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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. It was a scary time for us.

Debt 130
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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

The debt consisted of my student loans and a car loan. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. The tension would come when we didn’t have a plan and didn’t communicate about finances. How much debt did you pay off? What kind of debt was it?

Debt Free 241
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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Elle and her husband paid off a car loan and saved cash for their next car. Once the goals are set, they focus on one step at a time and communicating regularly. They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt.

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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

I am a big believer in communicating. ” eemusings from NZ Muse presents Hybrid cars: a week in the fast lane. ” Jay from Daily Fuel Economy Tip shares How to Save on a New Car , and says, “Are you in the market for a new car? They aren’t concerned about the latest deal, craze or freebie.

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

Family Balance Sheet

medical bills, a small credit card, both of our cars, and student loans. cars, and finally our student loans. emergency fund, so we started throwing what little extra we had straight. Communicating well and communicating often has made talking about. First, we will save our six-month emergency fund.

Debt 100
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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Invest it Wisely: Steve Jobs: Entrepreneur and Capitalist Extraordinaire On Wednesday, the world lost a great entrepreneur and capitalist, a man whose creativity and genius sparked an entire industry and changed the face of computing and communication forever. Personal Finance Whiz : What Is An Emergency Fund?

October 200
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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

We also had four credit cards, two lines of credit, and a car loan. I think communication and being on the same page really helped out. We are currently working towards fully funding our emergency fund. We owed money to just about everybody. How often do you and your spouse discuss your finances/budget/spending?

Debt 100