article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. March 2020 arrived. Everything changed.

Debt 130
article thumbnail

Update #1: Our Debt Freedom Plan

Family Balance Sheet

Back in March I wrote about my family’s Debt Freedom Plan. The server in our office is about 10 years old and has reached capacity. We also have some renovations and equipment that cannot wait and we need to cash flow. Our current amount is enough where I sleep much more soundly at night. Unfortunately they’re not cheap.

Debt 100
article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

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. Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. 3 – Cash flow necessary business expenses and renovations.

Debt 100