Thursday, October 10, 2013
Go on a money diet before house hunting
First, you will need some cash--it's not like the old days. But it is also not like the 20% down thing people have been saying.
But--the more cash the better. Sellers will often take a lower bid from a buyer with lots of cash.
If you need to amass cash in a hurry, stop impulse buying. No more catalogs, internet browsing. I buy everything on ebay--over-the-counter meds, cosmetics, clothes--you can get real bargains. And many times there is no shipping charge.
Take a hard look at your spending--needs, wants, or just things you do because you have always done them or are lazy (eating out, for example).
Chart every cent for a few months.
Do more home cooking. Does every adult need a car?
Sign up for an automatic savings program.
Can you think of other ways?