Now that you’re settling in to your new home, there are some important things you need to consider. We want to recommend the following tips.
  1. Create a budget.  The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It's important to keep accurate records of your spending so you can spot places to save money and know how much you can reasonably spend. Check out these budgeting resources available to you from the American Bankers Association.
  1. Protect your property. Whether you’re a home owner or a renter, you need insurance to protect your belongings. Check with your local insurance agent, you might be able to get a discount if you have things like dead bolt locks, an alarm system, or smoke detectors, or if you already have a policy with that company, like car insurance. Also, find out if you’re in a flood zone. If you’re concerned about flooding, you will need to purchase a separate flood insurance policy. Learn more at
  1. Protect your safety. Make sure all of the locks on your doors and windows work properly. If it makes you more comfortable, look into having an alarm system installed. Also, check your fire and carbon monoxide alarms once a month to be sure they’re working. If you have a dryer, clean the lint from the entire system, from the dryer to the exterior vent cap. Lint is extremely flammable and poses a fire risk.
  1. Take your tax deductions. Be sure you know all the tax deductions associated with your move and new home. If you use a portion of your home for business purposes or moved for a new job, you may be able to take deductions. Home owners can deduct mortgage interest, property taxes and loans for home improvements.
  1. Make your house your own. Decorating your space will make it more comfortable and personal. Be smart about where you invest your money on improvements to ensure you’re building equity in your home. For example, updates in the kitchen and bathroom usually provide the best return on investment.
  1. Save up for a rainy day. Although life may be sunny now, it’s a good idea to create a rainy day fund. The fund should have at least three to six months of living expenses in case you or someone in your household loses a job or becomes ill and unable to work.
Marquette Bank is here to help you! We can help you build up your rainy day fund or save up for that trip all the while being comfortable with your mortgage and bills. Come in to one of our branches today to speak with a friendly personal banker or call us at 888-254-9500. We want the best for you and your family and will help you with all your financial needs! 
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