housing
what is equity?
the net value of an asset
want vs need
This is when you pick up an item and think about it before you impulsively buy it.
budgeting and goals
be good with money,SAVE
this is when someones trying to achieve personal goals
what is a personal finance
from 3-6 months
how much of my pay should I be saving in case of an emergency?
what is a down payment?
an initial upfront payment made when purchasing high-value items like a home or car, usually representing a percentage of the total price.
Is this in my budget for free spending?
the budget
retirement
save money to 401k
savings will help you so much n the future incase you have an emergency
why is savings important
yes, its designed to cover high medical costs
would health insurance cover medical emergency's rather than my own savings
the debt to income score
36-50%
long term value
Is this something Ill actually use in the future?
leave a little left over to save to pay off debt
850
whats the highest FICO score
everything would be covered by homeowner insurance except the flooding/ surge
what happens if there is weather damage to our property, ex (hurricane damage)
whats the 3-3-3 rule?
3 months savings for living expenses saved,3 months of mortgage in reserve and compare at least 3 properties.
Why do I always resort to buying when I'm upset
career flexibility
leave some money left over to have financial freedom
yes, it will cover emergency costs or if you ever end up in the hospital, it will be a huge help to the costs
is life insurance Important
catastrophic emergency
what is the health insurance called that only covers emergency
how do you get a loan?
check credit score, know amount needed, then compare lenders at best rate.
30 day rule
when you see something you want,wait 30 days to get it and if you see it again,buy it
affording major purchases
can buy something really nice for yourself/ someone
it means you are savings and limited your spending
what does it mean to make a budget
call for help, insurance would not cover this so you would have to use your emergency savings
what happens if I'm driving on the highway and I get a flat tire