It’s easy to get in a financial jam. Home or auto repairs, hospital and doctor bills, loss of a job, or just not being careful with your spending can all put us in a financial crisis mode. Likely, if this is where you are, you have already cut back on all of the everyday expenses and cut off the unnecessary extras. What about your home? Don’t think that a smaller home as a step down in life. In fact, a smaller home may actually help you get back on track with your finances and possibly even ahead of where you were before the money struggle hit. Financial expert, Dave Ramsey, talks about downsizing to save money. Read on to find out what he says about it…
We have all heard the adage less is more, and in this case, it’s true! The more “stuff” we have laying around, the more work there is to be done. More trinkets sitting around means more to dust. More clothes in the closet means more laundry to do. What if we got rid of what we didn’t need? How much time would that open up for us to enjoy life more? And what can we do with all that we don’t need? Sell it! Those things would be much more useful to you as cash in the bank.
The same goes for your house. A bigger house means more time spent cleaning and less time having fun with family and friends. A bigger house equals a larger mortgage payment and higher utilities. Think about your home for a minute. Are there rooms that you don’t use on a regular basis? If so, that is wasted space that you are paying for every month.
Let’s look at your family. Do you find your kids spread out in different rooms, watching different TV shows, doing different activities? What if you only had one room where you all gathered to watch the same TV or one place to meet to eat dinner at the same time? Imagine all of the extra family time you would gain from downsizing. See, less really IS more!
Now that you have realized that you really don’t need the extra space, think about what you could do with the money you would save on your monthly mortgage payment and utilities. You could attack that debt that put you in the financial strain in the first place. Dave Ramsey recommends using his “Debt Snowball” method for paying off debt.
Once you are back in control of your money, think about the benefits of having the smaller house payment. That extra money you were throwing toward a home that was too big for you can now be put into college funds, retirement funds, and for extras like dream vacations, vacation homes, and more!
Are you ready to downsize? We are here to help you! We know how to price your home just right to sell in the current market. We have a proven market strategy that has put homes under contract in a matter of days. No need to worry about where you will go once your home sells! We also have a team of experienced agents that work tirelessly to find perfect homes for their buyers. Just put your trust in our team, and we are confident that you will not be disappointed! Call us to get started TODAY @ 720-593-2014!