Are you a gadget junkie? Maybe you have to have the latest and greatest iPhone or tablet?
Such spending sprees are hazardous to your financial health. In many cases, you’d be better served by buying used or refurbished.
That is even true on big purchases, such as homes. As we have written, older homes often are constructed better than new homes. However, if something vintage makes you nervous, consider buying something nearly new:
If you love the idea of new construction, remember that an existing home doesn’t necessarily have to be 50 years old. If you want an energy-efficient home with new amenities, you can probably find it at a lower price if you’re willing to be owner No. 2 or 3.
There is nothing wrong with heading out of town for the weekend, or even planning an extended excursion. But if you’re already struggling to make ends meet, now is not the time to splurge on five-star hotels and first-class flights.
Do you really need the latest, most stylish workout clothes, when sweats and a T-shirt will do just fine? However, if you’re incorporating running into your DIY workout, make sure you don’t skimp on the shoes.
It is easy to drastically underestimate the monthly costs associated with that new home or apartment.
Before you apply for a mortgage or lease, use an affordability calculator to gauge what you can realistically contribute toward housing expenses each month.