article thumbnail

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

Family Balance Sheet

My wife is in sales for a software company and I am a fundraiser for a local non-profit that helps the homeless. How much debt did you pay off? What kind of debt was it? We paid off just over $23,000 in one year and four months. What are the top 3 – 5 ways you found money to put towards debt.

Debt Free 241
article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

Work for the same company for 35+ years. We charted out our course of action to pay off debts and start saving for retirement. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Harri Pierce from TotallyMoney discusses How to get your money back when a company goes into administration. Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund. Is the conventional advice of keeping a 3 to 6 month emergency fund still valid?

article thumbnail

Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Good Financial Cents: What to Watch For With Debt Settlement Companies Considering using a debt settlement company? Here’s some tips to be wary of when trying to consolidate your debt. Personal Finance Whiz : What Is An Emergency Fund? How do I pay it off faster?

October 200
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

But at the beginning of our journey to pay off the debt, I was listening to Dave Ramsey on the radio. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

Debt 130
article thumbnail

Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. I talk a lot about this in my post “Top 4 Ways to Pay Off Debt” but they include: 1.

Debt 100