As a new homeowner, there are probably some things you really want to buy. Maybe you would like a new lawn mower, an air conditioner, or some new furniture. Now you must think like a homeowner. Before you buy an expensive item, review your options. Talk with your planning team about other alternatives, such as renting or borrowing a piece of equipment.
Garage sales are often a good place to find second-hand items.
We have stressed that your mortgage payments should be your top financial priority. But you also can't afford to get behind on your utility bills, or you risk having your water, electricity, or gas turned off. If you have a car payment, this is another critical obligation. Let s spend some time looking at how to prioritize your expenses and manage your household budget. Creating a budget Creating a household budget is the first step to managing your money.