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How to Money

Ask HTM - Birth Now Pay Later, Forcing Home Equity with a Basement Build, & Saving vs Paying Credit Cards #946

Feb 17, 2025
Dive into useful financial tips from listener queries! Explore the 'baby now, pay later' concept and its surprising implications. Find out how to finance basement renovations wisely while considering home equity strategies. Learn about saving vs. paying off high-interest credit card debt and the importance of building an emergency fund first. Plus, hear insights on navigating pensions after relocating and uncover investment opportunities with guaranteed returns.
54:02

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Quick takeaways

  • Exploring interest-free hospital payment plans for new parents can prevent debt while easing immediate financial burdens related to childbirth.
  • Home renovations, such as basement buildouts, can enhance property value, and careful financing through HELOCs may offer a strategic investment approach.

Deep dives

Managing Subscription Services

Households today often rely on a variety of subscription services ranging from music and TV to even everyday products like dog food. While these subscriptions can enhance convenience, they can also lead to management challenges as the number of subscriptions grows. Capital One addresses this issue by allowing credit card holders to track, block, or cancel recurring charges easily via their mobile app. This functionality empowers users to manage their subscriptions in one place, ensuring they only pay for what they value.

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