Rules for Saving & Paying Down Debt

Saving money can be such a challenge for most of us.   When it comes time to buy a home or invest in real estate it can become even more of a struggle.   With mortgage financing, we must be sure to keep our debts low, while having  enough assets on hand to get our loan approved.  We will need to consider the budget for new mortgage payments while paying of credit card or consumer debts each month.  AND we must be mindful about putting money away into a 401K or other investments and maybe having a little extra to enjoy life. 

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Below are 7 simple rules for saving your money and paying off debts. Following these rules will make it easier to get where we’d like to be financially before taking the steps to get your dream home. 

 

1. Automate It! 

Most places of employment offer direct deposit. Use that to your advantage. Set your direct deposit up for a portion of your paycheck to be deposited into several different accounts. One for your 401K, another into a savings account for the purpose of emergencies, also an account to save for home projects, vacations, etc. Then, set up your bills to be paid automatically. It would be beneficial to check with your loan holders to see if that would be an option. Ultimately, it comes down to this: if you can’t see the money then you won’t have the temptation to spend it.

 

2. Know How to Prioritize

Should you start paying down debt or saving first? Which debts should you start with? You need to know how to prioritize and compare the numbers. First, start by checking the interest rates on your loans and credit cards. The higher the interest rate, the more of a priority that should be to pay off. Save any extra money you get. Tax return? Put that into savings! Get a raise at work? Automatically deposit that extra percentage into savings each month. Eventually, you will have enough in that account for a nice down payment on your home. 

 

3. Imagine Your Future Self

Where do you want to be in 5 years? 10 years? 20 years? Owning your own home? Not drowning in debt? Studies show if you imagine where you’d like to be in the future that will motivate you to take the necessary steps for the purpose of achieving those goals.

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4. Stop Unnecessary Spending

Take a good look at your finances and what you spend money on regularly. Do this with the intention of determining what can be dropped or scaled back on. Maybe a gym membership that you pay for monthly and only go once every 3 months or so. Another common unnecessary expense is cable TV; streaming services are cheaper, and they have a great selection. Additionally, rather than getting a coffee at Starbucks every day, make your own coffee at home. You may be surprised to know that could save over $100 a month. Also, eat meals at home instead of going out to eat. Even dropping one expenditure mentioned will make a huge difference on your bank account. 

 

5. Reward Yourself

You can’t live your life to save and pay down debt. Every now and then you need a reward for all your hard work. Use that as a motivation to save. Got a bill paid off? Get yourself something! Reached your goal on an amount of money you wanted to save? Treat yourself! Be sure to make these rewards sensible, but you could be getting perks while saving and paying off bills.  

 

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6. Take Advantage of Bank & Credit Cards Offers & Rewards

Take a good look at your credit card rewards, it may surprise you what they offer. There may be an opportunity for you to receive a percentage of what you spend in cash back. Who wouldn’t benefit from that? Make sure your bank account doesn’t charge you a monthly maintenance fee. If it does, research how to waive it or get a different account.

 

7. Start Young (Its never early or late to Start)

If this applies to you, pay attention. Starting off at a young age will set you up in the future. Even if you’re working at your very first job, you can start taking the necessary steps. Apply the rules above and your savings will grow faster than you could ever anticipate.

By following these rules, you can save, pay off debt   Whether your goal is to save for a home or prepare for the future, it’s all possible with a little hard work and knowledge on your side.

Think that your credit is hopeless and that you may never be in a position to buy a home? Don’t!  There is always a way with a good plan and a good team.  We have helped so many buyers get into homes when they thought it would never be a reality for them.  We have a great team that can help you build the roadmap to get there.  Want to know more about how to get started?  Let’ Connect

Credit: NPR Public Radio – https://www.npr.org/2018/12/12/676120025/get-started-saving & http://time.com/money/4266906/save-for-new-home-tips/

Posted on January 3, 2019 at 6:23 pm
John and Tracey Tindall | Category: Costs and Spending, First Time Home Buyer, Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , ,

What documents to keep and what to toss?

Tax time again and a mound of documents and not sure what to do with it all?

Hopefully you made it through another tax season and found all of your documents needed to file your return.  Now, what documents do you need to keep and which ones should you toss?   Here’s a little guideline which will help you with clearing out the old paperwork, but not throwing away anything that you might need later.

What to keep and what to toss?

 

John and Tracey
Keeping it Real…Estate

John and Tracey Tindall

208-818-2365 or 2456

www.johnandtracey.com

johntindall@windermere.com

traceytindall@windermere.com

Posted on April 18, 2017 at 6:13 pm
John and Tracey Tindall | Category: Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Best ROI when Updating Your Home to Sell

Thinking of selling and want to spruce up your home before hitting the market?   Surprisingly you should think small when making renovations and updates for the best ROI.

If you are like most of our clients you may have a laundry list of things you believe you need to your home before you sell it.  Some of the things may be costly and in the end will not improve the sale-ability of your home or even provide a good return on your investment investment.     Here are some tips to consider:

If you are thinking of selling , lets meet up and we can work with you to develop a plan for success.  The right improvements to increase the sale-ability of your home while being kind to your finances.

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on March 16, 2017 at 11:07 pm
John and Tracey Tindall | Category: Home & Projects, Listings & Selling your Home | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

January’s Market Update – Is this a good time to sell?

Is this a good time to sell?

Here is your housing snapshot for January 2017  showing an increase of 10% in median home prices and time on market down 5% in Kootenai County.   If you are a seller who is on the fence about putting your home on the market, this snapshot is a good indication that this might be a very good time for you to sell your home.

A market offering higher median home prices,  shorter closing time frames and less inventory will give sellers who decide to list now have some real advantages especially this time of year.

Listing your home before the masses who wait for better weather in April and May can give you the edge for success.  Low inventory combined with a large number of qualified buyers creates competition for your listing.  Many buyers have already lost out on another home and these buyers are ready to pounce once your listing hits the MLS.  Homes that are show ready and priced right are garnering multiple offers at full price and often offers over full price!

If you would like to be kept up to date on the market or know more about selling your home or the value of your home, contact us and we will be happy to provide you with a customized market analysis.

 

Kootenai County Snapshot for January 2017

 


 
Johnandtracey
John and Tracey
Your Professional Agents

 
208-818-2365 John         johntindall@windermere.com        
208-818-2456 Tracey     traceytindall@windermere.com
Website                               www.johnandtracey.com

 

 

Posted on March 3, 2017 at 6:08 am
John and Tracey Tindall | Category: Costs and Spending | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Considering a Remodel? 4 Points to Consider

Thinking of remodeling your home? Maybe you are looking for a home to buy that might need some remodeling?   To Remodel or Not… 4 Points to consider when taking on a remodel project and understanding the benefits and challenges.

As with anything in life, a remodeling project can come with its ups and downs. Certain phases seem to go a mile a minute, while others feel like they’ve lasted a lifetime and a half, all while it looks as though nothing is being completed. Fear not — this is pretty typical. And, while every project is different, a good portion of renovations have four major phases, what I’m calling the Honeymoon, the Midproject Crisis, the Renewal of Vows and the Happily Ever After.

For now, let’s take a closer look at the Honeymoon phase of renovating….read more

 

Honeymoon 1: Homegrown Decor, LLC, original photo on Houzz

 

After weeks of searching for a remodeler in your area, calling references, checking out their Houzz profile and working toward an agreeable price, you say, “I do,” sign the contract, finalize the design and begin work in two weeks. There’s a little nervousness in the air, but as you enter the Honeymoon phase, the mood is mainly one of excitement.

 

Demolition Begins

A couple of weeks go by, and the day comes for work to start. Protective products are placed, and demolition begins. Demo, sweet, demo. Normally one of the quickest moving stages of a remodel, demolition makes it look as if a lot of work is being done practically overnight. Cabinetry is removed, walls are torn down, appliances are taken away and, in a matter of days or weeks (depending on the size of your project), you’re staring at a blank canvas.

After that, any necessary framing and structural work will begin. Framing usually isn’t as exciting or fast-paced as demolition, but still, there is visible progress almost daily. At this point, you and your partner are walking on air. The rate of work is astounding, and you’re still very excited (although maybe a little less nervous now) about the entire project…..read more

Posted in Houzz.com by Houzz.com

 

 

Posted on February 18, 2017 at 7:23 pm
John and Tracey Tindall | Category: Home & Projects | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Life on the Lake

Hacked By GeNErAL

Posted on August 1, 2016 at 7:46 pm
John and Tracey Tindall | Category: Best of CDA, Life on the Lake, Things to Do and See in North Idaho | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Home Tour – 1476 W Watercress, Post Falls / Meadow Ridge

Looking for the home that has it all?  You have found it! 

You need to see this gorgeous home offering high end finishes and beautiful mountain views. Located in desirable Meadow Ridge. Country feel yet close to everything. This home has it all with granite, tile, hardwood, large master suite with spacious walk in closet, tiled shower, jetted tub, 3 car tandem garage and 20×40 paved RV pad behind large gate. Fabulous kitchen with lots of counter space, storage and light. Elegant cathedral 10’ foot ceilings, gas fireplace, luxurious formal living and dining, spacious family room, custom railings, large laundry room, AC, fully fenced and READY for your SHOP (at least 20×40) This home has been PRE-INSPECTED and is move in ready and comes with a 13 Month Home Warranty

MLS:16-1042  

 


 
Johnandtracey
John and Tracey

 

Your Professional Agents

 
208-818-2365 John        johntindall@windermere.com        
208-818-2456 Tracey     traceytindall@windermere.com
Website                         www.johnandtracey.com

 

Posted on July 10, 2016 at 10:04 pm
John and Tracey Tindall | Category: Keeping it Real - With John & Tracey | Tagged , , , , , , , , , , , , , , , , , , , , , , , ,

YouTube Channel Launched!

 We are super excited to announce the launch of our YouTube Channel!  

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Keeping it Real…Estate with John and Tracey will be your site to learn more about the real estate industry, beautiful North Idaho and experience a "real" tour through a variety of homes. 

We will cover topics for the first time home buyer, investors, those who want to build, lending questions, what to look for in an agent and more.  Stay tuned!    

We will have a mix of serious business and fun while always keeping it 100% real.   Se sure and subscribe to stay up to date. Ask us a question on line and we will try to answer it in one of our future videos!


Johnandtracey 

 

 

John and Tracey

Your Professional Agents

 
208-818-2365 John        johntindall@windermere.com        
208-818-2456 Tracey     traceytindall@windermere.com
Website                         www.johnandtracey.com

 

 

 

 

Posted on July 7, 2016 at 5:31 am
John and Tracey Tindall | Category: Keeping it Real - With John & Tracey | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How will this election effect our Real Estate Market?

Election season is here.  Will this next election have an impact on our real estate market?  Here is what Windermere’s Chief Economist, Matthew Gardner, has to say about this subject.

Here in North Idaho we are enjoying a very healthy real estate market and we all want to see this continue.  I know we all have our candidate and beliefs about who should be in office and what they can accomplish – I am no different.  I do believe once we have a new president elect in office and things settle in, we will be back on track, no matter who is elected… my candiate or yours 🙂 

 

Posted on July 5, 2016 at 8:25 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Coming Soon! 1168 W Starling in Hayden

Great home coming soon!   More details

4 beds3 baths2,794 sqft

johnandtracey.comSpacious and well maintained rancher with full finished basement in Grouse Meadows. Custom built home offering 2794 sqft. Open living room, large kitchen with skylights and tons of counter space, breakfast bar and two pantries, AC, Main floor master suite with walk in closet, beautiful low maintenance stone flooring, new laminate. Oversized 2 car garage with additional heated storage which could be great craft room or man cave. Large fully fenced yard with mature landscaping, garden area, sprinklers and ample RV parking. Within 10 minutes to Honeysuckle Beach or the Kroc Center and just 5 minutes to dining and shopping. This home offers a roofing credit and you can pick your colors. PRE-INSPECTED and offers a 13 Month Home Warranty and is ready for you! 

 

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on June 25, 2016 at 12:34 am
John and Tracey Tindall | Category: Coming Soon! | Tagged , , , , , , , , , , , , , , , , ,