Last week, we spoke about finding your 'why' that was specific to your wants and needs. Did you? Leave a comment on what you found! I'd love to hear. This week we're going to start the beginning of many tips I'll be bringing you about 'How' to get in your new home. Check out the video and other tips I've learned from my brokerage below. Be sure to reach out regarding any questions you have. As well as any other topics you'd like me to cover in the coming weeks.
The start of the year is a great time to review your finances. As 2020 starts—hopefully with a bang—it is an ideal time to take a look at all of your bills. As the past year cruised by you may have added cell phone plans, changed cable and internet subscriptions, and signed up for trial offers (which automatically turned into pay subscriptions). It is a good habit to look at your bills and inspect them for ways to save money. Call your services and see if you can take advantage of new promotional offers or remove services that you are no longer using. Common bills to find new savings on are cell phones, cable TV, internet service, home phone, streaming video services, and any other online subscriptions you may have.
Monitoring your credit report and credit rating is important also, especially if you’re considering purchasing a home. Here are five tips for improving your credit. It’s not about quick fixes, but responsible financial activity over time.
1. Get a credit card: OK, this may seem counterintuitive, but let me explain. When used correctly, a credit card can be an effective tool for building credit. Charge a few budget-conscious purchases each month, and pay the balance off before your due date.
2. Keep your balance low: This is the other side of the coin with credit cards. Try to only charge for items you could pay for out-of-pocket, and try to stick to a balance of only 10 percent of your credit limit.
3. Food: Let's be real, we all spend too much money on dining out. I've minimalized this by meal prepping weekly! If you don't, monitor all your spending, but especially this one that often flies under the radar because we all have to eat, right? Right. However, changing this daily habit could free up a lot of cash or in this case, credit.
4. Leave paid debts on your report: Paid off debts like car loans show that you have a history of paying your debt on time.
5. Ask! If you’re looking to pay off a debt quickly, it can’t hurt to ask the lender to lower your interest rate. You can’t get what you don’t ask for!
I hope you found this info as helpful as I did! Leave any questions or comments on how I could better serve you guys. Have a great weekend.