Having roommates may already lower your cost of living: You share rent, utilities, maybe even food. If you’re managing expenses collectively, a shared cell phone bill shouldn’t be too much extra trouble.
The jump renting or owning is a huge financial step, not just a change in lifestyle. You’ll need a potentially hefty down payment, solid credit and a plan to live in the same place for long enough to make buying worth your time and money.
A saving strategy that doesn’t feature a savings account might seem counterintuitive, like trying to get in shape without a gym membership. But you don’t need elaborate equipment to break a sweat, and you don’t have to depend on your savings account to boost your nest egg.
The FHFA estimates that over 300,000 homeowners who owe more than their home is worth could still refinance through the Home Affordable Refinance Program (HARP) to lower their monthly payments and avoid foreclosure.
Edmunds.com, TrueCars and Kelley Blue Book are among the main resources consumers currently use to research cars and get pricing quotes from dealers. If Amazon were to establish links to local dealers, it could become a formidable competitor.
Little-known rules give air travelers an opportunity to cancel their reservations and receive a full refund. This came about as part of a larger package of new consumer protection laws regulating the airline industry.