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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances.

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Q&A | focus, blogging for money, and prepping for a split

The Frugal Girl

I feel I will never get rid of my credit card debt and I am so disappointed in myself that I let the balances get so high. If I were in your shoes, I would focus more on the process and on good habits , rather than on the ultimate goal of being free of credit card debt. I paid bills, had all the logins, did the tax returns, and so on.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. I have been sharing my passion for simple living on GrowingSlower.com since 2011, and I now have added the Real Mom’s Guide series of books and courses to further encourage my readers! How much debt did you pay off? What kind of debt was it? Where are you from?

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. HELOC: What is it?

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Family Budget Spreadsheets 2021

Family Balance Sheet

Years ago, there was a month where I hadn’t planned on a large property tax bill and I wasn’t sure where we were going to find the money. We were able to set aside the money over a course of 16 months and it felt amazing to walk into a store and have the cash for a purchase. This is a 12-month spreadsheet.

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Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

This can help you keep your monthly payments down and avoid unnecessary debt and interest. If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. You can only take the deduction up to a certain threshold, however, based on your total mortgage debt.

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How to Save Money From Salary Without Sacrificing Your Lifestyle

Penny Pinchin' Mom

Learning how to save money from your salary without sacrificing your lifestyle is a skill worthy of an entire course subject in the most prestigious of schools. Should you just pretend that you don’t have savings and increase your debt ? Things like taxes and the fact that groceries cost about 9% more now than they did last year.