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5 replies

Debt Payoff Strategy Tips?

Birdie13 9/16/193:56 PM

Forum: Debt

0 likes · 508 views

My husband and I are in over our heads, for many reasons, some of which were a result of the poor economy and bad timing, job losses, health crises, and others were simply our poor financial choices. We are 35 and 36, have a $275,000 mortgage (barely above entry-level home in our real estate market, while still having good schools and safe neighborhoods), $285,000 in student loans from my college and law degree, $70,000 in consumer debt, $5,000 in medical bills, and no car loans. We have 2...Read More...

Olivia 9/20/197:46 PM

I don't intend this in any mean way. How committed are you to cutting back? Are you hoping this is only very temporary and you can make modest cuts and let the debt float, or are you willing to cut to the bone and dig out of the hole? Two different approaches.Read More...

Birdie13 9/20/1910:11 AM

Thanks for your reply and brainstorming ideas! I keep our budget in an excel file where nearly everything is accounted for and keep tabs on how we're doing vs. budget in an app from our bank. We stay pretty close to budget most of the time, especially right now. My net paycheck every two weeks is $2,600 and my husband's weekly unemployment check is $611 (monthly approx $7,644). Our consumer debt is a mix of low interest and high interest credit cards and loans (some are for a roof, furnace...Read More...

Updated 9/20/197:46 PM

Last Reply By Olivia · First Unread Post

9 replies

Student loans!!

Jeff gehring 8/9/199:07 AM

Forum: Debt

0 likes · 1,511 views

80,000.00 in student loans, masters degree but will be dead before they are played off . HELP!!!Read More...

Brenda Perego 9/17/1911:41 PM

I would love to know about the public forgiveness program!Read More...

TekkieChikk 9/17/1912:29 PM

I spent 10 years paying back my loans, but pay them back I did, and that was working at jobs that did not pay well.. believe me, there were many months I had to choose between making that payment and having heat. I guess I don't understand the thought process behind taking out LOANS and then expecting them to be 'forgiven' instead of paid back. That's why they're called loans and not gifts. But to be helpful, get a job... or two... or three... and pay them off. Work with the lender if the...Read More...

Updated 9/17/1911:41 PM

Last Reply By Brenda Perego · First Unread Post

4 replies

Credit card debt

Frannyb 7/29/191:18 PM

Forum: Debt

1 like · 931 views

I am looking for a way to have a lower interest rate on my credit card and my credit company won’t lower it due to it being a starter credit card. Any suggestions?Read More...

Jemal umer 9/16/197:00 PM

To credit card save moneyRead More...

sthom 9/5/1910:04 PM

Last month, I just got a Discover iT transfer with 18 months free financing. I'm sick and tired of being sick and tired of debt. I've got to end this whole mess in 18 months so I just have my mortgage. Good luck, Stephanie.Read More...

Updated 9/16/197:00 PM

Last Reply By Jemal umer · First Unread Post

14 replies

Student Loans vs. Everything Else

Stephanie C 7/15/192:53 PM

Forum: Debt

2 likes · 1,855 views

We currently have about $280k in unsubsidized student loan debt (gotta love doctoral programs!), plus a mortgage and some random other debts which will be paid off by the beginning of the year. Every time we look at ideas when it comes to paying off student loans, it seems like we get a different answer, so I'm looking for some more opinions in general. As it stands, we're on an income-based repayment plan. Assuming our incomes don't change at all, over the course of 25 years we would be...Read More...

Birdie13 9/17/195:26 PM

I have these same questions, since my student loan debt is sizable as well. I pay $1300 a month on IDR and it doesn't even cover all of the interest accruing. I'd have to pay close to $2500 a month to pay it off in 10 years. GAH! It is unbelievably depressing, but unless they do a full scale forgiveness or change the bankruptcy code that allows these debts to be discharged, I'm not sure I'll ever actually pay these off. We try not to live extravagently. We have older cars, buy groceries from...Read More...

Michael Lewis 7/18/195:43 PM

I'm certainty not wait for any forgiveness, I'm just not paying any additional at this time, the monthly payment is 899.00, at that rate I'll have paid them off in 7 years. I'm hopeful for a new administration that will see that education is the backbone of this country, and the US government shouldn't be making 6.5 to 6.9 percent interest on college loans.Read More...

Updated 9/17/195:26 PM

Last Reply By Birdie13 · First Unread Post

See more in Debt or ask a money question

Topic 1 reply

Work from home

Mya Dangelmaier 9/20/193:30 PM

Forum: Make Money

0 likes · 382 views

Have been out of work due not being able to go in community settings because of illness. Savings dwindling and tired of looking for at home or remote only to find scams or surveys. I do surveys here and there. So any advice on reputable companies. Computer savvy. Data entry customer service. Again any help in a good direction would be womderfulRead More...

lismox 6 hours ago

www.ratracerebellion.com is a reputable website for work at home jobs. Also check out https://kaylasloan.com/ - she is a virtual assistant and she has a course which you can take (for a fee), but she claims you can make good money afterwards. Good luck to you and don't give up!Read More...

Updated 6 hours ago

Last Reply By lismox · First Unread Post

Topic 6 replies

Some bittersweet news!

Briana 9/19/197:42 PM

Forum: Announcements

0 likes · 345 views

Hello everyone! I have some bittersweet news to share will all of you. My time with The Penny Hoarder is coming to an end and I will be transitioning out of my role as Community Strategist. It's been such a pleasure to work and get to know all of you amazing members throughout the last year. I feel so fortunate to have been able to learn so much from all of you. I am very excited to introduce our new Penny Hoarder ambassador, @Ashlee, who you'll be able to go to with...Read More...

mintjulep 6 hours ago

Briana, wishing you a fantastic adventure, life is such! Will miss you here; you are great at making the community a warm and knowledgeable experience!Read More...

Moore Income 8 hours ago

Brianna, it has been great getting to know you and its sad to see you go. But congratulations and best wishes on your next venture. You have done a great job here and I am confident you will continue to do great no matter where you go. Stay in touch! @Ashlee welcome and congratulations on your new role. I will be more than happy to help in any way necessary around the community. @Leslie Kay Congratulations on Member of the Month!Read More...

Updated 6 hours ago

Last Reply By mintjulep · First Unread Post

Topic 0 replies

Out on sick leave

1cent 9/19/191:48 PM

Forum: Budgeting

0 likes · 148 views

i ended up in the hospital and was out of work 3-4 weeks. I have sick time but it’s paid out in December. I was out last year and determined not to use all my time. I took 2 sick days a week and waiting for the HR to get my private disability in. I have a dr appointment with surgeon next month so I asked to return to work meanwhile to get a full check. I’m in pain but can handle it as I work 4 days 9-14 hour shifts. I like to go out in the winter if I had to have more surgery. Use my...Read More...

Posted 9/19/191:48 PM

Topic 1 reply

need to make extra money

Amanda Ramsbottom 9/19/199:37 AM

Forum: Make Money

0 likes · 475 views

Look to make some extra money had some hospital visits that i need to pay off anyone have any suggestions.Read More...

jen.$aving$.in$outhFL 9/19/197:56 PM

Hi Amanda- you & me both- looking to make extra $- I know people don't want to clutter the market w/ tips so that they can make $ too, but I don't mind sharing what I've done so far- (in the name of neighbors helping neighbors and putting positivity out into the world and all of that...) What's worked really well in early at least an extra $125/wk as long as I answer every lead and follow through with it (you'd be surprised at the large # of calls/ texts you will receive) for me, and for...Read More...

Updated 9/19/197:56 PM

Last Reply By jen.$aving$.in$outhFL · First Unread Post

Topic 4 replies

I Found Another Way, To Earn Money

Joyce Taylor 9/18/193:36 PM

Forum: Make Money

0 likes · 1,010 views

I use this App on my phone, called Coin out and all I do is scan my receipts. And I get cash back on the web site. I really enjoy using this web site. It don't pay out much, but I still like using this web site.Read More...

lismox 9/19/198:44 PM

I use Receipt Hog and although the payout is small I find some odd enjoyment in it. Also I get spins in order to win more "coins," as they're referred to.Read More...

Joyce Taylor 9/19/198:20 AM

I am glad you are enjoying the App.Read More...

Updated 9/19/198:44 PM

Last Reply By lismox · First Unread Post

Topic 2 replies

Money management in general

[email protected] 9/17/198:59 AM

Forum: Budgeting

0 likes · 295 views

As a senior citizen on fixed income, you have to divide your income income in several groups: Shelter/Health care and /Emergencies. I have to have different accounts for each of these; How can I have one account and have money divided in these groups?Read More...

E Allen 9/17/199:47 PM

There may be a bank whose banking app does it, I saw one once and thought it was interesting. However, I don't remember the name. A budget would probably do what you need though. Like the app Mint, you can set up a budget that monitors how much you spend for each. If you get close or go over it will let you know. And you can set it to carry over balances that you haven't used into other months. I believe some sort of budgeting tool is all you need.Read More...

KellyFromKeene 9/17/199:11 AM

I have different accounts. It's hard for me to keep track of money divided up in one account.Read More...

Updated 9/17/199:47 PM

Last Reply By E Allen · First Unread Post

Topic 1 reply

Suggestions for the best type of loan for home purchase

Cindy Tyson 9/17/198:58 AM

Forum: General Discussion

0 likes · 97 views

We have lived in a rental house for almost 30 years. A couple of years ago the landlord offered us the opportunity to purchase the house at a price well below the value. The house is on 1.5 acres in a rural area. It qualifies for a USDA loan. So far so good, right? Here's the problem, many years ago a portion of the land was set up as a mobile home lot and the landlord rented the space. Several years ago someone rented the lot space and moved the mobile home to the land. When this person...Read More...

KellyFromKeene 9/19/1911:42 AM

I wish I could offer some advice, but I am not knowledgeable about real estate/investments. But good luck, it must be a lovely area to want to remain after more than 30 years. (I miss living in the country!)Read More...

Updated 9/19/1911:42 AM

Last Reply By KellyFromKeene · First Unread Post

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6 replies

Some bittersweet news!

Briana 9/19/197:42 PM

Forum: Announcements

0 likes · 345 views

mintjulep 6 hours ago

Briana, wishing you a fantastic adventure, life is such! Will miss you here; you are great at making the community a warm and knowledgeable experience!Read More...

Moore Income 8 hours ago

Updated 6 hours ago

Last Reply By mintjulep · First Unread Post

7 replies

This week in... The Penny Hoarder Community!

Briana 8/6/1910:47 AM

Forum: Announcements

3 likes · 750 views

Happy August - and Tuesday - Penny Hoarders! I hope all of you are having a fantastic week so far! Announcement 1: As most of you know, each month we crown a Member of the Month - someone who is super helpful and active in the community. Each winner receives a $25 gift card and their face displayed in the community for everyone to see! This month’s winner… @AverageJoe is a super active, compassionate member who is always there to lend a comforting word or wisdom or piece of...Read More...

KellyFromKeene 8/8/197:52 AM

@AverageJoe , Let's not call it 'old' I remember that song!Read More...

AverageJoe 8/7/197:43 PM

KELLYFROMKEENE...as the song of old says, "I second that emotion!"Read More...

Updated 8/8/197:52 AM

Last Reply By KellyFromKeene · First Unread Post

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