A couple of weeks ago, I was assisting a family member of mine, let’s call her Kelly, to refinance her mortgage. Since my income is relatively stable and above average, the bank requested that I become the guarantor in order for Kelly to refinance her mortgage. With the stricter mortgage rule and higher qualifying Read More …
Category: Emergency Funds
Blog topics that involve saving money for a rainy day.
How to build access to a $100,000 emergency fund with $0 locked up
When it comes to emergency funds, how much should you save? Depending on who you talk to, different people have different philosophies. Some will say three months of expense is sufficient, some will say six months, while other more conservative minded will recommend twelve months. Regardless of the amount, there are no right Read More …