How to start (and build) an emergency fund
An emergency fund is an essential part of a solid financial plan.
11 min read
Jan 21, 2025
David McMillin
Contributor, Personal Finance
Experience
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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No-doc mortgage: What is it, and can you still get one?
There are some no doc mortgages, but you won’t find them widely advertised.
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How much does it cost to sell a house?
When you sell a house, various fees, expenses and commissions eat into your net proceeds..
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Home equity loan vs. mortgage: What’s the difference?
Both are options for borrowing money based on a home’s value.
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Are high prices keeping you from homeownership? Consider a condo
Feeling the home affordability crunch? Condos can make you a homeowner for less.
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Should you get an adjustable-rate mortgage?
Although ARMs are buzzy again, the risk hasn’t changed.
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Can you get a HELOC on an investment property?
Yes, your for-profit property can be a cash source for you.
9 min read Jan 14, 2025