A lot of these unexpected needs will come with expenses that we didn’t account for. But what if you are the type that has a plan for everything? In that case, you would have an account for the rainy days. Sure, that is great for people who have money to put away you say, but what if you don’t?
It isn’t for everyone, but since mortgage rates have been so low. I have refinanced my mortgage to get cash out. I am saving the money for unexpected projects that goes towards the house. Because mortgages are tax deductible I can write off the interest, in the end the interest I paid will offset some income I made. My thoughts have changed about debt since I was younger. Now, I am much more comfortable with having as many loans as I can handle. Let's just say I consider them as "creative financing".
Here are Self Sagacity's Thursday Two Questions #103
1)Are you comfortable with having loans and debts?
2)With the interest rates so low, have you ever refinanced?
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