While it happens pretty much year round, spring and summer are among the most common times when you’ll find people moving from place to place.
And among those moving, many will be downsizing to a smaller home, either from necessity or by choice.
Your home is a big part of your total net worth. Home related expenses are between 35 to 45% of your monthly income. You will likely buy and sell 4 to 5 houses in your lifetime. Knowing that the home is a huge part of your financial situation, where is all the money in your house going? And what are you doing to manage it? Let’s take a look at the five specific categories of house financials. Read More
Making mortgage payments is part of life, but the idea of paying thousands of dollars for the next three decades can be crippling. Many people want to get it done as early as possible, as it is a huge burden lifted off your shoulders once you’re done. Following these hacks will certainly help with the payments:
A 2015 study conducted by the National Foundation for Credit Counseling found that about one in four U.S. adults – most of them between the ages of 18 and 34 – miss paying their bills on time.
While the study doesn’t go into details about why these individuals missed their payments, it’s a good bet that organization…or rather the lack of organization…played a part.
Whether it’s getting out of debt, cleaning up your credit, making more money or all of the above, the new year brings another opportunity for a fresh start at improving your financial situation.
To help you get started improving your home finances, take a look at what you’re doing to see if there’s room for improvement. (Hint: We all have room for improvement somewhere).
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