Family Balance Sheet

APRIL 9, 2021

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%. At that time, we didn’t consider all debt to be dumb.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

NOVEMBER 19, 2014

We paid off $68,000 of debt in eight months. The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card. What inspired you to get debt free? Who initiated the debt free goal? Daniel does all the day-to-day finances.

Debt 245

Debt Debt Free Finance Friends And Family Sale 245

Savings Corner

APRIL 4, 2024

While the forecast doesn’t call for massive savings — for HE loans, anyway — any reduction in borrowing costs saves prospective borrowers some cash, and encourages them to turn to this financing tool. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt.

Home 52

Home Debt Credit Cards Credit 52

Family Balance Sheet

AUGUST 11, 2016

But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. It is a lot.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Savings Corner

APRIL 4, 2024

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). Bank relationship Relationships can make a big difference in managing your business finances and getting a loan. You want to use business profits to make repayments on the loan. Some lenders require both.

Bank 40

Bank Banking Credit Finance 40

Family Balance Sheet

FEBRUARY 22, 2011

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. Which comes first: saving for an emergency OR paying off debt?

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

AUGUST 5, 2015

What kind of debt was it? Total, we paid off $175K in 2 years!! 130K in mortgage debt. 10K in car payments, $35K in credit card debt. We made the decision to tackle our debt back at our home church in Chattanooga. If married, who initiated the debt free goal? How long did it take you?

Debt 100

Debt Debt Free Finds Finance 100

Family Balance Sheet

FEBRUARY 2, 2017

I interviewed several personal finance bloggers that have conquered their past financial goals and continue to challenge themselves going forward. Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. We’ve been paying off non-mortgage debts since 2013.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Prairie Eco-Thrifter

OCTOBER 15, 2011

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Don’t Quit Your Day Job: Refinance Your Mortgage and Pay the Same Amount?

October 200

October 2011 Finance Personal Finance 200

Family Balance Sheet

JUNE 16, 2015

How much debt did you pay off? What kind of debt was it? We paid off $36,000 in student loans, credit cards, cars and a bit of medical debt. What inspired you to get debt free? Who handles the day-to-day finances in your home or do you work on it equally? How long did it take you?

Debt 100

Debt Debt Free Finds Goals 100

Family Balance Sheet

SEPTEMBER 29, 2016

We had two student loans that still had balances, even though we’d already been paying on them for 10 years. We also had four credit cards, two lines of credit, and a car loan. What are the top 3 – 5 ways you found money to put towards debt. We owed money to just about everybody.

Debt 100

Debt Debt Free Budgeting Budget 100

Family Balance Sheet

FEBRUARY 23, 2016

2 – Create your own Debt Freedom Plan. I realized that we were spreading ourselves too thin and our finances were not as great as I thought they were. We are following his debt snowball method and the book provided the blueprint for our Debt Freedom Plan. Download your FREE Debt Payoff Goal Tracker.

Debt 100

Debt Goals 2016 Calculators 100

For the Mommas

JANUARY 23, 2013

Saving more (52%), spending less (19%) and paying off debt (19%). If you achieve it, nothing happens, but if you don’t achieve it, the site will charge your credit card and donate money to a charity whose cause you hate. Credit Sesame has found that 1 in 3 Americans are overpaying $541 a month on their loans.

Monitors 40

Monitors Credit Debt Consumer 40

Family Balance Sheet

JULY 2, 2015

We are living in an apartment that we can pay for out of one paycheck with money left over. The money that we used to spend on debt now goes into savings. In order to maintain our debt free lifestyle, we pay cash for everything. We rarely use a credit card and if we do, we pay it off right away.

Student 100

Student Debt Debt Free Finds 100

Prairie Eco-Thrifter

JANUARY 6, 2011

This savings can be directly applied towards your smaller debts such as credit and store cards in order to clear them more quickly. Trying to manage your finances and prioritize on paying off debt is impossible if you don’t keep a proper track of your income and outgoing’s.

Debt 113

Debt Finance Pay Off Debt Credit 113

Family Balance Sheet

JANUARY 20, 2017

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. I love her passion for helping others along their debt free journey. Be sure to check out her website where she is offering a free finance workbook if you subscribe to her newsletter. We are debt.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Motherhood Moments

FEBRUARY 7, 2023

billion on the holiday this year, the personal-finance website WalletHub today released its report on 2023's Best Places for Valentine’s Day. V-Day Debt Is Worth It for Some People. Almost 1 in 5 Americans think a Valentine’s Day gift is worth going into credit card debt. Bad Credit Might Keep You Single.

Valentines Day 130

Valentines Day Thrifty Debt Las Vegas 130

Family Balance Sheet

FEBRUARY 3, 2016

Today’s Debt Free Story is from Charissa. She helps readers gain control of their finances and live well on a budget at her blog Cook with a Shoe . How much debt did you pay off? What kind of debt was it? We paid off $7,665 worth of credit cards, school loans and a car loan.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

APRIL 12, 2016

I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. 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.

Credit Cards 100

Credit Cards Debt Debt Free Student 100

Family Balance Sheet

DECEMBER 10, 2014

How much debt did you pay off? What kind of debt was it? After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. It took just over a year (14 months to be exact) before I paid off all my debts and became debt free!

Debt 227

Debt Debt Free Financial Goals Goals 227

Family Balance Sheet

MAY 27, 2015

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. And this is just on a mortgage, not including any credit card or student loan debt.

Debt 100

Debt Debt Free Pay Off Debt Finds 100

Family Balance Sheet

JUNE 8, 2018

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. What a great problem to have, right?!?!

Budgeting 133

Budgeting Budget Financial Goals Goals 133

Saving Cents With Sense

FEBRUARY 17, 2016

Before getting married, you’ve likely researched the financial questions you should ask each other, but do you know how your wedding will affect your finances once the “I dos” are said and the wedding certificate is signed? Paying Off Debt. Thank you for reading.

Taxes 40

Taxes Debt Finance Wedding 40

Family Balance Sheet

JUNE 2, 2016

At the same time my credit card debt was slowly creeping upward too thanks to my minimal income. I was earning more each year and the debt I was carrying was covered each month without too much worry. Was there something that you gave up that you will go back to now that you are debt free? Yes, but not yet!

Debt 100

Debt Finds Debt Free Pay Off Debt 100