Remove Credit Cards Remove Financial Goals Remove Food Remove Watches
article thumbnail

Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card. We ate at home a lot and watched our food budget carefully. We still allotted a lot of money for food, but we were careful not to go too far over budget. What are your financial goals now?

Debt 245
article thumbnail

How this Couple Eliminated $180,000 of Debt in 12 Months!

Family Balance Sheet

It started with $40,000 in consumer debt (vehicles, credit cards, small student loan) and then sold our home and eliminated the $140,000 of mortgage debt. Knowing our bank account was empty, I was hoping that one of our maxed out credit cards would have enough room to get him $20 bucks worth of gas to get him to work the next day.

Debt 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

I watched her and her husband’s debt free scream on The Dave Ramsey Show. We also had four credit cards, two lines of credit, and a car loan. Shop with a list, and not just for food. What are your financial goals now? Meet Angela. We owed money to just about everybody.

Debt 100
article thumbnail

Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. It was like 40 feet away from me and I watched the entire thing. I knew then, that no matter what it took, I had to dig myself out of this financial situation and move. How much debt did you pay off?

Debt 227
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

I learned to save money by watching my parents. (I A lot of blood, sweat, and tears were shed here, but we both agree that having no mortgage gave us a serious leg up on our retirement savings and other financial goals. The food you will actually eat is what is worth buying! How did you get interested in saving money?

article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. Personally, budgeting has allowed us to control of our money, reach financial goals, and start planning for our dream life. – Food: groceries, meals out, school lunches.

Budgeting 133
article thumbnail

Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. The inspiration to pay off my debt was watching my grandmother balance her checkbook. And I cut back on lifestyle – cooking food at home, taking the bus to work vs driving and paying for parking, etc. What kind of debt was it?