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How We’re Using Upromise to Save for College

Family Balance Sheet

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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Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

Benefits of Life Insurance for Entrepreneurs and their Families Integrating life insurance into your business plan can provide a multitude of advantages for both you and your family. It can replace your lost income, ensuring that your family can continue to pay for bills, the mortgage, groceries, college tuition and more.

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What If We All Only Had One Child?

Prairie Eco-Thrifter

Only one child’s college tuition to pay. As mom of multiple children, I find several advantages and disadvantages to having more than one child. Overall, our financial lifestyle did not change dramatically when we grew from a family with no children to a family with one child. Only one hungry teenager to feed.

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. You can take advantage of tax deductions: If you use the funds for home improvements, you could take advantage of the interest deduction.

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Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

You must also itemize deductions to take advantage of this writeoff. HELOCs can be a good option if you have substantial equity in your home and you know you’ll need access to cash with some regularity over a period of time — college tuition bills over the course of several years, for example. Should you get a HELOC?

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Learn How to Protect Your Child’s College Fund

For the Mommas

Photos of teary eyed parents who scrimped and saved to send their child to college and pictures of the students who worked every summer to save for college were everywhere. Sending a child off to college is not only an emotional time for parent and student alike, it can also be a strain on the wallet and savings.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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. Or, if your costs will extend over a long period of time (like paying a home contractor in installments, or college tuition for four years).

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