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

FEBRUARY 2, 2017

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. ” Pay off Debt. Read: 5 Steps to Crush Debt + a FREE Debt Payoff Tracker. She hit that goal in September 2016.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

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. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery. It was a scary time for us. It is for emergencies.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

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

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

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. We owed money to just about everybody.

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. 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. Living frugally allows you to not only spend less than what you earn, but also allows you to earn less.

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. FMF from Free Money Finance shares his Simple Car Email. He used this email to save thousands of dollars on his last three car purchases. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ?

Personal Finance 240

Personal Finance Finance Family Debt 240

Family Balance Sheet

JULY 2, 2015

In order to maintain our debt free lifestyle, we pay cash for everything. We rarely use a credit card and if we do, we pay it off right away. If we want to buy a car, we save and pay cash. We have been given money ourselves during our process of paying off debt and try to remain grateful and giving.

Student 100

Student Debt Debt Free Finds 100

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. (If you’re married, you MUST do this with your spouse.) Write these dreams down on paper.

Emergency Fund 100

Emergency Fund Money Finance Debt 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

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? you are debt free? free except for our mortgage.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

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 Pay Off Debt 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

Prairie Eco-Thrifter

OCTOBER 15, 2011

Most people only think about cost of ownership when it comes to buying a car. Fat Guy, Skinny Wallet: That Pizza Was Tempting, But We’d Rather Pay Off Debt His wife and him were tempted to be undisciplined and order pizza for dinner the other day. Instead of giving in, they used it as an opportunity to pay down debt!

October 200

October 2011 Finance Personal Finance 200

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 Not using debt helps create the connection. I will NEVER finance a car again.

Credit Cards 100

Credit Cards Debt Debt Free Student 100

Family Balance Sheet

JUNE 22, 2020

We didn’t max out our contributions, but we were at least contributing something and while it prolonged our pay off period, it was a compromise that made us both feel better. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom. We drive older cars. Small home = Low Expenses.

Debt 130

Debt Health Insurance Insurance 2001 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

Prairie Eco-Thrifter

JULY 25, 2011

Miss T, in her post “ Remember, Slow and Steady Wins the Race ” states “After failing [to get out of debt] a couple times, I came to the realization that I needed a new plan, one that was attainable and manageable for the long term. Paying off debt is great but having no quality of life in the process is not the way to do it.

Debt 172

Debt Goals College Life Insurance 172

Family Balance Sheet

JANUARY 7, 2015

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. We swore we would never finance a car again. What inspired you to get debt free? We quit when we were paying off debt.

Debt Free 100

Debt Free Debt Budgeting Budget 100