article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our first storm: 2007. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. As self-employed small business owners, we have lived through some tough months, but in 2007, it was a tough year. For a variety of reasons, our business slowed down in 2007.

Debt 130
article thumbnail

5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

Even though we bought a house in 2007, I never once expected it to be a money-maker. We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them.

Money 237
Insiders

Sign Up for our Newsletter

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

article thumbnail

Homes Still at Unaffordable Highs Despite Settling Prices

Savings Corner

Key Takeaways Home affordability is at its worst point since 2007, according to a measure from housing data provider ATTOM. Since 2007, the expense-to-wage ratio has remained above the 28% level preferred by mortgage lenders. Major homeownership expenses require one-third of the average wage nationwide, a 16-year high.

Home 52
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

In 2007, when the kids were 8 and 13, we recreated that trip – with a travel trailer and bunks instead of a miniscule tent. Alan and I, by choice, bought land in an area with low property taxes. Had we not fallen in love with the locale, it wouldn’t have mattered how low the taxes were, but fall in love we did.