Four key financial resolutions for 2015:

1. Save more. Resolve to put more money into your savings and/or investment accounts. This boosts your financial security, giving you money for your kids’ college educations and weddings, or to tide you over between jobs. Also look at re-financing… rates have dropped recently. You might be able to save money every month.

2. Cut your debts. Resolve to get rid of your credit card balances. Why keep spending all that money on interest? Examine your monthly expenses, and then cut the low-hanging fruit: dining out, movies, and lattes. Reduce or eliminate these expenditures, just for this year, and then use that money to whittle your credit card balances down to zero.

3. Set up an emergency fund. Resolve to open a separate savings account for large emergency expenses such as a new furnace, major car repair, or medical emergency. Experts recommend you stockpile 3 to 6 months worth of living expenses.

4. Get serious about retirement. Resolve to put away more money for retirement. If you’re in a company-sponsored 401(k) plan, make sure you’re putting in enough to get the full company match. Beyond that, increase the amount you’re saving even if it feels a little uncomfortable. Ultimately, you’ll be happy you did.

Is purchasing or refinancing a home on your to-do list for 2015? If so, contact your HomeBridge Mortgage Loan Originator today for a free mortgage consultation.

Related Articles

      If you’re in the market to purchase a home and concerned that rising interest rates could price you out of the home you’re looking at, then this article is for you. First, you need to understand what the difference in your monthly payment could be if the…
Read More of the post Why Rate Isn’t Everything

No Crash Zone. A Current Outlook on the Housing Market. By: Michael Pennington   Are you concerned that the housing market will crash like it did in 2008? That the cost of homes has skyrocketed so high that they are bound to come spiraling down and result in a market…
Read More of the post Why the Market Won’t Crash

FHA loans offer a 3.5% down payment requirement as well as lenient Debt-to-Income ratios (DTI) and credit requirements. They are ideal for low-to-moderate income earners, and people buying a home with less-than-perfect credit. Backed by the Federal Housing Authority, FHA loans are mortgages meant to support those who may not…
Read More of the post FHA Loans: What Are The Benefits And Features