Home Improvements – Now and Later

Key Takeaways

  • Think about making your home improvements in terms of immediate, short term, and long term.
  • Planning, budgeting and financing your home improvements are three important steps in ensuring you are able to make the improvements you need to enjoy your home, as well as to get a better return on your money when you sell it.
  • You can do some improvements yourself to save some money, but leave the complex work to professionals who know the codes, regulations and can ensure the work is done right so you don’t run in to issues when you go to sell your home.

Leveraging Expenses

Key Takeaways

  • There are actually ways you can use your expenses as leverage to help you pay off your debt and save more money.
  • Developing a budget, paying your bills on time, and prioritizing expenses helps to gain clarity of your financial picture, keeps your expenses low and credit ratings high, and helps you build a strategy to best leverage your expenses to save money.
  • Prioritizing your expenses helps you take advantage of tax levers that can ultimately help you save more money over time.

Complexity of Student Debt

Key Takeaways

  • It’s important to know your options in choosing a loan to fund your education as there are big differences between federal and private loans.
  • Federal loans have several flexible repayment options whereas private loans do not.
  • Paying your first loan payment on time and in full helps build your credit and keep it high so you can reduce interest expense on other loans.