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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? Was there a particular event?

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Update #1: Our Debt Freedom Plan

Family Balance Sheet

Back in March I wrote about my family’s Debt Freedom Plan. Being self-employed, we need to have a cushion for business expenses in the event that something happens, such as a tough sales month or our furnace/AC breaks. It happened in 2006 and again in late 2012 to early 2013. What financial goals are you working towards?

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Our 2019 Financial Goal

Family Balance Sheet

Unfortunately, we had a medical event in 2017 and we were on the hook for the first 10k of bills. Fortunately, we were making good progress with our #2 goal prior and had quite a bit of it saved for this second medical event. Before we wrote our Debt Freedom Plan in 2012, I couldn’t see the forest through the trees.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Today’s Debt Free Story is from Carrie. How much debt did you pay off? What kind of debt was it? After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. What inspired you to get debt free? Was there a particular event? Next summer?

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Why I Don’t Use Cash Back Credit Cards

Prairie Eco-Thrifter

From researching the card that makes sense for your lifestyle, to making sure to sign up for special reward events, to tracking the ever changing categories that offer rewards; keeping up with a cash back card can be a hassle. Here is why I don’t use cash back credit cards. The hassle factor. The rewards are small. Guess what?