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2019 Debt Freedom Plan Update

Family Balance Sheet

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.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

To many, working with a spouse would be too difficult, but our individual strengths and weaknesses complement each other and the arrangement has worked well. However a few years ago, we found ourselves with too much debt and not enough cash. I designed our Debt Freedom Plan, but it essentially was our life plan.

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Family Budget Spreadsheets 2021

Family Balance Sheet

I knew it was coming because we hadn’t planned for all of the gifts we bought in December and used a credit card to pay for them. In 2016, we had some appliances that were starting to not work very efficiently. One January, we received a very large credit card bill in the mail. Color in the blocks as you hit your goals.

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