Saving Money and Financial Tools For Homeowners
(and Prospective Homeowners!)
Homeowners and renters alike have an immediate opportunity to reduce their costs by following some of the tips outlined in this guide. The tips are rated in terms of “savings impact” and “effort required,” giving people the opportunity to maximize their impact on savings with the amount of effort put in. You can even create your own to-do list online from the tips included here and come up with a plan to put into action.
The Simple Dollar outlines 19 ways (not 18, as the hyperlink indicates) to save money for new homeowners – things you do as soon as you move in. Ranging from insulating your water piping, to planting trees next to your house to lower air conditioning costs in the summer, to changing your locks in case there’s a spare key out there somewhere, this list is comprehensive and thorough. As a homeowner, you will need to get used to the idea of preventive maintenance – and this list delivers! See which items you can start implementing right away to save big!
Are you not getting the best deal on your mortgage? Thinking about refinancing? In addition to all kinds of information in the menu bar, including refinance advice, types of mortgages, how to improve your credit, and the tax benefits behind paying down a mortgage, this site offers both a mortgage calculator and a refinancing calculator for the benefit of homeowners everywhere. As of the end of 2015, interest rates are slowly recovering from rock bottom, so now would be the time to check on refinancing your mortgage if you haven’t yet.
If you haven’t bought a house yet, or are trying to determine if it would be cheaper to sell your house and live in a rental, this link has you covered. Be prepared to spend a few minutes going through their sliding-bar questions. Whatever amount you come up with is the amount you’d be paying per month when you buy a house. The numbers even take into account tax deductions, so it’s a relatively straightforward comparison once you get all your information entered.
While not every owned home needs insurance, just about every mortgaged one will – the bank will require it. And even if it isn’t technically required, it is still a good idea. This doesn’t necessarily mean that you will have to pay a huge sum of money to get the coverage that you need, and this article takes you through what you can do to get the price point you want. While you’re there, take a look at their Money and Finance section for more general information, from taxes to investing to real estate!
Speaking of mortgages and financial tools, it is difficult to own or sell a house – or deal with financial emergencies or even some day-to-day financial functions, for that matter – without using a bank or credit union. It can be difficult to sort through most of these institutions, looking at their ratings one by one, and uncertain if there is a branch in your area that might be more convenient. Wallethub does all of this and more. The link takes you to a filter that helps you choose a financial institution by allowing you to select what you are looking for, whether a local branch is important, and other choices, and then searching based on those criteria. Those institutions will have ratings sections next to them, and you can read through customer reviews to get an idea of the quality of their products and services.
A simple but effective list of things that you can do to save for large sums of money over a particular time period – generally a few years. You can save for things other than down payment as well, but either way, you will probably want to consider doing at least a few of the things shown here!
This is a list of the most helpful programs and applications for budgeting and saving. It can be hard to find applications that are high-quality, because there are so many out there vying for your attention and your money. This group, however, is chock-full of excellent features, from identity theft protection to passive investment to bill payments and budgeting.
Using this retirement calculator, you can determine roughly how much you might need to contribute per year, at what estimated return, to reach your fund balance goal. As is the case with any investment goal, speak with a qualified investment specialist about your retirement plans.
This guide gives information on what home owners can do when they are being foreclosed on, or are in danger of going through a foreclosure. It includes a list of governmental resources, a page of Frequently Asked Questions to help demystify the process, and the cause of foreclosure and what homeowners can do to stop the process.