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Create your debt freedom plan

Family Balance Sheet

Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business.

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2019 Debt Freedom Plan Update

Family Balance Sheet

To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. 1 – Save a starter Home Emergency Fund. And for context, you might want to read through the list of posts above.

Debt 100
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6 Steps for Creating a More Successful Career

Prairie Eco-Thrifter

If you plan to quit your job, you might need to save up an emergency fund to help keep you afloat while you develop your own business. Whether that means setting aside $20 to kickstart your savings efforts, or whether it means enrolling in a certification course to help you gain a needed credential, take that first step right now.

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The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. Of course, this spending plan method only works in my family because our wants are fairly modest so we don’t exceed our income each month.

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

Prairie Eco-Thrifter

I wasn’t doing anything wrong back then; my family lived within our means, we had an emergency fund, and we were saving for retirement and our son’s college costs. It’s about those things that my now self would probably want to give my then self a swift kick in the pants for motivation.

Money 209
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Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Last year, my husband and I took Dave Ramsey’s online Financial Peace University course. Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. Start college funds for our two girls. Our Debt Freedom Plan.

Debt 100
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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. We used my app to track our progress while we were paying off our house, and of course I ran a zillion different scenarios. Get creative. Ask for help. Be persistent.

Debt 236