If someone is following your plan, is it a good idea to get mortgage disability insurance during Baby Step 2?
No, it is not. Mortgage disability insurance is a gimmick, and I would never recommend it to anyone.
I think I know where you’re going with this. During Baby Step 1, I encourage people to save up and set aside a beginner emergency fund of
What I would recommend is having long-term disability insurance in place. It’s fairly inexpensive, especially if you get it through your employer.
I’m driving a 12-year-old car with 210,000 miles on it. The car needs close to
Let’s see, if you wrote a
With no car payment, no student loan payment and a good car, you can really lean into your budget and saving money. You’d have no debt except your home, and you could rebuild your savings in a hurry. You’d be in really good financial shape in about six months. Plus, you’d have