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

Motherhood Moments

In this blog post, we'll share some of the top financial habits that can help you improve your financial mindset and reduce your chances of falling head over heels in debt. Smart money hacks for the debt-averse individual Here are some of the easiest and most effective strategies to get you started on the road to financial success.

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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction. Some families find it feasible to make drastic cuts to non essential expenditures such as entertainment, dining out, and vacationing.

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WHY We Want to Be Debt Free

Family Balance Sheet

Why are we jumping through these hoops to be debt free? Why are we giving up nice luxuries, like cable TV and dining at restaurants? WHY do we want to be debt free? When we wrote our Debt Freedom Plan , I posted it on the refrigerator as a daily reminder for the two of us. ”, “What does debt freedom mean?”

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? Where are you from?

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Our Big Financial Goal for 2016

Family Balance Sheet

As God is my witness, it WILL be the year that we pay off the last of our non-mortgage debt. At the time, we had 4 business loans and 1 student loan that were weighing on us, so we created our Debt Freedom Plan. Apply any Found Money to Debt. I’ll apply that money to the debt. Do you want to eliminate debt too?

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Best Balance Transfer Credit Cards of December 2023

Savings Corner

Wells Fargo Reflect® Card When you’re staring at a lot of high-interest credit card debt, you might be thinking you need as long as you can get to pay it off. Chances are good if you’re dealing with existing high-interest debt, you may also need a break on new purchases. That’s where a card like this shines.

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Reader Story: It’s Never too Late to Start: Personal Finance Planning for Over-40s

Prairie Eco-Thrifter

There are lots of financial advisors out there who are trained in the art of financial planning , debt reduction and other financial strategies. You may need to look at some areas where you are over-spending; for me it was dining out too often and expensive entertainment.