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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband.

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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

We carried no credit card debt and we contributed to our retirement. Our small business was going well and we said so long to renting office space and purchased a commercial property. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. 5 Lessons Learned When Our Finances Went Awry.

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Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. But Dave Ramsey’s view of debt is very different.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

To many, working with a spouse would be too difficult, but our individual strengths and weaknesses complement each other and the arrangement has worked well. However a few years ago, we found ourselves with too much debt and not enough cash. Our business was doing well and it seemed like the right time for us to buy.

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How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Lenders consider it when approving you for a mortgage or other home-based financing. You can determine your level of equity on your own, as well. Here’s how.

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What Is A Home Equity Loan?

Savings Corner

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. What is a home equity loan?

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