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Your home can work to your advantage in many ways. But like all things in life, when using the equity in your home it's important to strike a balance between personal and financial goals. Subscribe to the 'Balance' e-newsletter and get great financial tips & strategies delivered to your inbox monthly.



With some types of purchases, it's better to wait. Items that tend to depreciate greatly over a very short time are electronic devices. Wait a few months, and you can get the latest plasma TV or flat screen monitor at a considerably lower cost.

