Family Balance Sheet
APRIL 9, 2021
Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. 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.”. “…and
Family Balance Sheet
MAY 6, 2020
How Our Debt Freedom Plan Prepared Us for the Pandemic. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.
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Family Balance Sheet
APRIL 2, 2021
I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This reimbursement is from a foot injury I sustained while running back in September. Credit Card Cash Back: $175. I redeemed $175 for gift cards from our business credit card’s cashback program.
Savings Corner
DECEMBER 24, 2023
To calculate your net worth, take inventory of what you own, as well as your outstanding debt. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise. Or, you can think of net worth as everything you own less all that you owe.
Family Balance Sheet
FEBRUARY 2, 2017
They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. She hit that goal in September 2016.
Family Balance Sheet
SEPTEMBER 21, 2015
We carried no credit card debt and we contributed to our retirement. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. The extra debt that we took on was beginning to suffocate us, so I sat down and created a step-by-step plan. Prior to that, we thought we were golden.
Finally Frugal
FEBRUARY 13, 2013
I'm pretty proud of that - I paid off $42,000 in debt in less than two and a half years (I started sending payments in earnest in September of 2010, when my balance was just over $62,000). To those of you with outstanding student loan, credit card, or other debt: You Can Do It! Subscribe to Finally Frugal.
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