How to cut down on debt and save on interest expense
The first time my father told me to buy a home was when he was just 22.
At that point, he said, I’d need to borrow more money to make the move.
That’s what the financial statement meant to me, he told me.
But my father, who was on the verge of bankruptcy, had just started to work through his debt, and he didn’t have a lot of money.
I wasn’t going to have much money, either.
He told me I could save on my monthly mortgage payment.
My father told my mom that I could, too.
Now, I have three children, but we still haven’t paid off our mortgage.
I’ve never been able to save.
My debt burden has grown exponentially, my family is still struggling to make ends meet and I’m struggling to get by.
In the past few years, my husband has been struggling to pay our bills.
But his savings are mostly gone.
My husband, a retired business owner, owes about $10,000 on a house he bought with his own money.
The money has mostly been put into his retirement savings account, which is nearly $30,000.
My brother-in-law has about $15,000 in a savings account he opened when he retired, and it’s almost gone.
We’re struggling financially and in debt.
What we need to do is take control of our financial lives, to get the money back into our family.
I know that’s not going to be easy.
It’s going to take a lot more than me saving up and borrowing to do that.
My son and I have taken on debt to help pay for our children’s college educations, and we have saved for retirement.
But we don’t have any of the cash to invest.
So far, we have not made a significant amount of money from our savings, our retirement accounts and our retirement plans.
We’ve put our savings away, but not enough.
And that’s when I realized that my debt was the biggest obstacle to doing what my family and I were supposed to do.
I have two jobs, and both of them have my credit score on the decline.
I had to start paying off some of my student loans in order to make our mortgage payments and have the credit scores on our credit reports.
My mortgage is at an 8 on the credit report.
I owe more on my mortgage than I have in my entire life.
My kids have more student loans than I do, and they’re paying them off more slowly than I am.
I’m still struggling with the debt.
My dad’s debt is also on the rise, but it’s been a steady climb.
I paid off all of his student loans before I started working.
Now I owe about $100,000, and I’ve already taken out another $200,000 to help cover the mortgage on the house we bought when I was 22.
I am paying off a lot, but I have no money left to put into my 401(k), my car or my retirement plans for the next 25 years.
What I need is to take control.
We have to start making decisions that make sense for our family and our finances, and then we can get the cash out of debt, said Michael, who asked that his last name not be used.
I can’t be responsible for my debt, he added.
He wants to save for retirement, but he also needs to pay down debt on my dad’s house, his car and my retirement plan.
He’s also looking to build up some money to pay for a vacation home in the future.
That might be difficult.
I think we’ll have to do a lot to be financially independent in the near future.
So what can we do to cut our debt?
First, let’s start by saving more.
My family and me are working very hard to pay off our student loans and retire with the right level of debt.
But it will take a significant chunk of our lives to pay back that debt, so we need a lot less money in our pockets to pay it off.
The only way we can afford to have a comfortable retirement is to have money in the bank and to save, said John, who declined to give his last names.
I don’t want to have to live paycheck to paycheck, and so it will be nice to have that cash to put toward retirement.
I want to take care of my children, too, but the bills keep piling up, and there’s no room in my retirement account for any of my kids to get to college.
So I’m looking at things in a different way.
First, I want a better credit score.
I need a higher score to qualify for some of the financial aid available to help me pay for college.
Second, I’m trying to cut my interest expense.
When I was working at a small retail store, I didn’t think much about paying my bills because I didn