Don't Put All Your Financial Resources In Your Home
A large down payment on a home purchase may be a good choice, because it will result in a reduce mortgage payments and substantially lower interest rates over the life of the loan. A large down payment may also enable you to negotiate a lower interest expense over the life of the loan. A large down payment may also enable you to negotiate a lower interest rate with the lender. Before you make a large down payment or pay cash for a home, however keep in mind that draining all your savings account and other investment places you and your family at risks in the event of an unforeseen financial problem. What if you become ill, lose your job or face extensive repairs to your vehicle? How will you pay the bills if all your funds have been invested in your home? You should maintain a minimum level of available financial resources that can provide flexibility and security, even if doing so, results in somewhat larger mortgage payments
Keep Cool With Fans
It is much cheaper to operate several fans than to crank up an air conditioner,especially a central unit that cools the entire house. Fans keep you cool by increasing the airflow that helps to evaporate your body's perspiration. If the increased air circulation created by a fan doesn't produce the desired effect , combine the fan with a higher than normal setting on your air conditioner. Rather than set the thermostat on the normal 76 degrees, try a setting of 80.