Everyone has been asked, “What would you do if you won the lottery?” According to the PowerBall website, the odds of winning the jackpot are one in more than 175 million, so most answers will, sadly, remain hypothetical. But what would you do with $549? That’s a question New Jersey residents looking to buy or refinance a home can answer and follow through with, thanks to NVE’s $549 Cash Back at Closing* offer. Feel free to come up with your own ideas, but here are eight things we came up with.
For Your Home
Put Down Roots – Planting trees contributes to a home’s curb appeal, and according to This Old House, planting deciduous trees can provide shade that helps reduce cooling costs. Expect to spend around $35-$50 per tree.
Heat Things Up – One of the best things about a backyard is enjoying it with family. With $549, you can buy a stainless steel grill or build a fire pit. This grill can be purchased for $469 and this DIY Fire Pit Kit can be purchased for $549.
Throw a Housewarming Party – Want to show off your home, but scared of the price? Here are four ways to keep you on budget:
• Design and print your own invitations. Better yet, send an evite — it won’t cost a penny!
• Remember, the main attraction is your house! Keep decorations simple. If you have done renovations, consider posting “before” pictures in various locations so your guests can see the progress.
• Make it a potluck! Ask your guests to bring their favorite dish or beverage. This not only takes pressure off of you to provide food for everyone, but it can be a great conversation- starter.
Update Your Wardrobe – Empty out your closet — which may be filled with clothes from the late 90s — and refill it with new styles. You can donate your old clothes to charity, which is not just a nice thing to do, but also a tax deduction!
Get in Shape – New Jersey is filled with great gyms; however, memberships can get expensive. Discount sites like Groupon and LivingSocial are a great resource for finding affordable fitness classes near you. For $549, you could treat yourself to a few months of fitness classes such as yoga, Zumba, kickboxing, boot camps and more! Here are some current Sports & Fitness deals in Bergen County and surrounding areas from LivingSocial and Groupon.
Get Away – Sites like Hotwire list “deals” on hotels and airfare. A four-night trip from New Jersey to Orlando including flight and hotel was recently listed at $529!
For Your Future
Save for Education – It’s never too soon to start saving for college. According to the New Jersey Association of Colleges and Universities, the Garden State has the fourth highest average cost of tuition and fees for residents who attend four-year public colleges and universities as full-time undergraduates. With $549, you can open a Coverdell Education Savings Account (ESA) and an ESA Certificate of Deposit (CD). You should contact a tax advisor to determine eligibility and tax deductibility.
Plan for Retirement – Ask your bank about a Roth Individual Retirement Account (IRA). Qualifying account holders will enjoy tax-free income in retirement. It’s a good idea to consult with a financial expert, who can help you develop a financial plan that allows you to truly enjoy your golden years.
*Limited time offer. May be withdrawn at any time and is not valid with any other offer. Restrictions may apply. Subject to credit approval. Does not apply to Adjustable Rate Mortgages, Home Equity Loans or Lines of Credit.