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Our 2023 Financial Goals

Family Balance Sheet

The rest of the snowball went towards other things, such as a new-to-us vehicle, medical expenses, retirement contributions, and home repairs. Sidebar: Restaurants are also a budget buster for us, and I will be extra diligent in this category as well. Travel and vacations will always be a part of our budget.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

And, as with your primary mortgage, you can expect closing costs whether you choose a home equity loan or HELOC. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. homeowners as of year-end 2023. percent by the end of 2024.

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