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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? But $1000 was not nearly enough money to cover sudden emergencies in both our home and business.

Debt 130
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund.

Debt 130
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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? Increase business emergency savings to $$$. | Should be done in another month or two.

Debt 100
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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund. Money Reasons: Why I Got An American Express Blue Cash Card MR loves reward credit cards. Read his take on this great rewards card.

October 200
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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

I own a software consultancy that I run from home and my husband is a letter carrier with the post office. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts.

Debt 100