Family Balance Sheet

MARCH 19, 2014

We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. A student loan? Our non-mortgage debt is in the six figures and includes a student loan and business loans. “Debt is Dumb and Cash is King.”

Debt 100

Debt Money Emergency Fund Goals 100

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. He writes about everything from how to pay off students loans to how to get started investing. .

Home 186

Home Emergency Fund Buy Buying 186

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

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. This means that after we take care of retirement and emergency fund contributions, and after everything else is taken care of, we have enough to do what we like.

San Francisco 248

San Francisco Emergency Fund Money Utah 248

Penny Pinchin' Mom

JANUARY 16, 2024

A savings account (both long-term and emergency funds) A retirement account An investment account A current account (for day-to-day expenditure, holiday spending, and such) A loan payment account for things like student loans and credit cards These will help you track where your money is going.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Prairie Eco-Thrifter

JULY 4, 2011

Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund. Music to my ears!! Don’t worry, there are options.

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. 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.

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

Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. Jessi and her husband paid off her student loans. Once Jessi Fearon and her husband made a commitment to pay off the student loans, they developed a plan to throw everything at the debt. Her 2017 goal is to earn $10,000 a month in online income.

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.

Financial Goals 127

Financial Goals Goals 2012 Emergency Fund 127

Finally Frugal

FEBRUARY 14, 2011

Meaning that I was going to send more of my hard-earned dollars to pay down my student loan and/or my second mortgage. I can afford to pay $500 at the veterinarian because I still have an emergency fund. The month of February was shaping up to be a relatively good one, financially. I have four jobs. I'm healthy.

Emergency Fund 45

Emergency Fund Bills Cat Credit Cards 45

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. 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. 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. First, we will save our six-month emergency fund. It took us four years, but we paid off over $80,000 of debt! We are debt.

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. How long did it take you?

Debt Free 100

Debt Free Debt Financial Goals Budgeting 100

Prairie Eco-Thrifter

MAY 26, 2016

Using a student loan to get educated or re-educated in a new (presumably higher paying) field could also be a sure thing. Getting a 30 year loan now might be the smartest thing you could do financially. Getting a business loan to start and grow a company might also yield huge long tern financial results.

Money 124

Money Saving Money Lowes Grandchildren 124

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 are currently working towards fully funding our emergency fund. When I sat down and added it all up, we were facing $58,704.10 worth of debt. We owed money to just about everybody.

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 ). We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. It wasn’t until the last 2 years that we got serious. What inspired you to get debt free?

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

JANUARY 17, 2018

Move up the Student Loan Payoff Date. 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’ve paid off 4 loans, and we’re making an extra monthly payment to the final loan, a student loan.

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. That’s called midlife and we just took a 3 year break from retirement contributions……sigh… This final non-mortgage loan is my husband’s student loan from chiropractic school. Retirement.

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? That vacation you planned because you paid off your student loans is just a little sweeter than a plain old one. Are you saving for your future goals?

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. What could possibly go wrong?

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. I realized we were going to make the last payment on his student loan (our last debt), so I called my husband in to click the ‘submit’ button since it was his debt after all. They didn’t like debt, and as I grew up, neither did I.

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. Make sure to have an emergency fund so you’re not put back into debt when something comes up. If you sometimes feel different and alone in your debt free journey, you are doing exactly the right thing. It creates momentum.

Debt 100

Debt Debt Free Pay Off Debt Finds 100