Posted by Competitive Edge Real Estate Services on 11/13/2018

Personal financial in your twenties comes with a steep learning curve. One minute youíre studying for your finals and the next youíre expected to suddenly know about APR financing, 401(K)s, and fixed-rate mortgages.

If youíre in your twenties and are facing these new challenges, youíre probably equal parts terrified and excited for the future. And, although it can be anxiety-inducing to step into the world of personal finance, you have one tool to your advantage that your parents and grandparents didnít have: the internet.

So, in this article, weíre going to give you some tips about buying a home and managing your finances in your twenties.

Have an emergency fund

You probably have a lot of things you want to save for. Down payments on mortgages and auto loans, saving money for traveling, beginning your retirement funds, and maybe even starting a family; theyíre all important investments that will take time and financial planning to achieve.

However, one thing that many young people neglect when they first start saving is an emergency fund. There are any number of things that can throw a wrench in your plans in your twenties. You might lose a job and have to live off of savings while hunting for a new one. Maybe something goes wrong with your car and it costs hundreds to repair. Or, you could have unforeseen medical expenses that arenít covered by your insurance. Regardless of the reason, having an emergency fund will help you stay out of unnecessary debt.

Itís recommended to have at least 6 months of living expenses saved in your emergency fund. Once you have this amount saved, itís a good idea to keep it in a separate account to avoid spending it on things that arenít exactly an emergency.

Donít live above your means

We all know that buying a house, going to college, and even buying groceries are all exponentially more expensive than they used to be. However, itís still important to try to adjust your lifestyle to the things you can afford.

This includes the vehicle you drive, the first home you buy, and even smaller purchases you make.

Avoiding lifestyle creep

Related to our last point about living above your means, lifestyle creep is the phenomenon that occurs when you get a raise or a higher paying job: the more we make, the more we spend. However, itís possible to avoid this trend by keeping your finances in check.

The next time you get a raise, make sure that money is put to use in either your retirement fund or savings account. This method is based on the goal of ďgiving every dollar a job.Ē When every dollar you earn has a purpose, youíre less likely to spend it on new video game consoles every six months.





Posted by Competitive Edge Real Estate Services on 11/10/2018

Look no further! Pristine 40' Cape/Colonial tucked away loaded with upgrades & updates. Sparkling new stainless appliances & quartz counters, 8 x 30 ceramic tiled floors, light fixtures that offer bright, light prism effect. Huge welcoming screen porch with newly added custom features overlooking scenic & private yard. Spacious cathedral living room, recessed lights, oversized family room, recessed lights & 1st floor bedroom offering new carpet and soothing new paint throughout. Awesome master bedroom suite, pendant lighting & walk in closet, lovely master bath, jetted tub. Guest bedroom & guest bath with walk in shower with seat, privacy galore. Cool light fixtures & tasteful decor, lower level office, brand new energy efficient boiler, extra electric panel and oversized shed for plenty of storage. Minutes to major routes

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Posted by Competitive Edge Real Estate Services on 11/9/2018


272 East Street, Tewksbury, MA 01876

Single-Family

$519,900
Price

7
Rooms
3
Beds
3
Baths
Look no further! Pristine 40' Cape/Colonial tucked away loaded with upgrades & updates. Sparkling new stainless appliances & quartz counters, 8 x 30 ceramic tiled floors, light fixtures that offer bright, light prism effect. Huge welcoming screen porch with newly added custom features overlooking scenic & private yard. Spacious cathedral living room, recessed lights, oversized family room, recessed lights & 1st floor bedroom offering new carpet and soothing new paint throughout. Awesome master bedroom suite, pendant lighting & walk in closet, lovely master bath, jetted tub. Guest bedroom & guest bath with walk in shower with seat, privacy galore. Cool light fixtures & tasteful decor, lower level office, brand new energy efficient boiler, extra electric panel and oversized shed for plenty of storage. Minutes to major routes
Open House
Saturday
November 10 at 12:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 272 East Street, Tewksbury, MA 01876    Get Directions

Similar Properties





Categories: New Homes  


Posted by Competitive Edge Real Estate Services on 11/9/2018


272 East Street, Tewksbury, MA 01876

Single-Family

$519,900
Price

7
Rooms
3
Beds
3
Baths
Look no further! Pristine 40' Cape/Colonial tucked away loaded with upgrades & updates. Sparkling new stainless appliances & quartz counters, 8 x 30 ceramic tiled floors, light fixtures that offer bright, light prism effect. Huge welcoming screen porch with newly added custom features overlooking scenic & private yard. Spacious cathedral living room, recessed lights, oversized family room, recessed lights & 1st floor bedroom offering new carpet and soothing new paint throughout. Awesome master bedroom suite, pendant lighting & walk in closet, lovely master bath, jetted tub. Guest bedroom & guest bath with walk in shower with seat, privacy galore. Cool light fixtures & tasteful decor, lower level office, brand new energy efficient boiler, extra electric panel and oversized shed for plenty of storage. Minutes to major routes
Open House
Saturday
November 10 at 12:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 272 East Street, Tewksbury, MA 01876    Get Directions

Similar Properties





Categories: Open House  


Posted by Competitive Edge Real Estate Services on 11/9/2018


272 East Street, Tewksbury, MA 01876

Single-Family

$519,900
Price

7
Rooms
3
Beds
3
Baths
Look no further! Pristine 40' Cape/Colonial tucked away loaded with upgrades & updates. Sparkling new stainless appliances & quartz counters, 8 x 30 ceramic tiled floors, light fixtures that offer bright, light prism effect. Huge welcoming screen porch with newly added custom features overlooking scenic & private yard. Spacious cathedral living room, recessed lights, oversized family room, recessed lights & 1st floor bedroom offering new carpet and soothing new paint throughout. Awesome master bedroom suite, pendant lighting & walk in closet, lovely master bath, jetted tub. Guest bedroom & guest bath with walk in shower with seat, privacy galore. Cool light fixtures & tasteful decor, lower level office, brand new energy efficient boiler, extra electric panel and oversized shed for plenty of storage. Minutes to major routes
Open House
Saturday
November 10 at 12:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 272 East Street, Tewksbury, MA 01876    Get Directions

Similar Properties





Categories: Open House  




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