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Create your debt freedom plan

Family Balance Sheet

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and

Debt 130
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Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. We…took out a car loan. The backstory: In November 2019, my van was in need of new tires and I was debating on whether to get the new tires or start looking for a replacement vehicle. I put down half the money and financed the other half.

Finance 130
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. How Our Debt Freedom Plan Prepared Us for the Pandemic. I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Everything changed.

Debt 130
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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.

Debt 130
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. Plus, I was getting antsy for a new car. No car payment = peace of mind.

Budget 246
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Net Worth Defined: What Is My Net Worth?

Savings Corner

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. And when we say own, we include assets that you may still be paying for, such as a car or a house. That includes revolving consumer debts — such as credit card balances — as well as personal, auto, payday and title loan balances.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

I think I started reading FG regularly in 2018 or 2019. In my 20’s, I finally had a “real” job and wanted to buy a newer car. and realized we should pay off this debt as quickly as possible. canned peaches = summer in a jar 2. How long have you been reading The Frugal Girl? homemade bagels!

Money 195