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Create your debt freedom plan

Family Balance Sheet

The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Listed below is our original debt freedom plan that we wrote back in 2013. Currently, we’re working on steps 6, 7, and 8 simultaneously.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

Of course, the British climate isn’t always kind, but I’m pleased to say the weather recently has been glorious and I’ve been making full use of it! How on earth could I pay off *more* debt, if even servicing the monthly minimums was causing me anguish? There was only one way to find out!

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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

We were debt free before I was 30 , including our home. The only debt we had was a mortgage – however when we first got married we were stupid and bought a Mercedes. We ended up using my remaining collage savings to pay that off. What are the top 3 – 5 ways you found money to put towards debt.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Yep, we’re newlyweds and eloped together in December 2013. I started Careful Cents and used that as a platform to find freelance writing opportunities. The income from my extra jobs went straight to debt payments, and my regular day job paid the bills, while enabling me to build up a small amount of savings.

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