Remove 2016 Remove Debt Remove Emergency Fund Remove Garage
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Our Big Financial Goal for 2016

Family Balance Sheet

2016 will be THE year. As God is my witness, it WILL be the year that we pay off the last of our non-mortgage debt. That was the month I didn’t know if we had enough funds to cover our expenses. At the time, we had 4 business loans and 1 student loan that were weighing on us, so we created our Debt Freedom Plan.

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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. After the first year, the new business debt weighed on me.

Debt 130
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Our 2018 Financial Goals

Family Balance Sheet

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. I want to go through our basement, closets, and garage to look for unused items that we can sell. I’ll apply that money to the debt. You can read my original post: Our Debt Freedom Plan Begins. 2016 Update.