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6 Tricks to Save More Money in 2015

Prairie Eco-Thrifter

Would you like to end 2015 with a bigger bank account than you currently have? Earmark this money for an emergency fund, a new car fund, a vacation fund, whatever you would like. Then, you’re continually building a slush fund in your checking account. Put your emergency fund in an inconvenient bank.

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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Pay off all Non-Mortgage Debt.

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Take Control of Your Money in 2015

Family Balance Sheet

And 2015 is no different. Tantrum aside, it’s still going to take years, but there is room for us to make some considerable progress in 2015. In 2015, I will be sharing our journey to significantly reduce our debt. My Themes for 2015: 1. In 2015, the monthly challenge will be the Choose Thrift First Challenge.

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2019 Debt Freedom Plan Update

Family Balance Sheet

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

Start Saving for your Emergency Fund TODAY! If you are part of 70% of Generation X that has less than $1000 in personal savings account, start saving today for your emergency fund, whether it is the starter $1000 emergency fund that Dave Ramsey promotes, or it is 3-6 months of expenses. Where We Stand.

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

Family Balance Sheet

They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt. We focused and paid off 2 loans by end of 2015, and one loan in 2016. Save for emergencies. Read: How to Build your Emergency Fund.

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Our 2018 Financial Goals

Family Balance Sheet

Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. It has come in handy many times and if we need to use the money, we pause extra debt payments until we get back to our fund amount.| Increase business emergency savings.