article thumbnail

Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. I put down half the money and financed the other half. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted. And we paid off six figures of business debt before, we will pay off this car loan too.

Finance 130
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.

Debt 130