article thumbnail

Create your debt freedom plan

Family Balance Sheet

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and

Debt 130
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. 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’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Where I found money in February

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I had an unexpected surprise hit my credit card in February. Neither my husband nor I have been to Europe so this was a big deal and we were very excited to be able to take our kids on such a trip. Airfare Refund: $2700.

February 257
article thumbnail

7 Financial and Work-Related Life Lessons I Learned From My Dad

Prairie Eco-Thrifter

Join the husband/wife blogging team of Broke Professionals as they attempt to dig themselves out of a combined six figures in student loan debt. On credit cards and debt: “Credit cards are the easiest way to get into trouble. Stay out of debt in general. He is one of my heroes. Neither do you.

Work 133
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Our daughter is 24 and was adopted from Eastern Europe when she was one week short of a year old. manicures pedicures expensive or trendy clothes and shoes brand-name foods gym memberships a large-screen TV, streaming services, movies the latest phones and tech gadgets fine wines alcohol cigarettes credit card debt The list goes on.