​​ Your Road Home: CHFA Homeownership eNews
buying in 2016? don't let the holidays set you back
Are you planning to buy a new home in 2016? If so, it's wise to maintain your savings this holiday season. We know it can be tough to save, with travel, celebrations, gifts, and other expenses adding up during this time of year. So how do you avoid letting the holidays bust your budget? We asked Laura Yost, a CHFA housing counseling partner at Central Colorado Housing, for her advice:
  • The most important thing, says Laura, is to stick to your budget!
  • If you're reaching your limit, get creative. Make a gift. Visit your closet for a party outfit, rather than the mall. If visiting family, plan a fun night in to avoid an expensive outing.
  • Be proactive for next year's holiday season. Buy décor at deep discounts after the holidays end. Then, next year, spread out your purchases over time, rather than buying all at once.
Going into the New Year, Laura offers more tips to help you financially prepare for homeownership:
  • Take a hard look at your finances. What are you spending? What are you earning?
  • What can you live without - bottled water, gourmet coffee, pet grooming? Cut nonessentials so you can balance your costs with your income.
  • Budget in small steps. An overarching budget may be difficult to manage at first, so start by setting limits for what you'll spend on a night out with friends, a shopping trip, or lunch throughout your workweek. 
homebuyer education participation at an all-time high
Have you taken a homebuyer education class yet? This year, more than 8,500 Coloradans have enrolled in a CHFA-sponsored homebuyer education course-the most participation since tracking began in 2000.These classes help you prepare for and gain confidence in becoming a responsible homeowner.
CHFA's statewide homebuyer education program began in 1999, and has served more than 100,000 households to date. Click the homebuyer education link below to learn more and enroll.
  colorado housing and finance authority

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