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SEARCHA Bit of Finance Advice For You
June 9, 2008
Foreclosures in Pleasanton, Short Sales in Dublin Ranch, the weather, the Boston Celtics – This is what’s hot today.
My point is this – Foreclosures in Dublin and Foreclosures in Pleasanton get there because sometimes personal finance is overlooked.
A few tips to avoid a short sale in Pleasanton or if you are looking to purchase a short sale in Dublin Ranch or a short sale in Pleasanton you need financing and here are some things to do to help your personal finance:
Rule #1 – Only borrow money to buy things that increase in value.
Education, a home, your business. Cash for everything else.
When you use a credit card you borrow money to pay for something. How does it make sense to pay for shoes or a dinner out on a credit card with debt attached already? It is decreasing in value and goes against Rule #1.
If you want to get out of debt and / or buy a house while we are seeing an increase in certain areas, here is what to do.
LIVE BELOW YOUR MEANS
No Dinners out
No new clothing
No coffee in the morning
No cable
No name brands
Carpool to work
Skip Vacation
Rent out a room
LIVE LIKE YOU HAVE NO MONEY
You WILL save thousands and pay off the credit cards. Cleaning up the credit will take less time than you think and you will then be able to buy more things, but this time they will increase in value.
If You Enjoyed This Post, You May Also Like...
- Updated List of Foreclosures in Pleasanton, Dublin and Tri Valley
- Dublin Short Sale Help – What is a Short Sale
- How to buy an investment property in the Tri Valley
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Kris,
Your advice is right on the money!!
As lending standards tighten and maximum debt to income ratios are reduced buyers will be forced to take your advice. Of course they are much better off if they pay down debt prior to looking for a home.
Your post really hit home with me as a lender.
Thanks for sharing and for your help on 742 Del Mar Ave in Livermore.
Best wishes,
Mark Wharton