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Choosing to Rent or Buy a Home in 2025

The Motivated MD

There are also homeowners insurance costs, property taxes, flood insurance (depending on where you live), any upgrades to the home, utilities (sometimes included in rent expenses), upfront costs to include a downpayment, and closing fees. Use the rules provided above to determine what is right for you.

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Should Recent Weather Events Impact Your Emergency Fund?

The Motivated MD

I do not mean to paint such a grim picture, but I want to provide a healthy dose of realism. If our family were to evacuate for a severe weather event and return to find a completely destroyed home or town, what would that look like financially? As such, do not assume you will be paid what you feel you deserve. Stay motivated!