Money Made Easy: Texas Lending Offers Advice on Saving Money

texas-lending-financingFor many first-time homebuyer hopefuls, saving enough money for a down payment is a seemingly insurmountable obstacle. However, the following tips provided by Texas Lending money experts will help you get closer to your goal in less time than you think.

Assign a dollar amount to your purchase. When considering a new handbag or set of golf clubs, for instance, look at the price in terms of how many hours you have to spend at work just to pay for that item. According to Texas Lending representatives, when you look at things in terms of your time, you gain an entirely new perspectives on the value of money.

Quit throwing away money on food. Western culture is one of waste and the average American throws away more than $30 each month in leftover food. Texas Lending financial professionals say this is just one area you could be saving several hundred dollars per year. Eating brown bag lunches and second day leftovers can fatten your bank account more than $350 annually and that does not account for savings associated with not dining out. Skip the fast food line and you may save an additional $200 a month or more, says Texas Lending mortgage representatives.

Consider cash. Take the time to create a budget and stick to it. Texas Lending representatives suggest including a set amount of cash each month for non-necessary expenses. This will give you the chance to treat yourself within reason and help you keep tabs on your cash flow.

Forget paying full price.  Just don’t do it. In a world where the best prices are only a click away, Texas Lending representatives say you should never pay retail for anything. This is especially true for large purchases such as electronics and automobiles. A little research can save you thousands of dollars — money you can put toward the home of your dreams.

4100 Alpha Rd

Suite# 112

Dallas, TX 75244

NMLS# 137773

NMLS# 138112