Robin Tanner's Blog
If it always seems like your money disappears as fast as you earn it, you're not alone. All too many people live from paycheck to paycheck -- even when their income is well above average.
Why is this condition so widespread? Well, the reasons are as varied as people's spending habits, lifestyles, and financial obligations, but there is one factor that is often overlooked: self-defeating attitudes toward money. Here are a few examples you may be able to relate to:
- "I don't have the time or patience to compare prices." The truth of the matter is that it doesn't really take that much time to do a few quick price comparisons when you're in the supermarket, department store, or on the Web. During the course of a typical week, you probably make dozens of spending decisions, many of them almost unconsciously. By simply increasing your awareness of how much you're spending and what the alternatives are (if any), you can often save hundreds of dollars a month.
- "People who use coupons are penny pinchers." Although the term "penny pincher" is frequently used to describe someone who's stingy or overly careful with their spending habits, some people consider it a badge of pride to be frugal and careful with their money. It's all a matter of perspective. There are numerous blogs, small businesses, and newspapers that have no reluctance about including the words "penny pincher" in their name While few people want to be thought of as cheap or stingy, frugality has different connotations. It's associated with being economical and thrifty.
- "I don't want people to think I'm cheap." This can be a tough self-defeating thought to overcome because it's often so deep rooted. However, if you're a compulsively high tipper or often feel obligated to pick up the check at restaurants (rather than splitting it with your fellow diners), this could be a contributing cause of your budgetary problems. Generosity is a wonderful thing, as long as it's not based on a desire to be liked, accepted, or approved of by other people. As a side note, concerns about being perceived as "cheap" is one reason some people don't take a closer look at their retail receipts, restaurant bills, and other invoices. Remember this: There's nothing cheap about being unwilling to pay extra for cashier or restaurant staff mistakes -- which are more common that you might think -- and unauthorized or redundant fees on bills.
Believe it or not, the costs associated with selling a house can add up quickly. If a home seller fails to budget accordingly, he or she risks costly, time-intensive home repairs following a property inspection. Perhaps worst of all, this scenario may force a home seller to miss out on an opportunity to get the best price for his or her residence.
With a home selling budget in place, you can increase the likelihood of a profitable home selling experience. If you know what it takes to set up a home selling budget, you may be better equipped than ever before to streamline the home selling process.
Now, let's take a look at three tips to help you establish a home selling budget.
1. Assess the Condition of Your House
Before you list your house, it helps to perform a comprehensive home assessment. That way, you can identify potential upgrades both inside and outside your house and evaluate the costs associated with these home improvements.
Typically, a home inspection enables you to learn about your house's strengths and weaknesses. This inspection requires a property expert to assess your house and may take several hours to complete. Then, once the inspection is finished, you'll receive an inspection report that you can use to determine which home improvement projects that you may need to complete sooner rather than later.
2. Establish Home Improvement Priorities
Although you might want to give your residence a complete overhaul, there may be only limited time and resources at your disposal. Thus, you'll want to establish home improvement priorities to ensure you can maximize your time and resources.
Think about which home improvement projects are necessary. These projects should rank at the top of your list of home improvement priorities, as failure to complete them may prevent you from optimizing the value of your house.
As you establish home improvement priorities, don't forget to assess the costs associated with various home upgrades. This will help you achieve the best-possible home improvement results without spending beyond your means.
3. Consult with a Real Estate Agent
A real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. In fact, this housing market professional can make it easy to map out a successful home selling budget and ensure you can quickly and effortlessly navigate the home selling process.
With a real estate agent at your side, you'll receive expert support throughout the home selling journey. A real estate agent will learn about your home and help you identify ways to enhance your residence. Plus, a real estate agent will offer recommendations to ensure you can upgrade your house on a budget.
If you're getting ready to sell your house, it helps to collaborate with a real estate agent. Reach out to local real estate agents in your area, and you can get the support that you need to establish a home selling budget.