article thumbnail

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

Family Balance Sheet

Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. Who handles the day-to-day finances in your home or do you work on it equally? I focus more on the big picture (saving for a house, vacations, emergency fund, etc.) We do it together.

Debt Free 241
article thumbnail

How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

emergency fund, so we started throwing what little extra we had straight. racks FIRST when shopping for clothes and shoes. selection of clothes at a fraction of the price before the next year. First, we will save our six-month emergency fund. Ramsey or Debt-Proof Living? We already had a small. towards debt.

Debt 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

This is where we cut out any extra spending, such as personal money and clothing money, as well as trying to cut our grocery budget for the month, and add the money we saved to the debt payment. When it’s time to get the girls new clothes, I’ll inventory what they have, and then create a list of what they need.

Debt 100
article thumbnail

Create a Monthly Spending Plan | 31 Days to Organize Your Finances

Family Balance Sheet

This is where you assign every dollar of your monthly income to a category, so therefore, your income minus your spending will equal zero. Personal Escrow Fund. Gift Giving Fund. building your Emergency Fund. Gift Giving Fund. building your Emergency Fund. entertainment. car service.

Finance 100
article thumbnail

Meet Tracy, a Single Mom Who Paid Off $41,587 | Debt Free Stories

Family Balance Sheet

The debt included overdraft protection, mattress, car, and a credit card (post divorce stress spending, clothes to accommodate the yo yo diets and weight for 2 years, a trip to Disney World & I’m sure several things that I don’t remember because I was spending without a plan). What kind of debt was it? in 14 months.The

Debt Free 235