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GENWORTHCANADASPRING201494.CREATEAMONTHLYBUDGETFindatemplateonlineordownloadahouseholdbudgetingapptoyoursmartphone.HowmuchdoyouspendeachmonthonrentandutilitiestransportationgrocerieschildcareinsuranceevengymmembershipsandclothingYouneedaccurateincomeexpenditureinotoevaluatehowmuchhouseyoucanaordandfndwaystosave.TryMint.comPersonalFinanceAppStoreandAndroidorYouNeedaBudgetiTunesandAndroid.5.DETERMINEHOWMUCHHOUSEYOUCANAFFORDUseyourbudgettoevaluatehowmuchoamortgageyoucanaord.Abankmayapproveyouormonthlymortgagepaymentsoupto35percentoyourgrossincomebutcanyouaorditWorkoutwhatyourutureexpenseswilllooklikeeachmonthmortgageinsuranceutilitiestaxesplusocoursetheotherexpenses.DoyoumakeenoughtocoverthiswithenoughletovertosaveInotmaintainbreathingroombyoptingoramoreaordablefrsthome.6.STARTPAYINGYOURMORTGAGEIyouruturemortgagepaymentswillcostapproximately1800permonthandyoucurrentlypay1300inrentnowsthetimetostartsettingasideanextra500permonthsoyoucangetintothehabitobudgeting1800permonthorshelter.Thishastheaddedbeneftogrowingyoursavingsaster.7.TRIMTHEFATDownloadadailyspendingtrackerapp.TryDailyExpenseTrackerAppStoreandAndroid.Attheendothemonthyoullbeabletospotpatternsandidentiythemosteectiveplacestosavemoneywhetheryourspendingviceisatwo-lattes-per-dayhabitortoomanytaxirideseachmonth.8.BULKUPYOURINCOMEAnotherwaytoholdontoyourmoneyistomakemoreoitConsiderasecondjobextrahoursorsellingthosecollectiblesoneBay.Bonusewerboxesonmovingday9.PAYYOURSELFFIRSTGetseriousaboutpayingyourselfrstbysettingupbi-weeklyautotransersromyourchequingtosavingsaccounts.Beyondthedownpaymentandclosingcostsassociatedwithanewhomehomeownershipmightcomewithsurpriseexpenseslikeleakyroosandbrokenwashingmachines.Ahealthysavingsaccountwillmakeyoulessstressedaboutthesepossibilities.10.CONSIDERPROFESSIONALADVICEOnceyoureontrackseeafnancialadvisortoworkoutshortandlong-termstrategiesoryourongoingfnancialgoalsromhomeownershiptoretirementsavings.Youllgetmoreromthemeetingiyoualreadyhavesetgoalsandactionsinplace.WantmoreinoVisitHomeownership.caormorefnancialtipsgearedatfrst-timehomebuyers.