Motherhood Moments

MARCH 4, 2023

In this blog post, we'll share some of the top financial habits that can help you improve your financial mindset and reduce your chances of falling head over heels in debt. Smart money hacks for the debt-averse individual Here are some of the easiest and most effective strategies to get you started on the road to financial success.

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Prairie Eco-Thrifter

JULY 30, 2021

If you have mounted debts and need a way to cope, you may be interested in knowing more about debt consolidation loans. In this post, we will be detailing exactly what a debt consolidation loan is and how you can secure one today. What Is A Debt Consolidation Loan? How To Secure A Debt Consolidation Loan.

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Savings Corner

DECEMBER 27, 2023

However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such. You must settle your credit card debt on a monthly basis.

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Penny Pinchin' Mom

DECEMBER 17, 2023

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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Savings Corner

DECEMBER 24, 2023

If you are taking out a loan for home improvement , for example, the best lenders will be different than if you are looking for a debt consolidation loan. When you narrow down the top lenders, compare the annual percentage rates and use the calculator on this page to see how much different rates will cost you over the life of the loan.

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Savings Corner

DECEMBER 27, 2023

A personal loan calculator shows your monthly personal loan payments based on the loan amount, interest rate and repayment term. Use this calculator to help you decide whether a personal loan is the right financing option for your plans. How to use this calculator Enter a loan amount. Enter your interest rate.

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Savings Corner

DECEMBER 25, 2023

The challenge is buying a home that meets your current and future needs, without feeling like all of your money is in your home, leaving you without the financial freedom to travel, save for other priorities and have a cash flow cushion. Typically, lenders will want your total debts to account for no more than 36% of your monthly income.

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Family Balance Sheet

FEBRUARY 23, 2016

Are you ready to crush debt this year? We’re going to give it everything we’ve got and hopefully pay off the last of our non-mortgage debt by the end of this year. It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. Stretch yourself.

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Family Balance Sheet

AUGUST 21, 2020

You’ll know how much is in your checking and savings accounts and your retirement accounts. Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. There was a time our spreadsheet reflected a lot of debt and not a lot of savings. Column C = Current Balance.

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Savings Corner

DECEMBER 24, 2023

Find your net worth by using our net worth calculator. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Basically, the formula is: ASSETS minus LIABILITIES equals NET WORTH And by the way, your income is not included in a net worth calculation. What is my net worth?

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Family Balance Sheet

FEBRUARY 3, 2016

Today’s Debt Free Story is from Charissa. How much debt did you pay off? What kind of debt was it? We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free? They didn’t like debt, and as I grew up, neither did I.

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Family Balance Sheet

MAY 4, 2021

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Years ago during our Debt Freedom Plan, I avoided using credit cards, not because we had credit card debt, but I was trying to limit our overall spending. I save the points up to redeem a larger amount.

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Savings Corner

APRIL 4, 2024

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. Once you’ve zeroed in on your loan amount, run some numbers using a personal loan calculator. Tip: Include fees in your loan amount calculations.

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Savings Corner

DECEMBER 27, 2023

Ideally, you would calculate this before applying for a loan, says Rhode Island-based financial planner Greg Young with Ahead Full Wealth Management. The worst-case scenario is that you get a loan without a clear picture of its impact on your monthly cash flow, leading you to take on more debt to make up for it.

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Family Balance Sheet

OCTOBER 16, 2017

I could talk all day about personal finance and money-saving strategies, but my husband, while very responsible with money, just doesn’t feel the same way. The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. I added a Net Worth calculation.

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Savings Corner

APRIL 4, 2024

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. The difference between the two is given to you in a lump-sum payment.

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Savings Corner

DECEMBER 24, 2023

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.

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Savings Corner

DECEMBER 27, 2023

you can use a student loan payoff calculator to see how fast you could get rid of your loans and how much money in interest you’d save. Either strategy can save you a lot of money. By paying an extra $100 every month on a standard 10-year repayment plan, you’d be debt-free about five and a half years ahead of schedule.

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Motherhood Moments

FEBRUARY 16, 2023

Through this generous program, deserving applicants are awarded an opportunity to earn their college degree debt free. KC Scholars has been delivering on their mission of scholars graduating debt free for more than six years. The newest example of the program’s extraordinary offerings lies in the 2023 Traditional Scholarships.

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Savings Corner

DECEMBER 27, 2023

To qualify you, lenders look at factors including your credit score, credit report and debt-to-income ratio. Having steady income, low debt, a long credit history and a record of on-time payments will improve your chances of being approved. Using a car, savings account or other asset as collateral may get you a lower rate.

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Savings Corner

DECEMBER 25, 2023

Use a leasing versus buying calculator to calculate your potential savings. Lenders will look at your debt-to-income ratio, or DTI. Selecting a car with good gas mileage will save you money each month and could help you maximize any employer mileage reimbursements.

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Prairie Eco-Thrifter

MAY 15, 2012

There are lots of financial advisors out there who are trained in the art of financial planning , debt reduction and other financial strategies. Calculate Your Retirement Fund The first important thing to do is calculate how much you estimate you are going to need to fund your retirement.

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Savings Corner

APRIL 4, 2024

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?

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Savings Corner

APRIL 4, 2024

To refinance a mortgage, you’ll pay between 2 and 5 percent of the loan amount in closing costs, so if you’re refinancing to save money, you’ll need to calculate your break-even point. This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project.

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Family Balance Sheet

FEBRUARY 4, 2015

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. At the point when we finally got serious about paying off our debt we had $22,047 left.

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Family Balance Sheet

APRIL 2, 2021

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I calculate the per-hour rate from my plasma donations to make sure it’s a good use of my time. I’m saving my plasma money for summer trips and activities. Yep, I found a $20 bill while running on the beach!

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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. I send in $50 every month to each of their accounts.

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Koupon Karen

JANUARY 15, 2024

Cash Flow And Debt Management: Such loans can also ensure smooth operations during cash flow challenges and consolidate high-interest debts, simplifying management and potentially saving money. For instance, calculate if revenue from an expansion covers the repayments, maintaining your financial health.

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Savings Corner

APRIL 4, 2024

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look.

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Prairie Eco-Thrifter

NOVEMBER 5, 2012

You must control your debt. You have to be willing to take a few calculated risks. You have to persist in saving year over year. You must persist in living below your means to stay out of debt and save. Each new property adds both debt and income as well as future equity. Persistence. Lots And Lots Of Time.

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Family Balance Sheet

FEBRUARY 6, 2021

We had very little saved for a new-to-us car and we would have had to take out a loan to cover most of it, and that made me uneasy about purchasing the car. Instead, we opted to replace the tires and take a year or so to save for a car. We calculated our average annual mileage and expect to get 8-10 years with this vehicle.

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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.

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Family Balance Sheet

OCTOBER 22, 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. It was a very successful series and when I calculated how much we were able to find from the ideas, it totaled over $1000. Welcome to 31 Days to Organize Your Finances.

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Discount Coder UK

JANUARY 31, 2014

30 money saving advice, products and support sites www.ashadegreener.co.uk/ – free solar panels www.debtadvicefoundation.org/- free budget planner www.england.shelter.org.uk/ - free budget calculator for people in England www.gov.uk/options-for-paying-off-your-debts/overview. options-for-paying-off-your-debts/overview.

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Prairie Eco-Thrifter

OCTOBER 31, 2013

Andrea at So Over This knows how costly it is to stay on top of the bills each month and shared her 3 Tips for Saving Money on Your Internet. Grayson from Debt Roundup recently took out an auto loan and shared the reasons why in his When Opportunity Knocks post. Why Use an Equity Release Calculator?

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Prairie Eco-Thrifter

MAY 8, 2011

I am talking about spring cleaning your finances and finding more ways you can save money. Little House presents Not Enough Saved For Retirement? Little House presents Not Enough Saved For Retirement? Who says that you have to retire in the same country that you saved for it in. Save Money this Spring: #2.

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Family Balance Sheet

JUNE 4, 2021

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I calculate the per-hour rate from my plasma donations to make sure it’s a good use of my time. This money was put into my Christmas Savings account. Yep, I found a $20 bill while running on the beach!

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