savings: The Homebuyer's Guide Part 2 Alberto Pacheco
- 10/31/22 04:50 PM
Do you think of or need your house as an investment in your retirement plan? Americans are used to their homes being a store of wealth they can liquidate on retirement part of downsizing their lifestyle. Real estate leads with 31% of Americans choosing it, follow by stocks/ mutual funds at 25%. A cautionary note though, although home prices have recovered from the pre 2006 market slump and continue to rise, the price of your home can still fall. Are you financially ready? Owning a home is a financial commitment that requires planning how homeownership will fit into where your life is headed. Ask yourself … (4 comments)
savings: Here's A Quick Way To Figure Out How Much House Can You Afford
- 06/13/16 12:48 PM
The stock answer given to this question is, if you rent and have cash for a down payment you can purchase a home. But what if you don't rent? Then here's the simplified version of what a mortgage broker would do with you. Step One: Annual Salary What is your gross monthly income from all sources? If your annual salary is $75,000, divide this by 12 and you'll see that your monthly income is $6,250. Step Two: Monthly salary x percent you want to spend. Broker and financial planners ill recommend that you spend anywhere between 25% and 6% of your monthly income on … (4 comments)
savings: Insulate Your Home Attic and Keep The Savings In Your Pocket
- 11/14/15 02:48 AM
Is Your Insulated Attic Looks Like The One on The Picture? November herald's the start of our cold season and with it, a rise in energy costs.. To significantly reduce heat loss and expenses. It pays to winterize the one place where most heat is lost: the attic. Here is a check list of items to focus on to keep the heat in: Weather strip and insulate the attic access door Seal around the outside of the chimney . Seal around plumbing vents both in the attic floor and in the roof. Cap off the top of interior walls in old houses where you can peer into … (2 comments)
savings: Managing Your Debt
- 02/02/10 08:51 AM
If you want to be successful at managing your money, you'll need to understand the importance of developing spending plans, spending money wisely, and saving. Needs Versus Wants! You can begin by thinking about your personal needs and wants. "Needs' are items that you must have for a basic survival, such as food, clothing, and shelter. "Wants" are things you desire but can live without, such as fashion, items, restaurant meals, or entertainment. Make a list of each and estimate the costs; then compare. Are you spending as much for your wants as for your needs? Are you currently making payments … (2 comments)
;)
;)
;)
