Family Balance Sheet

OCTOBER 18, 2019

Our Debt Freedom Plan has been a long winding road. 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. From what we learned in the course, we wrote our Debt Freedom Plan. We were trying to be responsible. 2018 Update.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

FEBRUARY 16, 2016

Our emergency fund has saved us countless times and it will save us once again with the truck. If you can’t answer with the word, CASH , then please, set yourself up for success and build your emergency fund. Follow these three action steps and the list of ideas below to find the cash for your fund.

Emergency Fund 100

Emergency Fund Money Finds Friends And Family Sale 100

Family Balance Sheet

NOVEMBER 5, 2014

Welcome to Debt Free Stories. How much debt did you pay off? What kind of debt was it? The debt consisted of my student loans and a car loan. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

FEBRUARY 22, 2011

What got us through.our emergency fund. 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. How Much Do You Need in an Emergency Fund?

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

SEPTEMBER 9, 2014

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

MARCH 19, 2014

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. But Dave Ramsey’s view of debt is very different.

Debt 100

Debt Money Emergency Fund Goals 100

Penny Pinchin' Mom

DECEMBER 17, 2023

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

Family Balance Sheet

JANUARY 21, 2015

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?

Debt 100

Debt Debt Free Las Vegas Finance 100

Prairie Eco-Thrifter

JANUARY 10, 2013

Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. If you’re currently balancing your debt payoff and savings efforts, Canadian Budget Binder highlights the reason why it’s important to get out of debt first before saving.

Emergency Fund 193

Emergency Fund Debt Student Fridays 193

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. Start Saving for your Emergency Fund TODAY! The plan hangs on our refrigerator. Where We Stand.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Saving Cents With Sense

MAY 26, 2014

Creating a short-term budget and long-term financial plan can not only help you get out of debt once and for all, but they can also guide you to economic independence and prosperity. Most people want to get out of debt, while others want to save for their children’s college educations or a new home. Create Milestones.

Emergency Fund 71

Emergency Fund Goals 2008 Debt 71

Prairie Eco-Thrifter

JULY 10, 2014

Building a budget or a spending plan around what’s most important to you, at your very core , means that you are far more likely to stick with the current plan. Would you feel a weight lifted if you could pay off your high-rate consumer debt? What matters most to you? Think about what brings satisfaction to your life.

Budgeting 218

Budgeting Budget Work Making 218

Prairie Eco-Thrifter

JANUARY 16, 2014

Traditional investment advice says that you shouldn’t invest in the market until you are financially stable, have an emergency fund and have taken care of other basics, such as insurance of all kinds, debt removal and etc. If you don’t have any stock market investments, how can you get in on the action?

Emergency Fund 184

Emergency Fund Debt Money Father 184

Family Balance Sheet

FEBRUARY 2, 2017

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. His 2017 goal is to make $100,000 in online income.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Prairie Eco-Thrifter

APRIL 3, 2014

After realizing a financial mistake, like miscalculating a debt or failing to plan for a bill, and then beating yourself up on top of that financial stress, you’ll probably want to do something to make yourself feel better. If you’ve amassed a pile of consumer debt, create a budget and see where you can cut back.

Emergency Fund 218

Emergency Fund Debt Bills Money 218

Prairie Eco-Thrifter

JULY 4, 2011

Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? and says, “The big debt clock is over $14 trillion now, but this other one is approaching $1 trillion, and may affect you more directly.&#. How about you?

Personal Finance 240

Personal Finance Finance Family Debt 240

Family Balance Sheet

JUNE 22, 2020

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Prairie Eco-Thrifter

SEPTEMBER 4, 2011

Many people are still trapped in debts and financial insufficiency due to the wrong formula or mindset they’ve been following ever since they got employed. Get Out of Debt. Debt; a simple four-letter word but deadly. Many relationships have been ruined by debts. Have you experienced much obscurity when in debt?

Family 196

Family Financial Goals Debt Goals 196

Prairie Eco-Thrifter

AUGUST 10, 2014

“If you have someone who relies on you for financial support, or if you have outstanding debts and don’t want to leave your family with that debt, you need life insurance.” If you have the resources, or you build up a good emergency fund, there are some types of insurance you might not need.

Insurance 193

Insurance Life Insurance Health Insurance United States 193

Prairie Eco-Thrifter

OCTOBER 21, 2012

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. Michael from Financial Ramblings tells us how to Build a Bigger Nest Egg Through ‘Investment Creep’ , and says, “Turn the principles underlying lifestyle creep in your favor. We should take a moment to refresh our perspective.

Personal Finance 219

Personal Finance Finance Debt Money 219

Family Balance Sheet

JANUARY 1, 2015

Most of them are related to our small business, my husband’s chiropractic office, but last January I got a bee in my bonnet about debt…thank you, Dave Ramsey. I tricked …nudged my husband into following along and together we wrote out our Debt Freedom Plan. Debt Free Stories. My Themes for 2015: 1.

2015 100

2015 Money Debt Home and Garden 100

Prairie Eco-Thrifter

MAY 26, 2016

We could take on debt to grow using other people’s money. However, taking on debt without the current ability to repay it can result in loss of down payment and years of debt interest payments. Money invested is there to stay – whether the investment is in a stock, a bond, a REIT, a building or something else.

Money 124

Money Saving Money Lowes Grandchildren 124

Family Balance Sheet

FEBRUARY 10, 2017

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

Debt 100

Debt 2017 Student 2016 100

Saving With Shellie

JULY 22, 2011

I encouraged you to build an emergency fund or pay down debt with your savings. We are currently building a new house. If you thought my goal was lofty, you should cheek out some of theirs: Merissa at Little House on the Prairie Living is working towards saving to build a new home.

Goals 49

Goals Emergency Fund Financial Goals Debt 49

Family Balance Sheet

JANUARY 17, 2018

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. I’ll apply that money to the debt. Our Debt Freedom Plan (an update): In 2013, we found ourselves with a lot of debt and not enough cash flow. You can read my original post: Our Debt Freedom Plan Begins.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Family Balance Sheet

FEBRUARY 3, 2016

Today’s Debt Free Story is from Charissa. How much debt did you pay off? What kind of debt was it? We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free? They didn’t like debt, and as I grew up, neither did I.

Debt 100

Debt Debt Free College Finds 100

Savings Corner

APRIL 4, 2024

Building a portfolio that has at least some less-risky assets can be useful in helping you ride out volatility in the market. It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. If you opt for only low-risk investments, you’re likely to lose purchasing power over time.

April 52

April Lowes CD Bank 52

Prairie Eco-Thrifter

SEPTEMBER 28, 2014

Many families are toeing the line of slipping into debt, if they aren’t already over their heads. With just one emergency such as a car breaking down or, in the US, a medical bill, many could be in a very precarious position. You can then build upon those small steps. I know how hard it is to start saving. Found Money.

Building 225

Building Emergency Fund Money Savings Account 225

Prairie Eco-Thrifter

AUGUST 19, 2012

Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. This is a reserve of money for emergencies; leave it alone and don’t go dipping into it for general spending. Spiraling debt is the biggest single cause of financial distress out there.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Prairie Eco-Thrifter

SEPTEMBER 25, 2014

On top of that, people are also not saving enough for an emergency or a rainy day. Too often, we rely on debt to get us through tough times instead of thinking and planning ahead. You can build habits to be incredibly positive. This is something that needs to change. So, I propose that you make a habit out of saving.

Making 192

Making Emergency Fund Saving Debt 192

Family Balance Sheet

MAY 27, 2015

Today’s Debt Free Story is from Olivia. We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off? What kind of debt was it? We paid off a total of $118,000 debt. What inspired you to get debt free?

Debt 100

Debt Debt Free Pay Off Debt Finds 100

Prairie Eco-Thrifter

JANUARY 10, 2012

If I had a nickel for every person who went on an exotic holiday and financed it, I’d have enough to fund the sequel to Dude Where’s My Car. All sorts of people drown in debt, feel bad about their financial situation, and then feel like they deserve a holiday to get away from it all. Pay off your debts.

Travel 226

Travel Debt Finance Emergency Fund 226

Family Balance Sheet

OCTOBER 20, 2014

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. If you have been following along with the 31 Days to Organize Your Finances series then you have been building the components leading up to this moment. Personal Escrow Fund.

Finance 100

Finance Organic Organization Budgeting 100