When it comes to managing finances, many people tend to make simple mistakes along the way that could have been easily avoided. Here are some useful tips to make financially sound decisions when getting your housing finances in order. Utilizing a money management tool such as mint.com allows users to track their income, set budgets, goals and track what is coming in, and what is going out. Users can stay easily organized while saving for housing projects, and can avoid spending more than is within your budget.
Another big financial mistake people tend to make around this time of year is failing to claim all of the housing tax breaks which can save quite alot in the scheme of things. For a list of tax breaks for homeowners, check out this collection of useful tips from Zillow. Also taking into account the little things you spend money on everyday, like a Starbucks latte for $4 can really make an impact on your home purchase- cutting back to drinking coffee at home and buying your beloved Starbucks latte just once a week can save you hundreds of dollars a year, and inch you one step closer to making a larger down payment than you’d expect, and could save you thousands on your mortgage – the small decisions you make, will add up to a big scale change! For more information on Seattle real estate, contact your local real estate agent today.