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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. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Darwin from Darwin’s Money asks Are You Better Off Than Your Parents?

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5 Essential Money Tips for Newlyweds

Prairie Eco-Thrifter

Being a newlywed means you have a few things to get used to, and that includes the way you handle your finances. As you begin to navigate the waters of newlywed finances, here are 5 money tips that can help you out: 1. Many couples struggle with trying to figure out whether or not to combine finances. Set Goals Together.

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Create your debt freedom plan

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We thought we were doing really well. Debt is Dumb and Cash is King.”.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

Today’s Debt Free Story is from Charissa. She helps readers gain control of their finances and live well on a budget at her blog Cook with a Shoe . Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? I initiated paying off the debt.

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

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Yes, I did follow a few of Dave Ramsey’s strategies, but I also starting reading other finance blogs to see how they paid off debt so quickly. Another book that really helped was The Debt-Free Spending Plan by JoAnnah Nagler. Her ideas were simple to implement and only took a few minutes a day.

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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

Today’s Debt Free Story is from Acadia. She writes about simple living, parenting and her family’s foster story at Fostering Simplicity. We save and try to manage our finances, but do so with an openness to give money away as well. If married, who initiated the debt free goal? Where are you from?

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