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.) 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?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

OCTOBER 18, 2019

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. We were trying to be responsible. We can now move on to other financial goals.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

NOVEMBER 5, 2014

We put any extra money that would come in toward our debt. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Make paying off debt a priority. If you’re going to get serious about becoming debt free, you have to make that your first priority.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

FEBRUARY 22, 2011

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.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

APRIL 9, 2021

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. We also had some building repairs that we needed to cash flow. Pay off all Non-Mortgage Debt. How to Build your Emergency Fund.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

FEBRUARY 2, 2017

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. Read: How to Build your Emergency Fund.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Savings Corner

APRIL 4, 2024

Each CDFI serves a specific target group for the purpose of building up the community, and they often accept customers with poor or no credit history. If you’re part of an underserved community, working with a CDFI could help you build a sustainable business through funding, mentorship and additional resources.

Bank 40

Bank Banking Credit Finance 40

Savings Corner

APRIL 4, 2024

You can deduct the interest (up to the limit) if the home equity loan is used to “buy, build or substantially improve” the property. Consolidating high-interest debt: If you’ve been struggling to pay off debts with high costs like credit cards, a home equity loan can make a big difference in the amount of interest you’re paying.

Home 52

Home Debt Credit Cards Credit 52

Savings Corner

DECEMBER 27, 2023

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. Best lenders for good-credit borrowers Time to fund after approval Credit-building features. Fast approval and funding. Credit card consolidation.

Debt 40

Debt Home Improvement Consumer Credit 40

Family Balance Sheet

AUGUST 4, 2014

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.

Debt Free 243

Debt Free Debt Goals Student 243

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. Read: How to Build your Emergency Fund and 25 Ways to Find Money for your Emergency Fund.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Prairie Eco-Thrifter

JULY 4, 2011

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. “The family is a haven in a heartless world.&#. . Good question.

Personal Finance 240

Personal Finance Finance Family Debt 240

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

Debt 52

Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

FEBRUARY 3, 2016

However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the debt.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

MAY 27, 2015

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. We’re now on Baby Step #7 (building wealth, which includes college funding).

Debt 100

Debt Debt Free Pay Off Debt Finds 100

Family Balance Sheet

JUNE 22, 2020

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JUNE 2, 2016

In general though, the process of paying off debt has taught me a lot of things, and its a lifestyle I continue to this day. Was there something that you gave up that you will go back to now that you are debt free? Paying off debt and growing savings is a means to an end. Yes, but not yet!

Debt 100

Debt Finds Debt Free Pay Off Debt 100

Family Balance Sheet

DECEMBER 10, 2014

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. I only pay for Netflix and Hulu Plus, which is around $18 a month — a far cry from my $90+ satellite TV bill.

Debt 227

Debt Debt Free Financial Goals Goals 227

Family Balance Sheet

APRIL 12, 2016

Part of the traveling that I want to do is humanitarian-focused – how I can use the wealth I build to help others in the world. What advice do you have for someone that is paralyzed by their debt load, but wants to be debt free? And finally, paying off debt is completely and totally possible.

Credit Cards 100

Credit Cards Debt Debt Free Student 100

Family Balance Sheet

JANUARY 7, 2015

We quit when we were paying off debt. and to build our dream home. I might buy it again…I’M TOTALLY KIDDING! And deodorant. Don’t be afraid to be around us. What are your financial goals now? Now we are saving to buy a minivan (which I said I would never drive, but an expanding family has changed me.

Debt Free 100

Debt Free Debt Budgeting Budget 100