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

Savings Corner

You could consolidate debt — some homeowners refinance a mortgage to put student loans or other debts into one payment. Most refinances won’t affect your property taxes, but completing a remodel with a cash-out refinance can increase your home’s value — which could mean a higher tax bill.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Personally, budgeting has allowed us to control of our money, reach financial goals, and start planning for our dream life. If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. Another way to think of a budget is a spending plan.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts.

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