I’m On The Consumerist! How to Save Money For A Home

11 months ago

I’ve been Consumeristed! I always love a good mention from The Consumerist. Now I just have to prepare myself for the comments…

My article about How To Save Money For A Home is the featured article. Check out the article here!

Jennifer says:
July 16, 2011 at 5:16 pm
Dark chocolate covered soy beans.
Reply

1) Create a 50/30/20 budget that lets you know what you can afford.

2) Treat your marriage like a business. Let one person manage the money, both people need to agree on goals and budget.

3) Pay off toxic debt, but use “good” debt to get ahead.

4) Risk is a fact of life, sensibly manage it. Diversify, do target asset allocation, cut costs and stick to your plan.

5) Save early for retirement. Save as much as you can and don’t stop.

6) Preserve your home equity. Buy less house than you can afford, pay off your mortgage. Don’t move if you can afford it.

7) Be a savvy consumer. Shop around for financial products, review recurring expenses and advocate for pro-consume regulation.