article thumbnail

5 Essential Money Tips for Newlyweds

Prairie Eco-Thrifter

Get to the Bottom of Your Money Motivations. First of all, it’s important to get to the bottom of your money motivations. Share things you like spending money on (things vs. experiences), as well as your reasons for some of the money decisions that you make. Decide on Separate vs. Joint Spending. Set Goals Together.

Money 252
article thumbnail

Remember, Slow and Steady Wins the Race

Prairie Eco-Thrifter

Ask yourself : Do you start saving or paying off debt with a superhuman resolve- determined to avoid all temptation- only to fall off the wagon and give up hope in a matter of a few days? I started making smaller consistent payments that I could afford month after month and before I knew it my debt was gone.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Family Balance Sheet

Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We have led 7 sessions of Financial Peace University mostly to keep ourselves motivated. What are the top 3 – 5 ways you found money to put towards debt. Paying off debt can be done!

Debt 245
article thumbnail

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?

Debt 236
article thumbnail

How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. His 2017 goal is to make $100,000 in online income. Maureen, from The Debt Free Mess Free Life , suggests that you understand what motivates you to act unwisely and spend frivolously (if that is your situation). Make a commitment. .

article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our non-mortgage debt was in the six figures when we started this plan and included 5 loans.

Debt 100
article thumbnail

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. He makes it really simple and you should Google it if you haven’t heard of his steps. To stay motivated I would listen to the debt-free screams on The Dave Ramsey Show.

Debt 130