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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

In this blog post, we'll share some of the top financial habits that can help you improve your financial mindset and reduce your chances of falling head over heels in debt. Smart money hacks for the debt-averse individual Here are some of the easiest and most effective strategies to get you started on the road to financial success.

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10 Smart Ways to Become Debt Free

Family Balance Sheet

It’s no secret, I am fascinated, encouraged, and border-line obsessed with debt freedom. The idea of becoming debt free makes me downright giddy. So I love to hear the success stories of others who have found debt freedom. What did they specifically do to become debt free? 10 Smart Ways to Become Debt Free.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? Where are you from?

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Where I found EXTRA Money in May 2021

Family Balance Sheet

Yep, I found a $20 bill while running on the beach! I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Finding extra money is a game for me. Over the years, I have found money through rebates, refunds, online sales, and even the ground. It wasn’t worth my time.

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Put Your Budget on a Diet: Saving Money by Living Medium

Prairie Eco-Thrifter

Because so many people are living on incomes that cannot support their spending habits; living on borrowed money, moving money from account to account, buying, spending, hiding the bills, and eventually the ‘dog of debt’ will catch up to you and bite you right in your credit report. Buy Store Brands.

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It Really Does Get Better

Prairie Eco-Thrifter

Are you so far in debt that you think you’ll never get out? Getting there is not just about executing a debt reduction plan or earning passive income. Paying off debt is great but having no quality of life in the process is not the way to do it. This post was written by Marie. . It takes time, sometimes a very long time.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. 3 – Reduce your monthly utility bills.