article thumbnail

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

Family Balance Sheet

Welcome to Debt Free Stories. Tell us about you and your family. 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. What are the top 3 – 5 ways you found money to put towards debt.

Debt Free 241
article thumbnail

5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

It can be a hard number to come to terms with, but sticking your head in the sand won’t get you to debt freedom. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. 2 – Create your Debt Freedom Plan. This list became our personal Debt Freedom Plan.

Debt 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Tell us about you and your family. How much debt did you pay off? Where are you from?

Debt 236
article thumbnail

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. . Use your math skills to define your dream life. Auction those items that you are not using anymore.

Debt Free 235
article thumbnail

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. After the FPU class, we looked at our debts differently. It took us six long years from the time we made this plan a priority.

Debt 130
article thumbnail

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. You will need to handle them first, even if your emergency fund is nonexistent.

article thumbnail

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

Family Balance Sheet

Today’s Debt Free Story is from Shannon. Tell us about you and your family. As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. By the grace of God, it took us just under 9 months to pay it off. What inspired you to get debt free?

Debt Free 100