These choices will help me keep finances intact.

There are a lot of decisions I make in life, I’m not proud – just choose to buy ultra-cheap first car, I almost blew up to follow minor accidents . Or choose to run a marathon I was fully aware of the risks of existing knee problems will increase our damage.

However, when it comes to my finances, I actually made some good choices (not including the first car fiasco), and I share their hope that others may be inspired, take a similar route. Here are four I have received a very good move.

1. Do not buy a house at the top of my price range

Back when I was looking to buy a home, I set a budget, so I knew I could afford to market. And my search, I would like to buy a home in the top of my price range on more than one occasion. Technically, I could swing a mortgage payment and associated costs. However, rather than go down this road, I chose a family whose purchase price is a good $ 50,000 less than my maximum expenditure. By choosing a cheaper home, I have more leeway to move in the near future to address the renovation, I have met a lot of pressure, my property taxes rise – a lot – in a few years I did not “regressed able let them lower.

2. Not racking up credit card debt

I have used, because the credit card era of college and I even, sometimes, a maxed out. However, I very happy to say that I have never actual credit card balances accrued interest – I always pay my bills when they come due wholly to do this to save the world’s my money, it also helps me to maintain a good credit score in fact, when I applied for my mortgage, I was able to meet some of the most favorable price, because my grades in such good condition.

3. the establishment of a contingency fund

I got from the moment I first job in high school, a little voice in my head encouraged me stick a chunk of my income into the bank. and in my entire adult life, I have It must be made Emergency savings. For me, this is enoughMoney about six months of living expenses covered, although some people can escape more like three months. Contingency fund, in turn, come in very handy things like car repair and house -R elated problems. It also saved me from wasting money racking up debt and interest expense

Let us know: I made my share of mistakes in life finances. (I mentioned my first car disaster?), But I’m really glad I made the above move, even though it is not always easy.