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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loan: What is it?

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Jobs for those Without a College Degree

Prairie Eco-Thrifter

Degrees are very expensive and in this post recession economy, don’t necessarily guarantee the best return on your dollar. ” A look at the Occupational Outlook Handbook , put out by the US Bureau of Labor Statistics drives that thought home. The only one that shows up is elevator repair person! Appliance repair 43.5K

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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. By exercising at home instead of paying gym fees we saved $600 per year for 17 years ($10,200). By feeding our family of four at home for 20 years we saved $168,768. 40,720 Home Repair.

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession? Financial Success for Young Adults: Financing a Home Modification – At some point in your life, it may be necessary to modify your home. However, as a landlord, you are required to make basic repairs. Haven’t read it?

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

Or you may not be able to rent the home out for as much as you could before, as incomes decline. And home prices rose quickly due in part to relatively low mortgage rates, so your rents may not be able to cover your expenses. You’ll want to weigh these risks and have contingency plans in place to protect yourself.

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