1. Don’t buy a home until you have sold your current home, unless you are willing to make two mortgage payments.
As a HUD-certified housing counseling agency, Springboard is here to help you make the most out of your homebuying experience.
It’s a very good idea to schedule a counseling session with us if you’re planning to purchase a home soon.
Look over your budget and determine what you can afford to pay per month, decide whether you want to buy a new or used car, and do some research on the kind of car you want.
Leasing isn’t for everyone. It’s a rare individual for whom leasing will be a better arrangement than buying outright. If you’re one of those individuals, great. But if not, be very careful.
You have to be cautious. Overspending can be an addiction, like alcoholism, drug abuse or compulsive gambling. Even though you feel that you’re in control with your finances, there’s a lot of temptation.
For as long as money has existed, there have always been plenty of unscrupulous thieves willing to take it from you. In the old days, the most common way to relieve people from their cash was to knock them over the head and take it. In today’s world, however, the most common crooks tend to be a lot sneakier.
The indiscriminate use of high interest credit cards and poor saving habits lead many college students to a poor financial standing before they even graduate.