Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. Plus, I was getting antsy for a new car. Update our Debt Freedom Plan to reflect lessons learned during this crisis.
Saving In Akron
MARCH 9, 2011
After being run ragged for 5 days running everyone around, I finally got my new car. So thank you all for being patient with me while I got this car fiasco taken care of. We are so happy to have a new car, but my husband still thinks he wants to try and fix his car. I did not go into debt for this vehicle.
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Prairie Eco-Thrifter
AUGUST 10, 2014
” The same is true of a car. Most of us can’t just pull out cash for a new car when the old one is totaled. “If you have someone who relies on you for financial support, or if you have outstanding debts and don’t want to leave your family with that debt, you need life insurance.”
Family Balance Sheet
MAY 27, 2015
Today’s Debt Free Story is from Olivia. We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off? What kind of debt was it? We paid off a total of $118,000 debt. He does not do car payments.
Prairie Eco-Thrifter
OCTOBER 21, 2012
Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. ” Jay from Daily Fuel Economy Tip shares How to Save on a New Car , and says, “Are you in the market for a new car? ” Jacob from Dwindling Debt asks Do Overdraft Chargers Affect Your Credit.
Savings Corner
DECEMBER 25, 2023
Edmunds recommends that a new car payment be no more than 15 percent of your monthly take-home pay. A used car payment should be no more than 10 percent, but that number varies by expert. Lenders will look at your debt-to-income ratio, or DTI. Your income also matters if you are trying to get approved for a loan.
Finally Frugal
JANUARY 17, 2011
I'm pretty sure I've mentioned my 15 (almost 16) year old 'beater' car, which I'm trying to keep running until I'm debt-free. I was a few blocks from a dealership, and in my panic I drove in there and just left it in the service bay (but not before the salesmen tried to sell me a new car). Bad, bad, bad.
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