All Forum Posts by: David Shakhunov

I want to echo all the other budgeting responses. It is super important to budget.

Benefits of budgeting:

1. can plan on how much you can save every month

2. don't feel guilty on spending money on fun/entertainment (you don't overspend in this category as well)

3. when every dollar is budgeted, you see where you can cut expenses

4. having a plan and approximate time when you will save X amount by Y date is motivational

@Alberto Nikodimov

It is nice to go and check here for the advice, but he is “your good friend”. I will sit down with that person and outline the responsibilities of each partner and ask him what is a fair split. Having a successful partnership requires a good communication especially through things that uncomfortable to talk about it.

@Jeff Plotkin

I would get another appraisal. When I was doing a refi on my residential property one bank came in with 395k. I went with a different bank who gave came-back with 520k appraisal.