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Saving Money on Renovations

Prairie Eco-Thrifter

Of course, like all home buyers (particularly property virgins ), we have a vision and don’t want to sacrifice what we want. One of the biggest questions in our minds when we are considering a house that needs renovations is “how much?”, I don’t know if you’ve checked recently, but renovations are EXPENSIVE!

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How to Start a Business in 15 Steps

Savings Corner

But the process of writing it will help you chart a course for your business, too. Choose a business structure The legal structure of your business can affect everything from your taxes to what you’re liable for. Talking with a tax professional can help you choose the right business structure for you.

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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.

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Introducing: Family Budget Spreadsheets

Family Balance Sheet

There was a month in 2013 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 in to a store and have the cash for a purchase.

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

Savings Corner

If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. Possible tax-deductible interest Even after the Tax Cuts and Jobs Act of 2017, you can still deduct interest paid on a HELOC if you use the money for home renovations.

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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. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. homeowners as of year-end 2023.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. 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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