Prairie Eco-Thrifter

MAY 21, 2013

If you don’t have an emergency fund in order to make at least the approximate payment of your anticipated mortgage and expenses, you are not ready to make the leap into home ownership. Tax considerations are also important because of the deductions and depreciation savings that can come with owning your own home.

Home 186

Home Emergency Fund Buy Buying 186

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. Increase your savings and investments instead.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Family Balance Sheet

MAY 21, 2021

Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office.

Debt 130

Debt Goals Debt Free Pay Off Debt 130

Prairie Eco-Thrifter

MAY 26, 2016

Helping the parents teach my grandchildren to save is an ongoing project of mine. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Trepidation about having the grand-kids open a savings account. Six measly cents.

Money 124

Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

FEBRUARY 4, 2014

My husband and I were graduate students with loans and credit card debt, and we were certain that a higher income would solve all of our problems. We knew we wanted to save for retirement, and that we wanted to keep giving to charity. However, this isn’t always the case. We sat down and decided what our priorities would be.

San Francisco 248

San Francisco Emergency Fund Money Utah 248

Prairie Eco-Thrifter

JULY 4, 2011

Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. Anon from Gen Y Capitalist tells Why It’s Better to Travel NOW Rather Than Save For Later. Ryan from The Financial Student talks about Getting Rid of Student Loans. A plan B is a must in any home. He’s right.

Personal Finance 240

Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

MAY 25, 2014

When I’d do things like take out student loans even though I had a full-tuition scholarship and a sweet part-time job in the university cafeteria. Me from 15 years ago would get an earful about what not to do, and advice on budgeting and saving and staying out of debt. Or put yet another trip to Las Vegas on the credit card.

Money 209

Money Giving Las Vegas Credit Card Rewards 209

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) After we got a taste of life without credit card debt, I wanted to pay off my student loan. While I was paying off my student loan I kept hearing about this Dave Ramsey guy, so read up on that method.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

FEBRUARY 2, 2017

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Her 2017 goal is to save $20,000 in cash. Elle and her husband paid off a car loan and saved cash for their next car. Make it visual.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

JANUARY 3, 2012

This includes our mortgage and my husband's student loan. Increase Family Emergency Fund to Six Months Salary. Increase Family Emergency Fund to Six Months Salary. Currently, we have about 3 months salary saved, but we are self-employed and should have a six month security net. Review our Retirement.

Financial Goals 127

Financial Goals Goals 2012 Emergency Fund 127

Family Balance Sheet

JANUARY 26, 2016

At the time, we had 4 business loans and 1 student loan that were weighing on us, so we created our Debt Freedom Plan. We have a retirement to plan , our daughters’ college to save for, and many places to visit. We will continue to save for travel and it is already part of our budget. Home Projects. The Game Plan: 1.

Financial Goals 100

Financial Goals Goals 2016 Debt 100

Family Balance Sheet

JANUARY 20, 2017

medical bills, a small credit card, both of our cars, and student loans. cars, and finally our student loans. emergency fund, so we started throwing what little extra we had straight. What are your top 3 – 5 tips for saving money/pinching pennies to put. Not to mention all the money we save.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Family Balance Sheet

FEBRUARY 4, 2015

As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. We bought into the myth that student loan debt is “good debt” and that it was better to “invest” in buying a home instead. I imagine that we will start saving for a house soon though.

Debt Free 100

Debt Free Debt Financial Goals Budgeting 100

Family Balance Sheet

SEPTEMBER 29, 2016

We had two student loans that still had balances, even though we’d already been paying on them for 10 years. We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement).

Debt 100

Debt Debt Free Budgeting Budget 100

Family Balance Sheet

JANUARY 21, 2015

We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. The money that we save can be either put back into my business or invested for retirement. I am the nerd.

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

JANUARY 17, 2018

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Move up the Student Loan Payoff Date. Save for a camper upgrade.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Family Balance Sheet

FEBRUARY 10, 2017

However, we have one non-mortgage loan left, the behemoth student loan that I was hoping to pay off in 2016. At that time, I couldn’t cash flow the office budget, home budget, our loans, and retirement savings. So here is our scenario: The student loan is 2.75% interest. times the amount of the student loan.

Debt 100

Debt 2017 Student 2016 100

Prairie Eco-Thrifter

JANUARY 10, 2012

I don’t have any debt, (except student loans/mortgages) so I can afford to go. Okay, congratulations on that, but have you fully funded your emergency fund? Are you saving for your future goals? Or, you could save up and use your extra cash on the down payment on a rental property.

Travel 226

Travel Debt Finance Emergency Fund 226

Family Balance Sheet

JUNE 22, 2020

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. 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. We said NO a lot.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

FEBRUARY 3, 2016

I also wanted to pay off the student loans he had, and see him graduate without occurring any more debt. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. The next goals in line would be to build up a 3 month emergency fund and save enough money to replace my car.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

JUNE 8, 2018

– other necessities: insurance, medical expenses, tithe/giving, savings, loan payments (credit cards, student, personal), Non-necessities could be: – Clothing, smart phone plan, recreation, gifts, beauty/personal, entertainment, anything that you might spend money on, but it’s not necessary for your survival.

Budgeting 133

Budgeting Budget Financial Goals Goals 133

Family Balance Sheet

MAY 27, 2015

And this is just on a mortgage, not including any credit card or student loan debt. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. We are currently saving for a new car for me. Make sure to have an emergency fund so you’re not put back into debt when something comes up.

Debt 100

Debt Debt Free Pay Off Debt Finds 100