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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Wonder what sets you apart from the people that seem to crush their financial goals? These folks didn’t corner the market on goal success either, instead they just got the task DONE. Their 2017 goal is to boost their savings rate and get their expenses down to $30,000 a year as they work towards financial independence.

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Our Big Financial Goal for 2016

Family Balance Sheet

Finally, we are able to see the light at the end of the tunnel and are more motivated than ever to pay off these final two loans. Fortunately we have an emergency fund and a personal escrow account for our yearly and quarterly expenses to keep us stable, but we do need to be diligent at staying within our budget.

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Create your debt freedom plan

Family Balance Sheet

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. I felt like a failure at times.

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2019 Debt Freedom Plan Update

Family Balance Sheet

Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. We can now move on to other financial goals. 1st Update in June 2014. 2018 Update.

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Update #1: Our Debt Freedom Plan

Family Balance Sheet

Our plan is going to take us several years and I think celebrating will motivate us when the going gets long and tough. Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. What financial goals are you working towards? Let us know in the comments.

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Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. If we complete them early, we’ll move on to 2 additional goals that are on our radar. Save a starter Home Emergency Fund.

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Make Money Your Hobby

Prairie Eco-Thrifter

Find something to motivate you into becoming financially literate. It can be something financially prudent like starting a retirement account or something totally frivolous like saving for a vacation. Perhaps it would demystify it, remove the taboo, and create a better educated consumer. How to Start. Money Tips'

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