Financial Peace Series: Step 3

Baby Step 3 3 to 6 months of expenses in savings Once you complete the first two baby steps, you will have built serious momentum. But don’t start throwing all your “extra” money into investments quite yet. It’s time to build your full emergency fund. Ask yourself, “What would it take for me to live […]

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Financial Peace Series: Step 2

Baby Step 2 Pay off all debt using the Debt Snowball List your debts, excluding the house, in order. The smallest balance should be your number one priority. Don’t worry about interest rates unless two debts have similar payoffs. If that’s the case, then list the higher interest rate debt first.The point of the debt […]

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Financial Peace Series: Step 1

Baby Step 1 $1,000 Emergency Fund An emergency fund is for those unexpected events in life that you can’t plan for: the loss of a job, an unexpected pregnancy, a faulty car transmission, and the list goes on and on. It’s not a matter of if these events will happen; it’s simply a matter of when they will happen. This […]

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7 Baby Steps for Financial Success

   Before I took Financial Peace University: I was really dumb with money, I wasn’t good about paying bills on time, I had just about $50,000 worth of debt (not including our house) and had too much ”stuff.”  My husband and I basically lived paycheck to paycheck and we decided that we made too much […]

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Cut Your Grocery Bill in Half

Photo from DealstoMeal.com/Blog    Before I did a written budget (see post here) I used to spend close to $900 a month to feed my husband and I. It was a lot of food wasted, buying produce out of season and eating out. I quickly realized this was a huge waste of our money and I […]

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