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Money Guy Show
Can I Use 0% Financing for a Home Repair?
Nov 20, 2023
In this podcast, the hosts discuss the pros and cons of using 0% financing for a major home repair. They also explore navigating different financial steps as a couple, maxing out retirement savings, identifying financial goals and priorities, and prioritizing retirement over college savings.
22:31
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Quick takeaways
- Consider various factors when deciding between using cash or financing for major home repairs.
- Prioritize contributions to retirement accounts before prioritizing college savings.
Deep dives
Balancing Cash and Financing for Home Repairs
One main point discussed in this podcast episode is the importance of considering various factors when deciding between using cash or financing for major home repairs. The analogy of using a chainsaw is used to highlight the potential benefits and dangers of utilizing financing options. The hosts caution against overspending and falling into the trap of thinking that 0% financing is practically free, stressing the importance of careful financial management and avoiding excessive debt.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode