Savings Corner

DECEMBER 25, 2023

To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How does your debt-to-income ratio impact affordability? Debt and expenses.

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Calculators Debt Insurance Taxes 52

Prairie Eco-Thrifter

NOVEMBER 25, 2012

In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. If you are pondering this question, you probably have access to some spare cash; otherwise you wouldn’t be considering either savings or investment. What Is Saving?

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Savings Corner

APRIL 4, 2024

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. The difference between the two is given to you in a lump-sum payment.

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Family Balance Sheet

OCTOBER 15, 2021

Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. In January of 2020, I was gung-ho about saving for college, however, I had no idea what was about to happen.

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Family Balance Sheet

MARCH 5, 2021

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This trip was a reward for our years of paying off six figures of debt , and we were going to pack a lot into our week. I’m saving my plasma money for summer trips and activities. Whew, got all of that! Ibotta: $24.75.

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February Money Airline Flights 257

Family Balance Sheet

AUGUST 6, 2022

Here are five ways that I saved money this month. Related reading: 10 Ways to Save at Giant Food Stores. To save time during the week, I make the salad and chop the fruit on Sunday nights. I took advantage of a “welcome back” bonus payout that ended in July, so this average will go down in August.

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Penny Pinchin' Mom

FEBRUARY 16, 2024

I’m talking about how to earn, save, invest, and ultimately make your money work for you. Do you have a retirement plan or a healthy savings account? Pay Down Debt Yes, this is a good way to set yourself up financially. Getting out of debt should make the top three of your financial priorities.

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The Frugal Girl

FEBRUARY 26, 2024

The focus was on saving money and resources and living in an eco-conscious way. How did you get interested in saving money? I was always in debt, which has been a tremendous source of shame for me. What’s the “why” behind your money-saving efforts? Apply it toward debt. Fun fact: J.D.

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Daughter Green And Frugal Money Grandmother 130

Family Balance Sheet

JANUARY 17, 2018

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. If not, we’ll start saving in 2019.

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Financial Goals Goals 2018 Debt 113

Prairie Eco-Thrifter

SEPTEMBER 25, 2014

There is an unfortunate trend in North America of people not saving enough to sustain themselves in retirement. On top of that, people are also not saving enough for an emergency or a rainy day. Too often, we rely on debt to get us through tough times instead of thinking and planning ahead. Review Your Balances and Spending.

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Making Emergency Fund Saving Debt 192

Savings Corner

APRIL 4, 2024

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. What is a home equity loan?

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Savings Corner

APRIL 4, 2024

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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Family Balance Sheet

NOVEMBER 18, 2022

Take advantage of my free budget excel spreadsheet that I offer to email subscribers. Take these steps and have a Debt Free Christmas. How do you save for Christmas spending? Your first step is to sit down with your spouse and family and brainstorm all of your holiday spending needs. Have you started planning for Christmas?

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Christmas Budgeting Budget Money 130

Family Balance Sheet

APRIL 12, 2016

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. What inspired you to get debt free? The inspiration to pay off my debt was watching my grandmother balance her checkbook.

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Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Personal loans have advantages and drawbacks.

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Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

JULY 2, 2015

Today’s Debt Free Story is from Acadia. How much debt did you pay off? What kind of debt was it? All of our debt was $97,000 in student loan debt. We ended up buying a house from a relative, which put us in even more debt. What inspired you to get debt free? Tell us about you and your family.

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Savings Corner

DECEMBER 23, 2023

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. The proceeds from your life insurance policy can be used to repay these debts, ensuring that your family is not responsible for settling them.

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Life Insurance Insurance Debt College Tuition 52

Prairie Eco-Thrifter

AUGUST 12, 2013

Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). . I was contributing hundreds of dollars each month to it, and now I could add that back into my savings plan or budget. Pay Down Debt.

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Emergency Fund Debt Goals Money 200

Koupon Karen

JANUARY 15, 2024

Cash Flow And Debt Management: Such loans can also ensure smooth operations during cash flow challenges and consolidate high-interest debts, simplifying management and potentially saving money. By following these strategies, you can maximize the advantages of business financing and drive your enterprise toward success.

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Savings Corner

DECEMBER 23, 2023

Life insurance may not seem like a priority right now, especially with competing financial concerns, such as saving for your first big purchases or paying off your student loans. Consider directing at least a portion of your pay toward long-term financial goals, like saving for retirement and purchasing a life insurance plan.

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Life Insurance Insurance Graduation Financial Goals 52

Savings Corner

DECEMBER 24, 2023

These areas range from the basics such as budgeting to more complex areas such as saving and investing for retirement as well as estate planning for the distribution of your assets. Debt reduction – How much do you need to pay down and how can you do it? Investments – How can you save and invest to grow wealthy?

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Goals Debt Taxes Insurance 52

The Frugal Girl

FEBRUARY 18, 2024

How did you get interested in saving money? At age 12, I started saving up my allowance and babysitting money to buy Christmas gifts for other children who were less fortunate. What’s the “why” behind your money-saving efforts? Another big win would be taking advantage of our great public library system.

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Kids and Family Home and Garden Money Frugal 185

Family Balance Sheet

MAY 27, 2015

Today’s Debt Free Story is from Olivia. We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off? What kind of debt was it? We paid off a total of $118,000 debt. What inspired you to get debt free?

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Debt Debt Free Pay Off Debt Finds 100

freestuff.tv

APRIL 7, 2011

inc shipping (RRP $19.99) You have less than 24 hours to take advantage of this deal, so be quick. Please subscribe via Email to have savings, advice, coupons and offers sent directly to you. We want you to live the generous life, simple and debt free. Save 50% to 90%. Now EVERYONE wants one. Grab it for just $8.00

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Debt Free Debt Saving Reuse 109

Prairie Eco-Thrifter

APRIL 28, 2011

Guest Post Author Bio: This post was contributed by Jane Sanders from Debt Management. Visit her site for more financial tips and debt management help. An Earthship is a residential building made from recycled materials that often utilizes an unconventional shape or layout to take advantage of natural solar heating.

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Saving Money Money Debt Plumbing 145

Prairie Eco-Thrifter

NOVEMBER 5, 2012

You must control your debt. You have to persist in saving year over year. You must persist in living below your means to stay out of debt and save. Each new property adds both debt and income as well as future equity. You may be working for someone else and saving part or all of your paycheck. Persistence.

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Making Real Estate Garage Sale Debt 229

Prairie Eco-Thrifter

JULY 25, 2011

Are you so far in debt that you think you’ll never get out? Are you bone weary of scrimping and saving? Getting there is not just about executing a debt reduction plan or earning passive income. Paying off debt is great but having no quality of life in the process is not the way to do it. How Do You Do It?

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Debt College Goals Life Insurance 172

Savings Corner

APRIL 4, 2024

This can help you keep your monthly payments down and avoid unnecessary debt and interest. If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. You can only take the deduction up to a certain threshold, however, based on your total mortgage debt.

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Credit Home Debt College Tuition 40

Family Balance Sheet

JULY 9, 2014

When my husband and I wrote our Debt Freedom Plan earlier this year, we made a commitment to scrutinize our monthly expenses to find money to put towards our plan. Our Savings: $67 a month or almost $800 a year. Our savings: $55 a month or $660 a year. Our savings: $184 a month. We want to have our cake and eat it too.

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Grocery Spending Financial Goals January Budgeting 242

Prairie Eco-Thrifter

JULY 4, 2011

Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? How about you? What do you think? He’s right.

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Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

FEBRUARY 26, 2011

0 saves Save. 6 Ways to Save Money On a Gym Membership [link] #. Reader Asks About Selling Home to Pay Off Debt – [link] I agree. Paying Debt vs. Saving Money [link] I say pay off debt. Advantages of Buying a House With Cash [link] via @ flexo What would you do?

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Pay Off Debt Swap Debt Finance 113

Prairie Eco-Thrifter

OCTOBER 21, 2012

Editors Picks: Big Cajun Man from THE Canadian Personal Finance Site shares 10 Phrases I have Used to Save Money. Really, we should all carry a cue card in a our wallet that we can just whip out and use anytime we have an opportunity to save money. We take advantage of anything we can get if it is free or cheap, but do we need to?

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Personal Finance Finance Debt Money 219

Prairie Eco-Thrifter

MAY 29, 2013

For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Debt load – 30%. This portion of your score reflects how much debt you carry. If you prefer to pay cash and avoid revolving debt, that’s great.

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Credit Cards Credit Building Rent 234

Savings Corner

DECEMBER 25, 2023

The best rates are also typically reserved for borrowers with excellent credit scores and low amounts of existing debt. Pros and cons of HELOCs A HELOC’s main advantage is that it offers flexibility. Source link The post Best HELOC Lenders of 2023 appeared first on Savings Corner.

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Credit Cards Credit Re-use Home 52

Prairie Eco-Thrifter

JUNE 4, 2012

Stay with me here – I’m very concerned about my child’s future, especially in these debt-ridden times of financial uncertainty. Even though my son is only three, I am already teaching him that it’s important to value saving his money. How do you teach a child financial responsibility ? When he was born, I did think to draw up a will.

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Life Insurance Insurance Debt Money 187

Family Balance Sheet

JANUARY 3, 2012

Four hours of uninterrupted time is a luxury, so we took advantage of it. Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. Currently, we have about 3 months salary saved, but we are self-employed and should have a six month security net. Our 2012 Financial Goals.

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Financial Goals Goals 2012 Emergency Fund 127

Prairie Eco-Thrifter

SEPTEMBER 7, 2021

You can use this cash inflow for your monthly expenses or save it up in your bank account. Another advantage of Airbnb is that it is free and easy-to-use, you can simply sign up and share your home. Senior homeowners can use this money to pay their daily expenses or repay their credit card debt. List Your Property on Airbnb.

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