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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. Cash flow a FAMILY TRIP TO HAWAII.

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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

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. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. 2 – Increase business emergency savings.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

Use my Family Balance Sheet excel spreadsheet to help you organize your finances. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. appeared first on Family Balance Sheet. Where We Stand.

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2012 Financial Goals

Family Balance Sheet

On Christmas day, my husband and I spent 4 hours together traveling in a car to visit his family. We talked through some issues and opportunities for our business and our personal, family, and financial goals. We have set a goal date of July 2015 to pay off all of our debt. Increase Family Emergency Fund to Six Months Salary.

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Our Big Financial Goal for 2016

Family Balance Sheet

Between 2013 – 2015, we whittled that down and as of today we have just two loans left. Fortunately we have an emergency fund and a personal escrow account for our yearly and quarterly expenses to keep us stable, but we do need to be diligent at staying within our budget. The Game Plan: 1. Join me: #crushingdebt2016.

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

Family Balance Sheet

Will it be your spouse, coworkers, family, a Facebook support group? 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. Author unknown.