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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? They blog at 2 Copper Coins.

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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

Because traditional IRAs require the recipient of distributions to pay regular income taxes on all (if the IRA was built with pre-tax contributions) or part (if the IRA was built with after tax contributions) of the money received, many have converted from traditional to Roth in anticipation of a lower total family tax bill.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 Home equity lenders often charge a fee for variable-to-fixed-rate conversions, too.

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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

We carried no credit card debt and we contributed to our retirement. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. One of the hardest conversations I have had with my husband was when I told him that I didn’t know how we would pay our bills that month. Yep, life was good.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.

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The High Price of Excuses, Justification, and Avoidance.

Prairie Eco-Thrifter

Last week I was having a conversation with an acquaintance who just moved to Central Park Towers, a luxury building right on Central Park West in Manhattan, i.e. my dream location… if I had a million dollars. Considering that she too is an unemployed actress, and we were having this conversation at an audition, I asked about cost.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. His 2017 goal is to make $100,000 in online income.