Remove Credit Cards Remove Emergency Fund Remove Finance Remove Student
article thumbnail

10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

The post 10 Must-Know Personal Finance Tips for Moms’ Financial Success appeared first on Penny Pinchin' Mom. Personal finance tips are much like opinions; everybody’s got one. Here are some personal finance tips that should help get you out of that murk. Thankfully, you no longer have to be one of them.

article thumbnail

Create your debt freedom plan

Family Balance Sheet

We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We agreed that credit card debt wasn’t very smart, but a car loan? A student loan? At times the plan felt intimidating, but it also changed the direction of our finances.

Debt 130
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Ryan from The Financial Student talks about Getting Rid of Student Loans.

article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. Our emergency fund. 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. Storm #2: 2013.

Debt 130
article thumbnail

The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

You are one emergency short of losing track of your finances. This is why you should pay off your high-interest debts like credit cards first. Advantages of Saving Despite Debts Building an Emergency Fund Building an emergency savings fund is the top reason to make saving a priority over paying down debt.

article thumbnail

What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

When I’d do things like take out student loans even though I had a full-tuition scholarship and a sweet part-time job in the university cafeteria. Or put yet another trip to Las Vegas on the credit card. I opened a retirement account during that period, but it involved a managed fund with a 2% annual fee.

Money 209
article thumbnail

Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. We thought credit card debt wasn’t very smart, but a car loan? A student loan? But Dave Ramsey’s view of debt is very different.

Debt 100