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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. My husband’s brain likes to see everything written down on one page, so I developed that first spreadsheet to list all of our accounts and all of our debts. Column D = Target Balance.

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WHY We Want to Be Debt Free

Family Balance Sheet

Why are we jumping through these hoops to be debt free? WHY do we want to be debt free? Yet they’re still the typical kids who want to buy a toy every time we walk into Target. When we wrote our Debt Freedom Plan , I posted it on the refrigerator as a daily reminder for the two of us. “What is debt, mommy?”

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Where we found money in March 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Credit Card Cash Back: $175. I redeemed $175 for gift cards from our business credit card’s cashback program. We use this credit card for almost all of our business expenses and we pay it off every month.

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What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

Pay Down Debt Yes, this is a good way to set yourself up financially. Getting out of debt should make the top three of your financial priorities. Besides, paying off your debt and keeping it at a healthy minimum will help your credit score rating. This is particularly true if you are a results-oriented mom.

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

Family Balance Sheet

I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. How much debt did you pay off? What kind of debt was it? It took us four years, but we paid off over $80,000 of debt! We are debt. debts one by one. What inspired you to become debt free?

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

t Paydown Your Credit Cards. Crystal presents 5 Credit Card Mistakes You Want to Avoid. Credit cards can be a great tool but these mistakes are all too common. Avoid them and you’ll do fine in the world of credit. Glen Craig presents Credit Cards for Excellent Credit.

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Find out How Chris & His Wife Paid off $52,000 in 7 Months

Family Balance Sheet

Today’s Debt Free Story is a guest post from Chris Peach. We sat down at our kitchen table, took out a simple white piece of paper, and penned out a contract to ourselves: It was our Get Out Debt Contract. It wasn’t me telling her we are going to get out of debt, or her telling me it wasn’t in the budget.

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