article thumbnail

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

Family Balance Sheet

Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. Who handles the day-to-day finances in your home or do you work on it equally? I focus more on the big picture (saving for a house, vacations, emergency fund, etc.) We do it together.

Debt Free 241
article thumbnail

How We Frugal-ed in June 2023

Family Balance Sheet

I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. I received a quick response that they would reimburse us for the unused tickets from Philly to Harrisburg, which equaled $400 and more than covered the rental car. The money hit our account in April.

Frugal 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

Debt Consolidation Calculator | Bankrate

Savings Corner

Personal loans A personal loan is an unsecured loan that, unlike a credit card, has equal monthly payments. If you borrow from savings, you may be left without an emergency fund to cover unexpected expenses in the future. It is also important to note that only some types of debt can be consolidated.

Debt 52
article thumbnail

How to Live your Dream Life Debt Free

Prairie Eco-Thrifter

If you wish to live your dream life debt free then equalize your definition of “dream life” with the basic concept of basic mathematical operations that you learned in Grade 1. Remember that 1+1 equals 2 and it can never be 3. If you stop smoking, you can use that money to fund your emergency fund. What is 1+1?

Debt Free 235
article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously. Who handles the day-to-day finances in your home or do you work on it equally? Get creative. Ask for help.

Debt 236
article thumbnail

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

Family Balance Sheet

emergency fund, so we started throwing what little extra we had straight. First, we will save our six-month emergency fund. Did you follow a particular debt freedom plan or book, such as Dave. Ramsey or Debt-Proof Living? We followed most of Dave Ramsey’s principles. We already had a small. towards debt. We usually.

Debt 100
article thumbnail

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

Family Balance Sheet

Who handles the day-to-day finances in your home or do you work on it equally? We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. We rarely argued about finances since we paid the decision to be debt free. We were blessed to have a relatively smooth ride. I am the nerd.

Debt 100