Penny Pinchin' Mom

DECEMBER 17, 2023

This is why you should pay off your high-interest debts like credit cards first. Advantages of Saving Despite Debts Building an Emergency Fund Building an emergency savings fund is the top reason to make saving a priority over paying down debt.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

AUGUST 19, 2012

Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. It’s not for paying bills, going on holidays or paying college fees; no matter how urgent these might be, they are not emergencies. As each one is paid off, cut up the card and close the account.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Prairie Eco-Thrifter

JANUARY 30, 2013

In some cases, you might experience a financial emergency at the same time that you experience a natural disaster. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Physical Emergency Preparedness.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We just wanted to pay off our credit cards, which seemed like a huge task since we’d struggled with it for years. Was there a particular event? The rest was our house. Get creative.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

JANUARY 21, 2015

We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). Was there a particular event? We realized that debt payments were eating into our income and potential to build wealth. It wasn’t until the last 2 years that we got serious.

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

FEBRUARY 3, 2016

We paid off $7,665 worth of credit cards, school loans and a car loan. Was there a particular event? The next goals in line would be to build up a 3 month emergency fund and save enough money to replace my car. What kind of debt was it? How long did it take you? What inspired you to become debt free?

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

MAY 27, 2015

Was there a particular event? And this is just on a mortgage, not including any credit card or student loan debt. We’re now on Baby Step #7 (building wealth, which includes college funding). We also are both trying to build our “second jobs” to increase our income. What inspired you to get debt free?

Debt 100

Debt Debt Free Pay Off Debt Finds 100