Prairie Eco-Thrifter

MAY 30, 2012

Having Multiple Credit Cards Buying with credit cards leads to spending more than you earn and we all know where that leads. Interest rates on credit cards are usually the highest around so you are actually paying many times what the item is worth. Make establishing an emergency fund a priority.

Money 235

Money Emergency Fund Debt Financial Goals 235

Penny Pinchin' Mom

DECEMBER 17, 2023

This is why you should pay off your high-interest debts like credit cards first. The best way to get out of existing debt when your credit card balances are high is to stop charging them and live within your limits as you pay them down. Hidden in the terms might be clauses with penalties for early repayment.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

JANUARY 30, 2013

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. Credit card with an adequate limit. Financial contact numbers for banks, credit issuers, insurance companies, and others. You never know when an emergency will arise.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Family Balance Sheet

SEPTEMBER 9, 2014

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) The rest was our house. I mean, we didn’t even think of it!

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

APRIL 12, 2016

I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. I had planned to pay it all off in 2.5

Credit Cards 100

Credit Cards Debt Debt Free Student 100