Family Balance Sheet
JULY 2, 2015
How much debt did you pay off? What kind of debt was it? All of our debt was $97,000 in student loan debt. We had been paying on it our entire marriage, but could not afford to pay too much above the minimum payment requirement. If we want to buy a car, we save and pay cash.
Family Balance Sheet
FEBRUARY 23, 2016
We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. It’s a crazy goal, but I like a challenge and I’m looking forward to our reward when everything is paid off. So I concocted an idea to pay them off early and wrote our Debt Freedom Plan.
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Family Balance Sheet
JUNE 2, 2016
In total I estimate I paid off round $40,000 worth of debt, though depressingly a fair chunk of that was just interest. I left university, as so many do, with a fair chunk of debt. I also sold off any belongings that weren’t critical. Paying off debt and growing savings is a means to an end.
Family Balance Sheet
JUNE 8, 2018
Do you look at your bank account and wonder, “where did all the money go?” Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. Use old receipts, bank statements to get an idea of how much you must spend. Total your expenses.
Prairie Eco-Thrifter
JULY 4, 2011
Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? Music to my ears!!
Family Balance Sheet
JANUARY 20, 2017
It took us four years, but we paid off over $80,000 of debt! We are debt. medical bills, a small credit card, both of our cars, and student loans. debts one by one. cars, and finally our student loans. What inspired you to become debt free? grocery money we took out cash every pay day.
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