article thumbnail

Create your debt freedom plan

Family Balance Sheet

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

Debt 130
article thumbnail

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

Family Balance Sheet

She hit that goal in September 2016. Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. Chris and his wife made a financial goal to switch to an all cash lifestyle, instead of relying on credit cards. Her 2017 goal is to save $20,000 in cash. goals to get us there.