Family Balance Sheet

FEBRUARY 22, 2011

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Your wants and dreams are secondary and need to be saved for separately. Six months?

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

FEBRUARY 2, 2017

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Her 2017 goal is to save $20,000 in cash. Elle and her husband paid off a car loan and saved cash for their next car.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Savings Corner

DECEMBER 27, 2023

This type of loan is usually unsecured, meaning you don’t have to put up property like a house or car as collateral for the loan. 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. Consider a secured personal loan.

Debt 40

Debt Home Improvement Consumer Credit 40

Family Balance Sheet

AUGUST 5, 2015

How much debt did you pay off? What kind of debt was it? Total, we paid off $175K in 2 years!! 130K in mortgage debt. 10K in car payments, $35K in credit card debt. We made the decision to tackle our debt back at our home church in Chattanooga. How long did it take you?

Debt 100

Debt Debt Free Finds Finance 100

Family Balance Sheet

JUNE 16, 2015

How much debt did you pay off? What kind of debt was it? We paid off $36,000 in student loans, credit cards, cars and a bit of medical debt. What inspired you to get debt free? But I would say the breaking point came in June of 2011 when I was in a car wreck. To pay off our home early.

Debt 100

Debt Debt Free Finds Goals 100

Family Balance Sheet

FEBRUARY 23, 2016

Download your FREE Debt Payoff Goal Tracker. Paying off debt is not fun, in fact, it sucks! We built in some celebrations into our Debt Freedom Plan. People have told us that it isn’t possible to not have a car loan or to not use credit cards. Bonus #6 – Celebrate your wins. But I disagree.

Debt 100

Debt Goals 2016 Calculators 100

Family Balance Sheet

SEPTEMBER 29, 2016

We had two student loans that still had balances, even though we’d already been paying on them for 10 years. We also had four credit cards, two lines of credit, and a car loan. What are the top 3 – 5 ways you found money to put towards debt. If married, who initiated the debt free goal?

Debt 100

Debt Debt Free Budgeting Budget 100

For the Mommas

JULY 24, 2016

You can use the difference in income to pay off debt, save or invest. You can save thousands a year with a smaller house and smaller mortgage. Get a smaller car. Again, you can save thousands with a smaller car that is less expensive and more fuel efficient. 20 Tips for Frugal Living.

Frugal Lives 49

Frugal Lives Frugal Living Frugal Magazine and Newspaper Subscriptions 49

Prairie Eco-Thrifter

JULY 4, 2011

Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. Anon from Gen Y Capitalist tells Why It’s Better to Travel NOW Rather Than Save For Later. Some people find themselves buried under student loan debt with little chance of ever paying it off. He’s right.

Personal Finance 240

Personal Finance Finance Family Debt 240

Family Balance Sheet

JULY 2, 2015

But in the end, we ended up making enough profit to pay off our debt entirely and still put some into savings! What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. The money that we used to spend on debt now goes into savings.

Student 100

Student Debt Debt Free Finds 100

Family Balance Sheet

AUGUST 11, 2016

And in adulthood, they are stashing their incomes and living hyper-frugally to save for early retirement, instead of waiting to 65 to fulfill their dreams. This leaves not much left to save for retirement. ” Recently Go Banking Rates conducted two studies on savings rates with startling results. It’s all too much.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

JANUARY 20, 2017

It took us four years, but we paid off over $80,000 of debt! We are debt. medical bills, a small credit card, both of our cars, and student loans. debts one by one. cars, and finally our student loans. What inspired you to become debt free? towards paying off your debt.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

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

Prairie Eco-Thrifter

OCTOBER 15, 2011

Here are the ins and outs of the whole process – why you need one, how much you should have, how to save for it, where to keep it and what do to (and what not to do) with it. If you want to help your kids get off to the best start in life, it’s vital to consider them when you make financial decisions. So what did they do?

October 200

October 2011 Finance Personal Finance 200

Family Balance Sheet

FEBRUARY 3, 2016

How much debt did you pay off? What kind of debt was it? We paid off $7,665 worth of credit cards, school loans and a car loan. We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free?

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

MAY 27, 2015

We paid off a total of $118,000 debt. 110,000 was our mortgage and $8,000 was my car. It took us 33 months to pay it off! I was 24 years old when we paid it off. The first week after our Honeymoon, Ryan paid off the remaining debt on my car. He does not do car payments.

Debt 100

Debt Debt Free Pay Off Debt Finds 100

Family Balance Sheet

JUNE 22, 2020

As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. When I first heard Dave Ramsey talk about holding off on retirement contributions, I shrugged it off. We drive older cars.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

DECEMBER 10, 2014

How much debt did you pay off? What kind of debt was it? After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. It took just over a year (14 months to be exact) before I paid off all my debts and became debt free!

Debt 227

Debt Debt Free Financial Goals Goals 227

Family Balance Sheet

APRIL 12, 2016

What kind of debt was it? I had $56,000 of debt when I decided to become debt free. I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. I had planned to pay it all off in 2.5 How did you celebrate when you became debt free? I will NEVER finance a car again.

Credit Cards 100

Credit Cards Debt Debt Free Student 100

Prairie Eco-Thrifter

JULY 25, 2011

Are you so far in debt that you think you’ll never get out? Are you bone weary of scrimping and saving? Do you believe that what you are doing will never pay off – that you will always be financially insecure? Paying off debt is great but having no quality of life in the process is not the way to do it.

Debt 172

Debt College Goals Life Insurance 172

Family Balance Sheet

JANUARY 7, 2015

Today’s debt free story is from Stacy. She shares delicious recipes, money saving tips and frugal living posts at her blog, Stacy Makes Cents. The only debt we had was a mortgage – however when we first got married we were stupid and bought a Mercedes. We ended up using my remaining collage savings to pay that off.

Debt Free 100

Debt Free Debt Budgeting Budget 100