Follow these tips and expert insight to help you get your budget in order and get yourself ready to buy your first home.
1.) Organize Your Finances
You may know how much you have in your bank accounts, but do you know how much you spend on household expenses and luxuries each month? Or which credit card has the highest interest or balance?
Getting a good handle on your money starts with a clear idea of where your money is going. This info will also help you determine what you can afford and your homebuying timeline. Start by breaking down your finances into the following categories:
- Start with creating a basic budget for items like housing, groceries, and gas.
- Account for an emergency saving --In case of an accident or other