Remove 2016 Remove Budget Remove Eating Out Remove Renovation
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. 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. We didn’t have enough cash though and would need to take out a partial loan.

Debt 130
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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. Also, the monthly mortgage payment was less than our rent payment. Groceries.

Debt 130
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Our 2018 Financial Goals

Family Balance Sheet

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’d like 2018 to be the year that we clean out our clutter. However, there are a few things that we will not give up so I will need to include them in our budget.