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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We just wanted to pay off our credit cards, which seemed like a huge task since we’d struggled with it for years. I think I even announced it during a meeting at work.

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How We’re Using Upromise to Save for College

Family Balance Sheet

Since March of 2020, over $1300 has been transferred into my daughters’ 529 College Savings Accounts. In the grand scheme of college tuition, $1300 barely makes a dent, however, that was just the first 18 months, and we have another 9 years before my youngest graduates from college. 108 Months X $72 = $7,776!

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Your cost to borrow could be lower: Cash-out refinances often have lower rates than home equity loans , personal loans and credit cards.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

HELOCs (home equity lines of credit) come with variable interest rates and fluctuating monthly payments (like credit cards). Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. HELOC: What is it?

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