Motherhood Moments

JANUARY 18, 2023

Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Thanks for reading!

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Savings Corner

DECEMBER 27, 2023

Lenders primarily use your financial and credit information to determine your rate, but may consider additional information like whether you own your home, your education level and your employer. Consumer advocates say 36% is the highest annual percentage rate a loan can have and still be considered affordable. Find a co-applicant.

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Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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For the Mommas

JANUARY 23, 2013

Nearly 46% of consumers say they typically consider making a financial resolution – up 31% since the first year of the survey in 2009. Saving more (52%), spending less (19%) and paying off debt (19%). One of the easiest and most overlooked ways to spend less is by re-evaluating your debt and improving your credit score.

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Family Balance Sheet

SEPTEMBER 9, 2014

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Then my husband decided to pay off his car.

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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. to 10 percent.

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Family Balance Sheet

JULY 2, 2015

We rarely use a credit card and if we do, we pay it off right away. If we want to buy a car, we save and pay cash. This may seem like a strange answer to put in this section, but we believe in helping others when they are struggling and putting our finances towards caring for our community and others around the world.

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