article thumbnail

Our 2023 Financial Goals

Family Balance Sheet

In 2020, our financial goals were to read, research, and understand both college and retirement planning. Our oldest is a junior in high school and college becomes reality in the fall of 2024. We want to assist our daughters with their college expenses. College is crazy expensive right now. My basement is still a mess.

article thumbnail

Meet a Reader | Gretchen from Oregon

The Frugal Girl

I can remember quite a few years in college and grad school when my part-time jobs juuuuust barely covered my expenses (and sometimes not even that!) I don’t know how I heard about Katy’s blog first! How did you become interesting in saving money? I think I first got interested in money by … not having any!

Oregon 192
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Danger In Assuming

Prairie Eco-Thrifter

With just a few years separating them from retirement, they were both laid off unexpectedly, the year before I started college. They can come in the form of a health scare a home repair or otherwise. At age 50 my parents were at the top of their game, both highly compensated members of major corporate teams.

article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

We still have a mortgage, however I feel like we can switch gears to be less focused on paying off debt and more focused on saving money, building our net worth and retirement, setting up a plan for college for our girls, and having some fun. 8 – Start college funds for our two girls. We’re way behind on this.

Debt 100
article thumbnail

What Is A Home Equity Loan?

Savings Corner

The amount you can borrow with a home equity loan is based on the current market value of your home, the size of your mortgage and personal financials like your credit score and income. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process.

Home 52
article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. homeowners as of year-end 2023.

Home 52
article thumbnail

Create your debt freedom plan

Family Balance Sheet

We also had some building repairs that we needed to cash flow. Start college funds for our two girls. Next, make a list of your current needs , such as home repairs, medical needs, or educational needs. Increase business emergency savings. Cash flow necessary business expenses. Unfortunately, they’re not cheap.

Debt 130