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How this Couple Eliminated $180,000 of Debt in 12 Months!

Family Balance Sheet

The segment was so inspiring that I reached out to her to see if she would participate in the Debt Free Stories series. She hosts a You Tube channel, The Former Mrs. Jones , where she vlogs about budgeting, debt free living, and family life. Meet the Former Mrs. Jones: Her Debt Free Story. How much debt did you pay off?

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. This includes Christmas savings, extra mortgage payment, clothing, hobbies, anything frivolous, and sadly, contributions to charities and our retirement will also be paused.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

Your parents did a great job at keeping you fed, clothed, sheltered, and teaching right from wrong. With PNC reporting that the average 20-something faces $45,000 in debt, and Generation Opportunity finding a 15.9 According to the Consumer Financial Protection Bureau, student loan debt has surpassed $1 trillion.

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Stay the Course Financially

Prairie Eco-Thrifter

With interest rates so low, why not spend now, using debt, instead of waiting for inflation and higher interest rates to kick in and raise the price of goods and services. Why shouldn’t we take that overseas vacation, buy that luxury condo at the lake, get new clothes every change of season, have that spiffy new car?

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Keeping it Simple: Strategies for Financial Security

Prairie Eco-Thrifter

All you need is a list of expenses, both fixed (rent, loan repayments) and variable (food, clothes, fuel), and a list of all sources of income. Your budget helps you manage your debts, get them paid off and stops you getting in any deeper. They have single handedly created the huge amount of personal debt in this country.

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