How To Budget Your Household Accounts

Written by John Mussi


Continued from page 1

Next, concentrate on your expenses. Inrepparttar top right section ofrepparttar 111852 page, list all your "fixed" expenses — those that arerepparttar 111853 same each month — like mortgage payments or rent, car payments, and insurance premiums.

Then, listrepparttar 111854 variable expenses — like groceries, entertainment, recreation, and clothing

Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritizerepparttar 111855 rest. The goal is to make sure you can make ends meet onrepparttar 111856 basics: housing, food, health care, insurance, and education.

Once completed, analyse your figures. Ask yourself some very hard questions! “Do I really need to buy this item?” Do I have to have that latest gadget?” Sometimes, just by performing this very basic task you may find that you can make some very obvious savings.

Once you have carried out this exercise, it is a good idea to go through it again in a month’s time just to make sure that your spending is not reverting back to it’s bad habits.

A useful suggestion would be to make use of your computer. Computer software programs can be useful tools for developing and maintaining a budget, balancing your cheque book, and creating plans to save money and pay down your debt. If you do not own a computer you can utilise your public library and bookshops as they have information about budgeting and money management techniques that you could find beneficial.

You may freely reprint this article providedrepparttar 111857 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available online loans via the http://www.directonlineloans.co.uk website.




Crossing the Gap from this Home to the Next: Bridge Loans

Written by Cameron Brown


Continued from page 1

Because ofrepparttar risk involved in making a loan on collateral with only possible future value (the future sale ofrepparttar 111851 old house), most lenders charge high interest rates on their bridge loans. The borrower typically must begin making these payments after six months ifrepparttar 111852 house still hasn't sold.

Most often, a bridge loan is used to pay offrepparttar 111853 existing mortgage, withrepparttar 111854 remainder (minus closing costs and prepaid interest) going towardrepparttar 111855 down payment onrepparttar 111856 new home. If after six monthsrepparttar 111857 old home has not sold,repparttar 111858 borrower begins making interest-only payments onrepparttar 111859 loan. Whenrepparttar 111860 home eventually sells,repparttar 111861 bridge loan is paid off; ifrepparttar 111862 house sells with in six months, all unearned interests are credited torepparttar 111863 borrower.

In a perfect world you would have your house onrepparttar 111864 market will potential buyers making offers before you make any offers yourself. However, because of fluctuating market conditions, gettingrepparttar 111865 timing right can be difficult. If you're willing to payrepparttar 111866 higher rates and fees that come with a bridge loan you can buy yourself some extra time.

While a bridge loan can get you th e house you want when you want it, it can be a pricey option inrepparttar 111867 long run. If it's an option for you, it may be a better idea to borrow against assets such as stocks or your 401(k). This can save you a considerable amount of money.

Before you do anything talk to someone who has experience inrepparttar 111868 financing side ofrepparttar 111869 real estate market. There are more options for borrowers every year and consequentlyrepparttar 111870 process gradually gets more complicated. It pays to takerepparttar 111871 time to understand what you're getting into.




Cameron Brown is an internet marketer specializing in ranking automation. For information on how a bridge loan can help you, visit Security National Capital .




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