Remove 2012 Remove Financial Goals Remove Renovation Remove Saving
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2019 Debt Freedom Plan Update

Family Balance Sheet

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. Our 2019 Financial Goal. We can now move on to other financial goals. 1 – Save a starter Home Emergency Fund. We were trying to be responsible.

Debt 100
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Update #1: Our Debt Freedom Plan

Family Balance Sheet

Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. Over our 14 years in business, we have had to rely on our savings a few times to help cover expenses during tough months. It happened in 2006 and again in late 2012 to early 2013.

Debt 100
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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. 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. Also, the monthly mortgage payment was less than our rent payment.

Debt 130