Some activities and purchases are considered only affordable for the wealthy, so most middle class families don’t even consider looking into them. However, with a little time and financial budgeting, it is possible for these families to enjoy some of the luxuries they currently consider out of reach.
- Getting a Second Home
Location is key, but it is possible for a middle class family to have a second home. Some families inadvertently ended up having two homes when they are unable to sell a home after moving. One option is to rent the second home, especially in vacation destinations. It is important to budget annual maintenance for both homes.