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Best Cash-Out Refinance Lenders of 2023

Savings Corner

If you do a cash-out refinance to pay off credit card debt or finance college tuition, you’ll be paying off unsecured debt with secured debt — a move that’s generally discouraged because of the possibility of losing your home. Potentially higher interest rate.

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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. 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.

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How We’re Using Upromise to Save for College

Family Balance Sheet

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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Why I Don’t Use Credit Card Rewards Programs

Prairie Eco-Thrifter

An August 2013 issue of Daily Finance, in an article entitled Credit Card Debt Falling But Still Very High reported: “According to data from the Federal Reserve, as of July 2013, the average indebted household in the U.S. The hope is that you will not pay off the balance and will have to pay interest on that balance.

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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. Home equity loan: What is it?

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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

Unfortunately, for as much as they’re bombarded with commercials about products, they’re not bombarded with knowledge about how to manage their finances. Although a car or college tuition may be the immediate expenses your kid is saving up for, it’s never too late to plan and prepare for a house down payment or retirement either.

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How to Calculate Home Equity

Savings Corner

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. Home equity can be a valuable resource for homeowners.