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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.

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

Prairie Eco-Thrifter

Save money in a bank account (or perhaps a company retirement plan). 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. When I was growing up, my ideas about money were limited. Get a good job.

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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.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

How did you get interested in saving money? I learned to save money by watching my parents. (I I still remember saving my change as a kid so I could “shop” for books at yard sales.) What’s the “why” behind your money-saving efforts? A third “why” is that saving money is like a game to me.