Penny Pinchin' Mom

DECEMBER 17, 2023

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

OCTOBER 18, 2019

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

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Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

JANUARY 11, 2019

In previous years, I would create a long list of financial goals, only to have little accomplished by the end of the December. I almost stopped writing goals down altogether. In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018.

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Financial Goals Goals 2019 Health Insurance 100

Family Balance Sheet

SEPTEMBER 9, 2014

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

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Debt Debt Free Pay Off Debt Financial Goals 236

Prairie Eco-Thrifter

AUGUST 7, 2012

You’ve heard the saying that nothing worthwhile is achieved without a goal? Those who just go along, hoping for the best, are usually the ones who struggle financially or get themselves into too much debt. So, how do you set financial goals as part of a financial plan? How much is it going to cost you to achieve each goal?

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Financial Goals Goals Making Simple 213

Family Balance Sheet

MAY 6, 2020

How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. This new business debt weighed on me. I decided to use Dave Ramsey’s 7 Baby Steps as a guide and I wrote our first Debt Freedom Plan. Storm #2: 2013.

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Debt Emergency Fund 2007 2020 130

Family Balance Sheet

AUGUST 4, 2014

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? They blog at 2 Copper Coins.

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Debt Free Debt Goals Student 243

Family Balance Sheet

NOVEMBER 5, 2014

Welcome to Debt Free Stories. How much debt did you pay off? What kind of debt was it? The debt consisted of my student loans and a car loan. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

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Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

NOVEMBER 19, 2014

Today’s Debt Free Story is from Amanda & Daniel. Together they blog about becoming debt free and location independence in order to serve the world at Life with a Mission. How much debt did you pay off? What kind of debt was it? We paid off $68,000 of debt in eight months. Who initiated the debt free goal?

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Debt Debt Free Finance Friends And Family Sale 245

Family Balance Sheet

FEBRUARY 2, 2017

Wonder what sets you apart from the people that seem to crush their financial goals? They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. with their goals.

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Financial Goals Goals Debt Budgeting 100

Prairie Eco-Thrifter

DECEMBER 1, 2014

The New Year brings a chance to make a fresh start and improve our lives. One of the best ways to do that is to set realistic goals. In fact, one of my favorite things to do at the end of December each year is to set financial goals for the new year. The most important step is to create realistic goals.

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Goals Financial Goals December Motivation 209

Family Balance Sheet

JANUARY 26, 2016

As God is my witness, it WILL be the year that we pay off the last of our non-mortgage debt. It has been my obsession goal since we found ourselves in a dicey situation back in August 2013. At the time, we had 4 business loans and 1 student loan that were weighing on us, so we created our Debt Freedom Plan.

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Financial Goals Goals 2016 Debt 100

Family Balance Sheet

AUGUST 21, 2020

Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. However, knowing your numbers will help you determine and make a plan for the messiness. There was a time our spreadsheet reflected a lot of debt and not a lot of savings. It showed him what we OWE and what we OWN.

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Family Debt Finance Kids and Family 241

Family Balance Sheet

JANUARY 2, 2021

I wanted to reduce our non-mortgage debt, my clutter, my distractions, my impact on the environment, and my consumption of sweets. After writing some financial goals that had a lot to do with researching topics, such as retirement and college savings strategies, I realized that maybe my word for 2020 was READ. Read: A 2019 Recap.

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Debt 2020 2019 Financial Goals 130

Family Balance Sheet

SEPTEMBER 29, 2016

I watched her and her husband’s debt free scream on The Dave Ramsey Show. You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! Angela & Jeff’s Debt Free Story. How much debt did you pay off? What kind of debt was it?

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Family Balance Sheet

MARCH 19, 2014

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

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Family Balance Sheet

OCTOBER 6, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Today’s assignment: List your SMART financial goals.

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Financial Goals Goals Finance Organic 113

Family Balance Sheet

JULY 13, 2016

So I’m thrilled to bring you today’s story, because I actually watched this couple’s debt free scream when it was live on the show. Drew & Farrah’s Debt Free Story. How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? Where are you from?

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Family Balance Sheet

JANUARY 3, 2012

We talked through some issues and opportunities for our business and our personal, family, and financial goals. Our 2012 Financial Goals. Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. We have set a goal date of July 2015 to pay off all of our debt.

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Financial Goals Goals 2012 Emergency Fund 127

Family Balance Sheet

JANUARY 21, 2015

Today’s debt free story is from Aja. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? Where are you from?

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Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

AUGUST 5, 2015

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? 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. What inspired you to get debt free?

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Debt Debt Free Finds Finance 100

Family Balance Sheet

APRIL 1, 2015

Today’s Debt Free Story is from Brian. He writes at Debt Discipline about about how his family of 5 deals with money, budgets and debt. I started my blog Debt Discipline to help keep us accountable while paying off our debt. How much debt did you pay off? What kind of debt was it?

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Prairie Eco-Thrifter

MAY 22, 2011

Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction. The needs, goals and temperament of every household are unique. A simple prerequisite to debt reduction is knowledge. Create a budget.

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Debt Recession Unemployment Budgeting 157

Family Balance Sheet

OCTOBER 17, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. For years, my husband and I didn’t consider OUR debts to be wrong.

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Family Balance Sheet

JULY 22, 2015

Today’s Debt Free Story is from Deacon. How much debt did you pay off? What kind of debt was it? We paid off $52,000 in consumer debt. It consisted of student loans, a car loan and even some credit card debt. After putting together a budget, it took us 18 months to pay off all of that debt!

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Debt Debt Free Finance Finds 100

Family Balance Sheet

JUNE 11, 2014

Back in March I wrote about my family’s Debt Freedom Plan. But reaching #2 has given us new motivation to keep plowing away at our business and our Debt Freedom Plan. What financial goals are you working towards? Are you making headway with those goals? Let us know in the comments.

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Debt Emergency Fund Financial Goals Motivation 100

Saving Cents With Sense

MAY 8, 2013

But you need to be watchful that it doesn’t take a lot of time to get caught in the debt cycle if you start splurging. Even though there are legal ways to get out of debt , it is better to stay safe than sorry. Read on to know about some smart ways to keep debts at bay and rein in your finances. Frugal debt free'

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Debt Credit Cards Debt Free Finance 101

Savings Corner

DECEMBER 24, 2023

Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals. Debt reduction – How much do you need to pay down and how can you do it? And the plan can be as “big picture” or “little picture” as you want to make it. What is a financial plan?

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Goals Debt Taxes Insurance 52

Motherhood Moments

DECEMBER 26, 2022

As the year wraps up, it’s natural to think about your goals — professionally, personally, and financially. > MAKE A DEBT PLAN If you have outstanding debt, perhaps this year is the right time to make a plan to pay it off. >

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Prairie Eco-Thrifter

JANUARY 18, 2011

We often approach goals as a chance to change. Setting a goal is our chance to finally save that money, lose that weight, or exercise more. Having a new goal is great in the beginning because there is nothing like the feelings of excitement of finally making a positive change in your life. Remember, every bit counts.

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Goals Motivation Work Budgeting 124

Prairie Eco-Thrifter

JANUARY 6, 2011

Are you currently in debt? Like many of us who have previously been in debt, I know how difficult financial management can be. Many of us have never been taught the basics as a child and once we reach adulthood, we find ourselves making poor financial decisions that take us down the road of debt. Consider consolidating.

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Debt Finance Pay Off Debt Credit 113

Family Balance Sheet

APRIL 11, 2020

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. We just finished paying off our non-mortgage debts and now we were considering taking out a car loan. Update our Debt Freedom Plan to reflect lessons learned during this crisis. Cash is King.

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Budgeting Budget Family Debt 246

Family Balance Sheet

MARCH 11, 2021

Review your Yearly Goals. On January 1st, many of us are very gung-ho about writing goals but are we as enthusiastic about those goals on March 12? Do our goals still make sense now that we’re in the trenches of the new year? Take some time to review your yearly financial goals. M – measurable.

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Prairie Eco-Thrifter

JUNE 25, 2013

We all make mistakes. When you make mistakes with your retirement planning process, you could put your entire future at risk. Unfortunately, that often means that you won’t reach your retirement goals. You might also make tweaks depending on changing fundamentals, and shifting goals. Overestimating Returns.

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Making United States Taxes Health Care 201

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. Find yours and use it to make extra cash.

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Personal Finance Finance Tips Finance Mom 52

Prairie Eco-Thrifter

SEPTEMBER 26, 2012

I still have debt to pay off and want to buy a house, so all of that inflation money could go toward saving or paying down debt more quickly. Another way to do this, if you have self control (which I don’t), is the budget just as if you were making the same amount as before, and manually reroute your extra money to your savings goal.

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Debt Goals Money Bills 189

Savings Corner

APRIL 4, 2024

Personal loans are becoming more popular among people looking to consolidate debt and find lower interest rates than credit cards. Your debt-to-income ratio helps lenders determine how much debt you already have compared to your income. According to a Bankrate study, the average personal loan interest rate is 12.10

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