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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

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.

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Where we found money in March 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. We’ve had an Aflac Accident plan for many years and have never needed it until the fall of 2020 when we used it twice. Credit Card Cash Back: $175. Yep, I found a $20 bill while running on the beach!

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How We’re Using Upromise to Save for College

Family Balance Sheet

Hello, 2020. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. In January of 2020, I was gung-ho about saving for college, however, I had no idea what was about to happen. You can apply for the card through your Upromise account.

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Where I found money in February

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I had an unexpected surprise hit my credit card in February. In January 2020, we booked round-trip flights to Paris for the four of us. My total of found money in February: $3433.68. Airfare Refund: $2700.

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Our Family Finances Update: January 2021

Family Balance Sheet

This money gets sent automatically to the 529 accounts we set up for our girls in 2020. Credit cards are a tricky subject and we pay off the balance every month, so I will write more about this soon. I started searching and test drove a pre-owned Highlander in January 2020. We earned $150 from our Upromise Mastercard.

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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. Do you have enough cash to cover them or would you have to rely on high-interest credit cards or a loan from your family? Both books provided the blueprint for Our Debt Freedom Plan.