article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our non-mortgage debt was in the six figures when we started this plan and included 5 loans.

Debt 100
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

With that much debt, we needed some go big or go home heavy hitters that would make a big impact on debt reduction. While reducing our day to day spending would certainly help, we needed to reduce large chunks of debt at a time to pay off six figures quickly. We need to increase our income.”

Debt 130