If you own a financial loan, even if it's not yet due, you could always put away specific amounts towards it monthly. So if you're contemplating taking on a loan to purchase a new car, by utilising your increment to be responsible for the EMIs, curb your temptation. Prepaying an underwater mortgage might appear senseless with you, or perhaps you truly adore the house and intend to retire at your present address. A reverse mortgage, even if it's not drawn down, can lessen the total amount of cash that's invested in that manner.
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