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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. We met with a financial planner and he gave us a specific plan to get out of debt with a specific amount of money to put toward debt each month. What are your financial goals now?

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How We Frugal-ed in June 2023

Family Balance Sheet

My goal has always been to live well on less while achieving our big financial goals. I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. Frugal living is not about deprivation. Some months are more successful than others.

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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 initiated the debt free goal? What are your financial goals now? Get creative.

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

Family Balance Sheet

I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. Who handles the day-to-day finances in your home or do you work on it equally? What are your financial goals now?

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Meet Tracy, a Single Mom Who Paid Off $41,587 | Debt Free Stories

Family Balance Sheet

Who handles the day-to-day finances in your home or do you work on it equally? What are your financial goals now? I’m working on baby step 3 (3-6 months emergency fund) while paying cash for my new home projects. How often do you and your spouse discuss your finances/budget/spending?

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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 agree on what happens to our extra cash and discuss weekly our goals for saving and investing as well as any big ticket purchases on the horizon. What are your financial goals now? We were blessed to have a relatively smooth ride.

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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. What are your financial goals now? 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.

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