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How our Debt Freedom Plan Prepared Us for the Pandemic

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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. Yep, life was good.

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2019 Debt Freedom Plan Update

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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. We have zilch set aside for our girls’ college.

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What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

It’s one thing to have a couple thousand dollars in an emergency fund. You could flip a house, or buy a multi-family complex and rent out the units. 5 Books with Insights that Changed the Way I Think About… Are These 5 Investing Mistakes Eroding Your Returns? Invest that Money.

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The Easiest Ways to Save Money on Household Expenses

Prairie Eco-Thrifter

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. Do you watch a lot movies at the theater or rent a lot of movies through a mail order service? Do the same for books. We know that times are tough. I mean, really tough.

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

Also see: The Best Personal Financial Books for Young Families Get a Financial Advisor A financial advisor will help you do three things: Get a hold of your expenditures Structure your savings Maximize your investments These are all steps that, if practiced consistently, will help you grow your personal wealth in the long run.

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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.&#. Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund. Is the conventional advice of keeping a 3 to 6 month emergency fund still valid?

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How Krystal and Josh paid off $80k in 4 years!

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Did you follow a particular debt freedom plan or book, such as Dave. emergency fund, so we started throwing what little extra we had straight. Instead of seeing a movie, rent. First, we will save our six-month emergency fund. Or rent it from the library. This book shares debt-free stories.

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