Savings Corner
DECEMBER 24, 2023
Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. A personal loan is money borrowed from a lender that can be used for nearly any purpose.
Savings Corner
APRIL 4, 2024
Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. You also don’t have to host a wedding (go to the courthouse). However, if you’re considering this route , there are two important caveats.
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