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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. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Darwin from Darwin’s Money asks Are You Better Off Than Your Parents?

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

Family Balance Sheet

What inspired you to get debt free? That inspired me to be intentional with my finances and to follow Dave’s six steps. When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free. What are the top 3 – 5 ways you found money to put towards debt.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet.

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Where we found money in April

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. They are a nice perk if you are able to pay off your balance every month, otherwise, you’re paying finance charges that most likely exceed the cashback that is earned. Aflac Reimbursement: $40.

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How To Get A Business Loan In 6 Steps

Savings Corner

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). Bank relationship Relationships can make a big difference in managing your business finances and getting a loan. If you have a business partner or co-owner, you must include their information too.

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Create your debt freedom plan

Family Balance Sheet

Our personal finances are so interwoven with our small business finances that we view them as one. And as you’ll see below, we also added a few more steps that he probably wouldn’t suggest or approve of, but there’s a reason why this is called personal finance. Paying off debt is not fun.

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Are You Making These Five Retirement Planning Mistakes?

Prairie Eco-Thrifter

When you plug your information into a calculator, trying to figure out how much to save in order to reach your desired nest egg, don’t overestimate your returns. Too often, we forget to plan for the impact of inflation on future finances. Yes, you might pay off debt and have fewer of those types of obligations.

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