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7 Ways to Spring Clean Your Finances

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Do our goals still make sense now that we’re in the trenches of the new year? Take some time to review your yearly financial goals. SMART goals are: S – specific. Check your Credit Report. Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228.

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7 Ways to Spring Clean Your Finances

Family Balance Sheet

Refresh your memory with what you were thinking at the beginning of the year and review your yearly financial goals. You’re now in the trenches of the new year, do those goals still make sense? When reviewing your goals, did you use the S.M.A.R.T. Check your Credit Report. photo credit. R – realistic.

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Shannon & Her Husband Paid off $22,000 in 9 Months

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We also continued using debit and credit cards (paid in full multiple times per month) for the convenience of tracking our expenses online. We have never carried credit card debt during our marriage, so we felt comfortable that it wouldn’t be a temptation. If married, who initiated the debt free goal?

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

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The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Who initiated the debt free goal? What are your financial goals now? How long did it take you?

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Create your debt freedom plan

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Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We agreed that credit card debt wasn’t very smart, but a car loan? Increase business emergency savings.

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25 Ways to Find Money for Your Emergency Fund

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Our emergency fund has saved us countless times and it will save us once again with the truck. And while I don’t like parting with our money, I am grateful that this repair won’t send us into financial distress. To kick start your emergency fund savings, take the next 31 days and challenge yourself to find $1000.

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

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We also had four credit cards, two lines of credit, and a car loan. We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement). We owed money to just about everybody.

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