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Holiday Spending: Don't let it wipe you out.

The holiday season means entertaining guests, big meals, decorating and of course, gift buying.

Stores definitely play their part offering deals and discounts to attract everyone to their stores; all to get you to spend money you don’t intend to spend.

Despite the urge plan ahead and stick to a budget so you’re not still paying for this Christmas next Christmas. Here are a few tips to keep you on track:

1.) Leave the plastic at home

Resist the urge to use your credit card for purchases. It is more difficult to keep track of what you spent and that line of credit will only intensify your urge to buy, buy, buy. The worst part: the interest you will be paying on that purchase long after that present is unwrapped, used and pushed to the back of the closet. 

2.) Budget

New District measure requires six-months of mediation before foreclosure.

The District Council recently passed a measure that requires that mortgage lenders work with homeowners for six months through mediation before they will be able to foreclose on a home in the District. Mediation allows the borrower and the lender to negotiate with the guidance of a neutral third party possible alternatives to foreclosure.

What this means for struggling homeowners is that they now have an opportunity to work with their lender and possibly save their homes from the auction block. This is especially helpful in the District since there isn't a requirement that courts review foreclosure cases. In the District alone, there are more than 3,000 homes in the foreclosure process.

Briar Patch Donates Rooms for Veteran's Day

Reprinted with permission from Ashburn Patch -- Briar Patch Bed & Breakfast Inn in scenic Middleburg plans to offer free rooms to veterans as part of a nationwide promotion this week to honor those who have served our country.

B&Bs and inns across the country are providing free rooms on Wednesday, Nov. 10, in observance of Veterans Day on Nov. 11 to honor servicemen and women now serving or who have previously served time with one of the country's military forces.

Two B&B owners started the program in 2009. Both were members of the West Virginia B&B Association and this year the veteran program has expanded to include 49 states, 8 international locations and more than 850 Inns.

Three Leesburg Restaurants Featured in Northern Virginia Magazine’s 50 Best Restaurants 2010

 

From the Town of Leesburg – In the November 2010 issue of Northern Virginia Magazine, three Leesburg restaurants are featured in the magazine’s annual list of the area’s 50 Best Restaurants.  All three restaurants—Lightfoot Restaurant, Tuscarora Mill, and The Wine Kitchen—are also recognized as “Destination Restaurants” by Visit Loudoun (www.visitloudoun.org).  

“Northern Virginia Magazine’s recognition of these remarkable Leesburg restaurants accurately showcases the growing culinary arts culture in Leesburg,” commented Ara Bagdasarian, chair of Leesburg’s Economic Development Commission.

BJ'S Wholesale Club Opens in Falls Church

The following was sent to us by Shauna Gallagher of BJ's:

Falls Church, VA – BJ’s Wholesale Club announced the opening of its newest Virginia location at 6607 Wilson Boulevard in Falls Church. The more than 85,000 square-foot club offers significant savings on groceries and general merchandise including premium consumer electronics and brand-name appliances.

“BJ’s is excited to open in Falls Church, and we look forward to serving this community,” said Joe Garrett, general manager of BJ’s Wholesale Club in Falls Church.  “Area residents now have an even more convenient location to purchase everything they need from groceries to general merchandise all in one stop.”    

With a focus on serving individual consumers and families, BJ’s Wholesale Club places greater emphasis on satisfying consumer demands for value, selection, brands and convenience:

The Halt to Foreclosures will have an impact to DC area homeowners

Recently, there has been a halt to foreclosures on homes where the mortgages have fallen into default. The onus has been put on the lenders to prove that they have the right to foreclose. Judges have started dismissing foreclosure actions against homeowners as it has become clear that the banks do not have clear title or standing to foreclose.

What this means to struggling homeowners is that they now have an opportunity to challenge banks that may not have been helpful in the loan modification process. Very few homes have been successfully modified under the HAMP program and the blame for this is being laid right at the banks front door. From the entire modification process being characterized as unhelpful to downright deceptive, this moratorium on foreclosing will give homeowners a chance to negotiate favorable terms with their lenders.

Detours & OnRamps: An Oct. 25th Forum On The Issues Facing Mothers In The Workplace

DETOURS AND ONRAMPS CONFERENCE OFFERS INSPIRATION AND NEXT STEPS

A resource for work-life balance, career restarting, and entrepreneurship.