Columns & Letters

Long distance landlord?

Staff Reports's picture

Q: My husband and I are active duty military stationed outside Washington, D.C. We’re completely debt-free and have finished your entire Baby Steps plan, but last month our paid-for rental house in Florida burned down. It was empty at the time, so no one was hurt, and we got a check from the insurance company for $165,000.

What do you call it?

Staff Reports's picture

Q: What do you call it?

A: You water your flowers with it. You wash your car with it. On a hot day, you might even take a drink out of it. But what do you call it?

That’s the question we posed on Facebook last week, and the people responded.

Buying a home

Staff Reports's picture

Q: My husband and I are debt-free, and we have an emergency fund of six months of expenses saved. We’d like to buy a home in the $250,000 to $275,000 price range in the near future, and we plan on saving $60,000 for a down payment. It should take a little less than two years to save that much money.

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