Family Balance Sheet

SEPTEMBER 9, 2014

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

MARCH 19, 2014

Last year, my husband and I took Dave Ramsey’s online Financial Peace University course. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. “Debt is Dumb and Cash is King.” Our Debt Freedom Plan.

Debt 100

Debt Money Emergency Fund Goals 100

Penny Pinchin' Mom

DECEMBER 17, 2023

Of course, budgeting isn’t all about sucking the fun out of everyone’s existence and putting family life on hold. By that, I mean you have created a weekly, monthly, and even annual budget, or you’ve taken the time to go through my Financial Reboot Course to give yourself an excellent chance to reign in your finances.

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. Start Saving for your Emergency Fund TODAY! Write these dreams down on paper. Where We Stand.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Prairie Eco-Thrifter

JANUARY 1, 2013

Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet. Making weekly payments will save interest.

Emergency Fund 272

Emergency Fund Credit Cards Personal Finance Finance 272

Prairie Eco-Thrifter

MAY 30, 2012

Of course, this concept is true whether the little things are positive or negative. Increasing your credit card limit is really increasing your debt, or at least your exposure to debt, so say ’No!’ Make establishing an emergency fund a priority. The key is to take action, even small ones.

Money 235

Money Emergency Fund Debt Financial Goals 235

Prairie Eco-Thrifter

SEPTEMBER 16, 2013

This can breed short sightedness as you struggle to deal with your debt. We all know how powerful debt snowballing can be, with small amounts adding up over time to pay off a big portion of debt, and the reverse is true with small portions of spending adding up overtime to wreak havoc on your finances. Consumerism.

Personal Finance 222

Personal Finance Finance Consumerism Debt 222

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. Again, you’re not alone with this problem.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Prairie Eco-Thrifter

JANUARY 16, 2014

Traditional investment advice says that you shouldn’t invest in the market until you are financially stable, have an emergency fund and have taken care of other basics, such as insurance of all kinds, debt removal and etc. If you don’t have any stock market investments, how can you get in on the action?

Emergency Fund 184

Emergency Fund Debt Money Father 184

Family Balance Sheet

FEBRUARY 4, 2015

Today’s Debt Free Story is from Shannon. I have been sharing my passion for simple living on GrowingSlower.com since 2011, and I now have added the Real Mom’s Guide series of books and courses to further encourage my readers! How much debt did you pay off? What kind of debt was it? Where are you from?

Debt Free 100

Debt Free Debt Financial Goals Budgeting 100

Prairie Eco-Thrifter

MAY 27, 2012

Like I state on my About page , I was in debt and living a life that didn’t satisfy me. Of course, I wasn’t alone but that wasn’t much comfort, I can tell you! Statistics show that nearly one in two Americans are in serious financial problems due to their debt levels. This shows that the problem is really widespread.

Emergency Fund 212

Emergency Fund Credit Cards Budgeting Budget 212

Prairie Eco-Thrifter

MAY 25, 2014

Me from 15 years ago would get an earful about what not to do, and advice on budgeting and saving and staying out of debt. By then, I was married, raising a toddler, our family was paying down debt and I was practicing much better financial discipline. Or put yet another trip to Las Vegas on the credit card.

Money 209

Money Giving Las Vegas Credit Card Rewards 209

Prairie Eco-Thrifter

JULY 22, 2014

I keep expenses low by living below my means and when windfalls of cash come in from bigger contracts, the money goes into replenishing savings and retirement funding. By maintaining a cash cushion in the form of an emergency fund, I feel protected rather than anxious when returning to the unemployment line. Money Tips'

Money 219

Money Unemployment Emergency Fund Couch 219

Prairie Eco-Thrifter

FEBRUARY 4, 2014

My husband and I were graduate students with loans and credit card debt, and we were certain that a higher income would solve all of our problems. Of course, we like to have fun, too. When I was younger, I used to think that a higher income was the solution to most of my financial issues. However, this isn’t always the case.

San Francisco 248

San Francisco Emergency Fund Money Utah 248

Finally Frugal

JANUARY 17, 2011

I'm pretty sure I've mentioned my 15 (almost 16) year old 'beater' car, which I'm trying to keep running until I'm debt-free. or whether to use the money from my extra jobs, thereby NOT sending that money to my debt. My emergency fund earns 1.10% interest. My debt 'earns' between 8.25% and 8.9% Bad, bad, bad.

Emergency Fund 45

Emergency Fund Debt Cars Car 45

Prairie Eco-Thrifter

MAY 26, 2016

Of course, depending on what we buy, we may experience some buyers remorse. We could take on debt to grow using other people’s money. However, taking on debt without the current ability to repay it can result in loss of down payment and years of debt interest payments.

Money 124

Money Saving Money Lowes Grandchildren 124

Savings Corner

APRIL 4, 2024

The trade-off, of course, is that in lowering risk exposure, investors are likely to earn lower returns over the long run. It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. That may be fine if your goal is to preserve capital and maintain a steady flow of interest income.

April 52

April Lowes CD Bank 52

Prairie Eco-Thrifter

AUGUST 19, 2012

Of course, we don’t do it on purpose, I know, it’s just that we often don’t realize what we have done until it’s too late and disaster strikes. Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. I know that sounds harsh, but it is the reality.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Prairie Eco-Thrifter

SEPTEMBER 28, 2014

Many families are toeing the line of slipping into debt, if they aren’t already over their heads. With just one emergency such as a car breaking down or, in the US, a medical bill, many could be in a very precarious position. A surprising amount of North Americans are not putting money away consistently for retirement.

Building 225

Building Emergency Fund Money Savings Account 225

Family Balance Sheet

JUNE 8, 2018

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. I discovered the term, Zero-Based Budget, when my husband and I took Dave Ramsey’s Financial Peace University home course many years ago. During that time, I started to budget for everything.

Budgeting 133

Budgeting Budget Financial Goals Goals 133