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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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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Both are now old enough to open a bank savings account. I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. We could take on debt to grow using other people’s money. Back then I had a passbook.

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So here’s what I got.

Saving In Akron

After being run ragged for 5 days running everyone around, I finally got my new car. So thank you all for being patient with me while I got this car fiasco taken care of. We are so happy to have a new car, but my husband still thinks he wants to try and fix his car. I did not go into debt for this vehicle.

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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. ” Jay from Daily Fuel Economy Tip shares How to Save on a New Car , and says, “Are you in the market for a new car? ” Jacob from Dwindling Debt asks Do Overdraft Chargers Affect Your Credit.

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How to Save Money From Salary Without Sacrificing Your Lifestyle

Penny Pinchin' Mom

Should you just pretend that you don’t have savings and increase your debt ? It goes: 50% of your salary should go to your expenses and needs 30% should go towards what you want (a new car, a vacation, and all that) 20% should go towards your savings plan So, using this rule, 20% of everything you earn should go toward savings.

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What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

Pay Down Debt Yes, this is a good way to set yourself up financially. Getting out of debt should make the top three of your financial priorities. Besides, paying off your debt and keeping it at a healthy minimum will help your credit score rating. Additionally, I have a checking account and a savings account with the same bank.

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Keeping it Simple: Strategies for Financial Security

Prairie Eco-Thrifter

Your budget helps you manage your debts, get them paid off and stops you getting in any deeper. You might need a new outfit but you ‘ need ’ food and a way to get to work more! Assess Your Bank Accounts The next simple thing is to look at your bank accounts; if you have several, think whether you need them all.

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