My most recent mortgage statement for our rental property (originally our primary residence) included the annual escrow review, and I was surprised to see that they projected a shortfall between the escrow expenses (taxes, insurance, and allowable reserve) and my monthly escrow deposits. In fact, the difference was such that the mortgage company was raising [...]
We’ve progressed tremendously on our debt snowball since I first posted about using the debt snowball method to get out of debt. When we started using this method to pay off debt (very important for living a frugal, homesteading lifestyle), we owed more than $44,000 to banks, credit card companies, private student loans and a [...]
Are bank runs in our future? While much of the news is being conveniently swept under the proverbial rug, the fact is that many national and international banks are facing problems. As the money supply tightens, and banks see their credit ratings drop, you can be sure trouble is brewing.
As James Wesley Rawles at Survival [...]
I found these lovely tiger lilies growing wild along the road and brought them home. Tiger lilies grow abundantly around here, but I don’t have any on our property. I thought they really brightened the counter, and they stayed lovely for several days.
These bright white lilies were salvaged from a days-old flower arrangement that was [...]
When you’re getting out of debt, it can feel like a slow, often discouraging process. When you first start the journey, you might feel energized and enthusiastic, excited about your new plan. And I imagine that when the end is in sight, you’ll have renewed energy to sprint to the finish line. But for those [...]
My husband and I are following the Debt Snowball approach on our journey toward debt freedom. We’re attempting to rid ourselves of college loans, credit card debt and a home equity line of credit used for buying our second home.
Here’s how the debt snowball works. It’s actually quite simple. When you’re getting out of [...]
