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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction. Create a budget. That’s where a budget comes in handy.

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How We’re Using Upromise to Save for College

Family Balance Sheet

Way back in 2008 I signed up for a Upromise account and then it sat unused for many years. Back in 2008, I was a mama to a toddler and infant, so a lot of things slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. Hello, 2020. It averages out to about $72 a month.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. That was in 2008, so you might imagine how that turned out! Where are you from?

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 Loans often don’t charge origination fees , which’ll save you money at closing.

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4 Tips To Starting Your Financial Plan

Saving Cents With Sense

Only 32 percent of Americans prepare a monthly budget, according to a Gallup poll taken in June 2013. Creating a short-term budget and long-term financial plan can not only help you get out of debt once and for all, but they can also guide you to economic independence and prosperity. Build a Budget & Emergency Fund.