Smart shopping is a key to stretching your budget. Most businesses require three bids when making any substantial purchase. Whether you re buying a house, insurance, or your weekly groceries, taking the time to comparison-shop can save big bucks. In addition, don t overlook the savings you can achieve by purchasing used goods. I m on the Board of Directors of our local crisis pregnancy center, and we have a thrift shop which supports the center.
Housing is typically the most substantial portion of a family s budget.
When making a housing decision, don t wait for the bank to tell you the size of the loan you can qualify for. Develop a realistic budget, take it to the bank and show them what you can afford. Also keep in mind that it always pays to keep an eye on interest rates. Depending on the circumstances, refinancing your home can be a simple way to save some money. Transportation costs are substantial for most families.