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Savings Corner
DECEMBER 24, 2023
Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. Instead of putting down cash as collateral, you may be able to use other assets, such as a home, boat or car. You will also start to repay the money.
Family Balance Sheet
SEPTEMBER 9, 2014
She and her husband paid off $147,000 in debt–including their home. About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt.
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