Remove Emergency Fund Remove Financial Goals Remove Motivation Remove Re-use
article thumbnail

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. The good news is that it is possible for the rest of us to be successful too. Shannon and her husband paid off $22,000 in nine months.

article thumbnail

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. Number 4 was knocked out in 2019.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Shame on us for dragging our feet on this for too long.

article thumbnail

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

Family Balance Sheet

We live in metro Phoenix, in a 70s tract house that we’ve been gradually re-doing. 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.

Debt 236
article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

We’re typical Canadians that spend most of our free time in the fall and winter months inside arenas. We used (and currently still follow) Dave Ramsey’s Baby Steps. We have also stuck to the cash envelope method to help us control our variable spending. What are your financial goals now?

Debt 100
article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

A budget could help you avoid late and insufficient funds fees, find money for an upcoming trip or expense, and ease a disagreement over finances in a marriage. Personally, budgeting has allowed us to control of our money, reach financial goals, and start planning for our dream life. lined paper. calculator.

Budgeting 133
article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

This new strategy had us looking in the same direction with regards to our financial future and my husband was on board. We are using Dave Ramsey’s snowball method and I’m proud to say that since 2013, we’ve paid off 4 business loans totaling almost $75,000. Start college funds for both girls.

Debt 100