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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. 8 – Start college funds for our two girls. We have zilch set aside for our girls’ college.

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

Family Balance Sheet

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Then my husband decided to pay off his car.

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

We met in college and currently both feel drawn toward higher education. I (Krista) have always held an aversion to debt and during that 6 month grace period after I graduated I started attacking my student loans. The first step in this diligence was paying off debt.

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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%. But Dave Ramsey’s view of debt is very different. A student loan?

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. Sean Smarty from Grow Money talks about How to Invest During College. Music to my ears!! Thanks for the honesty.

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What Is A Home Equity Loan?

Savings Corner

Consolidating high-interest debt: If you’ve been struggling to pay off debts with high costs like credit cards, a home equity loan can make a big difference in the amount of interest you’re paying. However, if you’re considering this route , there are two important caveats.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

They didn’t like debt, and as I grew up, neither did I. When my husband and I got married, we both brought debt into the marriage and I knew that I wanted to pay it off. I also wanted to pay off the student loans he had, and see him graduate without occurring any more debt.

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