That means paying less to the government and more money in your pocket. Not only is it a roof over your head, it provides important tax breaks too.

Purchasing a home is probably the single most important financial decision a person can make. Whether saving for your childвЂ™s college career, or your own, the decision to become educated will have a long-term effect. One of the best ways to increase your bottom line is through education. These companies can help consolidate or even reduce your debt blob. The less you have, the better chance you have of surviving a financial crisis. Make the decision to eliminate as much debt as possible.

Speaking of creditors, resist the urge to use plastic. Start with a lower purchase price so youвЂ™re not paying as much to a creditor. ItвЂ™s nice to own a brand new car, but do you know how much youвЂ™re throwing away in interest payments to the bank? Sometimes itвЂ™s better to buy used. The first step is to figure out where all your money is going and how much you have coming in. Our site has a bevy of articles geared toward trimming the fat off your living expenses such as this article here. YouвЂ™d be surprised where you can cut corners. Of course, itвЂ™s hard to stash money if youвЂ™re living paycheck to paycheck, but you need to make the decision to start saving right away, and then stay committed to the task. These money management tools can help you determine how much you need to stash away. You also need to consider how much you spend on food and other living expenses. That doesnвЂ™t mean just enough to cover your mortgage and car payments.

Experts differ on exactly how much, but it ranges between three and six months of your living expenses. First and foremost you should always have money in reserve.

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