article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

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. Oh, and I turned 47 and my husband turned 55 in 2016.

Debt 100
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. Small home = Low Expenses. Health Sharing Ministry. Our premium dropped $500 a month in the first year.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Create your debt freedom plan

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We thought we were doing really well. But Dave Ramsey’s view of debt is very different.

Debt 130
article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

” Spending is up, but saving isn’t, according to the Bureau of Economic Analysis April 2016 news release, “Personal saving — DPI [disposable personal income] less personal outlays — was $751.1 .” The survey released in 2010 indicated: “Average annual expenditures per consumer unit1 fell 2.0