How to Create a Budget for New Homeowners
Using a house payment calculator isn't the only thing you need to do when considering your monthly budget. There are many hidden costs of owning a home that you'll need to factor in when making this big financial commitment. Knowing how to adjust your budget after purchasing is something you'll want to learn as soon as you can during the buying process to avoid everything from money headaches to foreclosure - something that one of every 200 homeowners face every year. If you learn how to budget, you can help ensure that you'll be able to afford all the expenses of homeownership plus your other bills without having to live off Ramen noodles. And, you're likely to still have at least a little over for fun. Calculate All the Costs of Owning a Home When figuring out your expenses, you need to think of everything related to owning your home. As mentioned, that monthly mortgage payment is just the tip of the iceberg. There are many other things to budget for beyond ...