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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? This week I am reminding you all about those special people in your life- your family.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Rules of thumb can be useful in terms of starting points for deciding on what to do next. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances.

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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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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

But I would say the breaking point came in June of 2011 when I was in a car wreck. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Don’t buy stuff you don’t need even if it seems like a great deal. Who initiated the debt free goal? Jason is the nerd.

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

At that point I knew something had to change. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? What are the top 3 – 5 ways you found money to put towards debt. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt.

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

Family Balance Sheet

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. I love her passion for helping others along their debt free journey. Be sure to check out her website where she is offering a free finance workbook if you subscribe to her newsletter. finances/budget/spending?

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

Family Balance Sheet

The first and most important step to paying off our house, was buying a house we could afford. 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.

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