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Emergency Funds: Emergencies Happen When You Least Expect It

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What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Thanks for reading.

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

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He took all of our financial information and put together a plan for us to get out of debt as fast as possible. What are the top 3 – 5 ways you found money to put towards debt. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place.

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

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About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

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We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement). What are the top 3 – 5 ways you found money to put towards debt.

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How Krystal and Josh paid off $80k in 4 years!

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Did you follow a particular debt freedom plan or book, such as Dave. Ramsey or Debt-Proof Living? emergency fund, so we started throwing what little extra we had straight. towards debt. first about any money that was spent. ” So I protected. towards paying off your debt.

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How We Paid off Six Figures of Debt

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But at the beginning of our journey to pay off the debt, I was listening to Dave Ramsey on the radio. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

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However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the debt.

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