Day: August 22, 2024

If you’re struggling with high-interest debt, such as credit card balances, consolidating that debt into a lower monthly payment can be a game-changer for your financial health. One effective way to do this is by tapping into your home equity. A home equity loan or a home equity line of credit (HELOC), often referred to as a second mortgage, can help you consolidate your debt at a lower interest rate, making it easier to manage your payments and potentially save money in the long run. While interest rates for home…

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Here are 7 strategies to save for retirement and college at the same time (BPT) – Saving for the future is a top financial priority for most people. If you have children, then saving for their college education may also be an important goal for you. Or, you may want to pursue an advanced degree yourself. Putting away money to afford both retirement and higher education can be quite expensive. Many families face the challenge of balancing retirement and college savings. Fortunately, you don’t have to make a choice between…

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