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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. This week I am reminding you all about those special people in your life- your family. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Families are our rock, our support system, and our fans.

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

Family Balance Sheet

Together they paid off $23,000 in 16 months. Tell us about you and your family. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We knew the principles of Financial Peace University; however, we also met with a financial planner who was also a huge Dave Ramsey fan.

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

Family Balance Sheet

Today’s Debt Free Story is from Charissa. Tell us about you and your family. I did pay a little extra each month, but we weren’t very intense about paying off everything, nor did we follow the debt snowball method- regardless, we still were able to pay off everything. Where are you from?

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Which comes first: saving for an emergency OR paying off debt? Many personal finance experts believe in building an emergency fund to $1000 to get started and then pay off consumer debt. Once that debt is paid off then start building up you emergency fund to your desired number.