Get Creative With Your Income To Buy A House

Get Creative With Your Income To Buy A House

Yes YOU can buy a house. With home prices and interest rates on the rise, it's going to be the people with self discipline and self control who'll be able to buckle down and do what it takes to buy their own home. See a Real Estate Market Trends chart here.

 

The real estate market inventory is low for resale homes but new construction is on the rise and for the most part, they're not going to be priced below $300,000.

 

That may sound high to you but don't count yourself out until you've given a true effort!!

 

Everyone should own their own home at least once or twice in their lifetime. I say once or twice because typically the home we start out with may no longer fit our needs after our family size increases or decreases. Or if our job transfers us to a new location, to be closer to family (or not) LOL. Life brings about many reasons why our housing needs may change.

 

First things first-live on a tight budget. It's only temporary, it won't kill you to cutback on some of the wasteful spending for 6 months to a year. And I hate to break it to you but NO!! cable IS NOT a necessity. I haven't owned a TV or had cable since 2009, on purpose. 😄 And I was a TV junkie who used to schedule their day around TV programming.

 

Calculate your necessities which are your housing expenses+transportation+food+personal hygiene+credit card or other important bills+household cleaning items.

 

Divide that amount by your paycheck frequency for example if that amount came out to $1,300 and you get paid weekly then divide $1,300/4=$325 weekly that you put into your expense bank account to pay your monthly bills. 

 

Let's say your household income is $600 weekly that leaves $275 weekly. Take $150 of that and put it into an interest bearing savings account every week. Save the other $125 for unexpected emergencies or car repairs, etc. in a separate interest bearing savings account. That will always be there if you need it, with the emphasis on IF you NEED it. I know how bad you might want that $300 hairstyle but can you live in it?

 

That's the savings part of it, now let's get down to the nitty gritty. You need more income, point blank, period.

 

I don't know why they're contributing the reduction in the unemployment rate to anything other than Uber. Let's keep it real, opportunities such as Uber and Lyft have helped more people become financially self sufficient more than anything over these past few years.

 

  It's easy to qualify, you need a clean background, a vehicle and the will to increase your income. Even if you don't have your own vehicle they make it simple for you by allowing you to borrow someone's car, they have a car rental program and auto finance companies that are more lenient with their credit requirements if you're a rideshare driver. So there are no excuses there, except for if you don't like to drive, but as I stated earlier if you need more income you have to do what you have to do, it's not just going to come knocking at your door. Click here to sign up to drive for Uber. I'm an Uber Driver.

 

Another easy way to make extra money is by sharing your space. Trust and believe people are spending money to sleep on couches in other peoples' homes when they're traveling as well as in tents and RV's in their back yards. We have an Airbnb guest in our spare bedroom at this very moment. Get rid of any fears you have of trying something new, your future is depending on it. Sign up to be an Airbnb host here. I'm an Airbnb host.

 

Ok so you don't want to drive or allow visitors into your home. Get off of the games and write a blog to sell a product online. Affiliate marketing is a genuine way to make extra money but you have to be dedicated to it. I know you like playing those games on Facebook, but can you live in them? Click here to be an affiliate marketer for JVZoo. I'm an affiliate marketer who used to play Facebook games at least 3 hours daily.

 

My point is, there are several ways for people to earn supplemental income by having a side hustle and I've only touched on a few of them here, in these times of new and emerging technology there are gobs of different things you can do to make extra money. See some other ways here.

 

Calculate the $150 weekly that you're saving and add an additional $150 weekly from the "side hustle" of your choice and in approximately 8 months you'll have saved, wait for it.....$10,000 which should be enough for a down payment on your dream home.

 

Well wishes for an abundance of happiness, prosperity and good health to you all. And this is one of my "side hustles" I might get compensated if you sign up under me or buy anything from the Adsense ads. 😁 Oh and I'm a Real Estate Agent too!!

 

#how to save to buy a house #how to make more money #how to live on a budget #buying a home