Remove May Remove Real Estate Remove Refinancing Remove Saving
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How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government. Every month going forward, transfer this money into a separate savings account that is connected to your checking account.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. If you are pondering this question, you probably have access to some spare cash; otherwise you wouldn’t be considering either savings or investment. What Is Saving? What About Debt?

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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

Our home-owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, we also owed the Federal government this year. I started our personal escrow account years ago, when we refinanced our mortgage. April is always a very expensive month for us.

Bills 100
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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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. Loans often don’t charge origination fees , which’ll save you money at closing. However, HELOCs may be harder to get in some cases, with more stringent criteria.

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Pros and Cons of Paying Off Your Mortgage Early

Prairie Eco-Thrifter

You may have read conflicting stories about this; some experts say keep the mortgage, while others say get it paid off as quick as you can. Saves Interest The biggest reason for paying your mortgage out early is the money you will save in interest; this could be a five or six figure sum. You’re not alone! Who do you believe?