Remove Debt Remove Eating Out Remove Office Remove Work
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. So we got to work!

Debt 130
article thumbnail

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

Family Balance Sheet

Today’s debt free story is from Aja. I own a software consultancy that I run from home and my husband is a letter carrier with the post office. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid off about $110K worth of debt. Where are you from?

Debt 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.

Debt 130
article thumbnail

25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. If you are self-employed, work for a company or in an industry that is unstable, or maybe you or someone in your family has medical issues, you might want to save 6-12 months of expenses.

article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. We had quite a bit of momentum coming out of 2015 and I never doubted our own abilities. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan.

Debt 100
article thumbnail

5 Ways to Trim Your Budget For Your Child’s College Fund

Prairie Eco-Thrifter

But those can saddle your children with debt for 20 years or more! Knowing exactly how much income is going out towards bills, unplanned expenses, and splurges is the first step in saving for a college fund. Place these copies in the home office and make them readily available for review at any time. Eating Out.

College 100
article thumbnail

Meet a Reader | Biker Liz

The Frugal Girl

My degree is in mechanical engineering, but I’m just starting a transition to nursing – before I got pregnant with my son, I was working as a nursing assistant while my husband finished grad school, and planning to go on to nursing school. She’s still exploring herself and the world to figure out her path!