Savings Corner
APRIL 4, 2024
You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Lenders consider it when approving you for a mortgage or other home-based financing. Using our example above, that’s 0.8 Home equity can be a valuable resource for homeowners.
Family Balance Sheet
OCTOBER 15, 2021
Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. 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.
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Prairie Eco-Thrifter
OCTOBER 22, 2013
For example, if your kid wants a new bike, tell them to save toward a goal and that you’ll match them if they reach it. If you’re modeling unhealthy and unbalanced financial habits, you can realistically expect your kids will follow the example you’ve given them. The older your kids get, the more you can teach and expose them to.
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 refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. That means you have $300,000 in equity.
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. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.
Savings Corner
APRIL 4, 2024
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. Home equity loan: What is it?
Saving Cents With Sense
JANUARY 18, 2013
Saving money at the grocery store , gas station , car insurance, or even college tuition are all examples of things that should be something you strive for and are eager to achieve. When you save money and watch your spending, you’re going to feel a lot better about your finances and this can help you relax.
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