A bit of background to this video... After the last session, Anna and Grant had a bit of homework to do. That homework included things like selling a car, and seeing if they can get rid of PMI (Private Mortgage Insurance).
For couples where one person works from home, downsizing to one car can save a considerable amount.
You pay PMI when your mortgage is more than 80% of your home's value. If your home price has gone up, such as for Anna and Grant, you may be able to get a new appraisal and get rid of the PMI (saving money).
Their goals for 2023 are like many others: to get out of debt and have a fully funded emergency fund of 6 months of expenses.
For couples where one person works from home, downsizing to one car can save a considerable amount.
You pay PMI when your mortgage is more than 80% of your home's value. If your home price has gone up, such as for Anna and Grant, you may be able to get a new appraisal and get rid of the PMI (saving money).
Their goals for 2023 are like many others: to get out of debt and have a fully funded emergency fund of 6 months of expenses.
A disclaimer to the above video: Anna and Grant have agreed to have their financial planning sessions recorded and shared. They are not being paid for this session or paying for financial planning with me. If you are watching this session, remember that the advice I am giving to Anna and Grant is for them only, and should be considered education or entertainment for your purposes.