After establishing an emergency fund, my wife and I began to eliminate our debt. Here’s what we did. We made minimum payments to all of our creditors. We never missed a payment and all payments were made on-time. We listed our creditors in order, by balance owed, smallest to largest. We attacked the first balance on our list, by sending…
Author: NCN
Establish An Emergency Fund
When my wife and I decided to get out of consumer and credit card debt eight years ago, the first thing we did was establish an emergency fund. Our reasoning, based on the awesome book – The Total Money Makeover – was quite simple. We wanted to be able to deal with unforeseen expenses without adding to our credit card…
Save Money And Consume Less In The Kitchen
I love coupons, and routinely use them to save money on groceries. However, I think that it is also important to focus on, shall we say, post-purchase frugality. Start with smaller portions – We are a family of five, with three children. Often, our kids will put more on their plates than they can actually eat. Start them off with…