Personal Credit Coach

Gen Z Got It

Stephen Leifer - Tuesday, May 07, 2019
Gen Z Got The Memo: Owning A Home Is Worth It More Than Half of Gen Z Already Saving for a Home, Motivated by Current Homeowners of All Ages Who Say the Satisfaction of Owning Outweighs the Challenges The youngest generation of homebuyers is not dragging their feet. According to Bank of America’s Homebuyer Insights Report, 59 percent of prospective homebuyers between the ages of 18 and 23 want to buy within the next  ..

How to build a budget and save for your down payment

Stephen Leifer - Tuesday, February 27, 2018
One of the most daunting parts of buying a home is saving up enough money for a down payment. While there are plenty of low down payment loan options (https://admortgage.com/blog/low-payment-home-loan-options/), even smaller down payments require a fairly considerable amount of cash. There are some alternative ways to get a downpayment—like getting gift payments (https://admortgage.com/blog/guide-gift-payments/) for example—but most people will save money for a down payment. In o ..

Building Your Best Budget

Stephen Leifer - Wednesday, June 28, 2017
Budgets are not one-size-fits-all. There are plenty of options out there and if you are able to find a system that works for you, even if you need to tweak it a bit to meet your needs, you are more likely to stick to it long-term. Here are a few sample budgets, as well as information about who they are best suited for: 50/30/20 Budget This budget allots the bulk of your earnings to your needs (50%), 30% to your wants, and 20% to paying debt and savings. This i ..

When Should You Start Saving? The Answer’s Always Now!

Stephen Leifer - Friday, April 28, 2017
Create a Budget The best way to make saving money a possibility is to create a monthly budget. Doing so, you will be able to get a handle on your monthly expenses,You would be surprised to find all the places that your hard earned money goes. Take a few minutes and see which of those expenses can be cut or at least reduced. Then compare those expenses to your monthly income and figure out how much you have left over. You then can decide how much of that leftover money you want  ..