Advice for buyers and sellers, from Justin Ruzicka

Living within your Budget…

Mr. President Obama, spoke a lot about cutting spending, making a balanced budget, having the government begin to act like it’s people are around the country, living within a budget. This blog will be about a families budget and some good places to start. Since I am a realtor and I help people buy and sell homes in Fort Myers, FL. It make sense if I gave some help and guidance for those who want the help. I promise, that living within a budget will allow you to buy a new home if you are renting, it will allow you to move into a bigger home if your family is growing, it will ensure you NEVER have to live with the threat of foreclosure, like Hundreds of Thousands of Lee County residence have to. I always ask the simplest question with a budget, where do I begin? If you want a 7 step complete system, look into Dave Ramsey Financial University or Crown Biblical Financial study. A sneak peak to step #1, is Get $1,000 Emergency Fund asap. This fund’s purpose is so that you never have to depend on Credit Cards again. Because the myth that we tell ourselves is, “I only have a credit card for Emergencies.” So get rid of the credit cards immediately. Ok, lets skip ahead a few steps and get to this budget.

Where do you begin? OK this is the simplest thing you need to do.   You need to keep track of your spending. There are plenty of apps out there to help with this but I am a fan of writing it down. Spend $1.50 on a pen and note pad…keep a little 3X5 note book in your pocket, your car, where ever. Every time you spend a penny, you write it down. $5.37 for Starbucks new favorite drink, $30 for gas, $15 to baby sitter, ect. You will be surprised. If you are like me and my wife, we thought we “never” eat out…oddly 2 -3 times a week we were meeting friends for lunch, coffee, breakfast, but rarely was it as a couple. SO the other person never realized it, and the person who was eating out didn’t realize the money added up…it was shocking over $30/week we spent on “eating out.” Guess what we started saving $100/month by cutting this expense to $6/week, or really 1 -2 times a month for $10 – $15/per occasion.

 

I hope this blog helps you start to look at budgeting, and feel free to come back often as I will be posting on, Benefits of Budgeting, Joys of Home Ownership, and How to save for your Down payment and much more financially focused blogs.

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Justin Ruzika, Realtor
Justin Ruzika, RealtorThe House Guy
Much of my real estate career has been in buying, repairing, then selling the properties for a profit. I work for specific investment groups doing this, as well as manage a personal portfolio. The other 50% of my business is helping my neighbors, I have helped dozens of Families buy or sell their home.

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