Family Balance Sheet
MAY 6, 2020
How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. This new business debt weighed on me. I decided to use Dave Ramsey’s 7 Baby Steps as a guide and I wrote our first Debt Freedom Plan. Storm #2: 2013.
Family Balance Sheet
APRIL 11, 2020
We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me. I will eventually buy a machine, but for now, my morning coffee is secure.
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Family Balance Sheet
FEBRUARY 6, 2021
The backstory: In November 2019, my van was in need of new tires and I was debating on whether to get the new tires or start looking for a replacement vehicle. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted. We…took out a car loan. Yes, you read that correctly!
Savings Corner
DECEMBER 24, 2023
To calculate your net worth, take inventory of what you own, as well as your outstanding debt. On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers. Or, you can think of net worth as everything you own less all that you owe.
Family Balance Sheet
JUNE 22, 2020
In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.
The Frugal Girl
DECEMBER 11, 2023
I think I started reading FG regularly in 2018 or 2019. In my 20’s, I finally had a “real” job and wanted to buy a newer car. and realized we should pay off this debt as quickly as possible. canned peaches = summer in a jar 2. How long have you been reading The Frugal Girl? homemade bagels!
Family Balance Sheet
JANUARY 17, 2018
This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. I’ll apply that money to the debt.
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