It’s easy to feel like you’re drowning in debt, which can make buying a condo for sale in downtown San Diego seem like an impossible dream. While getting out of debt can take time, it’s not impossible. Here are a few tips to declutter your finances and get out of debt.
Get Your Credit Report
Start by requesting your credit report, which is something you can do for free once a year from each of the big credit bureaus. It won’t tell you your actual credit score, but it will show you any delinquent accounts, lines of credit, bankruptcies, and other things that can affect your creditworthiness and make it hard to buy a place. If you see something that isn’t accurate, you can dispute the claim. Unless your claim has no bearing, the agency has to investigate.
Cut Your Spending
It’s easy to buy things like a morning latte without feeling like it impacts your overall financial picture. Check your monthly bank statement and figure out how much you spend on both necessary bills as well as extras. You don’t have to get rid of everything, but making small changes like buying coffee once a week instead of everyday and getting rid of cable can add up.
Simplify Your Budget
It can be easy to put off managing your finances (and easier to forget when bills are due sometimes). Changing your due dates to all be around the same time (or maybe to align with paydays), using automatic bill pay coupled with reminders on your phone, or setting a fixed time once a month to review your bills can help put out in front of your debt.
When you’ve got a strong hold on your finances and are ready to invest in downtown San Diego real estate, reach out to 92101 Urban Living. You can check out our inventory of condos, lofts, and penthouses for sale online or give us a call at (619) 649-0368 to schedule an appointment. ')}