Remove Communications Remove Emergency Fund Remove Student Remove Thankful
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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
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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

The debt consisted of my student loans and a car loan. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. The tension would come when we didn’t have a plan and didn’t communicate about finances. How much debt did you pay off? What kind of debt was it?

Debt Free 241
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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. Jessi and her husband paid off her student loans. Once Jessi Fearon and her husband made a commitment to pay off the student loans, they developed a plan to throw everything at the debt. Her 2017 goal is to earn $10,000 a month in online income.

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

Family Balance Sheet

medical bills, a small credit card, both of our cars, and student loans. cars, and finally our student loans. emergency fund, so we started throwing what little extra we had straight. Communicating well and communicating often has made talking about. First, we will save our six-month emergency fund.

Debt 100
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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

We had two student loans that still had balances, even though we’d already been paying on them for 10 years. I think communication and being on the same page really helped out. We are currently working towards fully funding our emergency fund. When I sat down and added it all up, we were facing $58,704.10

Debt 100
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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Our house was $150,000 (thank you Texas for affordable houses) and the thought of paying over half a million dollars for it (due to interest) made us sick to our stomach. And this is just on a mortgage, not including any credit card or student loan debt. Constant communication is so important. It creates momentum.

Debt 100