Lease Options are a way to buy and sell homes without an immediate conventional mortgage. It gives buyers who can't qualify for a mortgage right now the opportunity to get into a home right away while they improve their credit and build up a down payment while living in the home.
Lease Options are a way to buy and sell homes without an immediate conventional mortgage. It gives buyers who can't qualify for a mortgage right now the opportunity to get into a home right away while they improve their credit and build up a down payment while living in the home.
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If you would like to become an avid saver, download the Save-to-Spend plan below. While most budgets are designed to control spending, this one is designed to expand your saving. Here's the plan, based on a monthly income of $4,000. 1.Set aside 10% per month for retirement. ($4,000 x .10 = $400) 2.Save 10% for long-term needs, i.e. a new car, a down payment. 3.Save 10% for short-term and unexpected expenses, i.e. a friend's wedding this spring, replacing a lost cell phone. 4.Stash a final 10% for fun, frivolous, pleasure. Total saved: $1,600 The beauty of this system is three-fold: 1.By creating stashes of cash, you will be able to cover all your expenses—especially the curveballs—and avoid relying on little Ms. Visa. 2.As you ramp up your savings, you'll pare down your spending, because you'll want to save. 3.You never feel like you're on a budget. You feel rich, because you have cash growing in your accounts. If you exhibit one or more of the following symptoms, consider that money is running your life:
Pay your credit card balance in full. If you can do that, you'll avoid getting screwed by late fees, minimum payments and all the other sneaky ways that credit card companies and banks have for convincing us that it's okay not to pay all we owe, all at once.
If you're overwhelmed by nausea every time you even think of using your credit card, you've probably been on the "charge it" carousel just a little too long. Time to get off. Do you know how much you owe on your credit card? Do you know what it is costing you over time?
Warm weather seems to sweat the cash right out of your wallet. At least during the winter holidays, you get constant reminders to watch your budget. Why not build a quick summer budget right now. Summer fun Step 1: Take out a calendar, and list all upcoming summer expenses. Examples: Events: from weddings to conferences to, oops, your sister is due in September, so the baby shower will be in August. Repairs: from repainting your deck to fixing the kiddie pool. Travel: long weekends, family reunions, vacations and guests! Looking hot. You know you want to. So plan for it. Step 2: Build a ballpark budget. What's the rough tab for three long weekends, a new beach umbrella, a cuter haircut, new swim suits for the kids, etc.? Step 3:Set up a small summer saving account now, to offset costs. Bottom line Hose down the lawn chairs and chill out. With a ballpark summer budget, your spending won't get too hot to handle—and you'll stay on top of other goals. Which is good. We have BIG plans for you this year. How does your summer budget look? Share it!
How much more money do you require in order to become a millionaire?
Why not do an evaluation? Check out the FreE Financial Calculator on the main menu.
Start a Legacy Drawer
A Legacy Drawer is a drawer that houses all of the important information your family needs in case something happens to you. Every household needs a Legacy Drawer. It doesn't matter if you're single with no kids or 76 and have 12 grandkids-you need a Legacy Drawer. The drawer should be somewhere in your home and contain everything your spouse or family needs to know if you aren't around-anything that has to do with your financial life should be in that drawer. You must organize it in a way that anyone can find a specific document in 30 seconds. Your Legacy Drawer should contain 11 things.
If you put your mind to it, you can create your Legacy Drawer in 30 days! It's tedious to gather all of the documents and paperwork that goes into the drawer, but it's a necessary task in order to protect you and your family. |