Community Buzz

Student loans!!

Forum: Debt
80,000.00 in student loans, masters degree but will be dead before they are played off . HELP!!!Read More...
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...
To get any relief from your public student loans by working in the public sector isn't what most think it is. You have to pay 120 on time monthly payments on your loan while working in the public sector. That is 10 years to wait to see if any or all of your remaining balance will be forgiven. Most public loan repayments are set so that the loan is paid in full in 10 years.Read More...
Last Reply By TekkieChikk · First Unread Post

How to pay off medical bills?

Forum: Debt
I have had 9 surgeries in the past 9 years. Are there any grants to help with medical expenses that this community could suggest? AngelaRead More...
It is so sad that in this country people have to be faced with such difficult situations regarding medical care and its cost. Everyone deserves to have the medical care they need/deserve and not have to choose between paying the bill or buying groceries. Something in this country needs to change and we need to eliminate corporate welfare so that the wealthy pay their fair share of taxes so that we can have an equitable healthcare system.Read More...
Never Give Up, my wife has continued to recover, went back to work on light duty the February after the accident, has since had a promotion, and will keep fighting any obstacles day by day. Thanks for the good wishes. I'm sure she appreciates them as I do.Read More...
Last Reply By kittykat1960 · First Unread Post

Debt Payoff Strategy Tips?

Forum: Debt
Birdie13
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...
You could possible use Dave Ramsey's baby steps. If you can get his book that I believe can help you focus on your debt. You can watch his youtube channel and listen to podcasts to give you an idea of his method. What I like about it, is that its a complete plan from getting out of debt to saving for college and saving for retirement. Good luck on your journey to getting out of debt!Read More...
Last Reply By E Allen · First Unread Post

Credit card debt

Forum: Debt
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...
To credit card save moneyRead More...
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...
Last Reply By Jemal umer · First Unread Post

Money management in general

Forum: Budgeting
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...
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...
I have different accounts. It's hard for me to keep track of money divided up in one account.Read More...
Last Reply By E Allen · First Unread Post
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...

Debt Payoff Strategy Tips?

Forum: Debt
Birdie13
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...
You could possible use Dave Ramsey's baby steps. If you can get his book that I believe can help you focus on your debt. You can watch his youtube channel and listen to podcasts to give you an idea of his method. What I like about it, is that its a complete plan from getting out of debt to saving for college and saving for retirement. Good luck on your journey to getting out of debt!Read More...
Last Reply By E Allen · First Unread Post

Total loss valuation

Forum: Insurance
Gina B.
I am looking for the fairest estimates for homeowner insurance. And, I am a bit deflated from the deception the bundling idea presents (fyi, in my estimation it's a hoax unless a savings of $8 is worth it). I have noticed that the estimated sale price of the property and the total loss of the property has an exceptionally different valuation and i mean a good $70k difference. Can someone explain why this is? As an aside, another increased personal liability I am seeing (to consider) is for...Read More...

to buy or to rent?

For the first time in our lives we're in a position to purchase a home. We're not sure it's worth it. We're planning for a 10 or 15 year mortgage, staying in our current job situation for 7 more years and then retiring elsewhere. Is there a way of calculating whether our selling price would net us a profit?Read More...
As we like where we live and have great landlords, it would be a purely financial decision. Thanks for the feedback.Read More...
I have a tendency to agree with this as long as your rent is not super high. Mine is high, but I love where I live.Read More...
Last Reply By Olivia · First Unread Post

Should I purchase extended warranty?

Karen McEuen-Novak
I recently purchased a new 2019 Toyota Camry. I used my car as a trade in and paid the rest in cash so I have no car payment. Upon venturing into the finance manager office he naturally tried to sell me several different warranties. The new car came with a 2 year or 25,000 mile warranty. I declined all the warranties. I came home and did some research and uncovered that I can purchase the extended warranty any time before my current warranty is up. Funny how they don’t share that info with...Read More...
I was in the used car business with my own small dealership for many years and I sold many warranties. You have to realize warranty companies are there to make money! Overall, they always will. What you are buying is something that you may come out ahead if and only if you have far more issues than the average. You are far better off to take $50 per month (or $100 if you have a high repair cost car) and tuck it away into a savings account so you have an emergency fund for repairs. Or if you...Read More...
I am glad you asked this question. I am blessed to recently purchase a 2007 Ford Ranger XLT, and my hubby wants me to get a warranty. I am looking at a 2 year warranty from Ford, powertrain, with 29 items covered, for a little over $1000.00. Since titan older truck, it didn’t come with a warranty. All wisdom is appreciated on this issue!Read More...
Last Reply By DipperDave · First Unread Post

Can you help answer these questions?

Your fellow Penny Hoarders are looking for your tips, thoughts, and experiences! Here are a few threads that are waiting for your response - think you have a tip or experience to share?

What happens to my FSA if I leave a job?

How do you distribute your income?

What type of return does investing in real estate trusts usually garner?

Community announcements

This week in... The Penny Hoarder Community!

Briana
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...
@AverageJoe , Let's not call it 'old' I remember that song!Read More...
KELLYFROMKEENE...as the song of old says, "I second that emotion!"Read More...
Last Reply By KellyFromKeene · First Unread Post

This week in... The Penny Hoarder Community!

Briana
Happy Tuesday, Penny Hoarders! Welcome to your weekly dose of announcements, top discussions, and threads that need YOUR help! Announcement 1: We’re still looking for members to share their thoughts on the new community with us! Interested in recording a short 1-2 minute video where you’ll get to talk about how you found the community and what you like the most? We’ll use these videos to share with the company and other potential new members! Interested? Reach out for more info! Announcement...Read More...
Interested in both.Read More...
Brianna am interested in the second announcement!Read More...
Last Reply By BeckAtsila · First Unread Post
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