Remove Debt Remove Finance Remove Renovation Remove Work
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband.

Debt 130
article thumbnail

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. How does a cash-out refinance work? Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. Home equity loan: What is it?

Home 52
article thumbnail

5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

We carried no credit card debt and we contributed to our retirement. But in August 2013, our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages, our home and our business. We had a lot of debt, not enough cash flow, and very little set aside for emergencies.

Finance 100
article thumbnail

Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. But Dave Ramsey’s view of debt is very different.

Debt 100
article thumbnail

Friday Links – Day Off Edition

Prairie Eco-Thrifter

I have been traveling a lot for work lately and have not been home much in weeks. It is really nice to not have to go to work today and have a day where I can concentrate on the home life. If so, bookmark SFB’s post about How to Set Yourself Up To Be a Financial Success When Starting the First Job at Simple Finance Blog.

Fridays 167
article thumbnail

Friday Links – Long Weekend Edition

Prairie Eco-Thrifter

We aren’t stressed per say but there have been numerous detours and extras to deal with this week at work and personally. Apart from getting some rest we are hoping to get some yard work done. I am also hoping to get my bike tires pumped up so I can start riding to work. Home Renovation Techniques. Think Again.

Fridays 187