Sv Money:debt% Communication Library

Buying a Car

Getting the most for your money

Make sure you will be happy with your purchase. Get something that will last you a long time..

Weigh the benefits of new versus used. The value of a car is greatly lowered by previous use, so used cars are often a smart choice.

Create a budget to see how much you are able to spend, and don't exceed to that limit. Otherwise, you may run into problems later.

Be wary of long term loans - loans that may last longer than the vehicle.

Buying a House

Things to keep in mind...

Be certain in your decision. Make sure you like the house and the area, are willing to stay there for a while, and can afford it.

Try to build up your credit before you go house hunting. The higher your score, the lower the mortgage rate will be, which can add up to significant savings over time.

Credit Card Debt

A common, serious issue

Credit card debt is extremely common, but don't think that that makes it less worrisome.

A simple rule is to not purchase anything that you can't pay off within the month, especially when it comes to luxury purchases, like entertainment items or clothing accessories.

If there is something expensive that you want, try to save up the money for it before you purchase it so you don't fall behind financially.