article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

I’m a Grade 7 teacher and my husband is a Mac Tools distributor. We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement).

Debt 100
article thumbnail

What Is A Home Equity Loan?

Savings Corner

While the forecast doesn’t call for massive savings — for HE loans, anyway — any reduction in borrowing costs saves prospective borrowers some cash, and encourages them to turn to this financing tool. What are average home equity loan interest rates? to 10 percent. However, if you’re considering this route , there are two important caveats.

Home 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Find out how Jessica & Her Husband Paid off $175,000 of Debt

Family Balance Sheet

We had become so accustomed to living off both incomes that we really had to re-adjust a few lifestyle choices so we could live off just my husbands income. This ultimately is what put us on the fast track for paying off debt in such a quick amount of time. If married, who initiated the debt free goal?

Debt 100
article thumbnail

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

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. If you have financial goals, budgeting will be an important tool to reaching those goals. During that time, I started to budget for everything. Every aspect of our lives was included in our budget.

Budgeting 133