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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. Where are you from?

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Resolve to Regularly Discuss Your Finances with Your Spouse

Family Balance Sheet

Money conversations aren't always easy to have, yet I feel that for me and my husband they are so imperative to the stability of our marriage and our home. I created our Family Balance Sheet years ago as a way for me to communicate the state of our finances to my husband. Column E = Monthly debt payment. There are no surprises.

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

Savings Corner

A cash-out refinance turns your home’s equity into cash by replacing your current mortgage with a new, larger mortgage. 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.

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How To Get A Personal Loan In 8 Steps

Savings Corner

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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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Here are some of the most common applications.

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Are Peer Loans Too Risky or the Way of the Future?

Prairie Eco-Thrifter

In the past, most loans (80%) have been for debt consolidation. I talked to Ron Suber, President of Prosper Marketplace, last week and about growth in other loan types including: small business, home improvement, travel and medical expenses. Credit is a tool in personal finance. Should You Co-Sign a Loan for Someone Else?

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Cash-out refinance Caret Down When you do a cash-out refinance , you use your home equity to withdraw cash to spend. This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. You could tap into your home’s equity and take cash out at closing.