Avoiding Holiday Stress

wE THOUGHT YOU WOULD APPRECIATED READING THESE TIPS AS PUBLISHED BY

Elizabeth Scott, MS from About.com Guide

HOW TO REDUCE HOLIDAY SHOPPING STRESS BY Elizabeth Scott, MS from About.com Guide

Here’s How:
1.      Know Your Budget
Much of the stress of the holiday season comes from feeling pressured to buy bigger and better gifts for those we love, even if this puts us in debt! While we may feel compelled to show how much we love people by showing how much we can spend, our loved ones would probably feel terrible if they knew we put ourselves in debt on their behalf. This year, determine what you can comfortably spend, make a budget4, and stick with it. ‘Thoughtful’ doesn’t have to mean ‘expensive’.
2.      Make A List
List all the people you’d like to buy gifts for, and divide your budget among them in whatever way makes sense to you. Then, next to their names, list what you’d like to get each person. You can use this as a checklist, so you’ll know who you’ve bought gifts for and who still needs a gift, and you’ll be less likely to spend too much on impulse buys, or accidentally buying more than one gift for the same person.
3.      Be Efficient
Try to go to only a few stores. You can look down your list of items and see how many things you can find at the same store, and try to get all of your shopping done at one mall. If you can consolidate all of your shopping into one or two trips, that’s even better. While it’s fun to take long, leisurely days shopping and getting what strikes your fancy, this can add stress to holiday shopping, when you have so many purchases to make in such a limited amount of time. It’s simpler to enjoy the shopping while you’re doing it, get it out of the way, and enjoy doing other things once you’re done.
4.      The Earlier, The Better
People sometimes postpone holiday shopping until the last minute. Don’t. If you shop earlier, you’ll have a better selection of gift ideas to choose from, you won’t get stuck in the last-minute rush at the malls and the post office, and you’ll be able to enjoy being done with your holiday responsibilities so you can just enjoy the season. Earlier is also better when you’re talking about what time of day to shop; shopping in the morning, if at all possible, tends to be a good way to avoid crowds, find displays in better order, and enjoy a less stressed atmosphere.
5.      Consider Shopping Online
While there are some things many people aren’t comfortable buying online, there are many terrific holiday gifts to be found at your computer. Online shopping5 is a fast, simple, and efficient way to get the bulk of your shopping done at once. In addition to saving you the fights over parking spaces and the long waits in lines, in many cases you can have your gifts wrapped and delivered directly to your recipients, saving yourself the trouble of wrapping and the visit to the post office!
Tips:
1.      Buy duplicates. If you find a great gift at a great price, consider getting one for several people on your list, if it fits their tastes. This is a great way to save time and money.
2.      Include gift receipts. Ask for gift receipts at the register, and include them with your gifts when you wrap them. That way, you’ll have peace of mind knowing that if what you got doesn’t work for your recipient, they can easily exchange it.
3.      Get gift cards. If you really need things to be simple, gift cards and certificates are a great option. You can find gift cards for everything from movies to dinners to massages now, and they’re quick to buy and easy to send. They still offer sweet sentiments to your loved ones, buy make the shopping much simpler for you.
4.      Let the post office be your friend. Rather than lugging all of your gifts to the post office and standing in the long lines, you can now get them to come to you! Visit the USPS website6 to find out how easy it is to get a postal carrier to come to your door, pick up your packages, and deliver them for you.

IMPORTANT MAUI RESORT NEWS

Maui Resort News
 

The owners of Maui’s Kapalua Resort, Maui Land & Pineapple Company, has stopped planting pineapple and will cease pineapple operations by the end of the year. According to Chairman, Warren Haruki the decision to close the company’s pineapple operations after 97 years was difficult but necessary. The pineapple division has lost $115 million since 2002 and efforts to make the business sustainable have not worked. The Kapalua Resort’s lone hotel is the Ritz –Carlton Kapalua, which was renovated in January 2008. The hotel will continue to be managed by the Ritz Carlton. Maui Land & Pineapple’s resort division, Kapaulua Land and Company, will continue to manage the golf courses, the new spa and retail.
 
Beginning Monday, November 9, 2009, Alaska Airlines will fly between Maui and Oakland California, four times a week. On Tuesday November 10, Alaska will begin three times a week service between Oakland and the Big Island. The new flights are operated with Boeing 737 aircraft that accommodate 16 passengers in first class and 141 in the main cabin.
 

The visitor count for Maui was up in September. Visitors totaling 134,932 came to Maui in what is traditionally the slowest month of the year. This count is up 1.8% from last September. Due to steep discounting, spending per person was down slightly to $167 per person.
 

INTEREST RATES POSSIBLY GOING UP SOON!

The Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly improved. 

But that said, we can’t push our luck and think the Fed will continue to step in and help support home loan rates…we have to remember that the Fed is actually winding down exactly this type of buying support. 

The Federal Reserve’s purchases of MBS peaked at an average of $25 Billion per week back in May – and they are getting closer every day to being done spending their allotment of $1.25 Trillion. Since they announced that their remaining purchases would be rationed out until the end of March 2010 – but that they wouldn’t be making any additional purchases beyond the original commitment – the average purchases per week have been moving lower, down to $14 Billion per week so far in November. 

Why is this important? Because home loan rates are based on MBS – so when the Fed agreed to be a big buyer, it helped provide a market and helped keep MBS prices high and home loan rates low. So as the Fed’s program wraps up and eventually stops, home loan rates are quite likely to be on the rise. So while rates are still very good, they may not be for long. 

BEST BUY UPDATED SOUTH MAUI CONDOS

 

South Maui Condominium 

Best Buy List 

As of November 13, 2009 

  

Price                Condominium             Loc      Vac      Comments 

  

$  129,000       Southpointe 22-205                  NK      N         2BR (short sale) Price! 

$  149,900       Kihei Villages 57-201               NK      N         2BR (short sale) Price! 

$  199,000       Haleakala Gardents 4E NK      N         3BR (short sale) Price! 

$  199,999       Maui Vista 3219                       SK       Y         1BR (short sale) Price! 

  

$   200,000      Kauhale Makai 106 (New)       NK      Y         1BR (REO) Loc & Price! 

$   217,900      Maui Gardens C102 (New)      SK       N         2BR (REO) Loc & Price! 

$   295,000      Pacific Shores A318                 SK       N         2BR 2 BA 2 stall parking view Price! 

$   290,000      Kamaole Sands 4-213              SK       Y         1BR (short sale) Price! 

$   292,000      Villas at Kenolio 3C                 NK      N         2BR Good Project & Price! 

$   299,900      Kihei Akahi D210                    SK       Y         1BR (REO) Views & Price! 

  

$   379,900      Ka Ani Village 1-201               SK       N         2BR Price New Includes Gar! 

$   389,000      Kai Makani 38-201                  NK      N         2BR (short sale) Loc, Price! 

$   449,000      Menehune Shores 225              NK      Y         2BR Nice Oceanfront Unit! 

$   498,000      Grand Champions 104  W        Y         1BR Upstairs on Golf Course 

  

$   599,000      Wailea Fairway Villas P202      W        N         2BR On GC & Oceanviews! 

$   670,000      Wailea Ekolu 304                     W        Y         1BR GC & Oceanviews! 

$   695,000      Wailea Ekolu 1405                   W        Y         2BR Price, Quiet Oceanviews 

$   695,000      Wailea Palms 3708                   W        N         1BR Price Loc & Views 

  

$   795,000      Royal Mauian 508                    SK       Y         1BR Beautiful Oceanfront! 

$   795,000      Grand Champions 159  W        Y         3BR Large & on Golf Course   

$   799,000      Kanani Wailea 4 (New)            SK       N         3BR (short sale) Res Condo! 

$   815,000      Hokulani Golf Villa 32(New)SK           N         2BR New GC Res Condo! 

$   849,000      Kai Malu 20B  (New)              W        N         3BR Price & Res Condo! 

$   979,000      Hokulani Golf Villa 131            SK       N         2BR Res Condo with views! 

  

$1,125,000      Hale Pau Hana 305                  SK       Y         1BR Beautiful Oceanfront! 

$1,400,000      Wailea Elua 2011                     W        Y         1BR Nice Oceanfront! 

$1,495,000      Wailea Elua 2110                     W        Y         2BR Oceanfront, Oceanviews   

$1,800,000      Hoolei T-6                               W        Y         3BR New, Large, Price! 

  

$2,175,000      Hoolei O-4                               W        Y         3BR New, Large, Price 

$2,395,000      Polo Beach 609                        W        Y         2BR Beautiful Oceanfront! 

$2,699,000      Wailea Point 2801                    W        N         2BR Beautiful Oceanfront! 

$2,799,000      Makena Surf C106                   Mak     Y         2BR Beautiful Oceanfront! 

  

(New) = New Additions to List            Vac = Vacation Rentals allowed in project 

 

TAX CREDIT UPDATE ~ GOOD NEWS

 The Hansen Ohana wants you to know:

First-Time Homebuyer Credit 

Updated Nov. 6, 2009, to reflect new legislation — more to be added soon 

New Legislation 

New legislation, the Worker, Homeownership and Business Assistance Act of 

2009, which was signed into law on Nov. 6, 2009, extends and expands the 

first-time homebuyer credit allowed by previous Acts. The new law: 

• Extends deadlines for purchasing and closing on a home. 

• Authorizes the credit for long-time homeowners buying a replacement 

principal residence. 

• Raises the income limitations for homeowners claiming the credit. 

Under the new law, an eligible taxpayer must buy, or enter into a binding 

contract to buy, a principal residence on or before April 30, 2010 and close on 

the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have 

the option of claiming the credit on either their 2009 or 2010 return. 

For the first time, long-time homeowners who buy a replacement principal 

residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for 

a married individual filing separately). They must have lived in the same 

principal residence for any five-consecutive year period during the eight-year 

period that ended on the date the replacement home is purchased. 

People with higher incomes can now qualify for the credit. The new law raises 

the income limits for homes purchased after Nov. 6, 2009. The credit phases 

out for individual taxpayers with modified adjusted gross income (MAGI) 

between $125,000 and $145,000 or between $225,000 and $245,000 for joint 

filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to 

$170,000 for joint filers still apply to purchases on or before Nov. 6, 2009. 

 

General Information 

 

Homebuyers who purchased a home in 2008 or 2009 may be able to take 

advantage of the first-time homebuyer credit. The credit: 

• Applies only to homes used as a taxpayer’s principal residence. 

• Reduces a taxpayer’s tax bill or increases his or her refund, dollar for 

dollar. 

• Is fully refundable, meaning the credit will be paid out to eligible 

taxpayers, even if they owe no tax or the credit is more than the tax 

owed. 

The credit is claimed using Form 5405, which you file with your original or 

amended tax return.