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Create a financial safety net. Having a financial cushion that’s worth at least three to six months’ of your living expenses will keep you safe if you lose your job or have an unforeseen emergency. This is so important because for many people, their only option in an emergency is to rack up high-interest credit card debt. Expensive debt can literally double or triple the cost of the emergency depending on how long it takes you to pay it off. Money Girl: How to Grow Wealth
Wednesday, February 16, 2011
After interviewing families who have managed to cohabitate and remain on speaking terms, I found that a few common themes emerge. First, the details of the arrangement are discussed in advance as well as on an ongoing basis, and any problems are addressed immediately. Second, the 20-somethings help their parents out, too, financially and otherwise. And third, the adult children usually have an exit strategy in mind. 3 Secrets to Living with Your Parents
Monday, November 29, 2010