September 2023

Welcome to Empowerment Keys September Edition, exclusively on LinkedIn!

In this edition we will be focusing on one of the most significant purchases you will ever make - buying a house. For many women, owning a home is a dream come true. It can be a symbol of independence, stability, and security.

However, the process of purchasing a home can be overwhelming and confusing, especially if you’re a first-time homebuyer. With so many factors to consider, such as budget, location, and financing options, it’s easy to feel lost in the process.

That’s why we’ve put together this newsletter to guide you through the process of buying a house. We will cover topics such as saving for a down payment, navigating the housing market, and finding the right lender for you. Our goal is to empower you with the knowledge and tools you need to make informed decisions about your home purchase.

We understand that the home buying process can be different for women than it is for men, and we are here to help you navigate those differences. Whether you’re buying a house on your own, with a partner, or as a single parent, we’ve got you covered.

So grab a coffee, sit back, and let’s dive into the world of home buying.

Motivation ?

Saving for a house can seem like a daunting task, especially when the down payment and closing costs can add up quickly. However, there are many ways to stay motivated to save and achieve your goal of homeownership.?

First, set a specific savings goal and break it down into smaller, achievable milestones. Celebrate each milestone as you reach it to keep yourself motivated.?

Additionally, look for ways to cut back on expenses and increase your income, such as taking on a side hustle or negotiating a raise at work.

Keep track of your progress and regularly reassess your budget to ensure you’re staying on track. Consider enlisting the help of a financial advisor or mortgage lender who can offer guidance and support throughout the process or join our women’s community Women Flix.

Finally, visualise the end result of your hard work - a place to call your own - and keep that vision in mind to stay motivated and committed to your savings goals.

Tips

With careful planning and dedication buying a house is achievable even when it seems like it isn’t. Here are some tips to help you save for your dream home:

1. Set a specific savings goal: Determine the down payment and closing costs required for your desired home and create a savings plan to achieve it.
2. Create a budget: Assess your current expenses and identify areas where you can cut back on unnecessary spending. Allocate a portion of your income towards your savings goal.?
3. Automate your savings: Set up automatic transfers from your main bank account to a dedicated savings account to make saving easier and more consistent.
4. Increase your income: Consider taking on a side hustle or freelancing to earn extra income. Use that money to boost your savings.
5. Use windfalls strategically: If you receive a bonus, tax refund, or inheritance, use it to pay off debt or add to your savings.
6. Take advantage of employer benefits: SOme employers offer assistance with down payments or closing costs for their employees. Check with your HR department to see if your employer offers these benefits.
7. Consider low down payment options: Some mortgage programs require a lower down payment, which can make homeownership more accessible for those with limited savings.

By following these tips, you can create a plan and stay motivated to save for your dream home. Remember, homeownership is a long-term investment, and taking the time to save and prepare for it will pay off in the long run.

Did you know that the most expensive house in the world was recently classed as none other than… Buckingham Palace! Yes, that’s right Buckingham Palace which is worth 4.9b USD!!?

Buying a home might seem challenging at first, but there are many reasons why one should always consider the option and in our community we support women to do just that by educating them on how to set goals for these goals. While investing in real estate today has become quite common, some “billion-dollar” homes worldwide like Buckingham Palace are off the radar for the common public and, in some cases, not for sale. They are definitely worthwhile looking at from an architectural perspective for your future dream home decoration ideas.?

The British royal home is the city’s most well-known and astounding tourist attraction. The exceptional Baroque architecture of the Palace, along with 775 rooms, sprawling grounds, a pool, cinema, clinic, and police station, among other facilities, makes it a luxurious abode for the British Royal Family.

So… What does your dream house look like and how much would you have to pay for it if you had the money available in cash today? Share with us your thoughts and let’s get dreaming and manifesting together.

Blog

In our unyielding pursuit of empowering the next generation with crucial life skills, we are thrilled to present our latest blog article: "Empowering Tomorrow's Financial Minds: Why Teaching Taxes to Pre-Teens is Crucial." Tax season can be a whirlwind, leaving even adults feeling perplexed and overwhelmed.?

However, we believe that by introducing financial literacy from a young age, we can spare today's youth from experiencing such confusion. In this article, we delve into the significance of teaching taxes to pre-teens and provide practical tips for parents to ignite their child's financial journey. Let's equip the young minds of tomorrow with the knowledge they need to thrive in an ever-changing financial landscape. Happy reading and empowering!

5th September: International Day of Charity: This day aims to raise awareness and provide a platform for charitable organisations to promote their work. It’s a great opportunity to explore different ways to give back to your community, such as volunteering or donating to a cause you're passionate about.

8th September: World Physical Therapy Day - This day recognizes the important role that physical therapists play in promoting health and wellness. It’s a good reminder to take care of your physical health and explore ways to stay active, such as working with a physical therapist or joining a fitness class.

22nd September: Autumn Equinox - This autumn equinox marks the official start of fall in the UK. It’s a good time to review your financial goals for the year and make any necessary adjustments to your budget or investment portfolio.?

25th September: National Fitness Day - This day encourages people to get active and promote the benefits of physical activity. It’s a great opportunity to explore different ways to stay fit and healthy, such as trying a new workout or participating in a charity walk or run.

29th September: World Heart Day - This day aims to raise awareness about cardiovascular disease and promote heart-healthy habits. It’s a good reminder to take care of your heart health and explore ways to reduce your risk of heart disease, such as eating a healthy diet and getting regular exercise.?

Thank you for reading! We'll be back next month.

Women Flix Ltd

Empowers financial freedom for women worldwide?

Women Flix Limited, a company limited by guarantee, incorporated in England and Wales (company no. 13047578 ).