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Create your debt freedom plan

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We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. How to Build your Emergency Fund.

Debt 130
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How We Paid off Six Figures of Debt

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In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

Debt 130
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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

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We then celebrated by going out to get ice cream, and used a gift card. What are your financial goals now? Right now, the main goal is to finish saving up all the money my husband needs to finish school, which should be done later this year.

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