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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. Prepare by paying off debt. Thanks for reading!

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

Family Balance Sheet

We put any extra money that would come in toward our debt. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Make paying off debt a priority. If you’re going to get serious about becoming debt free, you have to make that your first priority.

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

Family Balance Sheet

We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement). What are the top 3 – 5 ways you found money to put towards debt.

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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

So I take the clothing or grocery budget and stretch it as far as I can. How did you celebrate when you became debt free? Was there something that you gave up that you will go back to now that you are debt free? To pay off our home early. Thank you, Lydia, for sharing your family’s story. Jason is the nerd.

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

Family Balance Sheet

Instead of writing, “I want to pay off debt” or “I don’t want to live paycheck to paycheck”, commit to “I want to pay off $X of credit card debt in 201X and I will stop using credit cards from this point forward.” ” Pay off Debt. Maureen of A Debt Free Mess Free Life.

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

Family Balance Sheet

What habits did you form while being debt free that will now stick. racks FIRST when shopping for clothes and shoes. selection of clothes at a fraction of the price before the next year. you are debt free? When we first started paying off debt we really didn’t have anything to. other states.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

At the same time my credit card debt was slowly creeping upward too thanks to my minimal income. I was earning more each year and the debt I was carrying was covered each month without too much worry. That meant no vacations, no new clothes, no eating out, nothing. Paying off debt and growing savings is a means to an end.

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