In parts one and two of this (now) three-part series dedicated to helping folks learn how to budget to save up for their first house, we offered up a handful of general tips to help save money. Among the advice given were tips about using a few different budgeting apps, how to take a sober look at your expenses and evaluate where you could save money, and some advice regarding how you should take some time to think about what kind of house you want.
Of course, we’d encourage you to go back and read parts one and two before you move onto part three, but either way, we’ll be happy to continue offering up some financial advice to help our readers out! Before we dive straight into the meat and potatoes of today’s blog, however, we’d like to remind our prospective customers of their ability to get emergency cash in Texas through our payday lending company Your Loan Depot.
Cash Advance In Texas
If you are looking for a trustworthy payday lender in Texas, look no further than Your Loan Depot. We do our very best to break the stigma that payday lending companies often have — that we are loan sharks looking to exploit people, among others — by empowering our customers to make the best financial decision for their unique situation. While we can’t control what other payday lending companies might do, we can take responsibility for our own business in terms of how we operate.
We take the time to explain the fine print to you. We walk you through each step of the process so you are sure you understand the terms of the repayment plan. This way, you can take stock of your financial status and decide if getting the emergency cash you are looking for is worth the cost of the interest of the payday loan. Whether it’s for paying a medical expense, rent, car repair, food, an investment opportunity, or something else altogether, we don’t discriminate. We want to provide people the option of getting a cash advance when the banks and credit unions tell them they don’t have the credit to qualify.
At Your Loan Depot, we make the payday loan process both simple and affordable. You can borrow amounts of up to $1,000. Plus, we do our best to be the fastest payday lender in Texas! We understand that when you need cash fast, it means fast. Keep in mind that if you need more than $1,000, we also offer car title loans, from which you can receive a cash total as much as $10,000!
Saving For Your First Home
Now that we’ve covered what we can do for you in the short-term, we’ll be spending the rest of today’s blog doing what we did in parts one and two — dispensing financial advice to our readers like there is no tomorrow!
Fair warning: if you thought that the first two blogs were full of challenging tips, you haven’t seen anything yet! Today’s suggestions might frustrate you a bit, but keep in mind that they are merely suggestions. No one can decide what’s best for you and yours…besides you! That said, sacrificing in the present for the sake of the future is one of the hallmarks of being a mature adult. You can do it!
Improve your credit score
We talk about attacking your credit card debt with any and all available financial resources that you might have, and there’s good reason for that. The sooner you can pay off your credit card debts, the sooner you’ll be able to get out of the red and work on improving your credit card score. We’ve dedicated entire blogs to the topic in the past, but for the purposes of today’s post, we’d recommend doing two things: paying off your current credit card balances and making sure you avoid applying for new credit cards. It’s easy to get caught in a vicious cycle of sorts, so just refrain from signing up for your favorite department stores’ special credit card altogether — even if you can save a whopping 20 percent off your purchase at checkout!
Be Realistic About Your First Home
We’d never tell you to shoot for anything less than your dream home, but what if your dream home is completely out of reach, financially speaking, while your family continues to grow? Being realistic about what kind of house you are able to afford is important in a case like this. Simply because you aren’t aiming for your dream home at the moment does not mean that you’ll never be able to. In fact, it’s a healthy thing to set short, medium, and long-term goals. That’s why we’d recommend finding a house that meets your practical needs first. If you are able to find one that aligns with your aesthetic goals, even better! Just make sure you have enough bedrooms and bathrooms first!
Also, while we are thinking about it, we’d advise you look into homes that could use some work. If you are a handyman or woman, you could shave off tens of thousands of dollars by going the “fixer upper” route. If you aren’t of the DIY variety, you can still save plenty by choosing a house that could use a facelift. Once you find yourself in a better financial situation, you can make the choice of giving it said facelift or just moving onto your next home!
Buy A Home In The Winter Time
It might sound a bit strange at first, but there’s something to this, folks. Most people are out and about home-shopping during the spring, summer, and fall. The increased demand leads to natural competition, which in turn causes prices to jump up a considerable degree.
That’s why we recommend purchasing your first home in the winter. According to NerdWallet, be patient enough to buy a home in the winter time can save you up to $20,000 when compared to the spring and summer!
Ask For Gift Money, All The Time
This might sound a bit awkward at first glance — because it is. But, we aren’t saying you should proactively ask every one of your family members and friends for cash gifts. Instead, we would simply suggest that you reply with the answer, “cash, please”, anytime someone asks you want you would like for a gift. Every little bit helps, folks!
Get A Second Job, Or At Least A Side Hustle
Many people don’t have time for a second job. And yet, we’d wager there are many more folks out there who do have time for a second job, they just aren’t really into the idea of working more than 40 hours a week. Hey, we can’t blame you, but if you are in a difficult financial situation, you need to claw your way out one way or another. If you are in a dire financial position and you have aspirations to become a homeowner within the next few years, then you really need to kick your rear into gear.
Still, there are those of us with familial commitments and other obligations that make working two jobs simply impossible. If that describes you, we think you should consider a side hustle of some kind. The “gig economy” is ever expanding these days, which means you don’t have to work a typical job like you might have had to just a few years ago. Got a car? Drive around for a handful of hours each week and start saving! Do you like dogs? Start a dog-walking business! Are you a collector? Start wheeling and dealing on eBay or Craigslist! You’ve got options!
We might just dedicate an entire blog to the topic, so keep an eye out for exactly that in the near future!
Get Your Texas Payday Loan At Your Loan Depot!
We do our best to cover both the short and long term here at Your Loan Depot. If you need emergency cash, you can fill out an application online to get the payday loan process started. We are efficient and thorough to help make sure you are squared away as soon as possible.
If you are looking for long-term financial advice, just keep reading our blogs! There is plenty more where these came from! Thank you for reading, and we hope that your house-hunting ventures pan out well. If you have any questions about our lending services, reach out to us today, or visit your nearest Your Loan Depot location!