5 Things Homeowners Waste Money On – When you are a homeowner, there are a ton of responsibilities that fall on your plate, and these responsibilities can be expensive. The trick is determining what you should spend large amounts of money on and what you need not waste money on. Here are 5 things homeowners waste money on, to assist you in keeping your cash in your pocket.
When you buy a new appliance, sales people will tend to persuade you to purchase the extended warranty. Do not fall for it! Your appliance will most likely not break down in the time of the extended warranty anyway.
You should always be looking around to find the best insurance policy for your current situation. The one you purchased a decade ago, probably does not meet your needs now.
Furnishing Your Home
When you become a homeowner and throughout the time that you are living in your home, your taste in interior changes. Do not quickly furnish your home within a month of living there. Give it some time and let your style develop.
Energy inefficiency is an expense you do not want to pay, but will have to deal with when you move into a home. Perform an energy audit on your home to make sure you are not wasting your hard-earned cash.
Private Mortgage Insurance
The best possible time to overpay on your mortgage is in the first few years. While the 20 percent down payment is promising at the beginning, you often overpaying as much as $100 per month.