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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

We’ve had several instances over the years that have shaped how we viewed and managed our money. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Storm #2: 2013.

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Create your debt freedom plan

Family Balance Sheet

There were a lot more fun and purposeful things we could have done with that money than pay the lender. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

To learn to live within your means is one of our primary family money values. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Why would they want to save their money to get pennies a year on their principal?

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Friday Links – Too Swamped Edition

Prairie Eco-Thrifter

I have tried to do some reading this week which I have highlighted below: Great Reads From The Blogosphere: Despite 2012 being over, Invest It Wisely’s idea to fight the winter blues by giving to causes you believe in is a sure-fire way to ensure you’re on your way to a fantastic 2013. Working to build your emergency fund?

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Our 2018 Financial Goals

Family Balance Sheet

We will control our money, rather than our money controlling us. Apply any Found Money to our Goals. I’ll apply that money to the debt. I’ll do my best to follow my own advice, 10 Ways to Save When Eating Out , and we will bring snacks, bag lunches, and drinks on road and errand trips to save money. 2017 Update.

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2019 Debt Freedom Plan Update

Family Balance Sheet

After years of scrimping and saving and not spending extra money on things, we have achieved the biggest financial goal we have ever set for ourselves in our 19 years of marriage. 1 – Save a starter Home Emergency Fund. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here.

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Take Control of Your Money in 2015

Family Balance Sheet

This is the year that we will control our money and our debt and fear will not control us. I’ll continue to offer additional money saving tips, ideas, strategies and recipes like I always have, but I have some new themes that I will be starting next week. In 2015, Let’s Take Control of Our Money.

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