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A Practical Approach To Buying a Home

Buying a home is arguably one of the biggest expenses that you’ll ever counter in life. However, it’s also one of the most well-documented processes and you can easily get help if you need it. In this post, we’ll be looking at a more practical approach to buying your first home and how you can streamline the process to save money and reduce the amount of hassle it takes.

A Practical Approach To Buying a Home - cosy living room and sofa image
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Decide if buying a home is right for you now

Don’t just buy a home because it’s expected of you by your friends, family or even society. Not everyone buys a home and some are content with renting. Make sure you’re comfortable with the responsibility of buying a home because it’s a decision you’ll be locked into for many years.

Get your finances in place

You also want to make sure that your finances are in order. Get a credit check to ensure there are no outstanding issues and make sure you establish a secure source of income that can pay for your home.

Use a mortgage broker

A mortgage broker comes with many advantages. They can help you save time when looking for a good deal and they can also help you save money since they’ll compare lots of different mortgage lenders to help you find the best deals. They can often work with dozens of different lenders to compare prices and find one that suits your budget and needs.

Pick a place where you want to live

It’s important that you spend a lot of time choosing your ideal location to live. This is because it’ll change everything from school choices to job opportunities. Make sure you scout out each location and do a bit of research to help you decide on the ideal city or neighbourhood for your needs.

Decide on a type of property

You also need to decide on a type of property. While houses tend to give you more freedom, it’s hard to find an affordable house inside of a city. Instead, you’ll likely need to live in a suburb if you want a large house with plenty of space. However, if you prefer living in the city, you’ll likely need to pick an apartment if you want accessible transport links and other conveniences.

Make your offer

It can be stressful deciding on an amount to pay for your first home. It’s important to understand when you’re paying too much for a home, but you should try to make your offer compelling for the seller. Your estate agent should be able to help you with this process and suggest a good price to offer to catch the seller’s attention.

Understand that it takes a long time to finalize

Many people underestimate just how long it takes to finalize a home purchase. You need to keep in mind that it can take up to half a year or more depending on how careful you want to be. It can take weeks to find a suitable home and even more weeks to find a suitable mortgage lender.

Great Tips to Make Money from Home This Year

These days there is more need than ever to generate more income and help to make ends meet. The coronavirus pandemic has led to a lot of issues for people in terms of employment and losing their jobs. And because of this there is a need to look for alternative ways of bringing in money and generating additional revenue as much as you can.

You need to look at what you can do to start making more money, and the best thing is that you can do this from home right now. Coming up with amazing ideas and options that will allow you to make more money and bring in additional funding as regularly as you can. These are some of the best ways of being able to make money from home, and you need to try to work on these as much as possible.

Great Tips to Make Money from Home This Year - man using a credit card to buy online
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Buying & Selling Online

Ecommerce is one of the best ways of being able to make extra money online, and this is something that you are going to need to get right. Make sure you focus on doing as much as possible to come up with a successful ecommerce business. Buying and selling online is a great way of making money quickly because of the fact that you don’t need to have any skills or experience to flourish at this. You can revive your old product listings or start from scratch, but this is a great way of making more money online. 

Copywriting

Copywriting is a great way of making more money from home if you are creative and have a flair for words. There are a lot of things that play a part in this, and you can source online copywriting jobs from a variety of sources. Make sure you focus on what it takes to find the right gig, and be sure you always work on the best quality ways of doing this moving forward. Copywriting isn’t something that will be suitable for everyone, but if you are a talented writer it’s a great option.

Paid Surveys

There are a lot of options to keep in mind when you are looking to earn money from home during the pandemic era. This is something you are going to need to work on, but paid surveys are an excellent way of basically earning free money. Sure, they are time-consuming, and this can be a mild annoyance, but they are an excellent option for making money for free, and this is important. Paid online surveys are a common way of making extra cash, and while you won’t make a ton of money, you will be able to make some money, and every little helps these days. 

There are a lot of things that you need to work on when it comes to making more money from home. You have a lot of things that you need to get right, and this is something you should work on as much as you possibly can. There are loads of great ways to make money from home, and this is something you need to try to get right as much as you can. 

Buying A New House? You Should Look At Your Finances Early

In this day and age, saving and paying attention to our pockets is something that is highly important.  We can save money from cutting down costs, cutting ties to some of our subscriptions or even just working overtime to improve our savings. However, it doesn’t always have to be so tricky. Buying a house in these trying times is certainly difficult, but it also does create a few difficulties relating to the housing market and putting down offers on property. With an experienced Mortgage Broker, however, you can be sure that you have all the information on the table before you start and you can start to create that dream life you always wanted. However, it’s important to note that there are some simple ways to create financial security without them being too troubling. 

Buying A New House? You Should Look At Your Finances Early - house keyring image
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1. Use applications to assist you with your finances.

Now there are many applications to facilitate the organization of your wallet. In fact, some of them even have tips for finding new job opportunities. These apps may also allow you to budget, input in your incomings and outgoings as data for any one time and work out how best to spend, taking into account all your bills. Your banking app may also have ways to assist you as well as offering saving accounts which allow you to save as you are on the go.

2. Plan your meals incredibly well. 

A small, maybe old-fashioned meal planning can help you save a considerable amount of money on supermarket expenses per month. It can also save you a lot of time preparing your meals.

3. Stick to calendar scheduling.  

Reviewing your accounts is not only one of the best ways to save money, but also a critical project for your financial well-being. It can help you keep track of your expenses and make sure you are well on your way to achieving your goals. In addition to this, keeping track of dates with your finances can help you identify potential problems early on, before some issues become more difficult and time consuming to resolve.

4. Sell things that you don’t need online 

You can save time and money by selling your old items, which you do not need in applications such as eBay for profit. You can use Etsy, Amazon and plenty of other online websites that allow you to sell all types of products. These amounts of money can soon add up to your savings. 

5. Use credit cards wisely to assist you

As bold as it sounds, it is actually a great help to a conscious consumer. Using a credit card helps a lot in saving time and organizing the purchases at the same time. At the same time, keeping most of your expenses in one account can help you streamline your budget monitoring and billing process. You should also be aware of not overspending and allowing yourself the time to repay as repayment fees can be costly. Overall though a good credit rating is going to massively assist you with buying your new dream home. 

4 Smart Ways To Save Money You Haven’t Considered

Are you looking for new smart ways to save money? There are lots of possibilities to consider here and many of these options will help ensure that you have more money to spend in other areas of your life. 

4 Smart Ways To Save Money You Haven’t Considered - saving money coins image

Lease Rather Than Buy 

You might think that it’s cheaper to buy a car rather than to lease, but we’re not so sure. Honda contract hire offers and similar possibilities are available at rates that make them far more affordable than shelling out thousands for a new vehicle. Another key benefit is that you won’t have to worry about being stuck with a car for years. Instead, you can make sure that you end the lease whenever you want and select a new vehicle. So, essentially, you have more control over the cars that you choose. You also don’t need to worry about the issue of buying a car that will depreciate rapidly in value. 

Use A Financial Planner 

Something that you should think about doing is using a financial planner. These experts will make sure that your finances are always in order so you don’t have to panic about the state of your finances. What these people do is work out a plan that uses how much money you bring into the household as well as how much money goes out. From there, they will create a financial plan on how you can best save money, and spend it without getting yourself into debt. They can look at moving any loans, credit cards or mortgage to one with a better interest rate which could save you money every month. They will also be able to find where you are overspending, and help you come up with a way to avoid this in future. As such, your finances are going to be in much better shape!

Set Up Savings Accounts 

It’s also worth thinking about setting up savings accounts for you and your family. Savings accounts are great because your money works for you and it will give a hands-free approach to growing your funds. This is something that is worth exploring if you are planning on setting up a college fund for your kids. You might also want to consider this option if you’re saving for a house. It can be a great way to add a little extra money onto your deposit savings. 

Go Green 

Finally, you should think about going green at home and in your personal life. There are numerous ways to do this. For instance, you could think about investing in new technology. The benefit of this is that you will be improving your quality of living and save money at the same time. Each time a new piece of tech comes out on the market it always reaches a higher standard in terms of energy saving. So, it’s definitely worth upgrading. Of course, you can also think bigger and decide to add solar panels to your property. While these used to be expensive, they are now affordable for the typical family home and are well worth considering. 

We hope that you have found this article helpful, and now know 4 smart ways to save money that you haven’t considered. Put this advice into practice, and you’re going to find yourself having more money leftover than ever before.

10 Limiting Beliefs About Money

Our beliefs are the cornerstone of our experience. What we believe decides our actions which in turn lead to our results. But where do these beliefs come from and are they true?

Many of our limiting beliefs about money come from childhood before the age of 7. At that time we are hyper vigilant to the world around us and the influences from parents, caregivers and what we see or hear on TV.

Photo by August de Richelieu from Pexels

Picture the scene, you are staying up late with your parents watching a film or soap on TV. The rich guy is nearly always the villain, selfish, greedy and probably has criminal tendencies. The wealthy family is dysfunctional with rebellious kids and partners cheating on each other. The portrayal of wealthy people is nearly always negative, so too is the likely reaction of those watching. Particularly if young and vulnerable to external influences.

Subconsciously we accept these images and scenes as ‘normal’ and overtime, with repetition, they form our beliefs, for example that rich people are greedy or bad in some way. A consequence of which is that in our young minds we make a decision that this is not the path for us.

“We learn our belief systems as very little children, and then we move through life creating experiences to match our beliefs. Look back in your own life and notice how often you have gone through the same experience.”

–Louise L. Hay

At some point as adults we can learn to challenge these limiting beliefs about money and realise that what we took in as a child is either not true or questionable to say the least.

When we believe something to be true we look for evidence to support it. we need to be ‘right’ to feel good. So if we have a limiting belief that money only comes through hard work we will scan our experience to support that view. For example for a teenager maybe a summer job picking fruit was ‘hard work’ and resulted in getting more money than they were used to. Or working evenings in a restaurant, or Saturday on their feet all day as a shop assistant.

Each validation of the belief acts to strengthen it. Just as placing legs under a table top makes it more stable and likely to endure. 3 legs or more are ‘wobbly’ but bring 4, 6, 8 or more and that table is rock solid.

The trick to explosing that belief is to remove the legs from under the table. Chalneging these beliefs can take some time but can be achieved with a little patience and desire.

So for example if we believe that ‘money is the root of all evil’ here is a questioning technique to work through.

Step 1: Write the limiting belief down. Play detective and follow your thoughts and emotions to discover the limiting beliefs that hold you back. Put them on paper and stare them in the face! You might note how strong each belief is and what emotions they elicit in you.

Step 2: Acknowledge that these are beliefs, not truths! This is often the hardest step. “But, but, my limitations are real!” Here’s the place where choice comes in. Which are you more interested in: defending your limitations to the death or achieving your goals and desires? As author Evelyn Waugh wrote, “When we argue for our limitations, we get to keep them.” You can choose.

Step 3: Try on a different belief. Use your imagination and try on a belief that is aligned with what you want. It might be something like, “My financial difficulties in the past have taught me so much that I’m fully prepared to handle them now!” Or, “The more money I have, the more good I can achieve in the world”

The trick is to go beyond just saying it. You want to really step into this new belief and feel how it feels. Done thoroughly, Steps 2 and 3 will go a long way to dismantling your old limiting beliefs about money or anything else.

Step 4: Take different action. This might feel a little scary, but it’s time to act as if your new belief is true. In other words, if you really are capable and have learned a tremendous amount from past financial difficulties, what steps would you take?  What would you do differently now?

The infographic below comes courtesy of T Harv Eker and may help you look at your limiting beliefs about money in a different way.

Changing limiting beliefs about money. Infographic from T Harv Eker