article thumbnail

11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

We purchased a vacation condo in a local resort area in 2006 (yep, right before the crash). My sister-in-law and her husband had one that they used and rented out and indicated that it was doing well. I wanted a place for our family to gather – adult children and grandchildren along with us. An accountant is required.

Vacation 100
article thumbnail

Should You Invest In A Rising Market?

Prairie Eco-Thrifter

These drastic and unprecedented measures used by central bankers to reignite the economy, revive risk taking and boost investor confidence are akin to “steroids” or “sugar high,” critics say.”. In hindsight, we all would have sold out of the market at the end of 2006! What strategy are you using?

Economy 187
article thumbnail

How Long Should You Keep Financial Documents

Family Balance Sheet

Our personal bank has statements online all the way back to 2006. Some Ideas For Keeping Your Financial Records Organized: For our personal taxes, we keep a present year file for tax deduction documents, such as receipts for charitable contributions, mortgage tax payments, receipts for school and real estate taxes, Goodwill donations, etc.