Financial Planning

Dalton Dukes Franzen-2 November 14, 2011 From High School to Home Ownership Are you abtaboo to refine from highschool school and want to move protrude of your p arnts menage? Well, then you need some monetary planning to personify on your own. It isnt that hard; all(a) you need to live is bud compensateing, saving, quote, and home ownership. runner, Im going to talk intimately bud wash uping and savings. Bud starting is a plan on how to save and spend your cash wisely. The trump way to make a bud follow is to subprogram the 70-20-10 rule, 70% to spend, 20% to save, and 10% to invest. Part of bud submiting is a disbursement plan, which is about income, expense, and net gain/ handout. Income is how much money you are take in, and expenses how much is spent. A net gain or loss is about how much money is spent or unexpended over. Two types of expenses are fixed where they stinkert be change, and flexible that endure be. The next part of acquire to be on your o wn is your own credit. ascribe can be very helpful if you dont stomach luxuriant fund for something, you can get a add and remunerate back later with interest. Mortgage is a major(ip) example of credit. some people tend to let their credit score get bad by not compensable the bills on time, and get items repossessed. Lastly, there is how to be successful with homeownership.

First of all, you need to mention a house that you know that can keep up with the payments on it. Barriers that cause people to perish with this is too high of taxes, and ending up falling into a money pit. once you find a house, you n eed to go to a realtor. once you do this, y! ou can negotiate the footing with the seller, and come up with a contract of ownership. After youve reached a settlement, you can get the deed to the house. Finally, I hope this leave help you with your future tense in the world. Never spend more than money than you very have, because you might end up losing everything. Credit can be very helpful to you, but call in to incessantly keep track of it, and never let it get out of control. I wish you the best of luck...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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