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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living?

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. 2 – Create your Debt Freedom Plan. After reading Dave Ramsey’s book, The Total Money Makeover , I realized that we were spreading ourselves too thin and our finances were not as great as I thought they were.

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How to Live your Dream Life Debt Free

Prairie Eco-Thrifter

Living your dream life debt free requires a simply task of going back to Grade 1 math lessons and applying the concepts. Now hold that thought and think about this: living your dream life debt free. . Basically they are spending money that they have not yet earned. How do you avoid this? Minimize “1-0”.

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Create your debt freedom plan

Family Balance Sheet

Yet after listening to Dave’s approach, I knew I didn’t want to be anybody’s slave and if I was being honest with myself, the total amount of debt payments we made every month was ridiculous. There were a lot more fun and purposeful things we could have done with that money than pay the lender. Pay Off Mortgage Debt.

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Money Anxiety. Let It Go.

Prairie Eco-Thrifter

There’s a lot of anxiety around money- not having enough, worrying it will run out, keeping it safe, etc. When I worked as a singer on a cruise ship, I made more money than I ever had before. By maintaining a cash cushion in the form of an emergency fund, I feel protected rather than anxious when returning to the unemployment line.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free. High interest charges make it harder to put money aside for saving.