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. We never stopped taking vacations, but our trips were mostly camping in our pop-up or renting a beach house with other families.

Debt 100
article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Tim from How to Make Bankable Savings discusses Buy Versus Rent: Non-Financial Considerations are Ke y The decision to buy or rent your home involves more than a financial analysis. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? “The family is a haven in a heartless world.&#.

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

Family Balance Sheet

I could barely afford my $600 rent payment, which was in a horrible neighborhood. 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.

Debt 227
article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. This could be your rent/mortgage, utilities, loan payments, anything that has a due date. Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs.

Budgeting 133