Savings Corner

DECEMBER 24, 2023

Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Buying a house: A step-by-step guide 1. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. Other things to consider Is it the right time to buy?

Real Estate 52

Real Estate Buy Buying Credit 52

Family Balance Sheet

JANUARY 20, 2017

I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. How much debt did you pay off? What kind of debt was it? It took us four years, but we paid off over $80,000 of debt! We are debt. debts one by one. What inspired you to become debt free?

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Prairie Eco-Thrifter

JUNE 28, 2011

Even though the listed examples are quite different from one another, each of them could be purchased and rented for a profit. Your property may not always be 100% rented, but it can easily be 75% rented. With a large rental house, it’s either 100% rented, or 0% rented. What is Debt Leverage?

Real Estate 180

Real Estate Rent Debt Calculators 180

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. Again, you’re not alone with this problem.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Family Balance Sheet

JUNE 22, 2020

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Also, the monthly mortgage payment was less than our rent payment.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JUNE 4, 2015

However a few years ago, we found ourselves with too much debt and not enough cash. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. Our business was doing well and it seemed like the right time for us to buy. Our business is again thriving.

Goals 100

Goals Debt Renovation Daughter 100

Prairie Eco-Thrifter

APRIL 10, 2014

I found out that the rent on this studio was $2,400/month. My rent in our spacious three bedroom was $500/month. When you overspend for convenience, you sink into debt, stuck with high interest credit card payments and risk of damaging your credit when you fall behind on your bills. The same is true of any challenge.

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Price Rent Financial Goals Converse 209

Savings Corner

FEBRUARY 2, 2024

Having good credit will be important down the road when you want to buy a home or get a car loan, but there are even more immediate benefits. For example, good credit can improve your chances of landing a job or renting an apartment. Renting an apartment. Setting up utilities.

Credit Cards 52

Credit Cards Student Credit College 52

Prairie Eco-Thrifter

MAY 2, 2013

Mr.CBB @ Canadian Budget Binder checks the pros and cons of renting and buying. Deacon @ Well Kept Wallet paid off debt in 18 months and is inviting readers to do the same. The ABC’s of Debt Reduction. Weiss @ The Insurance Protection Blog explains how much insurance a First Time Homeowner needs. PET Archives.

Life Insurance 167

Life Insurance Insurance Fridays Debt 167

Prairie Eco-Thrifter

JULY 4, 2011

Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? and says, “The big debt clock is over $14 trillion now, but this other one is approaching $1 trillion, and may affect you more directly.&#. How about you?

Personal Finance 240

Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

OCTOBER 10, 2012

I learned quickly that the costs add up and that budgeting is of utmost importance if you want to graduate without thousands of dollars worth of debt. It’s alarming how many classes that I had that required a textbook, which after buying, I only opened once or twice (for things that I could have searched on the internet).

College 188

College Library Rent Saving 188

Prairie Eco-Thrifter

SEPTEMBER 27, 2012

You may want to buy the cheaper ones and those that offer deals. For the meantime, do not buy by the bulk. Just buy what is needed at the moment so you will still have enough cash to pay for other necessities. If you are juggling between which ones to pay first, this is one of those on top of the list.

Bills 213

Bills Telephones Money Taxes 213

Family Balance Sheet

JULY 9, 2015

It’s no secret, I am fascinated, encouraged, and border-line obsessed with debt freedom. The idea of becoming debt free makes me downright giddy. So I love to hear the success stories of others who have found debt freedom. What did they specifically do to become debt free? 10 Smart Ways to Become Debt Free.

Debt Free 100

Debt Free Debt Budgeting Budget 100

Prairie Eco-Thrifter

MAY 26, 2016

What can you even buy for $.06? While the grand-kids savings account alternatives are slim – save in a piggy bank or buy that new toy, adults have a few other options. Of course, depending on what we buy, we may experience some buyers remorse. We could take on debt to grow using other people’s money.

Money 124

Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

MARCH 8, 2017

We planted, tended and harvested from a vegetable garden even when we rented a quadraplex. All require pruning for growth, just as your investments and debts do. You can trim off losing investments to free up the money to buy investments that will grow. Prune down debt to make way for savings to build. So do finances.

Finance 133

Finance Growing Flowers and Plants Gardening 133

Prairie Eco-Thrifter

OCTOBER 21, 2012

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. Kathleen from Frugal Portland shares More thoughts on buying a house. Peter from Bible Money Matters shares 10 Tips to Save Money on Your Christmas Shopping and Avoid Going Into Debt. Can buying new ever be cheaper than buying used?”

Personal Finance 219

Personal Finance Finance Debt Money 219

For the Mommas

JULY 24, 2016

You can use the difference in income to pay off debt, save or invest. Buy as small a house as you can while still being comfortable. Rent instead of own. Buying isn’t always the better investment. And if you rent, save money and then invest the difference. Stop impulse buying. 20 Tips for Frugal Living.

Frugal Lives 49

Frugal Lives Frugal Living Frugal Magazine and Newspaper Subscriptions 49

Prairie Eco-Thrifter

MAY 21, 2012

As with most popular sites on the web, Pinterest has become a channel for online retailers, so if I were to purchase everything that I liked exactly at the price I find it, it’s safe to say that I’d quickly be broke or worse, back in credit card debt. Are you a fan of Pinterest? Has it helped you save money? If so, how?

Money 188

Money DIY Saving Money Saving 188

Prairie Eco-Thrifter

APRIL 6, 2012

” Managing Debt. Jeremy Waller presents Do You Have What It Takes To Be Debt Free And Financially Successful? You see theres a reason that the majority of people are in debt. Theres a reason why the average amount of credit card debt per household is $15,956. Here are 5 steps to painlessly become debt free.

Money 133

Money Finance Personal Finance Real Estate 133

Family Balance Sheet

OCTOBER 9, 2014

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Fixed categories are things like your mortgage/rent, insurance premiums, and car payments. I keep a list of needs with me so I’m not buying stuff we don’t need.

Budgeting 100

Budgeting Budget Finance Organic 100

Prairie Eco-Thrifter

FEBRUARY 15, 2011

But those can saddle your children with debt for 20 years or more! Actively choose to not buy anything that can be borrowed. Rent books, books on tape, movies, and read magazines at the library. Using part of the money that is already earned is one way to not take up a second job and make higher education a viable option.

College 100

College Budgeting Budget Friends And Family Sale 100

Savings Corner

DECEMBER 27, 2023

These loans come with credit-building tools, flexible repayment terms and special features for debt consolidation and home improvement projects. Direct payment to creditors with debt consolidation loans. Maximum debt-to-income ratio: 75%, including mortgage and the loan you’re applying for. Minimum annual income: None.

Credit 52

Credit January Debt Credit Cards 52

Savings Corner

DECEMBER 25, 2023

What if you’re unable to rent out your property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. Or you may not be able to rent the home out for as much as you could before, as incomes decline. What if you get a tenant who pays late or damages the property?

Money 52

Money Making Real Estate Rent 52

Prairie Eco-Thrifter

MAY 29, 2013

For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Debt load – 30%. This portion of your score reflects how much debt you carry. If you prefer to pay cash and avoid revolving debt, that’s great.

Credit Cards 234

Credit Cards Credit Building Rent 234

The Frugal Girl

NOVEMBER 13, 2023

We had to sell it less than 3 years after buying it, and between that and the market timing (bought in 2009, sold in 2012), we were lucky to come out of the whole situation with our original mortgage paid off completely by the sale! I was in 4th grade, and had 2 younger siblings when they began their debt-repayment journey.

Kids and Family 192

Kids and Family Parenting Cars Car 192

Prairie Eco-Thrifter

OCTOBER 5, 2014

Do you make enough money to cover your mortgage or rent, groceries, transportation, and other essential expenses, but find yourself on a treadmill of not being able to save? Buying Stuff You Don’t Need or Use. Many people are, and you’re not alone. Think about everything you could use $1536 per year on.

Budgeting 245

Budgeting Budget May Lunch 245

The Frugal Girl

FEBRUARY 5, 2024

The weight of debt can be so heavy mentally in addition to the direct effects of it. Sewing holes in clothes, using up leftovers before they go bad, finding free activities for my little on the weekends, checking buy nothing or marketplace before purchasing- I am always just looking for ways to spend money. I try to get (and give!)

Virginia 185

Virginia Kids and Family Library Frugal 185

The Frugal Girl

NOVEMBER 20, 2023

We rented the scaffolding for $50 from Menards so I could finish this massive painting project. A small “mistake” is buying a Vitamix blender. An example of our shared values: we were looking to buy new nightstands for our bedroom, but were disappointed by the quality and designs. Being consistent.

Iowa 168

Iowa Friends And Family Sale Boys Son 168

The Frugal Girl

MARCH 4, 2024

When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. 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. The food you will actually eat is what is worth buying!

Green And Frugal 180

Green And Frugal Kids and Family Hotel Frugal 180

Prairie Eco-Thrifter

FEBRUARY 19, 2013

Housing, whether it is rent or a mortgage, accounts for the biggest piece of the pie at 31.8%. The chances are you already have a hefty credit card debt you are trying to pay off, so adding to it is only going to make things harder. Next comes transportation at 17.6%, but this is one area that could vary widely between households.

Budgeting 222

Budgeting Budget Credit Cards Transportation 222

Prairie Eco-Thrifter

JUNE 14, 2012

This can be as simple as forgoing dinner out sometimes and cooking at home more; taking your lunch from home sometimes instead of always buying it; and the oldie but goodie – giving up one expensive Starbucks coffee a day. Your budget helps you manage your debts, get them paid off and stops you getting in any deeper.

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Simple Finance Budgeting Budget 221

Savings Corner

DECEMBER 27, 2023

Bonus rewards are awarded based on where you buy something, not what you buy. Most cards offer a “grace period” : If you pay your balance in full on each statement — meaning you don’t roll over any debt from one month to the next — you won’t be charged interest. So if your interest rate is 17.5%

Credit Cards 52

Credit Cards Credit December Airline 52

Savings Corner

DECEMBER 27, 2023

7 best investments right now How investing pays off later Investing involves buying assets to generate profits over time. As with other types of investments, don’t buy a CD with money you might need soon. Where to buy CDs: CDs are sold based on term length, and the best rates are generally found at online banks and credit unions.

Real Estate 52

Real Estate Bank Banking Money 52