Savings Corner

APRIL 4, 2024

While the forecast doesn’t call for massive savings — for HE loans, anyway — any reduction in borrowing costs saves prospective borrowers some cash, and encourages them to turn to this financing tool. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt.

Home 52

Home Debt Credit Cards Credit 52

Family Balance Sheet

FEBRUARY 3, 2016

How much debt did you pay off? What kind of debt was it? We paid off $7,665 worth of credit cards, school loans and a car loan. We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free?

Debt 100

Debt Debt Free College Finds 100

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. What a great problem to have, right?!?!

Budgeting 133

Budgeting Budget Financial Goals Goals 133

Family Balance Sheet

AUGUST 5, 2015

What kind of debt was it? Total, we paid off $175K in 2 years!! 130K in mortgage debt. 10K in car payments, $35K in credit card debt. We made the decision to tackle our debt back at our home church in Chattanooga. My husband has always been the one who has felt the full weight of our debt.

Debt 100

Debt Debt Free Finds Finance 100

Family Balance Sheet

SEPTEMBER 29, 2016

I’m a Grade 7 teacher and my husband is a Mac Tools distributor. We had two student loans that still had balances, even though we’d already been paying on them for 10 years. We also had four credit cards, two lines of credit, and a car loan. If married, who initiated the debt free goal?

Debt 100

Debt Debt Free Budgeting Budget 100