Remove Debt Remove Insurance Remove Pay Off Debt Remove Saving
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.

Debt 130
article thumbnail

Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher.

Recession 100
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Friday Links – Fridays Are Just Another Day

Prairie Eco-Thrifter

There were as always great reads out this week which I have highlighted below: Good Reads From The Blogosphere: If you’re tired of sky-high car insurance premiums, don’t miss Finance Fox’s post on alternative ways to save on car insurance. Paying off debt is hard to do.

Fridays 165
article thumbnail

Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. And what happens when you add in property taxes, utility, home insurance, and maintenance?

article thumbnail

Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. I had planned to pay it all off in 2.5 What inspired you to get debt free? Tell us about yourself. Where are you from?

article thumbnail

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?

Home 52
article thumbnail

5 Essential Money Tips for Newlyweds

Prairie Eco-Thrifter

Whether you want to pay off debt or save for retirement or get a new TV, you have to be in agreement on the big stuff. It does you know good if you want to live a frugal lifestyle, and you keep trying to save money, if your spouse isn’t on board. Being wary of debt (and paying it down if you have it).

Money 252