article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. I just started reading the book, LAUNCH: How to Get Your Kids Through College Debt-Free and Into Jobs They Love Afterward.

Debt 100
article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I quit my job to focus on my own stuff (blogging, painting, rental property, my iPhone app, writing Kindle books, etc.). Quitting my job is one of the things being debt free has enabled us to do. have barely any bills and be able to live off passive income. But it wasn’t a decade of nothing but paying off debt.

Debt 236
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

She blogs about books at [link]. How much debt did you pay off? What kind of debt was it? We paid off $68,000 of debt in eight months. The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card. Paying off debt can be done!

Debt 245
article thumbnail

Create your debt freedom plan

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We thought we were doing really well. Debt is Dumb and Cash is King.”.

Debt 130
article thumbnail

Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

The fear of losing my baby led to the desire for me to be a stay at home mom, but I knew that would never work if we were in such debt. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? How did you celebrate when you became debt free? Well, not really.

Debt 100
article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement).

Debt 100
article thumbnail

20 Tips for Frugal Living

For the Mommas

You can use the difference in income to pay off debt, save or invest. You can end up well ahead in the long run. Instead of buying books, check them out of the library. 20 Tips for Frugal Living. Living frugally allows you to not only spend less than what you earn, but also allows you to earn less. Frugal gifting.