Sentences with phrase «cover debts once»

Life insurance is commonly used in financial planning to help families cover debts once a loved one has passed away.

Life insurance is commonly used in financial planning to help families cover debts once a loved one has passed away.

Not exact matches

A general rule of thumb says it's safe to stop saving and start spending once you are debt - free and your retirement income from Social Security, pension, retirement accounts, etc. can cover your expenses and inflation.

The debt - to - income ratio stipulates just 40 % of available income can be used to cover debt, and once that is adhered to, approval with low credit scores is practically certain.

Laura's award - winning personal finance book covers the whole enchilada, including investing, buying real estate, reducing taxes, and all the other things you'll need to know once you have your debt under control and are ready to start putting your money to work.

Once you've covered your minimum repayment amounts you'll want to decide which debt you should repay first with the extra income you'll earn by following the steps below.

Once you're out of debt, build an emergency fund that could cover three to six months» worth of essential living expenses.

In some cases, it is even possible to restore your credit line once you cover your debt which looks better on your credit report.

Once you have calculated precisely how much money you owe, then it is time to create a budget that will help you to use your income more efficiently by covering all your necessary expenditures and working towards the elimination of your debt and improving your credit and credit score.

Then, once your debt is gone you should build up your emergency fund until you have enough saved to cover 3 - 6 months of your expenses.

Once you know what kind of free financial aid you can get, you can decide if it is worth it for you potentially take on some student loan debt to be able to cover the balance of the tutition you need to pay for the costlier college.

However, once the debt like a mortgage is paid off and your kids have their own foundation so you can convert the term from $ 1 million to let's say $ 200,000 of permanent life insurance to cover final expenses regardless of your health.

Once you have committed to the loan and found a property, the lender will send an appraiser (to be paid for by you) to see if the property that is offered as collateral covers the debt in case of foreclosure.