Savings Corner
DECEMBER 25, 2023
An important metric that your mortgage lender uses to calculate the amount of money you can borrow is the DTI ratio — comparing your total monthly debts (for example, your mortgage payments, including insurance and property tax payments) to your monthly pre-tax income. Or a $400,000 house?
Family Balance Sheet
MAY 6, 2020
Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. I decided to use Dave Ramsey’s 7 Baby Steps as a guide and I wrote our first Debt Freedom Plan. Boy am I glad we don’t have that loan right now!
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Prairie Eco-Thrifter
JUNE 5, 2012
Perhaps your sibling has a drug problem and wants to buy more drugs with the money. Take Baby Steps Start by saying no to small things. Delayed No : Buy time by saying you will get back to them later (maybe they will get the money some other way). Conditional No : Say no, unless these conditions are met.
The Frugal Girl
MARCH 4, 2024
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. I always used to buy heads of romaine lettuce to wash and tear up for salad because it’s less expensive than buying prepped salad greens.
Family Balance Sheet
JUNE 22, 2020
Overwhelmed with everything, I wrote our first Debt Freedom Plan based on Dave Ramey’s 7 Baby Step strategy but tailored to our lifestyle. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.
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