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How We’re Using Upromise to Save for College

Family Balance Sheet

Hello, 2020. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. But my point of this post is not to discuss the pandemic. I’ll take it!

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My 2020 Financial Goals & A Recap of 2019

Family Balance Sheet

My word was REDUCE: Non-mortgage debt to zero. There were hits and misses on this list, and many are things that I will continue to work on, but let’s recap: 1 – Reduce non-mortgage debt to zero. We’ve been working since 2013 to pay off a boat load of non-mortgage debt. Moving on to 2020!

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Create your debt freedom plan

Family Balance Sheet

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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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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.

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Alternatives to College

Prairie Eco-Thrifter

Does the cost of a four year college or university degree scare you? We all have been taught that a college degree is the path to the good life, but is it still – when students are emerging with heavy debt and little chance of a lucrative job? But, at least I graduated without debt. Projected 1010- 2020 openings.

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My Word for 2021

Family Balance Sheet

I wanted to reduce our non-mortgage debt, my clutter, my distractions, my impact on the environment, and my consumption of sweets. After 2019, I had a lot of hope for finding a word for 2020 but struggled to find one that was meaningful to me. Read: My 2020 Financial Goals. I read more in 2020 than I have in years.

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Our 2023 Financial Goals

Family Balance Sheet

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. In 2020, our financial goals were to read, research, and understand both college and retirement planning. Our oldest is a junior in high school and college becomes reality in the fall of 2024.