![]() The Pier is known for its spectacular summer fireworks displays, which kick off with the Memorial Day fireworks show. One of the city’s top attractions is Navy Pier, a waterfront stretch of rides, restaurants, and entertainment, and more. Here’s our roundup of what to do in Chicago for Memorial Day weekend. ![]() Each year, Chicago comes to life with spectacular fireworks displays, buzzing rooftop bars, sunset kayak tours, fun neighborhood festivals, waterfront restaurants with unforgettable views, and so much more. Between the down payment, out-of-pocket fees, closing costs, and moving expenses, a new home can easily require many thousands of dollars out of your pocket before you’re even handed the keys.Memorial Day weekend marks the official start of summer in Chicago. With the average home price climbing every year, buying a home can feel like a massive financial undertaking. ![]() ![]() Planning for each of these expenses is important, as is finding the right balance between saving enough money and timing your purchase so it works for your family. Be sure to account for expenses that help make your house more comfortable and livable. New furnishings and appliances: You might also need to invest in things like a new couch, dining table, refrigerator, or bedroom set, especially if your new home is bigger than the last.Plus, you may need to perform some initial home repairs or upgrades to make your new home move-in ready. Moving expenses: Relocating from your current place to your new home will likely require hiring some professional help, as well as spending money on boxes, bubble wrap, etc.They can often be rolled into your mortgage principal if you don’t have the cash on hand, but that will increase the size (and cost) of your loan. Closing costs: These are the administrative costs associated with getting a mortgage, including origination fees, title searches and insurance, taxes, and other miscellaneous fees, which typically run about 2%–5% of the total loan amount.Some out-of-pocket expenses to expect include: Plan for the extrasĪside from your down payment, you’ll need to plan for a few other expenses involved with buying a home. Just be sure that whatever you choose wouldn’t present a conflict of interest or breach any noncompete agreements you signed with your current employer. To earn extra cash, consider taking on an additional part-time job, doing freelance work, monetizing your hobby, or even renting out your car or a room in your home. About 10% of workers today say that they have a side gig in addition to their primary job. Taking on a side hustle has grown in popularity in recent years. This is especially important for high-interest debts such as credit cards, which can have interest rates well into the double digits. “Paying off high-interest debt should be a top priority,” says Jamie Curtis, a global real estate advisor at Sotheby's International Realty. Pay off debtĭebt can be expensive and hold you back from other financial goals. This can go a long way toward your homebuying plans. Negotiating down recurring expenses (think: calling your cable, internet, and insurance providers to see what discounts or lower-cost plans may be available)Ĭutting your spending is rarely fun, but it can help you save hundreds of dollars a month if done properly.Taking advantage of free services and products (such as downloading free ebooks from your community library instead of buying the newest titles).Sharing certain resources and products with family (such as subscriptions).Limiting “fun” spending such as eating out at restaurants or buying new clothes (remember: it’s just temporary).
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