Penny Pinchin' Mom

MARCH 11, 2024

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. You can even use a budgeting app if you need a little more support reaching your financial goal.

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Family Balance Sheet

OCTOBER 15, 2021

Since March of 2020, over $1300 has been transferred into my daughters’ 529 College Savings Accounts. In the grand scheme of college tuition, $1300 barely makes a dent, however, that was just the first 18 months, and we have another 9 years before my youngest graduates from college. 108 Months X $72 = $7,776!

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Savings Corner

APRIL 4, 2024

Source: ICE Mortgage Technology February 2024 “Mortgage Monitor” report Pros and cons of a home equity loan Advantages You’ll have a fixed interest rate and predictable monthly payment. This might help shield your budget from fluctuating-rate increases. This unpredictability could wreak havoc on your budget.

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Savings Corner

DECEMBER 24, 2023

Personal loans have advantages and drawbacks. You might, for example, be offered financing by a home improvement store when you buy an appliance. Financing big events Consumers with a pricey event like a wedding , a honeymoon or a vacation often take out personal loans to fill the gaps in their budget.

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Savings Corner

APRIL 4, 2024

Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move. For example, if your home’s current fair market value is $500,000 and you owe $250,000, you have a 50 percent equity stake. This might make it easier for you to budget for and pay each month.

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