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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. In 2013, we took a controversial step and stopped contributing to our retirement plans, so we could focus on steps 2-4.

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

Family Balance Sheet

We also were working on paying for Jon’s master’s degree and then my own masters degree, which I completed in December 2013. With tuition payments and debt payments we spent about $60,395 between January 2012 and March 2014 when we became completely debt free with two bachelor’s and two master’s degrees between us.

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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. Living a life focused on paying off debt is not always easy.

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

Family Balance Sheet

Yep, we’re newlyweds and eloped together in December 2013. How did you celebrate when you became debt free? I became debt-free on May 29, 2012 and the first thing I did was quit my job as a seasonal tax pro. Include anything that you’d like to add to give the reader an idea about your personality.

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