Of course you want your home to be worth as much as possible should you ever sell it, but the other benefit of making some of the best home improvements to increase value is that those upgrades, everything from a fresh coat of paint to a new kitchen, may also make you happier while living […]
Cashing Out a 401k? Why It May Not Be The Best Emergency Fund Option
As we’ve discussed previously, there are several ways to build an emergency fund to help see you through a seismic life event or an urgent financial situation, but is cashing out a 401k one of the best options for an emergency fund? The Financial Impact of Cashing Out a 401k Cashing out a 401k may […]
Medical Bill Debt: What Happens If You Don’t Pay Medical Bills?
Even before COVID, expensive healthcare costs had many Americans wondering what happens if you don’t pay medical bills. If you’re struggling with medical bill debt, from emergency hospital stays or simply as a result of regularly scheduled doctor’s office visits, whether those bills are COVID-related or not, there may be long lasting damage’s from not […]
Divorce & Finances: How to Financially Prepare for Divorce
Nobody wants to think about getting divorced, and planning for an emergency scenario or major life event is hard enough as it is without juggling divorce and finances simultaneously. The unnerving reality of relationships, however, is that, statistically speaking, one third of marriages will end in divorce — and the divorce rate in 2020 may […]
HELOC vs. Second Mortgage: What’s the Difference?
It’s a common question, what’s the difference between a HELOC vs second mortgage? The short answer is, not a whole lot aside from verbiage. A second mortgage is another loan taken against your property that’s already mortgaged. You’ll be borrowing again, not to buy a home this time, but against your home by using the […]
HELOC: How Big Should Your Emergency Fund Be To Get Through the Rest of 2020
This year has already asked many complicated questions. Now that we’re halfway through 2020 and over six months into the pandemic, one of the question you might be asking yourself is about the size of your emergency fund. Having an emergency fund may help to ensure that you and yours are provided for, regardless of […]
