Family Balance Sheet

FEBRUARY 23, 2016

It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. And with fingers crossed, hard work, and much prayer, 2016 will be the year we taste freedom.

Debt 100

Debt Goals 2016 Calculators 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. The post How to Save Money in 2016 appeared first on Saving Cents With Sense. Happy New Year!!

Saving Money 40

Saving Money 2016 Money Pay Off Debt 40

Family Balance Sheet

OCTOBER 18, 2019

Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. 2016 & 2017 Update. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

APRIL 9, 2021

Our non-mortgage debt was in the six figures and included a student loan and business loans. We used Dave Ramsey’s debt snowball method. | We originally (and naively) estimated that we would be done by end of 2016, however, 2016 was not been kind to us, and we moved this goal into 2017. Paying off debt is not fun.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

FEBRUARY 2, 2017

Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. She hit that goal in September 2016. Elle and her husband paid off a car loan and saved cash for their next car. That’s a lot of time, but our non-mortgage debt totaled six figures, so we broke our debt into smaller chunks.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. Our current priority is to pay off our last non-mortgage loan (our step 4). 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

JUNE 22, 2020

While we don’t regret the decision to pause retirement contributions, since it’s a big reason why we were able to pay off so much debt, we did start to feel uneasy. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. Health Sharing Ministry. How do you eat an elephant?

Debt 130

Debt Health Insurance Insurance Budgeting 130