Your Biggest Asset
There’s a great deal of uncertainty right now, and that can make planning for the future a challenge. Whatever your financial situation, it’s a good idea to take stock of your assets and liabilities. Are you able to cover your expenses if you suffer a job loss or extended illness? How much can you save each month to protect against these possibilities?
Experts has long suggested that everyone should have six-month’s worth of savings. Financial guru Dave Ramsey suggests you start with a $1,000 emergency fund and then save enough to cover 2-6 months of living expenses. That can be difficult to do in a tight economy.
First, consider a financial planning and budgeting app to get organized. Mint is one of the most popular free options. PocketGuard is another great platform. It shows you how much money is available after all your expenses, which can be a real eye-opener.
Second, there are some great apps on the market that can help you save. Qapital lets you set goals and rules, like the round-up rule, which means you can sock away a few dollars or cents any time you make a purchase. It is an effortless way to start building a nest egg, even when times are tight.
Third, consider cashing in your biggest asset. Your home could be the key to your financial stability. If you sell your home, you can purchase a smaller, more economical property and take advantage of interest rates at historic lows. You can check today’s rates at the Consumer’s Advocate website.
If your home needs repairs or updates, getting it ready for market can be expensive. Consider using a home buyer like Zvestors that buys houses as-is. As real estate investors, they can absorb the costs of remodeling your home and offer you the best possible price on your house. You can get an offer and close on the sale in a matter of days and avoid the seller’s costs and fees associated with traditional real estate deals.
Zvestors buys homes in Washington DC, Maryland, and Virginia. Lear more and request an offer on your property at www.zvestors.net. To sell your home right away, contact a ZVestors agent at 703-259-0570.