With all the expenses that go into monthly living and the temptations that come along with life, saving money for the down payment on your new home can be quite a struggle for many people. If you’re having a hard time saving and are wondering what you can do to ensure a higher bank balance next month, here are a few things that may pose a risk getting the home of your dreams.
Paying off the mortgage on your home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments.
So you have reached the point where you have some money in savings that you want to keep for the long term future.
However, you realize that putting it in your run of the mill savings account will likely result in its compound interest rates barely keeping up with inflation.
You are willing to accept a little bit more risk in return for a higher reward and you are interested in investing in the stock market.
Investing can be intimidating for the beginner and there is a lot to learn about the world of stocks and bonds.
Here are a few things to remember when you are first starting out: