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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

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. While this may be one of the quickest ways to sock away money for the purpose of debt reduction, it’s likewise the least pleasurable.

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How to Manage Your Personal Loan

Savings Corner

The worst-case scenario is that you get a loan without a clear picture of its impact on your monthly cash flow, leading you to take on more debt to make up for it. For some people, it’s just easier to see large payments come out of an account they don’t also use to buy groceries.

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

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. I send in $50 every month to each of their accounts.

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Find out How Chris & His Wife Paid off $52,000 in 7 Months

Family Balance Sheet

Today’s Debt Free Story is a guest post from Chris Peach. How in the world did we fail at simple 5th grade math? We sat down at our kitchen table, took out a simple white piece of paper, and penned out a contract to ourselves: It was our Get Out Debt Contract. He and his wife paid off $52,000 in just 7 months.

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Create a Gift Giving Fund | 31 Days to Organize Your Finances

Family Balance Sheet

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. I like to keep my budgets separate, since Christmas is so much larger than the rest of the year, but you can use one spreadsheet for everything if you’d like.

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Improving the Financial $ense of Your Child

Prairie Eco-Thrifter

Here are 3 simple ways to increase your child’s financial IQ. I am not suggesting that you throw them into debt! This way they learn to effectively manage their money by paying their bills first and then using the remaining portion on personal items and entertainment expenses. Teach them how to pay bills.

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Start Small; Dream Big: Achieving Financial Security From Small Beginnings

Prairie Eco-Thrifter

Plan to do what rich people do (whatever it takes to get their dreams); to think like rich people think (ie: think bigger); to talk like rich people talk (ie: positively); to use money the way rich people use their money (ie: they make their money work for them). Look for small ways you can change the way you use your money.

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