Cape Coral Florida's Real Estate Guide

If you can say that you aren't in trouble with your mortgage, then consider yourself one of the lucky ones. Making responsible choices has paid off and so far you haven't had to face the threat of foreclosure on your home. Unfortunately, in today's economy, it is tough to be sure that it will remain that way. Unemployment rates are through the roof and unexpected events such as serious illness are enough to take down even the most consciencious homeowners. Here are some things you can do to recession-proof yourself and make sure that your home doesn't become a foreclosure statistic.

Most importantly, you must save, save, SAVE! Make sure that you have a minimum of three months worth of mortgage payments saved in case of emergency. To get there, make a household budget and stick to it. Chances are that if you sat down and reviewed your current spending habits you will see ways you can cut back. Here are a few ideas that can help you build up your financial safety net:

• Cut out the coffee (not completely, of course)-Are you addicted to stopping at Starbucks? Gotta have your Dunkin Donuts? Coffee at places like these can be $2-4 per cup. Break out your coffee maker and brew your own to save some cash.
• Bag your own lunch-Going out to lunch is great but it takes its toll on your pocketbook and waistline. Spare both and bring your lunch from home. You'll end up with extra money and extra room in your jeans!
• Make it a movie night-Do you love the nightlife? Drinks out these days go for up to $10 a piece. Save your cash and spend the night in with a good movie and a bottle of wine. Your wallet will be glad you did!

Keep yourself honest in your efforts by writing down your purchases each day. Review them objectively at the end of the day and if you stumble, make it a point to do better the next day. By keeping your eyes on the prize and building your financial security, you can ensure your future no matter what the economy throws your way.