Taking on an FHA or VA mortgage loan can help you save a considerable amount of money. However, this doesn’t mean you should blow all this extra cash unnecessarily.
With the upcoming Super Bowl, some Americans may use this opportunity to gather with friends and family to watch the Baltimore Ravens take on the San Francisco 49ers. This often involves spending money on food, drinks, decorations, and in some cases even new furniture. While some people may take this opportunity to go a little overboard, breaking the bank to watch the big game isn’t required.
Rent necessary items
During the Super Bowl, many households want to have the ultimate viewing experience. For this reason, some people go out and purchase new TVs, and drop more than $1,000 in the process.
Instead of spending your mortgage payment on a new television, consider renting one just for the game. There are numerous outlets that allow you to do this nowadays. In addition, if you have a number of guests coming over, but fear you’ll come up short when it comes to seating, you can take a similar approach and rent a couch or a few chairs to ensure your guests are comfortable.
Save on food and drinks
Purchasing enough food and beverages for a large group of people can get expensive, but there are ways to take the pressure off of your budget. Leading up to the Super Bowl, many grocery stores offer significant deals, discounts and bargains. These often come in the form of two for one specials, so keep a look out.
Meanwhile, if you want this year’s Super Bowl experience to feel more communal, ask guests to bring a favorite dish with them. In addition, you can also make the event BYOB, as the cost of beer, liquor and wine can quickly rack up at checkout.
Check your homeowners insurance
Before you have a number of guests over to your house to watch the Super Bowl, take a quick look at your homeowners insurance policy. This is especially important if you plan to serve alcohol. However, even if festivities go off without a hitch, you still need to make sure those who have been drinking make it home safely. If one of these individuals gets into an accident, you may be held accountable.
Owning a home is a major financial step and should be part of your overall financial plan. After making a mortgage rate comparison to find the best loan, Freedom Mortgage can help you stay on top of your mortgage.
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