Managing Your Money As A New Homeowner

Description

Congratulations, you've purchased your first home, now what? While new homeowners spend months, if not years, planning to buy their first home, many are still unprepared for the financial responsibilities that come with homeownership. If you find yourself house-rich but cash-poor from unexpected repairs to adjusting to fluctuating bills and expenses, you are not alone. After emptying her savings and accumulating credit card debt, like many first-time home buyers, Danielle Desir quickly found herself strapped for cash. Living paycheck to paycheck, she realized how she managed her finances had to evolve if she wanted to get back on track. Refusing to remain stuck, Danielle got serious and implemented the strategies outlined in this book. In three years, she went from broke and struggling to paying off over $22,000 of her mortgage, while pursuing other financial goals. If you are a new homeowner or aspiring homeowner looking for simple but powerful strategies for managing your money and staying on top of your finances, this book will show you: Why you need several bank accounts after purchasing a home.How to create a foolproof workflow for making on-time monthly mortgage payments.Tips for pricing out repairs and setting renovation projects as financial goals.