article thumbnail

Learning to Save & Pay Off Debt | Guest Post

Saving Cents With Sense

Let’s be honest, saving money for me has always been a struggle. I was raised with frugal parents that tried to install in me proper money management and even though I always paid off everything on time, I never managed to save money. However, I know now that paying off debt is more important.

article thumbnail

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

Family Balance Sheet

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.

Debt Free 241
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 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.) 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?

Debt 236
article thumbnail

Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

The software generated a monthly revenue, but we were able to sell them to pay off the rest of our debt immediately. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Paying off debt can be done!

Debt 245
article thumbnail

Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Was there something that you gave up that you will go back to now that you are debt free? To pay off our home early. Thank you, Lydia, for sharing your family’s story. Not really.

Debt 100
article thumbnail

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Don't confuse this money with vacation money or new furniture money. Save it and forget about it. 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.

article thumbnail

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

Family Balance Sheet

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.

Debt 100