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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. 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. Our first storm: 2007.

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

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? They blog at 2 Copper Coins.

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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. After the first year, the new business debt weighed on me.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. We had quite a bit of momentum coming out of 2015 and I never doubted our own abilities. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan.

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Meet a Reader | Biker Liz

The Frugal Girl

We had to sell it less than 3 years after buying it, and between that and the market timing (bought in 2009, sold in 2012), we were lucky to come out of the whole situation with our original mortgage paid off completely by the sale! I was in 4th grade, and had 2 younger siblings when they began their debt-repayment journey.

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Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

The College Investor: Start Automatic Investing in 2012 – How you can automate your investing in 2012 the easy way. The Debt Princess: The Kool-Aid Effect: The Relationship Between the Poor & Nutrition – A look into how the working poor are eating unhealthy. I promise you it will be worth your time.