Savings Corner

APRIL 4, 2024

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process. What is a home equity loan? to 10 percent.

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Home Debt Credit Cards Credit 52

Family Balance Sheet

FEBRUARY 23, 2016

Throughout this process, my husband requested a visual reminder of our progress, especially when we had to say no to some fun stuff. Download your FREE Debt Payoff Goal Tracker. Paying off debt is not fun, in fact, it sucks! We built in some celebrations into our Debt Freedom Plan.

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Debt Goals 2016 Calculators 100

Family Balance Sheet

JULY 2, 2015

We have a 5 year old son and are in the process of adopting our 2 year old and 4 month old foster sons, making us parents of 3 boys! But in the end, we ended up making enough profit to pay off our debt entirely and still put some into savings! The money that we used to spend on debt now goes into savings.

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Student Debt Debt Free Finds 100

Savings Corner

DECEMBER 27, 2023

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. Using a car, savings account or other asset as collateral may get you a lower rate. Gather these documents before you apply to speed up the process.

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Debt Home Improvement Consumer Credit 40

Family Balance Sheet

FEBRUARY 2, 2017

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Her 2017 goal is to save $20,000 in cash. Elle and her husband paid off a car loan and saved cash for their next car.

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Financial Goals Goals Debt Budgeting 100

Prairie Eco-Thrifter

JANUARY 6, 2011

When you start looking for areas to cut back, it is surprising how much you find you can claw back on and save. This savings can be directly applied towards your smaller debts such as credit and store cards in order to clear them more quickly. If you have been in debt and gotten out of it, what methods did you use?

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Debt Finance Pay Off Debt Credit 113

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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Debt Credit Cards Credit College Tuition 52

Prairie Eco-Thrifter

OCTOBER 15, 2011

Here are the ins and outs of the whole process – why you need one, how much you should have, how to save for it, where to keep it and what do to (and what not to do) with it. If you want to help your kids get off to the best start in life, it’s vital to consider them when you make financial decisions.

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October 2011 Finance Personal Finance 200

Family Balance Sheet

JUNE 2, 2016

Personally I believe that getting out of debt is as much about psychology as it is about systems and processes. Arguably if I’d known about all the great free advice around at that time I’d have got out of debt sooner, but in the early days it was really a case of trying to figure it out for myself. So I pass on by.

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Debt Finds Debt Free Pay Off Debt 100

Family Balance Sheet

DECEMBER 10, 2014

Yes, I did follow a few of Dave Ramsey’s strategies, but I also starting reading other finance blogs to see how they paid off debt so quickly. Many of their ideas were inspiring and their stories continued to motivate me through the entire process. What are the top 3 – 5 ways you found money to put towards debt.

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Debt Debt Free Financial Goals Goals 227

Prairie Eco-Thrifter

JULY 25, 2011

Are you so far in debt that you think you’ll never get out? Are you bone weary of scrimping and saving? Do you believe that what you are doing will never pay off – that you will always be financially insecure? Paying off debt is great but having no quality of life in the process is not the way to do it.

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Debt College Goals Life Insurance 172

Family Balance Sheet

JUNE 8, 2018

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. You can’t cut back on your rent or mortgage payment, but you can find ways to save money on your groceries. During that time, I started to budget for everything. Budgeting is a lifelong habit.

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Budgeting Budget Financial Goals Goals 133

Family Balance Sheet

APRIL 12, 2016

And I cut back on lifestyle – cooking food at home, taking the bus to work vs driving and paying for parking, etc. Share your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. How did you celebrate when you became debt free? What are your financial goals now?

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Credit Cards Debt Debt Free Student 100