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Meet a Reader | JenRR from the Midwest

The Frugal Girl

How did you get interested in saving money? At age 12, I started saving up my allowance and babysitting money to buy Christmas gifts for other children who were less fortunate. What’s the “why” behind your money-saving efforts? We rented at first, but the rental situation in our new town was poor.

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Cost of Living Calculator | City and Salary Comparison Tool

Savings Corner

Whether that’s a mortgage or rent, a large percentage of your salary will go toward your housing expenses. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood. For some, these costs include taking public transportation.

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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

How to use the Rent vs. Buy Calculator The renting-vs.-buying This is a decision with many moving parts, and things change: Your down payment savings grow, you consider moving to a cheaper or more expensive area, you’re curious what happens if you spend less on a home, or more. You can adjust all of those pre-filled areas.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Buyers should think about things like when they intend on moving and what they want in a home — amenities, ideal location and how long it could take them to save for a down payment,” says Edwence Georges, a real estate agent with RE/MAX in Westfield, New Jersey. Would renting for another year or two improve your financial standing?

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We spent the next few years building our savings back up to the level we had prior to 2007. What got us through financially? Our emergency fund. Yep, life was good. March 2020 arrived.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

How did you get interested in saving money? I learned to save money by watching my parents. (I I still remember saving my change as a kid so I could “shop” for books at yard sales.) When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage.

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How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Also, the monthly mortgage payment was less than our rent payment.

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