Penny Pinchin' Mom

DECEMBER 17, 2023

And there are tons of other benefits as well. Saving on Interest You will be decreasing your debt as well as the amount you’ll pay in interest over time, which is a good thing. It reduces the overall time that the interest will accrue as well as the balance on which it is calculated.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

JANUARY 30, 2013

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. Know where these items are, and make sure other family members know as well. Credit card with an adequate limit. You can augment with other emergency sources as well.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Family Balance Sheet

SEPTEMBER 9, 2014

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) The rest was our house. I mean, we didn’t even think of it!

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

APRIL 12, 2016

I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. I ended up taking Financial Peace University as well.

Credit Cards 100

Credit Cards Debt Debt Free Student 100