I thoroughly enjoyed my class and the instructor was fabulous...she is teaching us how to be frugal for the financial goals we wish to attain...(i.e. for myself I want a home)....
Because I am a visual and mental (
NOT that kind of mental) person....I like a chart to look at when it comes to my monthly expenses....my goals. So next weekend I plan on buying a huge bulletin board so that I can begin charting my expenses....creating a large "
house jar" (and yes I will have a nice pretty label on it)....to set aside some extra
money and find a fabulous picture of what I consider my dream home to tape on my board.
I want to be constantly reminded
WHY I am sacrificing for my
American dream.......
According to the instructor she stated
if your credit score is NOT at least
750 or
higher DON'T BOTHER buying a home until you fix it.
WHY???Because these fly by night loan vendors (you know the ones who deal with high risk clientele) are being reigned in
a bit due to the horrid housing market (for sellers at least)....are not as rampant as before when dealing out the
$$$$$She relayed a story (which hit home with the class) in that she knew of a lady who received a home loan at a
12% rate............by the time she pays off this loan her house would have cost her an extra
$250.000. I was like...........................
wowSo now I am going to tighten the belt....see where I can save and how and continue going to these classes....
EXCITED!