I need to save money every month.?
I need to save money every month. How can I lower my Bills? I want to lower my car payment. But I have bad Credit, And I dont know were to start as far as re-fineancing. I am tring to save for a house, But with bad credit I am afraid I will never get into one. Please help Thanks GUys I will add better Details to this one. I Bring home 1600 a month, and the Hubby Brings home about 2000 a month. We dont spend on silly things, we dont go out alot. All our money goes to bills, My car payment is like 461 and Insuance is 150 a month. Along with other expenses Gas, One credit card bill 188 a month. Babystuff...and what not...Odd and ends bills...I am really looking to lower all my bills, but I have bad Credit so I dont know were to start. Any help with this one?
Public Comments
- open a Certificate depoist. you can't get in it to take out the money. that's what I do. And on everything else shop at the sales don't go out to eat all the time and basially just put the money away... ohh and trash your credit cards. don't ever ever use them. get a debit card if you have to but still people who use any kind of card spend 15% more than others. stop using credit cards. start by setting up and paying of your debits. not all at once just slowly. and save.
- I guess we need more details. But seriously sit down with a financial counselor maybe. One of the most obvious answers is just stop spending money. If you stop spending money, it will be saved. That's it. Nothing more to it. No Katie, that's not a good idea. Keep your cards. You need to build your credit. Don't apply for more yet but keep the ones you have but treat credit cards just like cash. If you don't have cash to buy it, don't use credit card to buy it. So use credit cards for essentials but then pay them off completely every month. Otherwise it will take a looooooooooong time to get your credit score up. If you throw away your cards now, forget about the house you are trying to get. Unless you want to pay it cash or something.
- See a credit counselor, they should be able to get you debt free within five years. My neice did it and it worked.
- This is easy, first what state are you from how much do you bring in per month versus your monthly expenses, do you live with your parents or do you rent. all these are factors as to how much you can aafford to save monthly. Let's start with you credit. You need to request you r credit report from all the three bureaus equifax, trans union, and experian. Go over them and dispute any resolved issues. pay off all the smaller bills first,then tackle the larger ones. You can usually ask for a pay-off on the ones that are higher. But before you do that amke sure you have the funds to negotiate. Because depending on your state some of the merchants on your report have probably reached there statue of limitations. Meaning, they can no longer hassel you by law for the unpaid debt. Unless they have contacted you or you have maid arrangements with them for payment, then this will re-open your acount with them to continue adding interest, and the statue of limitations starts all over agin. So be careful, when trying to negotiate. Then once you have done all that, re-request your credit reports to make sure the bureaus have done there part on updating your credit usually takes about 3 months. You do not have to pay for them. you are allowed one free report a year and when you have problems they normally send you one when they have updated as well.Step 2 Refinancing your car, Is you r current payment plan in good standing with your loan of the car? If so after 1 year refinance with the same co. if they offer refinancing. if nit try your bank. If that doesnot work, then try making an extra 50 per month on you r note to a quicker pay-off. step3. You will get a home there are programs and grants for first-time buyers, but it is to your advantage to work on your credit for a lower interest rate. Depending on your state You do not needs hundreds an thousands of dollars for a down payment. Look for sellers who are willing to give sellers concessions, there's 3-4 thousand right there. That means the seller is willing to help you out financilly with buying there home, no this is not to be paid back its a part of the negotiation process. Well i could go on bnut if you need anymore help feel free to e-mail me. Charise good luck and God Bless
