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. 2018 Update. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.

Debt 100
article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband. We used quite a bit of our home’s equity in 2012 to put towards the down payment on the commercial property and this added to our debt load. The student loan should be paid off by the end of 2018. So what does this mean?

Debt 100