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2019 Debt Freedom Plan Update

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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. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

Debt 100
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Our 2019 Financial Goal

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Save $10k in a savings account, specifically earmarked for medical expenses. I have yet to write a Medi-Share recap for 2018, but our goal was to replenish the healthcare savings account that we depleted in 2017. Before we wrote our Debt Freedom Plan in 2012, I couldn’t see the forest through the trees.

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How to Build your Emergency Fund

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This post was first published in 2016. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. Both books provided the blueprint for Our Debt Freedom Plan. need to redirect this link. Your future self will be grateful. . Where Should the Money Go?

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Over 40 and Worried about Money? Start here!

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You work until you are 65 and then retire. Work for the same company for 35+ years. Another friend chimed in, “we’ll never stop working, retirement isn’t possible.” ” Recently Go Banking Rates conducted two studies on savings rates with startling results. Many are thinking outside the box.

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Our 2018 Financial Goals

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2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. I’ll apply that money to the debt. 2016 Update.