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The Danger In Assuming

Prairie Eco-Thrifter

Unfortunately the recession of 2008 was not an isolated incident. To buy a home under the assumption that you’ll some day make a profit from it or rely on one source of income assuming it’ll always be available to you is financially foolish. They can come in the form of a health scare a home repair or otherwise.

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Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. is based on a Billshrink.com article – Dining on a budget. Based on that, we saved $222 dollars a year on a $500 a month food budget for 40 years for a total of $8,880. 40,720 Home Repair.

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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. This might help shield your budget from fluctuating-rate increases.

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