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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?

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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. Prioritize.

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

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How much debt did you pay off? What kind of debt was it? 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? What are the top 3 – 5 ways you found money to put towards debt.

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2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.

Debt 100
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Over 40 and Worried about Money? Start here!

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We charted out our course of action to pay off debts and start saving for retirement. Start Saving for your Emergency Fund TODAY! I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Write these dreams down on paper. Where We Stand.

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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. The rest was our house.

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

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Elle and her husband paid off a car loan and saved cash for their next car. Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. My husband and I also have a goal of debt freedom, but we’ve put together micro-S.M.A.R.T. ” Pay off Debt. S = Be SPECIFIC.