Remove Books Remove College Remove Emergency Fund Remove Student
article thumbnail

Create your debt freedom plan

Family Balance Sheet

We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. A student loan? We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. We thought we were doing really well.

Debt 130
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. It kept me up at night.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

I turned 50 …I know, I know, I don’t look a day over 30, because 50 is the new 30… …anyway, on the last Friday of September, we sent in the very last payment to my husband’s student loan and our goal of paying off our non-mortgage debt by the end of this year is complete! We’re way behind on this.

Debt 100
article thumbnail

What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

These were my college years, when I made lots of stupid decisions. When I’d do things like take out student loans even though I had a full-tuition scholarship and a sweet part-time job in the university cafeteria. What Were You Thinking? The “what were you thinking?” What do you think?

Money 209
article thumbnail

Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

I also wanted to pay off the student loans he had, and see him graduate without occurring any more debt. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? The next goals in line would be to build up a 3 month emergency fund and save enough money to replace my car.

Debt 100
article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Jason Price from One Money Design interviews Chuck Bentley: The Root of Riches Book Interview. Chuck wrote the book to challenge how people think about money.&#. Ryan from The Financial Student talks about Getting Rid of Student Loans. Sean Smarty from Grow Money talks about How to Invest During College.

article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I quit my job to focus on my own stuff (blogging, painting, rental property, my iPhone app, writing Kindle books, etc.). About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) After we got a taste of life without credit card debt, I wanted to pay off my student loan.

Debt 236