5 Secret Sources of Down Payment Money

 

clip_image002Tara Nelson

Down payment: the mere utterance of the term strikes dread in the hearts of many a homebuyer-to-be. Coming up with a down payment often seems like an obstacle that must be overcome, as it is the biggest test of our ability to save money most of us will ever face and it’s a test that stands between us and our ability to become a homeowner.

I think it’s time to flip the script on how we think about down payments. What if we looked at them less as an obstacle, and more as an opportunity? Saving and collecting a down payment takes time, discipline and financial planning. It forces us into creating and practicing sound money management skills and habits, and into making clear choices about what’s important to us – things that will stand us in good stead throughout our tenure as home owners. To boot, the more money we have to put down, the more choice we have in terms of our purchase price range and the more control we have over our monthly payment.

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9 ways to cut summer energy costs

By Kimberly Palmer of U.S. News & World Report

Cool can be costly

With energy costs on the rise, this summer could be sweaty — and expensive. But there are some easy ways to trim your cooling costs without suffering through 90-degree evenings, sans air conditioning. In fact, if you start preparing for the coming heat wave now, you can probably save a few hundred dollars. You’ll also be doing the environment a favor, since the Energy Department estimates that half of a household’s overall energy usage goes toward heating and cooling costs.

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