article thumbnail

Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

That inspired me to be intentional with my finances and to follow Dave’s six steps. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. Meet with a financial advisor. Our goal is to meet with experts and ask them for advice. We do it together.

Debt Free 241
article thumbnail

The Deadly Sins of Personal Finance

Prairie Eco-Thrifter

Lots of people will say that there’s no real formula for personal finance, because it’s personal. Too much of any of these following behaviours will kill anybody’s finances, and, not only that but may lead to poor behaviours in other areas as well. Of course consumerism is a deadly sin of finance. Consumerism.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. Lack of An Emergency Fund .

article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously. Who handles the day-to-day finances in your home or do you work on it equally? Get creative. Ask for help.

Debt 236
article thumbnail

Friday Links – Too Swamped Edition

Prairie Eco-Thrifter

Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. Figuring out a budget and how to meet those goals? 5 New Year’s Resolutions to Improve Your Finances The new year brings us another twelve months of infinite possibilities, another chance to turn our lives around.

article thumbnail

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

Family Balance Sheet

She writes about family, finances and faith at her blog, Principles of Increase. More diligence with finances brought in more income producing opportunities for us. We rarely argued about finances since we paid the decision to be debt free. Who handles the day-to-day finances in your home or do you work on it equally?

Debt 100
article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Make sure that you understand escape routes from the house, and that you drill family members on how to get clear of the house, and where to meet. My son knows that there are two meeting points out (depending on whether he leaves out the front or out the back) in our neighborhood. You can augment with other emergency sources as well.