Why Your Home Is More Than Just a Place to Live
For most people, their home is their largest financial asset.
But here’s the problem:
Read MoreWhat Financial Information Should You Know About Your Home? A Complete Guide for Homeowners
Do You Really Know What Your Home Costs You?
If you’re like most homeowners, you have a number in your head.
It might be your monthly mortgage, a rough estimate of your utility bills, or just a general sense of what it “costs” to live in your home. But here’s the real question: is that number actually accurate?
Read MoreUnderstanding Home Equity: How to Leverage Your Biggest Asset
For many homeowners, their home represents their largest and most valuable asset. Beyond providing shelter, a home can also serve as a powerful financial tool by providing the ability to use your home’s equity.
Understanding home equity and how to leverage it effectively can unlock a lot of opportunities for homeowners. But before we get into the benefits, let’s get some definitions out of the way first.
Read MoreKnow your home’s finances in one simple step with HomeZada
Most homeowners do not know the total annual cost to own their home. They don’t have a budget for insurance costs, property taxes, gas and electric bills, water and sewer costs, or other typical services like alarm costs, pest control, landscaping or cleaning cost. This causes financial uncertainty and stress in many homeowners lives.
Read MoreHow to Manage Your Household Bills
Photo by Carlos Muza on Unsplash
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.
