Remove Cars Remove Emergency Fund Remove Finance Remove Pay Off Debt
article thumbnail

Emergency Funds: Emergencies Happen When You Least Expect It

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. What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. How Much Do You Need in an Emergency Fund?

article thumbnail

Create your debt freedom plan

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. But Dave Ramsey’s view of debt is very different. That’s a necessity.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Family Balance Sheet

We paid off just over $23,000 in one year and four months. The debt consisted of my student loans and a car loan. What inspired you to get debt free? That inspired me to be intentional with my finances and to follow Dave’s six steps. What are the top 3 – 5 ways you found money to put towards debt.

Debt Free 241
article thumbnail

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? Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. It has gone on for generations. What do you think?

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. It is a lot.

article thumbnail

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. The rest was our house.

Debt 236
article thumbnail

Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Don’t Quit Your Day Job: Refinance Your Mortgage and Pay the Same Amount?

October 200