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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

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How to Build your Emergency Fund

Family Balance Sheet

Both books provided the blueprint for Our Debt Freedom Plan. Later in his plan, he recommends saving 3-6 months of expenses, but only after paying off the non-mortgage debt. Although, as noted above, $1000 is easy to blow through with emergencies, so consider a starter fund of $2000-3000.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. His 2017 goal is to make $100,000 in online income.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

By the end of 2007, our business was picking up again and we were gaining some momentum, but not before we practically wiped out our emergency fund with only $2000 left to spare, not enough to get us through one more month. Which comes first: saving for an emergency OR paying off debt? It is for emergencies.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. For more on that, read Our Debt Freedom Plan. Later in his plan, he recommends people save 3-6 months salary, but only after they’ve paid off their non-mortgage debt.

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How to Build your Emergency Fund

Family Balance Sheet

By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings with only $2000 left to spare, not enough to get us through one more month. Later in his plan, he recommends saving 3-6 months salary, but only after paying off the non-mortgage debt. What is an Emergency Fund?

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The Prairie Eco-Thrifter Giveaway Extravaganza: 2nd Anniversary with an iPad 3 and over $200 Cash To Be Won Plus a Bonus Prize

Prairie Eco-Thrifter

While many personal finance sites focus on things such as getting out of debt, saving for retirement, and investing, what really matters to me the most is how we can live healthy prosperous lives. The site has grown and changed so much and I owe it all to you, my readers.

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