emergency

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From staff reports

It takes more than two years to sock away enough money to address a six-month emergency fund in the Dallas metro area, a new Bankrate.com report revealed.

The area ranks 15th hardest of the top 50 metros when it comes to building a six-month emergency savings fund. That fund would be able to pay for housing costs (mortgage or rent, insurance, property taxes) as well as living expenses like groceries, transportation, utilities, etc.

Factoring all that in, Dallas-area household can theoretically save up to $9,704 of its $56,671 annual take-home pay, Bankrate said, which means it would take 29 months to achieve the area’s average recommended emergency fund of $23,484, enough to cover these expenses for six months. (more…)

Small figures can add up quickly when you’re buying or selling your home: home appraisals, loan origination fees, and new utility setup fees. We know not everyone is made of money, so here are a few options you can pursue to save money in the home buying and selling process.

1. Select how much agent support you need

In recent years, the real estate process has become much more personalized. Rather than a one-size-fits-all approach, real estate brokerages are offering buyers and sellers more choices about the level of agent support that they need.

If you’re unsure of what to do and where to start, working with a real estate agent can help guide you through every step of the process, and make it stress-free. For sellers who are more experienced or willing to do some legwork, a more flexible listing package or going the for-sale-by-owner route may be enticing to help save on commissions.

Whichever you choose, pick the highest level of service you’ll need. (more…)