Remove Buying Remove Debt Remove Health Remove Pay Off Debt
article thumbnail

Learning to Save & Pay Off Debt | Guest Post

Saving Cents With Sense

Then more than a year ago something in me changed after a health scare and I realized that it’s important to pay off debt and save more than ever. I’m currently taking care of my debt one month at a time. Over a year and a half ago I had to quit my job due a health scare.

article thumbnail

Find out how Jessica & Her Husband Paid off $175,000 of Debt

Family Balance Sheet

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? Total, we paid off $175K in 2 years!! 130K in mortgage debt. 10K in car payments, $35K in credit card debt. We made the decision to tackle our debt back at our home church in Chattanooga.

Debt 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is A Home Equity Loan?

Savings Corner

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. What is a home equity loan?

Home 52
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

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. After the first year, the new business debt weighed on me.

Debt 130
article thumbnail

Personal Loans: Compare Top Lenders, Rates

Savings Corner

To qualify you, lenders look at factors including your credit score, credit report and debt-to-income ratio. Those with fair to bad credit (scores below 690) may have to look a little harder and pay a higher rate for a personal loan. Large expenses: You can use a personal loan to buy a boat , RV or other items with large price tags.

Debt 40
article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

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?

article thumbnail

20 Tips for Frugal Living

For the Mommas

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. Buying isn’t always the better investment. If you calculate your mortgage interest, the cost of insurance and maintenance, buying can be much more expensive than renting.