Motherhood Moments

JANUARY 18, 2023

Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Prepare your resume.

Recession 100

Recession Finance Emergency Fund Debt 100

Family Balance Sheet

SEPTEMBER 9, 2014

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

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

FEBRUARY 22, 2011

Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery. Which comes first: saving for an emergency OR paying off debt? Once that debt is paid off then start building up you emergency fund to your desired number.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Prairie Eco-Thrifter

OCTOBER 15, 2011

Darwin’s Money: Better Off Unemployed Than Working Amazingly, even high paid workers can be better off unemployed than working due to certain common circumstances. Instead of giving in, they used it as an opportunity to pay down debt! Here is a real life example.

October 200

October 2011 Finance Personal Finance 200