Housing is the single largest expense in most family’s budgets, which also means it offers the greatest opportunity for saving money. Read on for ideas to keep in mind as you explore your options to lower your housing costs.
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Whether you’re a first-time homebuyer looking for a starter home or a seasoned homeowner ready to upgrade or downsize your property, the buying process is similar. From searching for the perfect place to call home to putting in an initial offer, it’s an exhilarating and life-changing adventure for new and experienced buyers alike. And with
Most people never consider their empty space as a way to generate income. They’re missing out and overlooking a wide range of potential sources of passive income. From houses to storage areas to parking spaces, you may have something people would be happy to pay you to rent. And in doing so, they’ll cover some
The median home price in early 1984 was around $65,000 according to an analysis by Don’t Quit Your Day Job. Today it sits around $280,000. Yes, the dollar has shriveled in value since the early ‘80s due to inflation. But even if you adjust for inflation, median real estate only cost around $165,000 in 1984.
Do you ever feel that your house is just too big? Perhaps you’re an empty nester living in the same house where you raised your children, who are now grown and gone. Or maybe you bought a large house so everyone in your family would have enough space, only to realize that you miss seeing your
If you’re thinking about buying a home, you might be wondering, “Should I buy a house now or wait?” It’s an important question. And, one of the best ways to determine if you’re ready to buy is to start visiting open houses to get a feel for what’s on the market, what you like, what
Have you been thinking about buying a condo? Perhaps the condo is in an up and coming neighborhood, and you want to buy before prices start to skyrocket. Or perhaps you’re tired of not being able to paint the walls of your apartment, and you’re ready to take the next step towards home ownership. Or,
Prospective homebuyers with bad credit face a difficult choice. Homeownership comes with plenty of perks, but it also has drawbacks. If your credit is less than perfect, should you consider buying a home — and could it actually help you get your finances back on track? Learn more here.
Many lenders require down payments to show the buyer has a vested interest in keeping up with the monthly payments. It also proves the buyer can save the money needed to put down on the vehicle. But one question often remains unanswered: How much money do you need for a car down payment?
For many of us, our 60s are dominated by the transition to retirement. It’s one of life’s major transitions, right up there with moving out of our parents’ house or getting married. And it takes planning to get right. Consider these smart financial moves to make in your 60s.
The sooner you start having hard conversations with your partner, the better off you’ll be. So if you’ve been avoiding having the money talk with your partner, it’s time to open a bottle of wine, light a candle, and sit down for a financial date. Don’t know where to start? These prompts can help.
When you reach your 50s, you can no longer afford the illusion that retirement is some far-distant concern for another day. You need to laser focus on long-term financial planning and begin adjusting your budget as you get older and your needs change. Learn the smart money moves to make in your 50s.
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