~Ralph Waldo Emerson
Friday, June 14, 2013
Quote from Ralph Waldo Emerson
Understanding The Complete Picture of Mortgages & Home Owners Finances
Cut Costs Wherever You Can: Saving is generally understood as a useful way to be financially stable, but what is less widely understood is precisely how to save. It is a much easier process if you have calculated your assets, liabilities, and net worth. If you have an expected value for the home you are about to purchase and roughly know how much you’ll be paying per month, you can estimate how much money you will need to save each month for your home. While a significant difference between your current monthly net profit and the cost of the house may indicate the house is too expensive for you at the present time, a closer pair of numbers means that you will be able to pay for your house, with a few adjustments to your current routine.