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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. This new business debt weighed on me. Our first storm: 2007. Storm #2: 2013.

Debt 130
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

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. We just finished paying off our non-mortgage debts and now we were considering taking out a car loan. Cash is King.

Budgeting 246
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Best Way to Spend Tax Refund

For the Mommas

Best Way to Spend Tax Refund. When that time of year arrives that you receive a nice large amount of refunded tax money, it can be tempting to immediately go on a shopping spree. Get Rid of Debt. Although this may be one of the least exciting ways to spend your tax refund, it makes the most sense.

Taxes 40
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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. How much debt did you pay off? What kind of debt was it? It took us four years, but we paid off over $80,000 of debt! We are debt. debts one by one. What inspired you to become debt free?

Debt 100
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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. At the point when we finally got serious about paying off our debt we had $22,047 left.

Debt Free 100
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Are You Heading for Financial Disaster?

Prairie Eco-Thrifter

Like I state on my About page , I was in debt and living a life that didn’t satisfy me. Statistics show that nearly one in two Americans are in serious financial problems due to their debt levels. Also include an emergency fund and contributions to a retirement account, even if just small amounts at first.

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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. ” Harry Sit from The Finance Buff asks Tax Efficiency: Relative or Absolute? , When you can’t fit all your investments into tax advantaged accounts, which investments should be given priority: stocks or bonds?