Savings Corner

APRIL 4, 2024

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. This can be a boon for your credit score.

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Family Balance Sheet

OCTOBER 15, 2021

Since March of 2020, over $1300 has been transferred into my daughters’ 529 College Savings Accounts. In the grand scheme of college tuition, $1300 barely makes a dent, however, that was just the first 18 months, and we have another 9 years before my youngest graduates from college. 108 Months X $72 = $7,776!

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Penny Pinchin' Mom

MARCH 11, 2024

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. What I do is use my credit cards in conjunction with cash back apps.

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Savings Corner

DECEMBER 24, 2023

One of the biggest benefits of a personal loan is that they often charge lower fixed interest rates when compared to other forms of lending, like credit cards. Personal loans have advantages and drawbacks. Consolidate debt: You can use a personal loan to consolidate expensive debt, such as credit card debt.

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Savings Corner

APRIL 4, 2024

You must also itemize deductions to take advantage of this writeoff. Potential boost to credit Two of the most important components of your credit score are your payment history and credit mix. Frequently asked questions on HELOCs What is a home equity line of credit (HELOC)? However, HELOCs also come with risks.

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Savings Corner

APRIL 4, 2024

Credit card rates are lingering above the 20-percent mark, and personal loans can stretch into the 25–35 percent range for borrowers with less-than-perfect credit scores. First, you need to have a real commitment to not build those credit card balances up again. to 10 percent. How does a home equity loan work?

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Savings Corner

APRIL 4, 2024

HELOCs (home equity lines of credit) come with variable interest rates and fluctuating monthly payments (like credit cards). Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. HELOC: What is it?

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