Camp FIRE Finance

We all wish we’d stumble into a sudden windfall of cash. Whether it’s an inheritance or winning the lottery, sudden wealth can be a miraculous source of stress relief. What you might not expect is that sudden wealth can also be a source of tension and even social ostracization from your usual circles. 

There are pitfalls inherent in quickly obtaining wealth that can be disruptive to your mental health and overall well-being. Of course, the trade-off is that you’re much more financially prepared to help address these challenges. 

Buying a new home is often a scary and exciting time in a person’s life. It is a big step up from renting, but it is typically a much better financial decision than continuing to sink your money into rent. Homeownership is ideal and a much smarter use of money, and it can even help you reach your financial goals. 

Still, there are many financial factors to consider when buying a home. You’ve likely given due thought to things like down payments, interest rates, closing costs, etc. But what about the lesser-known financial impacts?

While most homeowners factor in the usual costs listed above, they don’t tend to think about the off-the-wall or more unusual factors that can ultimately play a part in how much money you spend monthly or annually on living expenses. 

This article will review some of the more uncommon or less-considered situations that should factor into your home buying process, and how they can impact your finances. 

College is all about learning, meeting new people, and finding a career path that will lead you to a life you love. It’s a great time, full of wonderful adventures, but at the back of every college student’s mind is a common anxiety: finances.

If you’re a college student who has been forced to take out a loan, you might be wondering how on earth you’re supposed to pay them back.

All this worrying about fees and costs of living is guaranteed to cause you some stress and may leave you feeling as though you have no control over the chaos of college bills. However, by taking control of your finances and planning for the future, you can alleviate some of that anxiety and put yourself in a better financial position post-graduation.