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?
Family Balance Sheet
JUNE 22, 2020
Our monthly costs have gone up since 2017, but we’re still paying much less than we would with traditional health insurance. We buy reliable vehicle brands that are built to drive for many many years. But once we started our Debt Freedom Plan, we cut restaurants back to once a week. How do you eat an elephant?
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Family Balance Sheet
MAY 27, 2015
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.
For the Mommas
JULY 24, 2016
You can use the difference in income to pay off debt, save or invest. Buy as small a house as you can while still being comfortable. Buying isn’t always the better investment. If you calculate your mortgage interest, the cost of insurance and maintenance, buying can be much more expensive than renting.
Family Balance Sheet
NOVEMBER 19, 2014
Daniel can work anywhere there is an internet connection and the kids can homeschool anywhere, but we didn’t have the money to buy the plane tickets or book AirBnB apartments. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? It’s feels nice to spend money on a date night out.
Family Balance Sheet
JUNE 2, 2016
However, working in retail as I did, I was never a “big earner” While I tried to repay my student debt, the small payments I could afford made very little inroads. Firstly, I was offered a better-paid job but needed a vehicle to get there, so I took out a loan to buy one. Initially it all seemed fine.
Family Balance Sheet
JUNE 16, 2015
We cut our lifestyle to nothing and threw all that extra money at the debt. We gave up eating out, cable, driving as many places. 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.
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