29/08/2024
𝗠𝗼𝗻𝗲𝘆 𝗧𝗶𝗽𝘀 𝗳𝗼𝗿 𝗙𝗶𝗿𝘀𝘁-𝗧𝗶𝗺𝗲 𝗛𝗼𝗺𝗲 𝗕𝘂𝘆𝗲𝗿𝘀:
𝗣𝗔𝗬 𝗢𝗙𝗙 𝗔𝗟𝗟 𝗗𝗘𝗕𝗧 𝗔𝗡𝗗 𝗕𝗨𝗜𝗟𝗗 𝗔𝗡 𝗘𝗠𝗘𝗥𝗚𝗘𝗡𝗖𝗬 𝗙𝗨𝗡𝗗
When you asked for first-time home-buyer tips, you probably didn’t expect to hear about paying off debt. But it’s hands down the most important.
Why? Because owning a home is expensive—trust me, maintenance and mishaps add up fast. It’s hard to maintain margin in your budget when you’re paying the costs of homeownership on top of your debt payments, and that’s a recipe for stress.
So, before you even think about buying your first home, pay off all your debt. You should also save an emergency fund of 3–6 months of expenses to cover unexpected costs. :)