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Most people have financial goals – some very different from others. For us, our most pressing financial goal is to pay down debt and then get a home that better fits our family. We purchased our current home when we had one child – a two-year-old. Since then, we added twins and the house sort of shrunk on us. While I’m not the type to want a large home just to have a large home, it’s just a fact that we need more space and a home that better fits our needs. Closer to schools, more bedrooms, more spacious bathrooms, and better outdoor space, basement and garage.
In order to make these goals a reality, there are several things we’re doing:
Budgeting and Keeping an Eye on the Market
We are really looking at what we’re spending and recently, I was able to contribute a steady, full-time income. This is in addition to my blogging income! It’s an opportunity to budget better, SAVE and set ourselves up for success.
I also keep an eye on the real-estate market so I’m familiar with recent sales, prices, and comparisons when the time comes.
Paying Down Debt
From the time I wasn’t working and money just got tight, we accrued some credit card debt and we’re working really hard (and fast) to pay that down. It’s priority number one! Not only is this great for our credit, it just puts us in a much better position!
You can get my debt tracker, HERE! It’s something you can use digitally or print out just to help you keep track of your payments and balances.
Understanding Our Credit
While working to pay down debts and saving are really key factors in us moving, making sure our credit is in good shape is important. My husband has near perfect credit. Fortunately. It’s carried us really far in our ability to qualify for things. Me, not so much. While I still have good credit, it’s not as high as I’d like it to be and something that I’ve been taking a more active role in trying to understanding. (Read on to see how Lexington Law Firm can provide the right solution for ANYONE looking to repair their credit score!)
Your credit can be a key to achieving your goals. Let’s face it, great credit unlocks many doors — lower interest rates, ability to secure credit, higher approval rates, etc. But did you know that every year millions of Americans are denied loans for homes or cars due to ERROR on their credit reports? On average, these errors can take four months to correct. I was one of those people and discovered an oddity on my credit report. It was honestly a small thing, but it was a nightmare to correct.
Even with no errors, most people don’t realize that a late payment or derogatory mark from a creditor may seem harmless but can have long-lasting consequences. In some instances, remaining on your credit report for 7 years! Yikes!
In case you’re not familiar a FICO® Score is achieved by a proprietary algorithm that takes into account one’s credit files across the three main credit bureaus Equifax, Experian, and TransUnion to calculate one’s lending risk. As the gold standard, 90 percent of financial institutions base their lending decisions on FICO. So, improving your credit score is SO important. It may take time, but it can be done and that’s where Lexington Law Firm can be really helpful.
Lexington Law Firm believes that you have a right to a fair, accurate and substantiated credit report. Lexington Law Firm can help you navigate the credit repair process by harnessing the law and their knowledge. The fact is, Lexington Law is one of the oldest and most respected names in credit repair. Their team of lawyers has transformed the credit repair market, bringing their knowledge to the everyday consumer. When you become a client, you are working with experts that a deep knowledge of consumer protection laws and they have long-standing relationships with the three credit bureaus, Equifax, Experian, and TransUnion. It’s clear why they would be the obvious choice for these matters!
Those are my goals and I feel pretty good about achieving them! I”d love to hear what your financial goals! Do you stay aware of your credit score?