Taking the time to educate yourself on how paying off your mortgage early can get you on the road to “true” debt freedom, might save your mental health. Let’s look at a scenario. You have always wanted to become a homeowner. Dreamt about it for years. Now you are ready....
Federal Assistance Can Help You Get Out of Debt
Many people are collecting federal funds that is helping to sustain the family because of the pandemic.If you are in this position to collect and still able to work, try your best to pay down as much debt as possible. Especially if you can grab a job no one wants.Think...
Using term-life insurance to secure your family’s financial situation while getting out of debt
Let's look at a scenario. If anything happens to you while paying off your mortgage in, say 7 years, your family is covered by a term-life insurance policy. You buy a 20-year $1 million term-life insurance policy at $20 per month. After setting up your mortgage payment schedule to stay...
Don’t Fake It Till You Make It
No. Make it by being responsible with your earned-money. The news says that the price of regular items is rising. Keep a simple budget. Look at it every time you want to spend to make sure you have the money. Once upon a time grandparents and parents would cook at...