article thumbnail

Should Recent Weather Events Impact Your Emergency Fund?

The Motivated MD

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? Budgeting for living expenses should be comprehensive (mortgage payments/rent, student loans, groceries, utilities, childcare—every. Stay motivated! The Motivated M.D.

article thumbnail

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. In this example, the interest rate is the deciding factor on whether this home is affordable or not.

Finance 52