Remove College Tuition Remove Debt Remove Finance Remove Money
article thumbnail

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

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

Debt 236
article thumbnail

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. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. You will also start to repay the money.

Debt 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Savings Corner

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.

article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. 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?

Home 52
article thumbnail

Best Cash-Out Refinance Lenders of 2023

Savings Corner

Many people use the cash from a cash-out refinance to fund large-scale home improvements, education expenses or debt consolidation. After the draw period ends, you may no longer take money out, and you pay the principal plus interest. Most lenders will require you to maintain at least 20% equity in your home.

article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress. To take advantage of the bonuses, you must link your eligible 529 College Savings Account.

College 130
article thumbnail

Why I Don’t Use Credit Card Rewards Programs

Prairie Eco-Thrifter

Any loyalty program is designed to keep you coming back for more – to help you want to spend money in their store, on their merchandise. carries credit card debt of $15,325, although that figure is somewhat skewed by a small number of extraordinarily debt-stricken families and couples.”. Money Tips'