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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan. Are you working from home? Are you working in the front lines of this crisis?

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. So we got to work! It’s scary to think about where we would be if we hadn’t worked our plan and made the sacrifices prior to March 2020.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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