article thumbnail

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

Family Balance Sheet

Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We knew the principles of Financial Peace University; however, we also met with a financial planner who was also a huge Dave Ramsey fan. What are the top 3 – 5 ways you found money to put towards debt.

Debt Free 241
article thumbnail

Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

I did pay a little extra each month, but we weren’t very intense about paying off everything, nor did we follow the debt snowball method- regardless, we still were able to pay off everything. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the 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

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased. Which comes first: saving for an emergency OR paying off debt? Many personal finance experts believe in building an emergency fund to $1000 to get started and then pay off consumer debt.

article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Families are our rock, our support system, and our fans. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? Mike from The Dividend Guy Blog tells How To Build A Solid Dividend Retirement Portfolio. Mike from Experiglot discusses Paying Down The Mortgage Vs Investing.