mixes a half-cup of plain yogurt with half an avocado and a quarter-cup honey. Apply with a sea sponge.

Frugal Foodie is a journalist based in New York City who spends her days writing about personal finance and obsessing about what she’ll have for dinner. Chat with her on Twitter through @MintFoodie.

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Apache is functioning normally

May 14, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

Refinancing your mortgage is a great way to save money. As both a real estate investor and homeowner, I’ve refinanced mortgages about ten times in the last ten years. My wife and I are in the process of refinancing our mortgage on our primary residence now, for the second time in 12 months.

Through this process, including one failed attempt at a refi, I’ve learned a lot about how the process works. I’ve learned that it’s easy to mess up a home refinance. So, with that in mind, here are seven ways to wreck your next mortgage refinance.

Failing to Shop Around for the Best Rates

While home mortgage rates typically fall within a tight range from one bank to the next, they can and do vary.  Even a small variance of 25 basis points can have a significant financial impact over the course of a 15 or 30-year mortgage. It’s important to compare mortgage rates before locking in a loan.

Failing to Consider Fees

Costs are a critical component in determining whether it makes sense to refinance a mortgage. In some cases, banks will attempt to make their rates look very attractive by adding in significant costs to the loan. As a result, make sure you keep a close eye on the fees charged for the loan. Fortunately, costs for different loans are easy to compare because banks are required to provide you with a “Good Faith Estimate” that itemizes all of the costs of the loan.

Neglecting Your Credit Score

Your FICO credit score plays a significant role in determining the interest rate you can get. As a general rule, a FICO score in the mid to high 700’s will secure the lowest mortgage rates available, so long as you otherwise qualify for the loan. As your credit score goes down, however, the interest rates can rise significantly.  If your credit is less than stellar, you should considering improving your FICO score before refinancing your mortgage if at all possible.

Acquiring More Credit During the Refinance

I learned this one the hard way. During our current refinance, we applied for and obtained a new credit card. While this did not scuttle our loan application, it required significant documentation about the new card and any balances on the card. In some cases, new credit or debt obtained after you have been approved for the loan could wreck the refinance. Avoid new credit if at all possible, and at a minimum, discuss the issue with your bank or mortgage broker before applying.

Ignoring Your Savings Account

I was surprised by how much money we need to have available for closing. While the fees for our loan are minimal, we are required to bring enough cash for prepaid items (insurance and taxes), as well as interest on the loan from the date of closing to the end of the month. These items can easily add up to several thousand dollars and banks are required to document where you obtained the cash for closing. In our case, they required a copy of our most recent bank statement along with an explanation of the source of any large deposit. As a result, it’s important to maintain sufficient savings to handle the closing costs.

Changing Jobs During the Refinance

Sometimes we have no choice but to change jobs and in some cases, an opportunity comes along that’s too good to pass up.  If you are in the middle of a refinance, keep in mind that a new job will, at a minimum, add a lot of documentation requirements to your loan. If you can hold off until closing, that’s ideal. Otherwise, like taking on new credit, speak to your mortgage broker about the situation.

Yo-yo Refinancing

This is my term for those that refinance their house repeatedly. Having refinanced our house twice in 12 months, one could easily accuse us of committing this sin (a 30-year fixed rate south of 4% was too hard to pass up!). The key to remember, however, is that refinancing back into a 30-year mortgage adds a lot of time and interest to your mortgage. Before you know it, you’ll find yourself at the doorstep of retirement with a hefty mortgage still remaining on your home. One alternative is to refinance into a 15 or 20-year mortgage if you can handle the payments. You can compare the differences between a 15 and 30-year mortgage here.

We stuck with a 30-year mortgage, but my wife has informed me that it’s the last time she is agreeing to a refinance. I sure hope rates don’t go below 3 percent!

This article comes from Rob Berger, the founder of the popular personal finance blog, the Dough Roller, and credit card comparison site, Credit Card Offers IQ.

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