Family Balance Sheet

JANUARY 11, 2016

BEFORE you invest in your retirement, you must follow Dave Ramsey’s Baby Steps that he outlines in the forward of this book to pay off your non-mortgage debts and establish a fully funded emergency savings. Currently, we are snowballing our non-mortgage debts, otherwise known as Baby Step 2. top photo credit.

2016 100

2016 Debt Finance Tools 100

Family Balance Sheet

FEBRUARY 2, 2017

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. She hit that goal in September 2016.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

JUNE 22, 2020

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.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

SEPTEMBER 21, 2015

We carried no credit card debt and we contributed to our retirement. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. The extra debt that we took on was beginning to suffocate us, so I sat down and created a step-by-step plan. I created our Debt Freedom Plan and we still follow it today.

Finance 100

Finance Debt August 2013 100

Saving Cents With Sense

JANUARY 1, 2016

I am so excited for 2016 – there will be some very big changes with my family this year. My faith is in the Lord and where He will lead us… 2016 will also be a year where my family can start putting more in savings, too. You’ll then be able to create a budget of what you want to spend. Happy New Year!!

Saving Money 40

Saving Money 2016 Money Pay Off Debt 40

Family Balance Sheet

MARCH 26, 2021

This post was first published in 2016. Both books provided the blueprint for Our Debt Freedom Plan. Later in his plan, he recommends saving 3-6 months of expenses, but only after paying off the non-mortgage debt. need to redirect this link. Your future self will be grateful. .

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 10, 2017

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. And we were on a roll in January 2016. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. I even created a hashtag, #crushingdebt2016.

Debt 100

Debt 2017 Student 2016 100

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. We have completely stopped any retirement contributions, so we can apply that money towards our debts (we had A LOT).

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

JANUARY 17, 2018

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. You can only cut so much from a budget, so to increase our cash flow, we’ll need to earn extra income by growing our small business and growing my blog. I’ll apply that money to the debt. 2016 Update.

Financial Goals 113

Financial Goals Goals 2018 Debt 113