Penny Pinchin' Mom
DECEMBER 17, 2023
So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times. You are one emergency short of losing track of your finances. appeared first on Penny Pinchin' Mom.
Family Balance Sheet
NOVEMBER 5, 2014
Was there a particular event? I went through Dave Ramsey’s Financial Peace University when I was 18 years old. When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free. I focus more on the big picture (saving for a house, vacations, emergency fund, etc.)
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Prairie Eco-Thrifter
MAY 30, 2012
I’m sure everyone can name many little things that have more meaning than a big event in their lives. The same can be said about finances – it is often the little things you do, the small actions you take, that have the biggest impact on your financial security, both in the present and in the future.
Family Balance Sheet
JUNE 11, 2014
Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. Being self-employed, we need to have a cushion for business expenses in the event that something happens, such as a tough sales month or our furnace/AC breaks. What financial goals are you working towards?
Family Balance Sheet
SEPTEMBER 9, 2014
Was there a particular event? 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? Get creative. Ask for help.
Family Balance Sheet
FEBRUARY 4, 2015
Was there a particular event? 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. What are your financial goals now? We aren’t quite ready to dive head first into another financial goal.
Family Balance Sheet
JANUARY 21, 2015
Was there a particular event? What are your financial goals now? We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free?
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