Savings Corner

APRIL 4, 2024

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process.

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Motherhood Moments

JANUARY 24, 2023

Image via Unsplash It is true that the idea of buying a home continues to be the American dream, but one look at the real estate market will tell you that purchasing a property is getting more expensive all of the time. Instead of just forking over the money you have, it is important to have a strategy so you can save the most money possible.

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Family Balance Sheet

SEPTEMBER 9, 2014

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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Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

NOVEMBER 19, 2014

Today’s Debt Free Story is from Amanda & Daniel. Together they blog about becoming debt free and location independence in order to serve the world at Life with a Mission. San Antonio, Texas is our home when we aren’t traveling the world. How much debt did you pay off? What kind of debt was it?

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Debt Debt Free Finance Friends And Family Sale 245

Savings Corner

APRIL 4, 2024

Home equity can be a valuable resource for homeowners. This figure, along with your loan-to-value (LTV) ratio, determines the likelihood of being approved for a home equity loan or home equity line of credit (HELOC), and how much money you could be eligible for. Here’s how to calculate the equity in your home. Here’s how.

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Savings Corner

APRIL 4, 2024

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loan: What is it?

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Family Balance Sheet

DECEMBER 10, 2014

Today’s Debt Free Story is from Carrie. I got tired of being left at home because I had a day job, so now we get to travel together and create our own adventures. How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? Tell us about you and your family. Where are you from?

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Debt Debt Free Financial Goals Goals 227

Family Balance Sheet

AUGUST 4, 2014

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? They blog at 2 Copper Coins.

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Debt Free Debt Goals Student 243

Family Balance Sheet

AUGUST 11, 2014

Welcome to Debt Free Stories. She paid off $41,587 in debt in 14 months! How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? I was inspired to get debt free for 2 main reasons: 1. We wanted to enter into marriage debt free. (He Where are you from? in 14 months.The

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Family Balance Sheet

NOVEMBER 5, 2014

Welcome to Debt Free Stories. How much debt did you pay off? What kind of debt was it? The debt consisted of my student loans and a car loan. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

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Family Balance Sheet

FEBRUARY 10, 2017

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

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Family Balance Sheet

JULY 13, 2016

So I’m thrilled to bring you today’s story, because I actually watched this couple’s debt free scream when it was live on the show. Drew & Farrah’s Debt Free Story. How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? Where are you from?

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Family Balance Sheet

AUGUST 21, 2020

You’ll know how much is in your checking and savings accounts and your retirement accounts. Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. There was a time our spreadsheet reflected a lot of debt and not a lot of savings.

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Prairie Eco-Thrifter

JANUARY 8, 2013

Personal debt has unfortunately become a way of life in the 21 st century with levels reaching all time highs. A recent survey in the US showed that increasing numbers of people are filing for bankruptcy as their debts reach levels they simply cannot service. Managing your debt is vital if you are to avoid going down this road.

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Family Balance Sheet

SEPTEMBER 20, 2016

The segment was so inspiring that I reached out to her to see if she would participate in the Debt Free Stories series. She hosts a You Tube channel, The Former Mrs. Jones , where she vlogs about budgeting, debt free living, and family life. Meet the Former Mrs. Jones: Her Debt Free Story. How much debt did you pay off?

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Family Balance Sheet

JULY 9, 2015

It’s no secret, I am fascinated, encouraged, and border-line obsessed with debt freedom. The idea of becoming debt free makes me downright giddy. So I love to hear the success stories of others who have found debt freedom. What did they specifically do to become debt free? 10 Smart Ways to Become Debt Free.

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Family Balance Sheet

SEPTEMBER 29, 2016

I watched her and her husband’s debt free scream on The Dave Ramsey Show. You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! Angela & Jeff’s Debt Free Story. How much debt did you pay off? What kind of debt was it?

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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. How much debt did you pay off? What kind of debt was it? In total I estimate I paid off round $40,000 worth of debt, though depressingly a fair chunk of that was just interest.

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Family Balance Sheet

JANUARY 21, 2015

Today’s debt free story is from Aja. I own a software consultancy that I run from home and my husband is a letter carrier with the post office. We have 2 girls that I am home schooling this year. How much debt did you pay off? What kind of debt was it? What kind of debt was it? Where are you from?

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Family Balance Sheet

AUGUST 5, 2015

Today’s Debt Free Story is from Jessica. I am a stay at home mom to 3 kiddos and a cockapoo named Otis. We live a pretty busy lives and when given free weekends at home we love spending time at home on our little farm. How much debt did you pay off? What kind of debt was it? 130K in mortgage debt.

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Prairie Eco-Thrifter

MARCH 4, 2015

It was nearly impossible to figure out exactly how the program would work for each query, because, as Bonnie Baker (the engaging and energetic DB2 speaker) used to put it “It depends” Likewise with understanding whether the rich use debt differently than the rest of us… it depends. It depends on how the debt is managed.

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Family Balance Sheet

MARCH 19, 2014

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.

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Prairie Eco-Thrifter

MAY 22, 2011

For some this wakeup call came as a result of losing their home in foreclosure or their car in repossession. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction. Create a budget.

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Savings Corner

APRIL 4, 2024

However, HELOCs have variable interest rates, which means you might pay more in interest as rates fluctuate, and your home is the collateral, so if you don’t repay what you borrow, you could lose your home. This can help you keep your monthly payments down and avoid unnecessary debt and interest.

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Family Balance Sheet

JUNE 16, 2015

Today’s Debt Free Story is from Lydia. She blogs about living a limitless life on a limited budget at Frugal Debt Free Life. I am a stay at home mom and freelance marketer and my husband works in the construction industry. How much debt did you pay off? What kind of debt was it? Where are you from?

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Motherhood Moments

JANUARY 25, 2023

The running streak of 124 straight months of rising home prices has been put to rest by several straight months of declining home prices in the U.S. It varies person to person, but our nationwide survey found 71% of renters want to buy a home and the top deterrents include money, interest rates, and debt. housing market.

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Family Balance Sheet

MARCH 4, 2015

Today’s Debt Free Story is from Maureen. She writes at A Debt Free Stress Free Life. Boring I know, but I’m a home body so it works for me. Besides writing on my personal finance blog, A Debt Free Stress Free Life, I’m an adjunct professor at a local college and own a residential and commercial cleaning business.

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Prairie Eco-Thrifter

MARCH 7, 2011

Guest Post Author Bio: Ryan is a contributory writer associated with the Debt Consolidation Care Community and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles. Leave behind debt relief options.

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Family Balance Sheet

APRIL 1, 2015

Today’s Debt Free Story is from Brian. He writes at Debt Discipline about about how his family of 5 deals with money, budgets and debt. I started my blog Debt Discipline to help keep us accountable while paying off our debt. How much debt did you pay off? What kind of debt was it?

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Family Balance Sheet

FEBRUARY 3, 2016

Today’s Debt Free Story is from Charissa. How much debt did you pay off? What kind of debt was it? 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? They didn’t like debt, and as I grew up, neither did I.

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Family Balance Sheet

FEBRUARY 18, 2015

Today’s Debt Free Story is from Jen. My family and I are most known for paying off over $212,000 worth of debt and medical expenses in four years. In addition to paying off a ton of debt, I am also a 8-time national weightlifter and 2-time US Olympic Festival medal winner as well as an Ironman triathlete.

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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. Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity.

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Family Balance Sheet

JULY 22, 2015

Today’s Debt Free Story is from Deacon. How much debt did you pay off? What kind of debt was it? We paid off $52,000 in consumer debt. It consisted of student loans, a car loan and even some credit card debt. After putting together a budget, it took us 18 months to pay off all of that debt!

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Savings Corner

DECEMBER 25, 2023

To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How does your debt-to-income ratio impact affordability?

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Family Balance Sheet

APRIL 11, 2020

Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. The PA governor has shut down all non-essential businesses indefinitely and we’ve now been ordered to stay at home unless traveling to essential jobs, needed supplies, or outdoor exercise as long as we practice social distancing.

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Prairie Eco-Thrifter

SEPTEMBER 7, 2021

You can use this cash inflow for your monthly expenses or save it up in your bank account. There are many benefits of leveraging your home to make some extra cash and generate an additional revenue stream. Another advantage of Airbnb is that it is free and easy-to-use, you can simply sign up and share your home.

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Money Home Rent Making 100

Family Balance Sheet

JANUARY 20, 2023

That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. In 2021, I wanted to increase our savings but didn’t attach any number to it, so we floundered that year away. We have a number that we want to save for each daughter.

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