By Gail MarksJarvis | I was at a gathering the other day and talking to a former lawyer, who told me she is having second thoughts about deciding years ago to stay home to raise her three children. The couple has been saving money for college, but likely not enough for elite schools. And while their children are happy and well adjusted the woman wonders if they made a mistake trying to live on one income.
For many couples, the financial challenges of living on a single income are greater than this family’s. That’s why a worksheet developed by Jean Chatzky, author of “Money 101,” could help a couple trying to decide whether to dare live on one income.
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How To Modify Any Home Mortgage Loan Modification! How To Stop The Foreclosure Process! If you’re unable to manage your mortgage or you’re already behind on payments, try negotiating a workout plan with the lender so that you can avoid foreclosure. There are workout plans such as forbearance, deed in lieu, short sale, loan modification ….