7. Rethink Housing and Home Equity
Your home is more than a place to live — it’s also one of your biggest financial assets.
If you’re living in a large house that’s now mostly empty (and expensive to maintain), consider downsizing or renting out a room. It can lower your bills, simplify your life, and even free up cash for travel or hobbies.
For those who want to stay put, home equity loans or reverse mortgages can provide extra income — but they come with conditions. Always do careful research or talk with a financial counselor before signing anything.
Your home should give you comfort, not financial pressure.
