Family Balance Sheet
MAY 6, 2020
How Our Debt Freedom Plan Prepared Us for the Pandemic. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.
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 refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. This can be a boon for your credit score.
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Savings Corner
DECEMBER 25, 2023
To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How does your debt-to-income ratio impact affordability? Debt and expenses. Credit profile.
Savings Corner
DECEMBER 25, 2023
A lot of factors go into that assessment, and the main one is debt-to-income ratio. Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support.
Family Balance Sheet
DECEMBER 29, 2020
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. One January, we received a very large credit card bill in the mail. Actual Spending Log – Use this spreadsheet to enter your actual income and spending for each month.
The Frugal Girl
FEBRUARY 18, 2024
While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market. We rented at first, but the rental situation in our new town was poor. I was determined to buy a house that was less than we could afford.
Family Balance Sheet
JUNE 4, 2015
However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.
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