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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. If debt freedom is your goal , what can you accomplish THIS year?

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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Are you ready to crush debt this year? We’re going to give it everything we’ve got and hopefully pay off the last of our non-mortgage debt by the end of this year. It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. Stretch yourself.

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WHY We Want to Be Debt Free

Family Balance Sheet

Why are we jumping through these hoops to be debt free? WHY do we want to be debt free? Our girls are watching us. They watch us have long discussions about the business and our finances. They watch me plan out our weekly menu and grocery list. But they are watching. “What is debt, mommy?”

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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. My husband’s brain likes to see everything written down on one page, so I developed that first spreadsheet to list all of our accounts and all of our debts. How do your assets stack up against your liabilities/debts?

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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. I did achieve this goal and ended up calling it our Family Vital Information Binder. We used the snowball method to pay off our non-mortgage debts. A few of our debt payoff trackers.

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Apps to Learn Back History On Your Travels

Shereen Travels Cheap

Airfordable This app, by CAma Marfo, a Black entrepreneur, helps make travel easier and more affordable for you by allowing you to pay an up-front fee and then pay off your trip in installments, ensuring that your trip is paid for before you leave and you aren't left in travel debt and not being able to to again for a long time.

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Join Me for the New Year New You Financial Summit

Family Balance Sheet

You will learn valuable information from leading personal finance bloggers on topics ranging from budgeting basics, dumping debt, boosting your income, and investing in YOUR future. Toni Husbands of Debt Free Divas. Monday, January 9: 12pm EST: Tips for Tackling Credit Card Debt with LaTisha Styles.