Guided Response: Review several of your classmates posts. Respond to at least two classmates by sharing what you found most interesting and relevant about their articles. What additional points would you add from your own insights and experience? What else did you pick up through a brief review of their article?

Please help with response development for the below posted.

The first article I have chosen is called 4 Money Tips for New Homeowners. The reason this financial article stuck out to me is because we have been tossing around the idea of buying a home, however, figuring out our financial situation has been difficult since I will soon be unemployed from separating the military. The 4 tips were:

1. Create a new budget

2. Prepare to spend money on repairs and maintenance

3. Expect your property taxes to go up

4. Dont get caught off guard when pig payments come due

I learned a few things. Creating a new budget means that you will have to look at the cost of living in that new house in regards to electricity usage, the lack of or maintaining a lawn, and of course the difference in monthly mortgage vs. the rent you were paying at your house before buying a house. Money for repairs is important because as a homeowner, you cant just call your landlord anymore because youre your landlord. Most homeowners spend 1% to 4% of their homes' value each year on repairs and maintenance (Backman, 2016). This is huge! Not everyone thinks about this before buying a house and checking their finances. When the housing market fluctuates, so do the property taxes. Add some wiggle room into your finances for this as well. A big payment such as property taxes is also something you have to be financially prepared for. The average U.S. household spends $2,127 on property taxes each year, but in many states, that number is much higher. Take New Jersey, for example, whose average annual property taxes exceed $7,000 and, in some counties, can easily top the $15,000 mark (Backman). Basically, dont buy a house in New Jersey.

If talking to my coworker, the three most important things I would mention would be to create a new budget, ensure you wont be living paycheck-to-paycheck because there will be expenses such as repairs and property tax fees, and to not buy a house in New Jersey. The knowledge I learned will help me in my career because no matter what, I will always need to be creating a new budget if there are changes in my lifestyle. Ill need to know these things because if I own my own business and buy land to build an office, Ill need to know how to budget for the company.

The second article I have chosen is US Stocks Fall to July Low as Election Anxiety Rises Amid Fed. With the election next week, its important for stockholders to watch the stock market. Pacing the equity declines, Pfitzer Inc. sank the most in three months as its quarterly profit fell short of estimates, while Apple Inc. slipped to a seven-week low to weigh on technology shares, amid signs of softness in demand in China for the iPhone 7 (Ciolli, 2016). This is a big drop in stocks for these two big companies and is partially why people are getting nervous and stressed. Ten of 11 main industries in the S&P 500 fell Tuesday, with real estate and utility stocks leading losses with declines of at least 1.7 percent (Ciolli). These arent the best numbers for the stock market and hopefully when the elections are over, the market will jump into the green once again.

If talking to my coworker, three things I would mention would be how important it is to actually watch/eyeball your stocks, the importance of the stock market effecting other things such as gas prices, and how electing a President for our company effects your stocks. The knowledge I learned will help me in my future businesses because as a business owner, stocks are an important investment and if I have any, Ill want to know how to monitor them as well as know which ones to steer clear from. When a crisis happens, this will effect the stock market and I wouldnt want to put all my money into this market for this simple reason.