What would you add to this list? #TBT #MoneyMatters #DownPayment #PuttingDownRoots
As a young professional, I am aware that money is of utmost importance. Whether it’s to pay off debt, to invest in my future or to use for travel, money management must be a priority in my life.
But here’s my question: after you’ve saved up some money, what do you do with that large sum (like a down payment) when you aren’t ready to invest in something permanent (like your forever home)?
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3 Things to Do with Your Down Payment When You’re Not Ready to Buy a Home
Pay Off Debt
If you’re not ready to buy a house, this is the next best option for any young person. You should definitely talk to a financial planner before doing anything, but what my husband and I learned is that paying off some (but not all) of our debt was better than paying off all/none of it. And so, after receiving…
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