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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. We’ve been in our home since September 2001. 11 – Cash flow a family trip to celebrate complete debt freedom.

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How We Paid off Six Figures of Debt

Family Balance Sheet

We didn’t max out our contributions, but we were at least contributing something and while it prolonged our pay off period, it was a compromise that made us both feel better. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom. Small home = Low Expenses. How do you eat an elephant?

Debt 130