article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

My family’s finances have also been affected. Our first storm: 2007. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. Everything changed.

Debt 130
article thumbnail

Homes Still at Unaffordable Highs Despite Settling Prices

Savings Corner

Key Takeaways Home affordability is at its worst point since 2007, according to a measure from housing data provider ATTOM. Since 2007, the expense-to-wage ratio has remained above the 28% level preferred by mortgage lenders. Major homeownership expenses require one-third of the average wage nationwide, a 16-year high.

Home 52
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

We consider her our “bonus kid” and our family is extremely close. Aside from those exceptions, we did all the work ourselves and with the help of family. We didn’t start a family until we were married for almost 15 years.) Alan and I, by choice, bought land in an area with low property taxes. Go figure.