article thumbnail

Meet a Reader | Kim from Iowa

The Frugal Girl

Today we’re meeting a Midwestern reader who only occasionally masquerades as Mrs. Potato Head. ? We bought our house as a short sale in 2008. I think I could have gotten discouraged in my 20’s when I was chipping away at student loan debt and a car loan and in my 30’s when I had two kids in day care.

Iowa 168
article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 Debt-to-income (ratio): You’ll need an acceptable DTI to qualify for funding.

Home 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

Way back in 2008 I signed up for a Upromise account and then it sat unused for many years. Back in 2008, I was a mama to a toddler and infant, so a lot of things slipped my mind. Instead, it is my honest review. All links to Upromise are my referral links. Hello, 2020. I average about $18 a month. Show me the money!

College 130
article thumbnail

Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. That was in 2008, so you might imagine how that turned out! Where are you from?

Debt Free 100
article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. She lost both of her jobs in the course of a month, and they consequently couldn’t meet the mortgage payments on their almost new home as a result.