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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

August 2013 was a month that I’d like to wipe from my memory. Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. The numbers that looked great on paper in the summer of 2012 were, in reality, turning out to be very challenging in 2013.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

When a building in our town went into foreclosure in 2012, we considered the opportunity to own. I manage the finances for our business and our family and by August 2013, I felt the weight of the situation. However a few years ago, we found ourselves with too much debt and not enough cash.

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