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2019 Debt Freedom Plan Update

Family Balance Sheet

To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. We loosely based our plan on Dave Ramsey’s 7 Baby Steps, but modified them to address our needs and lifestyle. DONE – 6/1/2014.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. But at the beginning of our journey to pay off the debt, I was listening to Dave Ramsey on the radio.

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