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. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process.
Savings Corner
APRIL 4, 2024
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. Home equity loan: What is it?
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Family Balance Sheet
JANUARY 20, 2023
In 2020, our financial goals were to read, research, and understand both college and retirement planning. In 2022, I wanted to do a major purge of our home , and that lasted until about January 15 of 2022 when I reorganized our kitchen cabinets. Our oldest is a junior in high school and college becomes reality in the fall of 2024.
The Frugal Girl
JANUARY 9, 2024
My cute kids when they were little I used to be a Spanish teacher until I stopped working to stay home with my kids. 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!) My husband is a middle school language arts teacher.
Family Balance Sheet
OCTOBER 18, 2019
To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. 1 – Save a starter Home Emergency Fund. 6 – Increase our emergency funds for the home & office to 3 – 6 months worth of expenses. 8 – Start college funds for our two girls.
Prairie Eco-Thrifter
JULY 16, 2014
With just a few years separating them from retirement, they were both laid off unexpectedly, the year before I started college. To buy a home under the assumption that you’ll some day make a profit from it or rely on one source of income assuming it’ll always be available to you is financially foolish. Emergencies happen…to everyone.
Family Balance Sheet
APRIL 9, 2021
Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business. Increase our emergency funds for the home & office to 3 – 6 months worth of expenses. Start college funds for our two girls.
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