Family Balance Sheet

OCTOBER 18, 2019

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. In 2013, we took a controversial step and stopped contributing to our retirement plans, so we could focus on steps 2-4.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

APRIL 9, 2021

The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Listed below is our original debt freedom plan that we wrote back in 2013. Our Debt Freedom Plan – written in 2013. In fact, it sucks!

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

FEBRUARY 2, 2017

Instead of writing, “I want to pay off debt” or “I don’t want to live paycheck to paycheck”, commit to “I want to pay off $X of credit card debt in 201X and I will stop using credit cards from this point forward.” We’ve been paying off non-mortgage debts since 2013.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

AUGUST 4, 2014

After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. We also were working on paying for Jon’s master’s degree and then my own masters degree, which I completed in December 2013. The first step in this diligence was paying off debt.

Debt Free 243

Debt Free Debt Goals Student 243

Family Balance Sheet

JUNE 22, 2020

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. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

DECEMBER 10, 2014

Yep, we’re newlyweds and eloped together in December 2013. The income from my extra jobs went straight to debt payments, and my regular day job paid the bills, while enabling me to build up a small amount of savings. Include anything that you’d like to add to give the reader an idea about your personality.

Debt 227

Debt Debt Free Financial Goals Goals 227