article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

It was during this rather taxing weekend that I was reminded of how great a loving family can be. Tim from How to Make Bankable Savings discusses Buy Versus Rent: Non-Financial Considerations are Ke y The decision to buy or rent your home involves more than a financial analysis.

article thumbnail

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

Family Balance Sheet

and using all of our extra funds, like bonuses from work and tax returns, we were able to pay everything off in 4 years! What are the top 3 – 5 ways you found money to put towards debt. Instead of seeing a movie, rent. you are debt free? readers who want to become debt free? were still on track.

Debt 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

I could barely afford my $600 rent payment, which was in a horrible neighborhood. Then during tax season, I worked at H&R Block filing taxes. The income from my extra jobs went straight to debt payments, and my regular day job paid the bills, while enabling me to build up a small amount of savings.

Debt 227
article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. During that time, I started to budget for everything.

Budgeting 133
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Also, the monthly mortgage payment was less than our rent payment. Living a life focused on paying off debt is not always easy. Everything looked great on paper. We said NO a lot.

Debt 130