Family Balance Sheet

JULY 9, 2015

It’s no secret, I am fascinated, encouraged, and border-line obsessed with debt freedom. The idea of becoming debt free makes me downright giddy. So I love to hear the success stories of others who have found debt freedom. What did they specifically do to become debt free? 10 Smart Ways to Become Debt Free.

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Savings Corner

APRIL 4, 2024

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. What is a home equity loan?

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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.

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Calculators Debt Taxes Insurance 52

Savings Corner

APRIL 4, 2024

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. Personal loan qualification requirements Your credit score , income and debt are usually evaluated by personal loan lenders to see if you qualify.

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Savings Corner

DECEMBER 27, 2023

The worst-case scenario is that you get a loan without a clear picture of its impact on your monthly cash flow, leading you to take on more debt to make up for it. Consolidation puts all of your debts together under one monthly payment at one interest rate.

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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 24, 2023

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Tax Filing Webinar — Jan. 17 File your taxes with confidence: Grab your limited spot to join the Tax Nerds in this one-hour session about tax filing and tax planning strategies. What is my net worth?

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Calculators Taxes Debt Consumer 52

Savings Corner

APRIL 4, 2024

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. HELOCs (home equity lines of credit) come with variable interest rates and fluctuating monthly payments (like credit cards). HELOC: What is it?

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Prairie Eco-Thrifter

NOVEMBER 25, 2012

In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. What About Debt? The chance viewing of an interview on TV gave me a third option – that of using my cash to pay off my debts, especially high-interest debt. What do you do?

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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. I am a planner by nature, so I leaned into my spreadsheets. This is a 12-month spreadsheet.

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Budget Budgeting Family Property Taxes 130

For the Mommas

JANUARY 19, 2016

Best Way to Spend Tax Refund. When that time of year arrives that you receive a nice large amount of refunded tax money, it can be tempting to immediately go on a shopping spree. Get Rid of Debt. Although this may be one of the least exciting ways to spend your tax refund, it makes the most sense.

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Savings Corner

APRIL 4, 2024

This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. Debt consolidation refinance Caret Down Like cash-out refinances, debt consolidation refinances give you cash. Your credit score will temporarily take a hit.

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Refinancing Work Debt Financial Goals 52

Prairie Eco-Thrifter

JULY 29, 2014

These people may accrue thousands of dollars of debt on a credit card their spouse doesn’t even know about. The popular sitcom, How I Met Your Mother, delved into this episode when Marshall discovered that Lily had over $20,000 in hidden credit card debt thanks to her designer clothes habit.

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Spendthrift Debt Marshalls Credit Cards 170

Prairie Eco-Thrifter

SEPTEMBER 7, 2021

Senior homeowners can use this money to pay their daily expenses or repay their credit card debt. The amount is non-taxable, which means people who use this option don’t have to worry about paying taxes. . Enjoy Tax Incentives: If you own the house you rent for less than two weeks, you don’t need to pay any federal taxes.

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Money Home Rent Making 100

Prairie Eco-Thrifter

MAY 8, 2011

t Paydown Your Credit Cards. Crystal presents 5 Credit Card Mistakes You Want to Avoid. Credit cards can be a great tool but these mistakes are all too common. Avoid them and you’ll do fine in the world of credit. Glen Craig presents Credit Cards for Excellent Credit.

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Saving Money Money Credit Cards Insurance 232

Family Balance Sheet

FEBRUARY 4, 2015

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. At the point when we finally got serious about paying off our debt we had $22,047 left.

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Prairie Eco-Thrifter

JUNE 14, 2012

” CCS presents Savvy Credit Card Use: Track Your Spending posted at Credit Card Smarts , saying, “A big key to using your credit card wisely is tracking your credit card spending. Financial Planning Odysseas presents Forget Your ATM Card? Not so today.

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Money 2012 June Credit Cards 124

Savings Corner

APRIL 4, 2024

This can help you keep your monthly payments down and avoid unnecessary debt and interest. However, HELOCs also have a variable rate, and the sense of a seemingly limitless credit line could make them risky for less-disciplined borrowers. Frequently asked questions on HELOCs What is a home equity line of credit (HELOC)?

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Prairie Eco-Thrifter

MAY 27, 2012

Like I state on my About page , I was in debt and living a life that didn’t satisfy me. Statistics show that nearly one in two Americans are in serious financial problems due to their debt levels. Avoid using store cards; they usually have excessively high interest rates and this negates any savings you might make.

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Emergency Fund Credit Cards Budgeting Budget 212

Family Balance Sheet

JANUARY 20, 2017

I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. How much debt did you pay off? What kind of debt was it? It took us four years, but we paid off over $80,000 of debt! We are debt. debts one by one. What inspired you to become debt free?

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Prairie Eco-Thrifter

FEBRUARY 9, 2012

If you make $50,000 a year after taxes and spend $60,000 a year, your finances are going backward. You know you shouldn’t be using credit cards all the time. Sure you know you are in debt over your head. So you continue to get further in debt as you continue to spend. Look at how much you spend each month.

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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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Family Balance Sheet

MAY 27, 2015

Today’s Debt Free Story is from Olivia. We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off? What kind of debt was it? We paid off a total of $118,000 debt. What inspired you to get debt free?

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Prairie Eco-Thrifter

OCTOBER 17, 2012

I managed to rack up over $20,000 of credit card and personal debt by the time I was 23 and this affected my ability to keeo my first house. I reached the conclusion that budgets weren’t for me and continued spending money I didn’t have, courtesy of several credit card companies. Well, actually, no!

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Budget Budgeting Debt Money 214

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. The first few years after graduating, I racked up a large credit card debt and bought a new SUV that cost approximately the same as my annual salary.

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Kids and Family Home and Garden Money Frugal 181

Prairie Eco-Thrifter

JULY 4, 2011

It was during this rather taxing weekend that I was reminded of how great a loving family can be. Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? Families are our rock, our support system, and our fans.

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Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

JUNE 20, 2012

Working out how much the down payment would be is only half the answer – you’ll also need to work out what is affordable on your budget once you’ve factored outgoings and debts into the bargain. How much of your income would be used to pay down your house-related debts? What Can You Afford? What Is an Affordable Mortgage?

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Money Home Debt Buy 186

Prairie Eco-Thrifter

MAY 15, 2012

There are lots of financial advisors out there who are trained in the art of financial planning , debt reduction and other financial strategies. The tax laws now allow workers over 50 to increase their contributions, so if this is you, find out more. The last thing you need after retirement is debts you are still paying off.

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Personal Finance Finance Debt Calculators 221

Prairie Eco-Thrifter

OCTOBER 21, 2012

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. ” Harry Sit from The Finance Buff asks Tax Efficiency: Relative or Absolute? , When you can’t fit all your investments into tax advantaged accounts, which investments should be given priority: stocks or bonds?

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Personal Finance Finance Debt Money 219

Family Balance Sheet

JUNE 8, 2018

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. During that time, I started to budget for everything.

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Budget Budgeting Financial Goals Goals 133

Prairie Eco-Thrifter

MARCH 14, 2011

Consumer Boomer presents How To Be Frugal With Your Credit Card posted at Consumer Boomer , saying, “Frugal use of a credit card can actually save you money rather than cost you money! But is that even a legitimate reason to file a tax extension?&#. Here’s how…&#.

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Prairie Eco-Thrifter

MAY 10, 2012

’ Financial Planning Ashley presents Should I Get Married with Debt? Madison presents Credit Card Application Spree to Maximize Sign Up Bonuses posted at My Dollar Plan , saying, “It’s time for a round of credit card applications to make some money! ” A Blinkin presents Should I Buy A House?

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Money May 2012 Debt 113

The Frugal Girl

MARCH 4, 2024

manicures pedicures expensive or trendy clothes and shoes brand-name foods gym memberships a large-screen TV, streaming services, movies the latest phones and tech gadgets fine wines alcohol cigarettes credit card debt The list goes on. Alan and I, by choice, bought land in an area with low property taxes.

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Green And Frugal Kids and Family Hotel Frugal 175

Prairie Eco-Thrifter

NOVEMBER 29, 2012

As a parent, you want to be able to contribute as much as possible so that your child will not have to apply for student loans and go into debt. To maximize the tax benefits and to be able to maximize the growth of your investment, you should start saving for your child’s education fund as early as possible.

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Life Insurance Financial Goals Insurance Taxes 203

Savings Corner

APRIL 4, 2024

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look.

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Bank Banking Credit Finance 40

Prairie Eco-Thrifter

APRIL 6, 2012

Teacher Man presents Why Credit Cards Are Dangerous For Students posted at My University Money , saying, “I am on the record as having said that I believe students should sign up for credit cards. ” Managing Debt. You see theres a reason that the majority of people are in debt. Real Estate.

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Money Finance Personal Finance Real Estate 133

Prairie Eco-Thrifter

MARCH 24, 2013

Taking on debt never has bothered me, because I have always felt that we kept it under control and no matter what, would pay it off. He pays off his credit card BEFORE the statement comes! DIY Butterfly Garden Slush Your Way Out of Being Over Budget Tax Return Distribution Where have you been? Set your financial goals.

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Financial Goals Goals Money Real Estate 222