This is the financial advice I’ve given my three “adult” children. Whether or not they listen is another story! 1. Don’t buy fancy coffee. Maybe that is a little extreme. OK, you can buy a fancy coffee now and then, but it should be a treat. Same goes for eating out.
If you are thinking about selling your vacation home, consider all of the factors before making such a big financial decision. Have you thought about the tax consequences if you sell? What are the economic pros and cons of holding onto the property? Read about the four questions to ask yourself before selling your vacation home.