Family Balance Sheet
OCTOBER 18, 2019
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.
Family Balance Sheet
APRIL 9, 2021
Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and
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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. So we got to work! Our first storm: 2007. Storm #2: 2013. August 2013 was a month that I’d like to wipe from my memory.
Family Balance Sheet
JANUARY 11, 2019
In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018. We hunkered down and paid our expected medical expenses and by the end of 2018, we were also able to save enough money to cover us for 2019. I almost stopped writing goals down altogether.
Family Balance Sheet
JANUARY 2, 2021
But 2019 was different. I wanted to reduce our non-mortgage debt, my clutter, my distractions, my impact on the environment, and my consumption of sweets. By the end of 2019, we nailed one major bullet point and I was on cloud nine. Read: A 2019 Recap. How our Debt Freedom Plan Prepared Us for the Pandemic.
Family Balance Sheet
JANUARY 20, 2023
The last time we wrote numbers-driven financial goals was 2019. That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. There are ways to reduce the costs by pursuing scholarships, starting at a community college, and working while studying.
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 just finished paying off our non-mortgage debts and now we were considering taking out a car loan. Update our Debt Freedom Plan to reflect lessons learned during this crisis. More family time!
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