Learning to Save & Pay Off Debt | Guest Post

Saving Cents With Sense

I was raised with frugal parents that tried to install in me proper money management and even though I always paid off everything on time, I never managed to save money. Then more than a year ago something in me changed after a health scare and I realized that it’s important to pay off debt and save more than ever. I’m currently taking care of my debt one month at a time. However, I know now that paying off debt is more important.

Thrifty Thinking: How Older Adults Can Pay Off Their Debt

Motherhood Moments

As adults approach retirement, more are turning to debt to make ends meet. In 2020, retirees’ non-mortgage debt more than doubled to $20,000, according to the latest State of Retirement Finances report from Clever. Debt can delay your retirement dreams and cause undue stress in your golden years,” said Michael Sullivan, a personal financial consultant with Take Charge America, a nonprofit credit counseling and debt management agency. Explore debt consolidation.


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Recycle USA Printable Coupon: Get 2 Cents More Per Pound on Aluminum

Birmingham Bargain Mom

This is a great way to earn extra cash towards bills, paying off debt or even special vacations -- selling metal or aluminum cans. Bargains Deals Earning cash

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. 1 – Calculate your debt.

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Where I found money in February

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This trip was a reward for our years of paying off six figures of debt , and we were going to pack a lot into our week.

Where we found money in March 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. We use this credit card for almost all of our business expenses and we pay it off every month. Finding extra money is a game for me.

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Remember, Slow and Steady Wins the Race

Prairie Eco-Thrifter

The hare got off to a speedy pace and seemed to be a sure win, but in the end he didn’t, did he? 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? When it comes to debt, start off with a payment that allows you to still pay off your monthly bills.

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Where we found money in April

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Years ago during our Debt Freedom Plan, I avoided using credit cards, not because we had credit card debt, but I was trying to limit our overall spending.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Today’s Debt Free Story is from Olivia. We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off? What kind of debt was it? We paid off a total of $118,000 debt. It took us 33 months to pay it off! I was 24 years old when we paid it off. Two catalysts that helped set us up to pay it off quickly: 1.

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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. I am a free-lance sign language interpreter, putting my husband through engineering school by paying cash. How much debt did you pay off? What kind of debt was it? We paid off $7,665 worth of credit cards, school loans and a car loan. We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free?

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

Family Balance Sheet

Welcome to Debt Free Stories. Together they paid off $23,000 in 16 months. How much debt did you pay off? What kind of debt was it? We paid off just over $23,000 in one year and four months. The debt consisted of my student loans and a car loan. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free. Debt Free Stories

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

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. have barely any bills and be able to live off passive income. How much debt did you pay off? What kind of debt was it?

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Cool Things I Read This Week

Prairie Eco-Thrifter

Reader Asks About Selling Home to Pay Off Debt – [link] I agree. Paying Debt vs. Saving Money [link] I say pay off debt. Tweet. 0 saves Save. Cool Things I Read This Week [link] #. 6 Ways to Save Money On a Gym Membership [link] #. RT @ wisebread Houses You Can Build Yourself | Wise Bread [link] Going to consider this if we decide to change residence. #.

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2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. 4 – Pay off all Non-Mortgage Debt. | DONE September 2019!!!

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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

Today’s Debt Free Story is from Lydia. She blogs about living a limitless life on a limited budget at Frugal Debt Free Life. How much debt did you pay off? What kind of debt was it? We paid off $36,000 in student loans, credit cards, cars and a bit of medical debt. What inspired you to get debt free? Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? Debt Free Stories

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Friday Links – Win an iPad Mini Edition

Prairie Eco-Thrifter

My friend Jackie over at The Debt Myth has created a Pay Off Debt App which I think is very cool. She has lived the journey of being sunken in debt and then freeing herself and now she is trying to help others do the same with her new app. Head over to Invest It Wisely’s post about the 5 Fees You Should Never Ever Pay. He wonders about the trade off with the time required to clip coupons being worth it in his Are you chasing the coupon dream?

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

I watched her and her husband’s debt free scream on The Dave Ramsey Show. You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! Angela & Jeff’s Debt Free Story. How much debt did you pay off? What kind of debt was it? worth of debt. We had two student loans that still had balances, even though we’d already been paying on them for 10 years.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

Today’s Debt Free Story is from Richard of Frugality Magazine , where he shares frugal living tips for financial freedom. How much debt did you pay off? What kind of debt was it? In total I estimate I paid off round $40,000 worth of debt, though depressingly a fair chunk of that was just interest. I left university, as so many do, with a fair chunk of debt. What inspired you to get debt free? Debt Free Stories

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Create your debt freedom plan

Family Balance Sheet

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different.

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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Are you ready to crush debt this year? We’re going to give it everything we’ve got and hopefully pay off the last of our non-mortgage debt by the end of this year. It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. 5 Steps to Crush Debt in 2016.

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Find out how Jessica & Her Husband Paid off $175,000 of Debt

Family Balance Sheet

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? Total, we paid off $175K in 2 years!! 130K in mortgage debt. 10K in car payments, $35K in credit card debt. We made the decision to tackle our debt back at our home church in Chattanooga. What inspired you to get debt free? My husband has always been the one who has felt the full weight of our debt. Debt Free Stories

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5 Essential Money Tips for Newlyweds

Prairie Eco-Thrifter

Whether you want to pay off debt or save for retirement or get a new TV, you have to be in agreement on the big stuff. Being wary of debt (and paying it down if you have it). When you first contemplate marrying the love of your life, everything seems just right. You believe you can put up with anything, and you think that any difficulties can be smoothed over if you face them together.

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Friday Links – Fridays Are Just Another Day

Prairie Eco-Thrifter

Paying off debt is hard to do. Read John’s post about his stumbles on the way to paying off his debt at The Money Principle. Happy Friday Everyone! I wish I could say that with my usual vigour but lately the weeks have been running into the weekends. Friday is just another day of chaos. I am still crazy swamped. I know it seems like the same old story and I am sure you are tired of hearing it but this is how I seem to be rolling these days.

What are YOUR Financial Goals? | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Earlier this year, my husband and I wrote a specific list of financial goals and named it Our Debt Freedom Plan. Is it to pay off your house? Pay cash for a trip to Hawaii or your kids’ education. Or maybe you want to pay off (and cut up) your credit cards.

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

Family Balance Sheet

Today’s Debt Free Story is from Amanda & Daniel. Together they blog about becoming debt free and location independence in order to serve the world at Life with a Mission. How much debt did you pay off? What kind of debt was it? We paid off $68,000 of debt in eight months. The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card.

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

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. Elle and her husband paid off a car loan and saved cash for their next car. Maureen eliminated $79,000 of credit card and student loan debt less than 3 years.

The Prairie Eco-Thrifter Giveaway Extravaganza Winners

Prairie Eco-Thrifter

Pay Off Debt App (sponsored by The Debt Myth ) Lisa K. $20 Many thanks to all who entered my two year blogiversary giveaway ! There were nearly 4,000 entries. A hearty thanks also goes to our generous sponsors who made it possible to host such a large giveaway. Here is the list of prizes as well as the winners: iPad (sponsored by Prairie Eco Thrifter and Sustainable Personal Finance ) Nicole D. $25 25 PayPay Gift Card (sponsored by My Broken Coin ) Nikki H. $25

How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Our Debt Freedom Plan

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Rules of thumb are often used to make various financial decisions.

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Are You Making These Five Retirement Planning Mistakes?

Prairie Eco-Thrifter

You might pay taxes on the money now, but you avoid taxes on the earnings later. And plan to pay more in taxes than you expect. Yes, you might pay off debt and have fewer of those types of obligations. Even in Canada, there is a good chance that you will have to pay some of your health care costs as you age. We all make mistakes. However, some mistakes can impact us more than others.

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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. Louis neighborhood is within walking distance to the zoo and a couple of parks, so I enjoy walking with the kids each day to let them run off some energy and I get a little workout in too. How much debt did you pay off? What kind of debt was it? All of our debt was $97,000 in student loan debt. We ended up buying a house from a relative, which put us in even more debt. Pay cash.

Ways to Beat Lifestyle Inflation

Prairie Eco-Thrifter

On top of that, now, I don’t have to pay tuition. I still have debt to pay off and want to buy a house, so all of that inflation money could go toward saving or paying down debt more quickly. Keep Your Goals in Mind When your income increases or expenses drastically decrease (like when you pay off debt), keep your goals in mind. Why were you working so hard toward making more money or decreasing your debt?

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. We charted out our course of action to pay off debts and start saving for retirement. Our current priority is to pay off our last non-mortgage loan (our step 4).

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. I had planned to pay it all off in 2.5 It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt.

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

Family Balance Sheet

Today’s Debt Free Story is from Carrie. How much debt did you pay off? What kind of debt was it? After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. It took just over a year (14 months to be exact) before I paid off all my debts and became debt free! What inspired you to get debt free? Who initiated the debt free goal? Debt Free Stories

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Secret tips to creating an online savings budget – Is this the way to financial freedom?


Check out this guest post by Angela from Debt Consolidation Care: It needs no mention that budgets and savings play a pivotal role in assisting consumers in paying off debt. Here are some secret tips in creating a budget that can rejuvenate your personal finances and become debt free. You must always remember that creating a budget does not mean cutting off all the fun from your life. This will help you stay out of debt. Want financial freedom?

Spending Your Tax Refund on Smart Splurges

Nicoles Nickels

While good budgetary moves are to save or pay off debt, spending that money on something pleasurable and financially worthwhile for the future can be just as wise. If there’s one thing that people hate doing the most, it’s their taxes. But with tax time comes that welcomed question – “what to do with my tax refund?”

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It Really Does Get Better

Prairie Eco-Thrifter

Are you so far in debt that you think you’ll never get out? Do you believe that what you are doing will never pay off – that you will always be financially insecure? Getting there is not just about executing a debt reduction plan or earning passive income. Paying off debt is great but having no quality of life in the process is not the way to do it. This post was written by Marie. .

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

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. Do you feel like you have more month than money?

Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. We also were working on paying for Jon’s master’s degree and then my own masters degree, which I completed in December 2013. What inspired you to get debt free?

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Saving Tips & Free Crediting Monitoring

For the Mommas

Saving more (52%), spending less (19%) and paying off debt (19%). One of the easiest and most overlooked ways to spend less is by re-evaluating your debt and improving your credit score. Paying Off Debt. After taking a look at your holiday shopping credit card bill, you may (unsurprisingly) groan and vow to pay off your debt as quickly as possible. Consider using an interest rate calculator to determine how much you should pay.

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Which comes first: saving for an emergency OR paying off debt? Many personal finance experts believe in building an emergency fund to $1000 to get started and then pay off consumer debt. Once that debt is paid off then start building up you emergency fund to your desired number.

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? and says, “The big debt clock is over $14 trillion now, but this other one is approaching $1 trillion, and may affect you more directly.&#. Some people find themselves buried under student loan debt with little chance of ever paying it off.