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How to Start a Budget (and be successful at it!)

Family Balance Sheet

During that time, I started to budget for everything. Every aspect of our lives was included in our budget. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. Another way to think of a budget is a spending plan. Create a budget calendar.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Home and auto expenses are two big budget categories and by keeping these expenses low, we were able to put more aside to our debts. SMALL changes add up to BIG results: With our home, auto, and medical expenses low, we nickel and dimed the rest of our budget and found some extra funds each month to send to our debts.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

There were two things that inspired us to pay off debt. I knew I was going to be a stay at home mom when we had kids and since we were both teachers, we simply could not afford for me to stay home, unless we got rid of something big in our budget. Extra money from budgeting wisely and spending less (specific tips below).

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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

We ate at home a lot and watched our food budget carefully. We still allotted a lot of money for food, but we were careful not to go too far over budget. Daniel cut some of his business expenses by cutting out a monthly fee for a co-working space and cutting out monthly charges for services he didn’t need anymore.

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

Family Balance Sheet

When Jon and I were married, we acknowledged that high paying careers were not on the docket for us, knowing that we wanted to have both comfortable and generous lives we decided that we would have to be incredibly diligent with our resources. The first step in this diligence was paying off debt.

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

Family Balance Sheet

When we added my grad school loans to our other debts and our regular. strict budget. We cut out all of our nonessential spending, what little. towards our debt. Little by little, we paid off each loan before moving. towards debt. We committed to using a cash budget, and we talked daily at.

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

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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