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Meet a Reader | JenRR from the Midwest

The Frugal Girl

I’m 47, married, and living amongst the cornfields in a college town in the Midwest U.S. As our family and household income grew, my husband and I made it a goal to put more money aside for emergencies, retirement, college, home improvements, etc. I live in a fairly transient town with lots of college students. Childhood joy.

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Benefit from My Financial Mistakes

Prairie Eco-Thrifter

I picked the wrong college major. Starting college right after high school, I had no clue about which careers I should consider. I did not take advantage of either high school or college counselors to help figure it out. I saved to send kids to college first, before retirement. I refused to accept offered help.

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Four Reasons to Have a Gravel Driveway

Prairie Eco-Thrifter

Gravel Doesn’t Cause The County to Raise Our Property Taxes. If we re-installed a paved surface driveway, the county assessor would no doubt cruise by and decide to raise our property taxes – at least according to my spouse! There Are Drawbacks To Gravel On A Driveway. Go Frugal Go Green'

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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. College education: Tapping into home equity to pay for college can make sense if the refinance rate is lower than the rate for a student loan. That means you have $300,000 in equity.

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5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them. This book encouraged me to stop thinking of my primary residence as an investment. And, of course, it hasn’t been.

Money 237
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed. When my own parents were the age that I am now, I was graduating from college. I wasn’t sure how I was going to pay for everything that month.

Goals 100
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. I connected with some college friends via Zoom for a happy hour. Fortunately, we won’t be driving much.

Budgeting 246