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Find out how Richard paid off $40,000 of debt

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Today’s Debt Free Story is from Richard of Frugality Magazine , where he shares frugal living tips for financial freedom. How much debt did you pay off? What kind of debt was it? In total I estimate I paid off round $40,000 worth of debt, though depressingly a fair chunk of that was just interest.

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Find out how Maureen Paid off $79,540 in Credit Card & Student Loan Debt

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Today’s Debt Free Story is from Maureen. She writes at A Debt Free Stress Free Life. Besides writing on my personal finance blog, A Debt Free Stress Free Life, I’m an adjunct professor at a local college and own a residential and commercial cleaning business. How much debt did you pay off? What kind of debt was it?

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My Life Plan

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A few years ago, we were struggling financially and I felt like our situation was hopeless. At the time, I wasn’t sure how we were going to pay our monthly bills, so future plans like funding our retirement , our daughters’ college education, or a lavish vacation were not on my mind. Pay off our mortgage debt.

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How to Start a Budget (and be successful at it!)

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Do you look at your bank account and wonder, “where did all the money go?” Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. receipts, statements, all upcoming bills, and any other history of your spending. lined paper.

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Mortgage Refinancing: What Is It And How Does It Work?

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This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. You can use these funds as retirement income, to pay medical bills or for any other goal. Lenders sometimes offer no-closing-cost refinances but charge a higher interest rate to compensate.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. You will also start to repay the money.

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10 Best Low-Risk Investments In April 2024

Savings Corner

Try Bankrate’s free AdvisorMatch service to quickly get connected to a CFP® professional who can help you achieve your financial goals. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails. Treasury notes stretch out up to 10 years.

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