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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.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Today’s Debt Free Story is from Carrie. Tell us about you and your family. Yep, we’re newlyweds and eloped together in December 2013. How much debt did you pay off? What kind of debt was it? It took just over a year (14 months to be exact) before I paid off all my debts and became debt free!

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. I have been using it ever since.

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Our Family Finances Update: January 2021

Family Balance Sheet

Yep, I found a $20 bill last year on the beach! We think we’ll use the money towards summer vacation. We’re converting our basement to a family room area and the original family room (in the pic above) is becoming a home office. This money will go towards paying the actual medical bills from the injury.

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Our 2019 Financial Goal

Family Balance Sheet

We use Medi-Share for our healthcare and our Annual Household Portion is $10k. That’s the amount of our medical bills we need to pay before our bills are covered by the members’ shares. It was routine for us. Unfortunately, we had a medical event in 2017 and we were on the hook for the first 10k of bills.

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Carnival of Financial Planning – Money Management Edition #241 – June 15, 2012

Prairie Eco-Thrifter

Welcome to the June 15, 2012 Edition #241 of the Carnival of Financial Planning. ” CCS presents Savvy Credit Card Use: Track Your Spending posted at Credit Card Smarts , saying, “A big key to using your credit card wisely is tracking your credit card spending. Se how you can do this any why you need to.

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