Many people have heard the siren song of the 0% credit card balance transfer. The trick is to decide whether or not such an offer can work out for you, without entirely losing your head. Follow these tips and watch your step, because this path might not be as tempting as it seems.
Mortgage down payment. It could well be the three scariest words in the home buying process. If you feel like you will never be able to buy a home because saving up the money for the down payment stumps you at every turn, you should know that you have options. With certain kinds of loans, money in savings and a few down payment alternatives, you might be closer to buying a home than you think.
Buying a new vehicle isn’t the only option. Today, it’s possible to save money and even make a better investment by purchasing a pre-owned vehicle. However, not every vehicle on the lot is a good buy. There are several steps vehicle shoppers need to take to ensure they are making the best financial decision possible for their needs. What should car buyers look for when buying pre-owned vehicles?
Let’s be honest… saving money isn’t always as easy as it sounds. You create a monthly budget and do your best to follow it, but something always pops up to throw you off track. Plus, there are only so many ways to cut back your spending. Sure, you can switch cable providers or phone plans, but those savings are usually minimal. You want to save money… a sum of money you can actually see in your accounts.
One of the easiest ways to save big is by refinancing your current loans. After all, your largest monthly expenses are usually your loans (home loans, auto loans, credit cards). So why wouldn’t they also be the source of your biggest savings? They are.
As new car models for next year start showing up on dealer lots, people will be hurrying to get the latest deals and car features. Many of these people may still be paying on their current vehicles. Yet the lure of dealer incentives, affordable loan payments and low interest rates will cause many of them to say goodbye to their old cars and say hello to their brand new models. Unfortunately, this scenario can lead to people being underwater on their auto loans.