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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our emergency fund. I am totally paraphrasing the year, but 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. It kept me up at night.

Debt 130
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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

The debt consisted of my student loans and a car loan. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. I focus more on the big picture (saving for a house, vacations, emergency fund, etc.) How much debt did you pay off? We do it together.

Debt Free 241
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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

A savings account (both long-term and emergency funds) A retirement account An investment account A current account (for day-to-day expenditure, holiday spending, and such) A loan payment account for things like student loans and credit cards These will help you track where your money is going. So you aren’t alone!

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. Thanks for the honesty. Thanks for letting us know your secret. Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund.

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

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) After we got a taste of life without credit card debt, I wanted to pay off my student loan. While I was paying off my student loan I kept hearing about this Dave Ramsey guy, so read up on that method.

Debt 236
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2012 Financial Goals

Family Balance Sheet

This includes our mortgage and my husband's student loan. Increase Family Emergency Fund to Six Months Salary. Thanks for reading. The good news about making this list is that it has given me many blog post ideas for 2012! The bad news is that we have a lot of work to do. What financial goals did you make for 2012?

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. Jessi and her husband paid off her student loans. Once Jessi Fearon and her husband made a commitment to pay off the student loans, they developed a plan to throw everything at the debt. Her 2017 goal is to earn $10,000 a month in online income.