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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. How Our Debt Freedom Plan Prepared Us for the Pandemic. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees.

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Where we found money in April

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Years ago during our Debt Freedom Plan, I avoided using credit cards, not because we had credit card debt, but I was trying to limit our overall spending. I only use cards that offer some type of cashback offer.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. Tell us about you and your family. 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 ). Where are you from?

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Average Personal Loan Interest Rates

Savings Corner

Personal loans are becoming more popular among people looking to consolidate debt and find lower interest rates than credit cards. percent as of March 27, 2024. Annual percentage rates (APRs) below are accurate as of March 28, 2024. These include: Your income is used to determine how much you can borrow.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. I have been using it ever since.

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Meet a Reader | Megan from California

The Frugal Girl

We don’t live super frugally, but we do live well within our means and try not to be wasteful with our resources. We bought our house in March 2009, during some of the worst of the recession and the housing bubble bursting. I hope I can teach my kids as well as my parents taught me. Me in one of my money mistakes!

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Where I found EXTRA Money in May 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I calculate the per-hour rate from my plasma donations to make sure it’s a good use of my time. Oh well, I thought–I can sleep in that weekend. March 2021 – I found $747. Finding extra money is a game for me.

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