7 Financial Tips for Idaho Home Owners

Written by Idaho Realtor

Idaho Realtor, Don Wixom with RE/MAX Advantage offers a few financial suggestions:

1. Concerning debt- Begin paying off your consumer debt which holds the highest annual interest rate first. This will save you valuable dollars that can be used to pay off other debt & you will quickly see the light at the end of the tunnel. Once one account is paid off, add that normal payment to the next highest interest bearing debt. This snowball effect can be very exciting once you see the results!

2. Use less credit- Whenever possible, use cash for things such as eating out or impulse buys. If you determine NOT to use credit, you will be more disciplined to spend less and keep your cash.

3. Increase savings- Yeah, I know, savings accounts don't pay much interest, but as they say, "Cash is King!" Even if it's your daily pocket change or cash from turning in those aluminum cans, put something aside every month in an "untouchable account." You never know when that rainy day may come.

4. Plan ahead for major purchases- For the most part, everybody has a car payment. When you pay off your car, or if you don't have a payment, start making one! Yes, a car payment, but make it to yourself in the form of a savings account of some kind. If you can be disciplined to make a payment to savings, you just might be able to pay cash for that next needed vehicle. Plan ahead for appliances, furniture, tires, gifts, etc. Using less credit and planning ahead will make for a little bit more happiness!

5. Invest- I highly recommend, if possible, to buy a rental property in this fabulous market! NOW is the time to buy! It's easier than ever to see a property cash-flow. You will also be able to watch the appreciation of your real estate investments by buying in this low market!If you have a financial advisor, you may also consider stocks, mutual funds or an IRA. Search Homes for sale in the Boise area

6. Pay down your home mortgage- By paying extra principle on your monthly mortgage payment, equal to the normal "principle" payment, you can theoretically pay your home off in half the time! Please call me for a short demo / explanation of this idea!

7. Budget- First of all, by tracking what you spend, you will quickly learn where you may be over-spending. Take a 30 day time period & write down every penny spent in every fashion possible; cash, checks, debit cards, credit cards, etc. After the 30 days, you may be amazed at where a giant leak in your finances may appear. Strategize your household budget to meet the needs (and wants) of your expenses. Once you discipline yourself to stick to a budget, you will see the advantages and provide more financial freedom for you and your family!

Always looking out for your next move on Idaho Real Estate, Don Wixom

RE/MAX Advantage. Your Idaho Realtor!

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What Clients Say...

We were long distance buyers.

We had been through some major life changes in 2005 and had first contacted Don Wixom in August of 2006. He stood by us 2 1/2 years showing us houses, driving out to houses and emailing us pictures when we were unable to go ourselves, never knowing if he actually would have gotten a sale from us and he never complained or pressured us once.

He always treated us with great respect as if we were his only customer. Don has done more for us than we would have done for ourselves. He gave us great advice. He was always learning what it was that we were looking for. As our needs changed midway through our searching he adjusted to them.

His website allowed us to search the multiple listing service without addresses and phone numbers needing to be given. He would always check into and answer our questions and requests.

When buying or selling in Idaho we would never consider anyone but Don Wixom. He stayed with us for the long haul and we will stay with him.

Steve and Jean McBee, Buyers Nampa

"Just wanted you to know that we really appreciate how smoothly the sale of our home went. It really could not have worked out any better. The wide marketing of our home you initiated really paid off. Thank you for a terrific experience. You have our highest recommendations, and we'll be more than happy to pass it along. God Bless!"
~ John and Jeanie Mowery, satisfied sellers

"Thank you so much for all of your efforts, patience, perseverance and professional behavior through the ordeal of selling our house. The way you dedicated yourself to your work and to our needs truly showed your eagerness and ability to help. Thank you again."
~ Jan Byers, satisfied seller

Thanks Don, for the link to IDX app for iPhone. Works great! All the information I need right at my finger tips!

Thanks for always leading from the front!

Ernie Garza, Buyer

"Thank you Don for your considerate and professional help on selling our house. Your informative correspondance we recieved before deciding to list it, got you the house, and your continued contact to let us know what efforts were being made to advertise and show the house were greatly appreciated. Showing mutual respect, we feel like we have made a new friend!"
~ Bill and Sharrel Cash, satisfied sellers

"Thanks to Don Wixom, we have been enjoying our new home for six months now. Don as the realtor selling our house worked very hard for us. He helped us through all the complex paperwork involved in making offers, getting a loan, etc. Don paid attention to detail and kept us well informed about how things were going. When things needed to be done, Don was readily available, seeing us through a home inspection, even crawling under the house in the dirt and cobwebs when we asked him to. Don was always only a phone call away. We still remember his phone number, we called him so much! Don has a wealth of experience and resources to offer. We would definitely recommend him to anyone wanting to buy or sell real estate."
~Scott and Naomi Watson, satisfied buyers

"We cannot thank you enough for your time and patience in finding our new home. There's no way we could've done it without you! You made all our dreams come true and we will always hold you dear for that."
~ Meguel and Kris Escutia, satisfied buyers

Contact Me Today!

Don Wixom
RE/MAX Advantage
5680 E Franklin Rd Ste 100
Nampa, ID 83687
Direct: (208) 880-5039
Office: (208) 466-0002
Fax: (208) 466-2227
Email:
wixy@sellidaho.com
Broker/Owner,
ABR, CRS, GRI,
e-Pro Internet Professional

Quality Service Certified®

2000 "Realtor of the Year"