article thumbnail

Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

What are the top 3 – 5 ways you found money to put towards debt. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. We all the extra money we had been putting away toward debt reduction. Make paying off debt a priority.

Debt Free 241
article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

We ran the numbers of the purchase and they looked great on paper, but paper doesn’t account for a new server, a roof leak, unexpected medical bills, and other calamities. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

Debt 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

We charted out our course of action to pay off debts and start saving for retirement. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. Write these dreams down on paper.

article thumbnail

Debt Consolidation Calculator | Bankrate

Savings Corner

Try adjusting the terms, loan types or rate until you find a debt consolidation plan that fits your goals and budget. Debt consolidation is the process of combining several debts into one new loan. The goal is to streamline payments, lower interest, and pay off debt more quickly.

Debt 52
article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Quitting my job is one of the things being debt free has enabled us to do. have barely any bills and be able to live off passive income. If you want to become debt free, I’m here to tell you it is TOTALLY worth all the time, effort, and frustration. How much debt did you pay off?

Debt 236
article thumbnail

How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

medical bills, a small credit card, both of our cars, and student loans. burden for us at first were the medical bills. debts one by one. we still weren’t making enough money to cover all of our monthly bills. When we added my grad school loans to our other debts and our regular. Ramsey or Debt-Proof Living?

Debt 100
article thumbnail

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

Family Balance Sheet

Instead of writing, “I want to pay off debt” or “I don’t want to live paycheck to paycheck”, commit to “I want to pay off $X of credit card debt in 201X and I will stop using credit cards from this point forward.” ” Pay off Debt. Save for emergencies.