Remove 2012 Remove Pay Off Debt Remove Rent Remove Saving Money
article thumbnail

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. Once that is complete, all extra money will be split between #6, 7, 8, 9… at least that is the plan for now.

Debt 100
article thumbnail

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. Also, the monthly mortgage payment was less than our rent payment.

Debt 130
article thumbnail

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

Family Balance Sheet

I could barely afford my $600 rent payment, which was in a horrible neighborhood. I also found small ways to earn extra money, specifically flipping yard sale finds for a profit on eBay. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt.

Debt 227