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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. I send in $50 every month to each of their accounts.

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How this Couple Eliminated $180,000 of Debt in 12 Months!

Family Balance Sheet

The segment was so inspiring that I reached out to her to see if she would participate in the Debt Free Stories series. She hosts a You Tube channel, The Former Mrs. Jones , where she vlogs about budgeting, debt free living, and family life. Meet the Former Mrs. Jones: Her Debt Free Story. How much debt did you pay off?

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Find out How Drew & Farrah Paid off $200k of debt, including their HOME

Family Balance Sheet

So I’m thrilled to bring you today’s story, because I actually watched this couple’s debt free scream when it was live on the show. Drew & Farrah’s Debt Free Story. How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? Where are you from?

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My Life Plan

Family Balance Sheet

But once I created our debt freedom plan and outlined the steps we would take to wade through the hardships, I was overcome with relief. The plan allowed us to think beyond the financial struggles we were dealing with at the time and we could envision what our future might look like. Our Financial Goals: Pay off our non-mortgage debt.

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Get your FREE Family Balance Sheet Excel Spreadsheet

Family Balance Sheet

I could talk all day about personal finance and money-saving strategies, but my husband, while very responsible with money, just doesn’t feel the same way. The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. Love me some Excel!

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. You will also start to repay the money.

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How to Save Money From Salary Without Sacrificing Your Lifestyle

Penny Pinchin' Mom

The post How to Save Money From Salary Without Sacrificing Your Lifestyle appeared first on Penny Pinchin' Mom. Learning how to save money from your salary without sacrificing your lifestyle is a skill worthy of an entire course subject in the most prestigious of schools. How much of your salary should you save?