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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Darwin from Darwin’s Money asks Are You Better Off Than Your Parents?

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How To Get A Business Loan In 6 Steps

Savings Corner

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). Brick-and-mortar banks tend to work with businesses that have a strong financial profile. For the best interest rates, most banks will look for a score of 680 or higher. Some lenders require both.

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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. 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.

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Debt Consolidation Calculator | Bankrate

Savings Corner

Try adjusting the terms, loan types or rate until you find a debt consolidation plan that fits your goals and budget. Debt consolidation is the process of combining several debts into one new loan. The goal is to streamline payments, lower interest, and pay off debt more quickly.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Recently Go Banking Rates conducted two studies on savings rates with startling results. But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. ” I hear you. It is a lot. 5 Strategies to get Started: 1.

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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

Family Balance Sheet

2 – Create your own Debt Freedom Plan. I realized that we were spreading ourselves too thin and our finances were not as great as I thought they were. We are following his debt snowball method and the book provided the blueprint for our Debt Freedom Plan. Download your FREE Debt Payoff Goal Tracker.

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Secret tips to creating an online savings budget – Is this the way to financial freedom?

freestuff.tv

Check out this guest post by Angela from Debt Consolidation Care: It needs no mention that budgets and savings play a pivotal role in assisting consumers in paying off debt. Here are some secret tips in creating a budget that can rejuvenate your personal finances and become debt free.

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