Family Balance Sheet

FEBRUARY 18, 2015

Today’s Debt Free Story is from Jen. Include anything that you’d like to add to give the reader an idea about your personality. My family and I are most known for paying off over $212,000 worth of debt and medical expenses in four years. How much debt did you pay off? What kind of debt was it?

Debt 100

Debt Debt Free Finance Goals 100

Savings Corner

APRIL 4, 2024

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. That means you have $300,000 in equity.

Refinancing 52

Refinancing Work Debt Home Improvement 52

Savings Corner

DECEMBER 27, 2023

What’s behind the numbers in our mortgage amortization calculator An amortization calculator enables you to take a snapshot of the interest and principal (the debt) paid in any month of the loan. In the beginning years, most of each payment goes toward interest and only a little goes to debt reduction.

Calculators 52

Calculators Homeowner Insurance Debt Property Taxes 52

Shereen Travels Cheap

FEBRUARY 24, 2024

For example, there are lots of countries with large Black communities that speak Portuguese as a the official language. Babbel If you're hoping to travel to other countries to learn history and culture, you may want to learn the language spoken there. Just a few of these are Brazil, Angola, Mozambique, and Cape Verde.

Travel 237

Travel Podcasts Restaurant Museum 237

Family Balance Sheet

JULY 2, 2015

Today’s Debt Free Story is from Acadia. Include anything that you’d like to add to give the reader an idea about your personality. How much debt did you pay off? What kind of debt was it? All of our debt was $97,000 in student loan debt. What inspired you to get debt free? Downsizing.

Student 100

Student Debt Debt Free Finds 100

Motherhood Moments

FEBRUARY 16, 2023

The newest example of the program’s extraordinary offerings lies in the 2023 Traditional Scholarships. Through this generous program, deserving applicants are awarded an opportunity to earn their college degree debt free. KC Scholars has been delivering on their mission of scholars graduating debt free for more than six years.

Kansas City 130

Kansas City Kansas Student College 130

Savings Corner

DECEMBER 23, 2023

Repaying any debts Entrepreneurs often shoulder substantial debts, whether a business loan, credit lines or personal obligations incurred during the start-up phase. The proceeds from your life insurance policy can be used to repay these debts, ensuring that your family is not responsible for settling them.

Life Insurance 52

Life Insurance Insurance Debt College Tuition 52

Savings Corner

APRIL 4, 2024

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 Debt-to-income (ratio): You’ll need an acceptable DTI to qualify for funding.

Home 52

Home Work Debt Credit 52

Prairie Eco-Thrifter

NOVEMBER 1, 2011

So let’s do a real world example. If you’ll notice, Morningstar gives our test company a better rating and I think we’re about to find out why. So I then look at the debt to see if that is the reason they have so much cash through the recession. And it’s true, the debt has increased steadily since 2006.

Green 183

Green Debt Finance 2006 183

The Frugal Girl

NOVEMBER 27, 2023

the Very Fun, Very Fancy lemon After about a year as a restaurant manager after college, I decided to give an engineering job a try, knowing that I could always quit if I didn’t like it. I racked up more debt to move to California, then the fancy car turned out to be a lemon, requiring a bunch of expensive repairs. Not really.

California 174

California Cars Car College 174

The Frugal Girl

DECEMBER 11, 2023

and realized we should pay off this debt as quickly as possible. Within reason, we like to give our kids a nice Christmas with presents they enjoy. I had a math teacher in high school who commonly used compounding interest examples in the classroom. I decided to get a loan even though I had the money to pay in cash.

Money 196

Money Kids and Family Frugal Parenting 196

Prairie Eco-Thrifter

JUNE 28, 2011

Even though the listed examples are quite different from one another, each of them could be purchased and rented for a profit. Sticking with the 8-unit example, let’s take a look at what kind of money could be made in real estate investing. What is Debt Leverage? 8-Unit Rental Complex – Benefits. Typical Rental Dollars.

Real Estate 180

Real Estate Rent Debt Calculators 180

Savings Corner

APRIL 4, 2024

The money you tap from your home’s equity can be used to consolidate higher-interest debt or to improve your home. Homeowners who have improved their credit score or lowered their debt-to-income ratio, for example, might be eligible for a better rate today if they refinance. How much does it cost to refinance a mortgage?

Calculators 40

Calculators Refinancing Insurance Homeowner Insurance 40

Savings Corner

DECEMBER 25, 2023

A debt collector is hounding you, seeking payment on a consumer debt you owe. Debt collection tactics can be annoying at best — and predatory, or even illegal, at worst. 3 steps for dealing with a debt collector 1. Take time to think through your options for paying off a debt in collections.

Debt 52

Debt Consumer Communications Collectibles 52

Couponing 101

JULY 26, 2011

Today, you can pick up pretty much any book, newspaper, or magazine and find an article about getting out of debt. Did you know that: * Nellie Mae reports that the average amount of credit card debt held by college graduates is $2,700. * USA Today reports that the average college graduate owes about $19,000 in student loan debt. . *

Saving Money 103

Saving Money Money Kids Debt 103

Penny Pinchin' Mom

FEBRUARY 16, 2024

Should you just pretend that you don’t have savings and increase your debt ? Here, let me show you: Say, for example, that your family is used to a certain high-end brand of cereal, but your analysis has shown that it’s too expensive and should be part of the things you cut out of your monthly budget to shore up that 20%.

Saving Money 52

Saving Money Money Saving Bills 52

Prairie Eco-Thrifter

APRIL 10, 2014

I can give you a million ideas and ways to change your situation, but you have to be willing to do the work. This was such a perfect example. When you overspend for convenience, you sink into debt, stuck with high interest credit card payments and risk of damaging your credit when you fall behind on your bills. Yeah…but….

Price 209

Price Rent Financial Goals Converse 209

Prairie Eco-Thrifter

AUGUST 26, 2012

Our children learn by example. That is why it is of upmost importance that we provide positive examples for our children, as they are likely to inherit much of our lifestyle choices, both the good and the bad. Stress the importance of saving and staying away from debt.

Thrifty 189

Thrifty Recycle Recycled Recycling 189

Prairie Eco-Thrifter

APRIL 25, 2011

I am not suggesting that you throw them into debt! One of the ways to do this is by either having your kids get a job to pay some of their own bills or giving them an allowance and having them pay some of their bills with it. For example, you could shift the responsibility of paying the cell phone bill to your child.

Bills 174

Bills Finance Budgeting Budget 174

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.

Bank 40

Bank Banking Credit Finance 40

Family Balance Sheet

OCTOBER 15, 2021

Prior to 2020, we spent years aggressively paying off six figures of non-mortgage debts , so saving for college was sporadic deposits into a regulard savings account and basically on the back burner. Side Note #2: I am not in the position to give advice on 529 accounts. These percentages change often, depending on the promotion.

College 130

College Used 2020 Saving 130

Savings Corner

FEBRUARY 2, 2024

Discover it® Student Cash Back Our pick for: Bonus cash-back categories that rotate The Discover it® Student Cash Back gives students the same excellent rewards as the regular Discover it® Cash Back — notably, bonus cash back in rotating categories that you must activate. Read our review.

Credit Cards 52

Credit Cards Student Credit College 52

Savings Corner

APRIL 4, 2024

This can help you keep your monthly payments down and avoid unnecessary debt and interest. If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. You can only take the deduction up to a certain threshold, however, based on your total mortgage debt.

Credit 40

Credit Home Debt College Tuition 40

Prairie Eco-Thrifter

MAY 26, 2016

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. We could take on debt to grow using other people’s money. However, taking on debt without the current ability to repay it can result in loss of down payment and years of debt interest payments.

Money 124

Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

FEBRUARY 21, 2012

Bankruptcy – a word that never fails to give anyone the chills. The proceedings of Chapter 11 will require a reorganization plan wherein the company can work out its structure so as to be able to pay off its debts and therefore stay in business. Bondholders come next because a company’s debt is expressed in the form of bonds.

Debt 185

Debt Money New York Giving 185

Prairie Eco-Thrifter

MARCH 8, 2017

If you give the same care to you finances that you give your garden, both should grow. If you take the time to decide what to want plant and pick the right type of place in which to plant, you should plant good stock – get the best example that you can so that it has the best chance of growing well for you. So do finances.

Finance 133

Finance Growing Flowers and Plants Gardening 133

Family Balance Sheet

JUNE 2, 2016

Today’s Debt Free Story is from Richard of Frugality Magazine , where he shares frugal living tips for financial freedom. Include anything that you’d like to add to give the reader an idea about your personality. How much debt did you pay off? What kind of debt was it? What inspired you to get debt free?

Debt 100

Debt Finds Debt Free Pay Off Debt 100

Prairie Eco-Thrifter

OCTOBER 15, 2011

Good Financial Cents: What to Watch For With Debt Settlement Companies Considering using a debt settlement company? Here’s some tips to be wary of when trying to consolidate your debt. Free Money Wisdom: The Trouble with Tithing Giving can be done in ways that don’t involve the transfer of money.

October 200

October 2011 Finance Personal Finance 200

Prairie Eco-Thrifter

FEBRUARY 7, 2011

It’s a great way to get to know one another and help give each other’s blogs some extra exposure. Derek from Life and My Finances shares his parents’ story and best lesson with Paying Off Your Debts Early at Retire By 40. It’s a pretty cool thing really. I hosted Broke Professionals post , and they hosted mine!

Swap 113

Swap Personal Finance Finance Saving Money 113

Saving Cents With Sense

NOVEMBER 11, 2013

Regardless of your income or gift giving needs, it is important to create a holiday budget from year to year. Creating a holiday budget can help you control your spending and make sure you get all of the items you need while staying out of debt or overspending. A debt free holiday is a feeling that money can’t buy!

Budgeting 112

Budgeting Budget Holiday Debt 112

Family Balance Sheet

MARCH 4, 2015

Today’s Debt Free Story is from Maureen. She writes at A Debt Free Stress Free Life. Include anything that you’d like to add to give the reader an idea about your personality. How much debt did you pay off? What kind of debt was it? in credit card debt, and an additional $28,756.17 No, I didn’t.

Debt 100

Debt Credit Cards Debt Free Student 100

Prairie Eco-Thrifter

JUNE 28, 2012

One striking example is the great depression of 1929.GDP In my view there is likely to be a lot of pain in the global economy which is weighed down by huge amounts of debt at personal, business and government levels. If you invest wisely at a young age, it can give you a great chance to retire early. How about retiring early?

Money 186

Money 2008 Bargain CD 186

Prairie Eco-Thrifter

FEBRUARY 18, 2011

We have more stable careers, we have no debt (other than our mortgage), and we own a home. Wealth Informatics gives us 23 ways we can have fun on a date. Reducing Debt. Frugal Dad shares with us 10 Side Hustles that we can use to pay off our debt. Financial Highway tells us how he paid off $50,000 of credit card debt.

February 113

February Debt Finance Personal Finance 113

Prairie Eco-Thrifter

MAY 9, 2011

For example, if we buy ice cream in a tub, I save the tub to freeze homemade stock at a later date. We save all of our gift wear and we reuse it when we are giving a gift. The gift of giving is a wonderful thing. 5 Ways to Reduce Your Debt. In our house, we use rags for cleaning, cloth napkins, and washable dish cloths.

Reuse 174

Reuse Recycle Recycled Recycling 174

Prairie Eco-Thrifter

FEBRUARY 15, 2011

But those can saddle your children with debt for 20 years or more! This should help give a clear picture of how much money is received and spent. Examples of this are going to happy hour with half priced appetizers or attending an affordable dance class instead of paying a club cover charge. Know Your Actual Budget. Eating Out.

College 100

College Budgeting Budget Friends And Family Sale 100

Family Balance Sheet

APRIL 1, 2021

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.

Emergency Fund 130

Emergency Fund Money Finds Friends And Family Sale 130

Prairie Eco-Thrifter

OCTOBER 21, 2011

In my example above I decided to cut back on my piano playing until my goal of building a business is completed. There might be times when you get frustrated and just feel like giving up. He currently runs his own blog Smart Wealth , where he discusses Real Estate, personal finance, debt management, and building wealth.

Real Estate 194

Real Estate Goals Motivation Hobby 194