Taking The Steps To Make the Purchase

Budgeting Resources

In the midst of all that happened in 2020, I think being financially aware is more important now than ever. One of my main goals for 2021 is to budget my money better and, in the long run, save to buy a home. Hopefully, sometime this year or at the very latest beginning of next year. This means not only do I need to save money, budget, and prioritize my needs and wants. I also have to find the best tools to make sure I am accurately calculating everything right so, there are no mistakes made when it comes time for me to make my big purchase or even just make sure my finances are truly in order.

Nothing worse than thinking you have more money than you really do or coming up short on a bill. That's why I use sites like Mortgage Calculators to help me figure out things down to the last penny. I’m the kind of person who needs to have everything planned out and accounted for, so the Amortization calculator is my go-to when house shopping and calculating exactly what I can expect to pay once we make the move to buy a house.

I got lucky one day and stumbled on the Mortgage Amortization Schedule Calculator on MortgageCalculators.info and have stuck with it since. If you know me you know I’m not a big math person so being able to just enter in numbers and let the calculator run is a huge plus. All you have to do is enter in things such as the price of the house, your down payment, mortgage term, and even property taxes and fees and the calculator will tell you the exact amount you can expect to spend. It’s that simple. That’s not to mention my favorite part. You can print out everything and see all of your monthly payments from the first payment to the last. The new reality of making mortgage payments versus making rent payments was really eye-opening to me seeing as I was never taught these things in school. Like you can honestly end up paying more than twice for a house than you originally planned just because of interest payments. That’s why buying a house this year is my main focus. I read somewhere on Bloomberg that the average mortgage rates are lower than 3% so if that’s the case I want in. Over time I’ll end up with way more money in my pockets.

For the longest, I’ve stressed over buying a house and staying on top of payments but not anymore. Even after the calculator displays what I need to see, I can scroll down and read more in-depth on how everything is broken down. If you are like me I want to see exactly where my money is going. This is why I like to stay up to date on the latest calculators, anything new from the Wall Street Journal, and HUD so I am more than prepared when it comes time for me to make my big purchase.