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Useful Mom Information That Moms Actually Have Time to Read!
March 2006

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Dear Busy Mamas,


Welcome to the Three Minute Mom Newsletter, a newsletter that we busy moms actually have time to read! I'm Carey Keavy, author of Raising Your Own Children, a book which teaches moms to quit their full-time jobs and make living on one income work for them. Inside of each issue you will find money-saving ideas, parenting tips, and more...all guaranteed to be readable in only three minutes!

Sincerely,

Carey Keavy

In This Issue
  • Happy 1st Birthday TMM!
  • Money Minute: Dropping Your PMI: It Could Save You a Few Bucks
  • Mama Minute: Rearing Creative Kids; Using Technology to Initiate Imagination
  • Menu Minute: Fabric Softener Alternative

  • Money Minute: Dropping Your PMI: It Could Save You a Few Bucks

    PMI...PMI...PMI. What's all this talk about the mysterious PMI anyway?! Well, PMI stands for Private Mortgage Insurance and is simply a coverage homeowners must pay for if they owe their mortgage holder more than 80% of their homes market value.

    Usually, insurance is something we purchase which protects us. PMI is just the opposite. This insurance is used to protect the lender if you happen to default on your mortgage. Most homeowners are paying about $75.00 per month for this insurance, but many pay up to $150.00 If you initially purchased your home with 20% down, it is likely that you are not paying for PMI now. But if you are, eliminating this cost from your monthly mortgage amount is only a few simple steps away.

    Most folks find that after only two years in their homes (if you have NOT refinanced), the market value of the residence has risen enough to allow them to drop the Private Mortgage Insurance. Even though you may owe more than 80% of your actual loan amount, PMI is based on the market value of your home, not the purchase price. You will NEVER be informed by your lender that you have reached this plateau (they are making money on you!) so you will need to keep track. PMI payments can actually continue for the entire 30 years of your mortgage (and many do) if you do not opt to remove it. A substantial amount of money can be needlessly spent (upwards to $30,000.00 over the life of the loan!) without being informed as a consumer.

    So, how do you go about ridding yourself of this pesky PMI? The good news is, it's a fairly easy process. The bad news is, it will cost you a little out of your pocket. In order for your lender to recognize that you owe less than 80% of the market value on your home, an appraisal must be performed and then submitted to the lender. The average appraisal will run you anywhere from $250 to $300 Though it may sound like an annoying chunk of change, it will end up saving you about $1000.00 per year or more. It's definitely a move worth the cost.


    Mama Minute: Rearing Creative Kids; Using Technology to Initiate Imagination

    Kids these days have the ability to do many things--surf the Internet, watch DVD's in the van, and manipulate video game controllers with the greatest of ease. But, one thing many children of this generation lack is the ability to entertain themselves. The overuse of technology is something we all know is not beneficial to our children. Utilizing the tube as a babysitter so we can surf the Net is not wise use of our power as parents. Allowing our children to zone out on the sofa as drool drips from corners of their mouths in not something I condone--in fact I find this somewhat appalling behavior for parents to allow.

    A truly secure child is one who can spend large amounts of time alone (without technological distractions) using only their God-given creativity to keep them occupied. Children who are not being entertained need to create their own entertainment-- and then enters INGENUITY! But, what I want to bring to light today are what I have found to be the many benefits of the controlled use of technology and our children--and how it has actually generated creativity in our family.

    There was a time in life when I viewed technology as an "evil" we must keep as far away and limited as possible. My mind has changed a bit from those days. Although we allow it--we do make a few serious moral distinctions and tend to limit technology use in our home, though not to the degree of some other parents I've seen. We Keavy's have a television (without cable), computer and even an outdated Playstation that was generously given to us. Because we have seen our children spawn numerous creative ideas from technology, it is difficult for us to discount its use entirely.

    After a Star Wars film, we have observed baseball bats becoming light sabers which then translates into hours of imaginative play. We have noticed sofa cushions morphing into lily pads for a live game of Frogger after playing the real version. We have witnessed our children playing pretend dinosaurs with beanie babies for three hours after viewing a dinosaur movie. Without the initial viewing of the movie or video game---the children may not have become interested in the subject at all. I consider this to be a benefit of controlled technology use.

    Our seven year old son enjoys working with the computer. He utilizes much of his spare time using graphic design programs that I have helped him learn. We have watched him create countless graphics of the flags of the world, and now he is interested in Star Wars character sketches. This particular son uses the Internet to answer various questions he comes up with throughout the day. Answers to questions that would normally not be answered until a trip to the library can be found in only seconds using encyclopedia sites on the Web. In all the research we have done (thanks to fantastic controls on our Internet security program) we have not once come across any unsavory sites. Our sons also partake in online homeschool classes which they absolutely adore.

    In our homeschool, we use videos such as "The Magic School Bus" to learn about anything from human anatomy to insects. Documentaries on DVD include those on topics like the Civil War, sharks, the Titanic and many more. The use of video for education is a valuable tool that arouses more of the senses than reading a book ever could. The images and sounds engage a learner for what I believe is more in-depth knowledge retention. We enjoy popping in a documentary as we draw or craft about the topic.

    Television shows like "American Idol" and "Touched by an Angel" are shows which work as a family adhesive for us. What fun it is to gently debate which Idol contestant we think is the worst or best and why. Shows like "Fear Factor" can spur conversations in our home about what we would and wouldn't eat for money.

    In conclusion, I believe if we take part in technology in moderation it can be beneficial to our children and families. So many educational opportunities can be missed if we limit ourselves with the vast capabilities this century has bestowed upon us. Make an educated decision concerning your own family use of technology, and do what fits for you.


    Menu Minute: Fabric Softener Alternative

    Recently, a friend of mine revealed a really cool fabric softener secret to me that I thought would be worth sharing. I was already conserving money with my fabric sheets by cutting them into fours, and that worked well. But, this new method saves more money, is helpful for the environment and is a great way to make your hands smell fantastic! Give it a try!

    Fabric Softener Alternative

    You will need:

    1 bottle of liquid fabric softener

    1 sponge

    1 plastic container with lid

    Water



    Begin by cutting your sponge into four pieces. In the plastic container, pour 1/2 cup of fabric softener and then 1 cup of water. Place as many cut sponges as you can fit into your container and put the lid on.


    When you are ready to dry your first load of clothing, take one sponge, squeeze it a bit and throw it into the dryer. When the load is dry, simply place the sponge back into the containter to soak. Voila! You have yourself a homemade dryer "sheet" that can be reused and reused again!


    Happy 1st Birthday TMM!

    Happy 1st Birthday to the

    Three Minute Mom!

    Thanks to all subscribers and writers who have made this endeavor a success!

    Please continue to forward your newsletters along to friends and family! :)

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