Family Balance Sheet
MARCH 4, 2016
Today’s Debt Free Story is a guest post from Chris Peach. We sat down at our kitchen table, took out a simple white piece of paper, and penned out a contract to ourselves: It was our Get Out Debt Contract. It wasn’t me telling her we are going to get out of debt, or her telling me it wasn’t in the budget.
Family Balance Sheet
JUNE 4, 2021
I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This past winter I cleaned out closets and drawers in my quest to minimize and downsize our stuff and donated everything to the thrift store, rather than hold on to it for the spring sale. Apparently, that time has passed.
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Couponing 101
JULY 26, 2011
Today, you can pick up pretty much any book, newspaper, or magazine and find an article about getting out of debt. Did you know that: * Nellie Mae reports that the average amount of credit card debt held by college graduates is $2,700. * USA Today reports that the average college graduate owes about $19,000 in student loan debt. . *
Family Balance Sheet
APRIL 1, 2021
He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.
Family Balance Sheet
JANUARY 17, 2018
2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. I’ll apply that money to the debt.
Prairie Eco-Thrifter
MAY 29, 2013
For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Debt load – 30%. This portion of your score reflects how much debt you carry. If you prefer to pay cash and avoid revolving debt, that’s great.
Savings Corner
DECEMBER 25, 2023
Some platforms invest in equity (stock), while others invest in debt. Generally, stock offers high returns in exchange for more risk, while debt offers lower returns in exchange for less risk. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn.
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