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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

MAY 6, 2020

Storm #2: 2013. August 2013 was a month that I’d like to wipe from my memory. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. January & February 2020 – Life is good!

Debt 130
Debt Emergency Fund 2007 2020 130
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How We Paid off Six Figures of Debt

Family Balance Sheet

JUNE 22, 2020

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. In 2020, we still use and are thankful for Medi-share. Our non-mortgage loans totaled over six figures.

Debt 130
Debt Health Insurance Insurance Budgeting 130
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