What’s the most difficult part of buying a house? If you ask most people, probably the deposit. The deposit is the big chunk of cash that you have to save up to convince the bank that you’re really serious about buying a house and that you’re willing to risk your own money in the process.
The good news is that the housing market has rebounded sharply in the last few years, thanks to the improving job situation as well as the growth in the global economy. But for people wanting to buy a house, this has meant rising deposits. Currently, the average home price is standing at around $200,000, perhaps a touch over. With most mortgage brokers asking for a 5 percent deposit, that means that families have to pay out around $10,000 to secure their new house and a mortgage. For many families, that’s a lot of money to have to save up, especially those on modest incomes.
You already know this, but buying a home is indeed one of the biggest financial commitment most of us will ever make. With rents on the rise faster than our incomes, many are looking to enter the buyer’s market. Regardless of where you are looking to buy, the tips below will help you achieve your home ownership goals.
Many of us struggle when it comes to the end of the month. The beginning of a new year is always a good time to assess what’s going on with your finances, and identify ways you could make savings in the months to come. If you search online for saving tips, you’ll find hundreds of suggestions, but how many are actually relevant or effective? Here are some measures you can try that will actually help you reduce spending in 2017.
Many people choose to do their own taxes as a way to save money. The catch here is that, in many cases, this will actually cost you money. Using an accountant and getting the benefits that come with knowledge and training, can save you money through allowing you to make the most out of deductions and other tax benefits. Doing your own taxes may seem like a good idea, but before you make the decision, take a look at the money saving benefits an accountant can offer you.
Whether you’re pursuing your bachelor’s degree or you’re going back to school for a master’s, a university course can be quite expensive. The available programs cost anywhere from $10,000 to over $100,000 from start to finish. Worry not, because there are ways to save on your next degree. We are going to cover some of the simpler ones in this article.