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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

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. 5 Lessons Learned When Our Finances Went Awry. Yep, life was good. The numbers that looked great on paper were in reality turning out to be very challenging.

Finance 100
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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Don’t take out more cash than you need, and make sure you’re using it for a purpose that will improve your finances instead of worsening your situation. Is a cash-out refinance right for you? There are no limitations.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business. We were excited to cross this accomplishment off our bucket list.

Goals 100
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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. Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. Home equity loan: What is it?

Home 52
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P.E.P. for Week of January 31- February 4/11- Superbowl Edition

Prairie Eco-Thrifter

Most of the conversations we had with each other over the three months was what trades to make and who was an early pick up. Retirement lingo can get confusing if you are just starting out learning about finances. Personal Finance by the Book tells us how we can save money where we least expect it. What do you think?

January 113