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Create your debt freedom plan

Family Balance Sheet

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. What’s your motivation for debt freedom?

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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

The money advice I would give a younger version of myself falls into two categories: “What were you thinking?” I wasn’t doing anything wrong back then; my family lived within our means, we had an emergency fund, and we were saving for retirement and our son’s college costs.

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2019 Debt Freedom Plan Update

Family Balance Sheet

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. Start Additional Savings Accounts.

Debt 100
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The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. We want an emergency fund. My spending plan is fairly easy to stick to. First, it involves automation. Our spending plan works because we prioritize.

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6 Steps for Creating a More Successful Career

Prairie Eco-Thrifter

This will give you an idea of how to proceed to reach your desired career situation. If you plan to quit your job, you might need to save up an emergency fund to help keep you afloat while you develop your own business. Stay Motivated. Write Out Your Plan. Do you need to update your resume?

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How to Take the Stress Out of Job Hunting

Prairie Eco-Thrifter

Ultimately, if you were the person responsible for paying the bills in your home, and you didn’t have much of an emergency fund in place, there’s a chance that you’ll need to seek out the assistance of a personal loan between you and your partner until you get back on your feet.

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Intentional Spending – Being Ready For An Emergency

For the Mommas

As a part of my Back to Basics series , I am writing a post on how to start an emergency fund. Amy’s emergency fund saved her — when her heater went out on New Years Eve. Without an emergency fund, this could have been an major financial blow. Don't miss the newest deals.