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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. College education: Tapping into home equity to pay for college can make sense if the refinance rate is lower than the rate for a student loan. There are no limitations.

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5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

I figured the keys to financial success were: Get a good education. We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them. Get a good job. Work at said job for 30 or 40 years.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed. When my own parents were the age that I am now, I was graduating from college. I wasn’t sure how I was going to pay for everything that month.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

I learned from the best, but I believe that a personal finance course should be a requirement for both high school and college graduation. We, as a country, owe our young people a more comprehensive education. The banking experience helped, and I educated myself on investing as a young adult. That’s not right.