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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. This week I am reminding you all about those special people in your life- your family. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Families are our rock, our support system, and our fans.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. It took us six years to pay off our non-mortgage debts once it became a priority.

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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

Together they paid off $23,000 in 16 months. Tell us about you and your family. Include anything that you’d like to add to give the reader an idea about your personality. What inspired you to get debt free? That inspired me to be intentional with my finances and to follow Dave’s six steps. Where are you from?

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Create your debt freedom plan

Family Balance Sheet

There were a lot more fun and purposeful things we could have done with that money than pay the lender. After the FPU class, we looked at our debts differently. 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. A guiding light!

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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

Together they blog about becoming debt free and location independence in order to serve the world at Life with a Mission. Tell us about you and your family. Include anything that you’d like to add to give the reader an idea about your personality. What inspired you to get debt free? Who initiated the debt free goal?

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

Family Balance Sheet

After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Tell us about you and your family. Include anything that you’d like to add to give the reader an idea about your personality. But it wasn’t a decade of nothing but paying off debt.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. It is a lot.