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.
Family Balance Sheet
APRIL 12, 2016
Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. What inspired you to get debt free? The inspiration to pay off my debt was watching my grandmother balance her checkbook.
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Prairie Eco-Thrifter
MAY 30, 2012
So look at the take-outs you buy, the dinners out, the expensive designer coffees, the magazines, the impulse buys of things you really didn’t need, the ‘stuff’ you buy without thinking it through. Having Multiple Credit Cards Buying with credit cards leads to spending more than you earn and we all know where that leads.
Prairie Eco-Thrifter
MAY 1, 2013
The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances.
Prairie Eco-Thrifter
OCTOBER 5, 2011
7.) Pay only the minimum on debts. Until you have a job again, focus on keeping your financial reserves, as you may end up regretting paying that extra $20 a week off your debt. It will cost you in interest, but if you have no income for a long time, you won’t be able to get the extra your paid off the debt back again.
Prairie Eco-Thrifter
SEPTEMBER 15, 2014
If you are working at becoming a millionaire, perhaps you dream about the mansion you will buy and the servants you will have, the vacations you will take and the interests you will pursue. Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life.
Penny Pinchin' Mom
DECEMBER 17, 2023
Emergencies constitute things like: Job loss Medical emergencies Accidents Unplanned large purchases (necessary large purchases) Natural disaster expenses You absolutely need to have this money set aside somewhere it can be easily accessed but also not within your day-to-day reach.
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