Ever daydream about switching to a single-income household so you or your spouse could stay home with the kids? It’s not as old-fashioned as it sounds. In fact, more millennial parents (21%) are staying home with their children than Gen-X parents (17%) did when they were the same age, according to a 2018 Pew survey.
If you’re thinking of buying a condo, there are lots of reasons why it might be a smart move right now. Condos have never been more popular, particularly with the aging Baby Boomer population, which is starting to downsize and move into homes that are easier to care for. As a result, condos are in
How’s your appetite for a major home improvement project? What if that project could build equity, significantly boost your property’s value, and generate income? Most home improvement initiatives can’t do that. In fact, the list of home improvement projects that decrease resale value and drain homeowners’ personal savings is far too long. Accessory dwelling unit
Imagine that you live in a small town that’s experiencing a sudden population boom. Very soon, the town is going to have to add more housing and retail space. The town council has received several proposals from builders for this new development, and it’s trying to decide between two plans. Plan A involves expanding the town outward
Country wisdom is the collection of practical experiences gained by generations of pioneers, farmers, and ranchers as America transformed from a vast frontier to the world’s greatest economy. That experience – the result of constant trial and error – was passed from parent to child in plain language that left no room for misinterpretation. Living
If you or your parents are “house-rich” but cash-poor, a reverse mortgage could solve several cash flow problems for you. But they don’t make sense for everyone and come with some downsides. Learn what a reverse mortgage (HECM) is, how it works, and the pros and cons of a reverse mortgage loan.
I own a car, a bike, and two legs. When the weather is nice and I need to run to my neighborhood store or get to an appointment in another part of the city, I walk or bike. If the weather’s bad and I’m not in a rush, I take public transportation. And if I
Each year, the ordeal of gathering the necessary information to complete and file your tax return seems increasingly difficult, doesn’t it? This problem may be alleviated by implementing an efficient home filing system. But completing your annual taxes isn’t the only reason to have a good filing system in place. It’s crucial to retain receipts
Whether your retirement is fast approaching or decades away, it is likely that you do not spend much time pondering what will happen when you stop working. Unfortunately, many people are unable to retire when they’d like to because of their financial situation. With careful planning, you can avoid this predicament. Planning ahead for retirement allows
“Cash is king” is an age-old saying often used to explain the failure of both businesses and consumer households. Without the proper amount of cash on hand, both of these entities can run into major trouble, and even be forced into bankruptcy. Businesses must have cash on hand for various reasons, such as investing in
It has been really difficult lately for many people to make ends meet, and this is especially true for one-income families. Many families are confronted with a family member unexpectedly losing a job and going through unemployment. On the other hand, others deliberately choose to be a one-income family because it is the best decision for
