You’ve closed on your home, unpacked the boxes, and hung your first picture frame—but then the unexpected bills start arriving. Property taxes, insurance increases, dripping faucets, HVAC issues... suddenly, the financial picture doesn’t feel so peaceful. In this episode, Ralph walks you through how to move from overwhelmed to organized, helping you answer the big question: Now that I own the home, how do I budget everything else?

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From creating dedicated budget categories to starting a separate maintenance fund and planning for future repairs, Ralph outlines a faith-informed approach to protecting your investment. With practical tips and a spirit of stewardship, this episode will equip you to build financial peace in your new home, one line item at a time.

Chapters:

• 00:20 - Budgeting for Homeownership
• 03:00 - Understanding Homeownership and Financial Stewardship
• 04:20 - Establishing a Savings Plan for Home Maintenance
• 07:54 - Budgeting for Home Ownership Costs
• 09:01 - Transitioning to Proactive Financial Management

Takeaways:

• Setting aside a consistent savings plan for home maintenance can save you from future financial stress.
• Understanding the true costs of homeownership helps prevent unexpected financial surprises down the line.
• Creating dedicated budget categories for property taxes and insurance is crucial for financial stability.
• Researching typical maintenance costs prepares you for future expenses and helps protect your investment.
• Remember, budgeting isn't just about the mortgage; it's about managing your whole financial life.

Links referenced:

financiallyconfidentchristian.com/master