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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. 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.

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

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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A Goal Without a Plan is Just a Wish

Family Balance Sheet

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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How To Get A Personal Loan In 8 Steps

Savings Corner

Learn the approval requirements and prequalify (if offered by the lender) before applying to minimize your potential credit damage. The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. Some lenders may also consider your work history or education.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

We, as a country, owe our young people a more comprehensive education. 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. That’s not right.