The most common major purchases are homes and vehicles. If you're buying a home, you'll probably be expected to make a down payment of 20 percent, or to take a second mortgage to cover the down payment. If you can make the down payment without a loan, you'll have a significantly lower payment each month. The same goes for vehicles. Creative and managed budgeting can help you make a larger down payment and have a much lower monthly payment for years to come.
Balancing Your Checkbook
If you're one of the many who have no idea how to balance a checkbook, you may get a little nervous about learning how. But don't despair. There are many Web sites, which can help, or your bank officer will show you how. The first step is to make yourself list every check you write in your register. Or, to be sure you don't forget, you can get carbon copy checks.