Having an Emergency Fund is one of the first and most important steps in creating wealth. This simple act of saving will protect our families from the unexpected events of life and the dreaded ‘rainy day’.
It’s home buying season! If you’re looking for a house right now, this very well could be one of the most difficult times to buy real estate. The amount of available homes is super low and prices have skyrocketed. In metro Detroit where I live, available homes have dropped 38% from last year to this year and prices have increased 9% already. As I googled other real estate in major metro areas, a similar story of low inventory and high prices spanned the country.
So you got a big tax return?! Sweet! What an awesome feeling!
The big question is … What should you do with this unexpected money now at your disposal?