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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? We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Automating your savings towards an emergency fund makes this process easier and less painful. on your credit card. Make smart choices with credit. Credit can be a valuable tool when used wisely, but it can also quickly lead to debt if you're not careful. And this can help you steer clear of debt.

Debt 130
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How to Avoid Financial Disaster

Prairie Eco-Thrifter

Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. This is a reserve of money for emergencies; leave it alone and don’t go dipping into it for general spending. Let’s look at some of these strategies now. I’m sure everyone.

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Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

Low Credit Score. Generally speaking a credit score below a 620 will not be enough to qualify you in buying your first home. While you may not want to delay the first purchase of your home, you have to realize that a low credit score, even if the bank does approve you, will not allow you to get the best interest rate.

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Are You Heading for Financial Disaster?

Prairie Eco-Thrifter

See if you can identify with any of these statements: I spend more than I earn I don’t have a household budget I use credit cards all the time to buy everyday essentials like food, gas, transport. Also include an emergency fund and contributions to a retirement account, even if just small amounts at first. Deal with it.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Physical Emergency Preparedness. Getting ready for an emergency on the physical level is a good first start. It’s a good idea to gather your emergency supplies so that you are physically able to deal with an emergency when it strikes. Credit card with an adequate limit.

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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 $$$ We will cash flow a FAMILY TRIP TO DISNEY.

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